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Reliance Global Group
(NASDAQ:EZRA)
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Rating:45Neutral
Price Target:
$3.00
▲(10.70% Upside)
Action:Reiterated
Date:08/19/26
Overall score is held down primarily by weak financial performance (persistent losses, declining revenue, and sustained negative operating/free cash flow) and bearish technicals (price below key longer-term moving averages with negative MACD). Partly offsetting this are improving cost discipline and AI commercialization plans discussed on the earnings call, plus a potentially liquidity-strengthening asset sale LOI and restored Nasdaq bid compliance, but these are not yet sufficient to outweigh the current profitability and cash-burn risks.
Positive Factors
Cost Discipline
The substantial operating-expense reduction indicates a simpler, more disciplined operating model after portfolio realignment. If maintained, lower overhead can preserve cash, improve scalability, and provide greater operating leverage when retained insurance revenue stabilizes or new technology revenue emerges.
Negative Factors
Persistent Unprofitability
Sustained revenue contraction alongside a deeply negative net margin shows that the current operating model has not yet reached economic stability. Continued losses limit internally funded investment, increase dependence on restructuring or new revenue initiatives, and make a durable earnings recovery uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Cost Discipline
The substantial operating-expense reduction indicates a simpler, more disciplined operating model after portfolio realignment. If maintained, lower overhead can preserve cash, improve scalability, and provide greater operating leverage when retained insurance revenue stabilizes or new technology revenue emerges.
Read all positive factors
Reliance Global Group (EZRA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.84M
Dividend Yield3.16%
Average Volume (3M)3.82M
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth-21.45%
EPS Growth82.28%
CountryUS
Employees40
SectorFinancial
Sector Strength70
IndustryInsurance - Brokers
Share Statistics
EPS (TTM)-23.92
Shares Outstanding1,002,998
10 Day Avg. Volume70,014
30 Day Avg. Volume3,822,308
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.40
Price to Sales (P/S)0.21
P/FCF Ratio-0.82
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Reliance Global Group Business Overview & Revenue Model
Company Description
Reliance Global Group, Inc. acquires, owns, and manages insurance distribution and technology-oriented businesses in the United States. The company operates RELI Exchange, a business-to-business InsurTech platform and partner network designed to s...
How the Company Makes Money
Reliance Global Group makes money primarily through insurance distribution and related services. Key revenue streams generally include: (1) commissions and fees earned when its agencies place insurance policies with insurance carriers (typically a...
Reliance Global Group Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Neutral
The call conveyed a balanced mix of encouraging operational improvements (notably a ~28% reduction in operating expenses, ~26% improvement in net loss, significant payroll and G&A cuts, leadership hires and an AI platform milestone) and meaningful challenges (a ~32% decline in commission income due to divestitures, a widened adjusted EBITDA loss, modest cash and working capital, and remaining GAAP losses). Management emphasizes strategic focus and technology-driven growth, but near-term liquidity, adjusted EBITDA deterioration and dependence on successful AI commercialization present material risks.Positive Updates
Operating Expense Reduction
Company reduced operating expenses by approximately 28% year-over-year, driven by divestitures, the OneFirm operating model and continued cost discipline.
Negative Updates
Decline in Commission Income
Commission income fell to $2.1 million from $3.1 million year-over-year, a decline of approximately 32.3%, primarily reflecting the portfolio realignment and divestiture of non-core operations.
Read all updates
Q2-2026 Updates
Positive
Negative
Operating Expense Reduction
Company reduced operating expenses by approximately 28% year-over-year, driven by divestitures, the OneFirm operating model and continued cost discipline.
Read all positive updates
Company Guidance
The company guided that its proprietary AI platform could begin generating revenue in roughly 6–9 months (possibly sooner) while continuing disciplined capital allocation, cost control and evaluation of commercialization opportunities; management reiterated plans to expand AI deployment across the business and report progress next quarter. Key metrics cited that underpin that guidance include $1.8M of combined cash and restricted cash ($0.8M unrestricted), $1.2M working capital and $6.6M stockholders’ equity; quarter commission income of $2.1M (down from $3.1M), commission expense $0.8M (from $1.0M), salaries and wages ~$1.5M (from $2.6M), G&A $1.2M (from $1.5M); operating expenses were reduced ~28% year‑over‑year, net loss improved ~26% to $2.0M (from $2.7M), and adjusted EBITDA was a loss of $1.1M (vs. $0.4M loss prior year), with management noting lower non‑cash share‑based comp, interest, and D&A and that AI is already contributing to expense reductions and productivity gains.Reliance Global Group Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
42
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.12M | 12.43M | 14.05M | 13.73M | 11.76M | 9.71M |
| Gross Profit | 1.34M | -2.49M | 2.64M | 2.50M | 1.11M | 2.61M |
| EBITDA | -6.74M | -7.68M | -5.70M | -5.76M | 25.04M | -1.53M |
| Net Income | -6.00M | -6.99M | -9.07M | -12.01M | 6.47M | -21.10M |
Balance Sheet | ||||||
| Total Assets | 12.87M | 13.55M | 17.32M | 23.02M | 38.43M | 27.68M |
| Cash, Cash Equivalents and Short-Term Investments | 843.51K | 1.32M | 372.69K | 1.33M | 505.41K | 4.14M |
| Total Debt | 5.27M | 2.26M | 13.03M | 14.54M | 17.57M | 9.43M |
| Total Liabilities | 6.22M | 7.12M | 14.32M | 15.87M | 29.52M | 53.74M |
| Stockholders Equity | 6.65M | 6.43M | 3.00M | 7.15M | 8.91M | -26.07M |
Cash Flow | ||||||
| Free Cash Flow | -7.14M | -3.11M | -2.60M | -1.04M | -3.99M | -2.94M |
| Operating Cash Flow | -7.11M | -3.09M | -2.52M | -847.97K | -3.19M | -2.25M |
| Investing Cash Flow | 4.11M | 5.33M | -83.23K | 710.19K | -24.64M | -2.30M |
| Financing Cash Flow | -788.45K | -1.30M | 1.66M | 966.92K | 25.12M | 8.64M |
Reliance Global Group Technical Analysis
Positive
2.71
Price Trends
2.58
Positive
3.90
Negative
9.70
Negative
Market Momentum
0.08
Negative
54.95
Neutral
42.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EZRA, the sentiment is Positive. The current price of 2.71 is above the 20-day moving average (MA) of 2.64, above the 50-day MA of 2.58, and below the 200-day MA of 9.70, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 54.95 is Neutral, neither overbought nor oversold. The STOCH value of 42.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EZRA.
Reliance Global Group Risk Analysis
Reliance Global Group disclosed 38 risk factors in its most recent earnings report. Reliance Global Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Reliance Global Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $14.86M | 0.18 | 6.41% | ― | ― | ― | |
51 Neutral | $31.69M | -1.19 | 3.23% | ― | -8.37% | -220.33% | |
45 Neutral | $2.84M | -0.12 | -88.14% | 3.16% | -21.45% | 82.28% | |
41 Neutral | $8.15M | -0.54 | -424.23% | ― | 37.29% | -396.13% |
* Financial Sector Average
EZRA
Reliance Global Group
2.83
-27.13
-90.55%
EHTH
Ehealth
0.99
-2.92
-74.71%
HUIZ
Huize Holding
1.47
-1.20
-44.94%
ZBAO
Zhibao Technology Inc. Class A
0.17
-0.87
-84.02%
Reliance Global Group Corporate Events
Business Operations and Strategy
Reliance Global Adopts One-Year Stockholder Rights Plan
Neutral
Sep 3, 2026
On September 2 and 3, 2026, Reliance Global Group’s board adopted a one-year stockholder rights plan and related Series A preferred stock designations, issuing one right per common share to holders of record on September 18, 2026. The rights...
Business Operations and StrategyM&A Transactions
Reliance Global Pursues New Altruis Asset Sale Agreement
Neutral
Aug 27, 2026
Reliance Global Group, Inc. reported that a non-binding letter of intent signed on July 30, 2026 to sell substantially all operating assets of its Altruis Benefit Consulting subsidiary to a third-party buyer was terminated on August 14, 2026. The ...
Private Placements and Financing
Reliance Global Group Completes Private Equity Share Sale
Neutral
Aug 6, 2026
Reliance Global Group, Inc. disclosed that on August 4, 2026, it sold 251,666 shares of its common stock to White Lion Capital, LLC at prices between $2.79 and $2.90 per share, generating gross proceeds of about $716,000. The private placement, co...
Business Operations and StrategyM&A Transactions
Reliance Global to Sell Altruis Assets, Boost Liquidity
Positive
Aug 5, 2026
On August 3, 2026, Reliance Global Group announced that on July 30, 2026 it signed a non-binding letter of intent to sell substantially all operating assets of its Altruis Benefit Consulting subsidiary, a Michigan-based health insurance agency and...
Business Operations and StrategyExecutive/Board Changes
Reliance Global Group Accelerates Executive Equity Vesting Plan
Positive
Jul 29, 2026
On July 27, 2026, Reliance Global Group, Inc.’s Compensation Committee approved amendments to the vesting schedule for certain previously granted restricted stock awards under its 2025 Equity Incentive Plan. The changes accelerated the vesti...
Business Operations and StrategyExecutive/Board Changes
Reliance Global strengthens AI-focused leadership and compensation strategy
Positive
Jun 25, 2026
On June 18, 2026, Reliance Global Group’s board appointed serial tech entrepreneur Judah Korman as chief operating officer, former Coinbase and Capital One engineer Zack Wilder as chief technology officer, and promoted Mordy Beyman to a seni...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.