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Reliance Global Group (EZRA) AI Stock Analysis
Reliance Global Group
(NASDAQ:EZRA)
The score is held down primarily by weak financial performance (persistent losses and ongoing cash burn) and a bearish technical setup (price below key moving averages with negative MACD). Partially offsetting these, management reports substantial cost reductions and strategic progress on AI commercialization, but near-term liquidity and execution risk remain material, and valuation is hard to assess given negative earnings and no dividend yield.
Reliance Global Group (EZRA) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.14M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.92M
- Price to Earnings (P/E)
- -0.1
- Beta (1Y)
- 1.42
- Revenue Growth
- -21.45%
- EPS Growth
- 82.28%
- Country
- US
- Employees
- 40
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Insurance - Brokers
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 supp...
How the Company Makes Money
Reliance Global Group primarily makes money through insurance distribution economics. Its key revenue stream is commissions and fees earned for placing and servicing insurance policies with insurance carriers (e.g., personal and commercial lines). Re...
Reliance Global Group Earnings Call Summary
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.
Q2-2026 Updates
Positive Updates
Negative 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
Overall fundamentals are weak. Income statement and cash flow quality are the main drags: revenue has declined in recent periods, profitability is deeply negative (heavy operating losses), and operating/free cash flow are consistently negative (ongoing cash burn). The balance sheet has improved versus prior peak leverage (lower debt and more normalized debt-to-equity), but returns remain negative and losses are still pressuring financial strength.
Income Statement
18Very NegativeBalance Sheet
42NeutralCash Flow
20Very 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 | 2.27M | -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
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EZRA, the sentiment is Negative. The current price of 2.05 is below the 20-day moving average (MA) of 2.25, below the 50-day MA of 2.52, and below the 200-day MA of 5.28, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 40.27 is Neutral, neither overbought nor oversold. The STOCH value of 6.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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.
Latest Risks Added
0 New RisksReliance Global Group Peers Comparison
Overall Rating
HUIZ68Neutral- EZRA44Neutral
EHTH41Neutral
ZBAO41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HUIZ | 68Neutral | $22.74M | 0.28 | 6.41% | ― | ― | ― |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| EZRA | 44Neutral | $3.44M | -0.09 | -88.14% | ― | -21.45% | 82.28% |
| EHTH | 41Neutral | $15.76M | -0.59 | 3.23% | ― | -8.37% | -220.33% |
| ZBAO | 41Neutral | $2.28M | -0.03 | -424.23% | ― | 37.29% | -396.20% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| EZRA | Reliance Global Group | 2.05 | -36.49 | -94.68% | |
| EHTH | Ehealth | 0.49 | -4.69 | -90.50% | |
| HUIZ | Huize Holding Ltd. | 2.25 | -1.45 | -39.19% | |
| ZBAO | Zhibao Technology Inc. Class A | 0.26 | -50.24 | -99.50% |
Reliance Global Group Corporate Events
Reliance Global Group Advances GPU Exchange AI Strategy
PositiveOn October 19, 2026, Reliance Global Group’s independent Compensation Committee approved cash settlements for most of the previously granted equity awards to senior executives, including Chairman and CEO Ezra Beyman, COO Judah Korman and Vice P...
Reliance Global Eliminates Term Debt, Strengthens Liquidity
PositiveOn October 5, 2026, Reliance Global Group announced it had fully repaid its term loan with Oak Street Funding, eliminating its only term debt and leaving more than $6 million of cash on its balance sheet. The $4.4 million loan, which had an outstandi...
Reliance Global Divests Altruis to Focus InsurTech Strategy
PositiveOn October 1, 2026, Reliance Global Group announced it had completed the sale of substantially all assets of its Altruis Benefit Consulting subsidiary, a Michigan-based health insurance agency and benefits consultant. The Altruis transaction closed o...
Reliance Global Group streamlines debt after asset sale
PositiveOn September 23, 2026, Altruis Benefit Consultants, a wholly owned subsidiary of Reliance Global Group, sold substantially all assets of its employee benefits insurance agency business to Altruis Benefit Management for $8 million, comprising cash, a...
Reliance Global divests subsidiary to fund InsurTech growth
PositiveOn September 11, 2026, Reliance Global Group completed the sale of its Southwestern Montana Insurance Center subsidiary, a full-service insurance agency, to Scali Insurance Group for $2.625 million in cash at closing, plus an uncapped earnout tied to...
Reliance Global Group Amends Credit Deal for Flexibility
PositiveOn September 4, 2026, Reliance Global Group’s subsidiaries entered a Sixth Amendment to their Master Credit Agreement with Oak Street Funding, allowing the approved sale of Southwestern Montana Insurance Center while reallocating only half of t...
Reliance Global Group Divests Southwestern Montana Insurance Center
PositiveOn September 2, 2026, Reliance Global Group, Inc. and its subsidiary Southwestern Montana Insurance Center, LLC entered into an agreement to sell 100% of SMI’s membership interests and its full book of insurance business and related assets to S...
Reliance Global Adopts One-Year Stockholder Rights Plan
NeutralOn 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, e...
Reliance Global Pursues New Altruis Asset Sale Agreement
NeutralReliance 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 ter...
Reliance Global Group Completes Private Equity Share Sale
NeutralReliance 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, condu...
Reliance Global to Sell Altruis Assets, Boost Liquidity
PositiveOn 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 be...
Reliance Global Group Accelerates Executive Equity Vesting Plan
PositiveOn 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 vesting...
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.
Date of analysis: Oct 24, 2026