Reliance Global Group (EZRA) Q2 2026 earnings summary

Executive summary

• Organization simplified, balance sheet strengthened, and operations streamlined to position for long-term growth, with a strategic focus on insurance and technology-driven initiatives.

• Leadership team enhanced with new COO, CTO, and EVP appointments to drive operational and technological advancement.

• Accelerated deployment and launch of proprietary AI platform and secure browser automation agent to automate insurance workflows and enhance efficiency.

• Continued organic growth in retained insurance operations after divesting non-core businesses.

• Completed a 1-for-40 reverse stock split in May 2026 to regain Nasdaq compliance.

Financial highlights

• Q2 2026 commission income was $2.1M, down from $3.1M year-over-year, reflecting divestitures and portfolio realignment.

• Operating expenses for Q2 2026 were $3.9M, down 28% year-over-year due to cost management and efficiencies.

• Net loss improved by 26% year-over-year to $2.0M from $2.7M, driven by efficiencies and lower non-cash compensation.

• Adjusted EBITDA loss was $1.1M, compared to a $0.4M loss in the prior year quarter.

• As of June 30, 2026: cash and restricted cash totaled $1.8M, working capital was $1.2M, and stockholders’ equity was $6.6M.

Outlook and guidance

• Continued enhancement and deployment of proprietary AI platform, expected to generate revenue within six to nine months and further improve productivity.

• Management believes current liquidity and access to capital are sufficient for at least the next 12 months.

• Ongoing evaluation of commercialization opportunities for AI technology and disciplined approach to capital allocation.

• Strategic focus remains on insurance operations and expanding AI capabilities.