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Reliance Global Group (RELI) investor relations material
Reliance Global Group Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for Q2 2025 was $3.09M, down 5% year-over-year, mainly due to shifts in the medical and health client base, partially offset by 8% growth in property and casualty revenue.
Debt reduced by 50% through repayment of $5M–$5.6M, improving cash flow and financial flexibility.
Streamlined operations and portfolio via the One Firm strategy and sale of Fortman Insurance Services to focus on tech-enabled, high-growth areas.
Launched Relay/RELI Auto Leasing, creating new revenue streams and value for agency partners.
Raised $2.5M in a Series J private placement to support working capital.
Financial highlights
Commission income was $3.1M in Q2 2025, down from $3.2M in Q2 2024; property and casualty revenue increased by 8%.
Net loss for Q2 2025 was $2.7M, compared to $1.5M in Q2 2024; six-month net loss improved to $4.45M from $6.84M year-over-year.
Adjusted EBITDA loss was $382K in Q2 2025, compared to $178K in Q2 2024.
Salaries and wages rose to $2.6M from $2.0M, mainly due to non-cash share-based compensation.
General and administrative expenses increased to $1.5M from $1.0M, driven by acquisition-related costs.
Outlook and guidance
Outlook remains strong with a focus on disciplined financial management, innovation, and market expansion, including further insurance agency acquisitions and organic growth.
Expect to record a $3M gain on the Fortman sale in Q3 2025.
Annual debt service obligations lowered by about 61% following debt reduction.
No substantial doubt about ability to continue as a going concern for the next year.
Continued active discussions for a potential Spetner Associates transaction under a new structure.
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