EZRA

MKT CAP:$2M

Reliance Global Group Inc.

Market Cap

$2M

Financial Services·Insurance - Brokers·🇺🇸 United States·NASDAQ

Financials·Insurance·🇺🇸·NASDAQ

Stock Price

$0.19-$0.35 (-64.66%)

Apr 23, 2026

Company Details

Reliance Global Group, Inc. is a diversified company, which engages in the business of insurance market and other relates sectors. It focuses on acquisition strategy, wholesale, and retail insurance agencies. The company was founded on Augu...

CEO

Ezra Beyman

IPO Date

Feb 9, 2021

Website

www.relianceglobalgroup.com

Key Metrics TTM

Revenue

$13M

-2.3% YoY

Net Income

-$5M

EPS (Diluted)

-$68.74

Free Cash Flow

-$2M

Revenue / Share

$2.31

Gross Margin

-4.5%

Operating Margin

-50.8%

Net Margin

-38.1%

FCF Margin

-17.1%

P/S

0.1x

P/E

—

Earnings Reports

FY 2025

Mar 10, 2026

$12M-11.6%EPS -$1.28

Q3 2025

Nov 6, 2025

$2M-27.5%EPS -$0.20

Q1 2025

May 14, 2025

$4M+3.8%EPS -$66.48

FY 2024

Mar 6, 2025

$14M+2.3%EPS -$9.01

Q4 2024

Mar 6, 2025

$3MEPS -$1.39

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$2M	$528.3K	-$719.3K
Q3 21	$3M	$732.7K	-$475.2K
Q4 21	$3M	$479.7K	-$847.5K
Q1 22	$4M	$1M	-$2M
Q2 22	$3M	$546.8K	-$2M
Q3 22	$3M	$496.8K	-$1M
Q4 22	$4M	$1M	-$16M
Q1 23	$4M	$1M	-$1M
Q2 23	$3M	$595.6K	-$2M
Q3 23	$3M	$675.9K	-$1M
Q1 24	$4M	$974.2K	-$5M
Q2 24	$3M	$391.8K	-$1M
Q3 24	$3M	$831.5K	-$512.0K
Q4 24	$3M	$440.4K	-$1M
Q1 25	$4M	$537.0K	-$1M
Q3 25	$2M	-$2M	-$4M

Valuation

Quarter	P/S	P/E
Q4 20	67.6x	—
Q3 21	60.1x	—
Q4 21	266.0x	—
Q1 22	125.7x	—
Q2 22	59.7x	1166.6x
Q3 22	20.7x	35.3x
Q4 22	11.4x	24.8x
Q1 23	3.8x	—
Q2 23	6.7x	—
Q3 23	3.3x	—
Q1 24	0.5x	—
Q2 24	0.4x	—
Q3 24	0.2x	—
Q4 24	0.2x	—
Q1 25	0.3x	—
Q3 25	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$985.6K	$985.6K
Q3 21	$188.9K	-$13.4K
Q4 21	-$949.0K	-$1M
Q1 22	-$343.3K	-$596.6K
Q2 22	-$968.1K	-$1M
Q3 22	-$866.6K	-$1M
Q4 22	-$1M	-$1M
Q1 23	-$1M	-$1M
Q2 23	-$942.2K	-$1M
Q3 23	$2M	$2M
Q1 24	-$204.4K	-$233.8K
Q2 24	-$685.2K	-$692.3K
Q3 24	-$758.3K	-$780.5K
Q4 24	-$867.2K	-$891.7K
Q1 25	$197.8K	$182.9K
Q3 25	-$814.4K	-$812.8K

Capital Expenditures

Quarter	CapEx
Q4 20	$0
Q3 21	$202.3K
Q4 21	$335.5K
Q1 22	$253.3K
Q2 22	$233.8K
Q3 22	$356.7K
Q4 22	$109.7K
Q1 23	$80.6K
Q2 23	$84.3K
Q3 23	$16.5K
Q1 24	$29.4K
Q2 24	$7.1K
Q3 24	$22.3K
Q4 24	$24.4K
Q1 25	$14.9K
Q3 25	$1.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	+12.2%	-19.4%
Q3 21	+28.8%	+8.7%
Q4 21	+59.2%	+29.8%
Q1 22	+152.1%	+139.3%
Q2 22	+45.8%	+72.9%
Q3 22	+9.3%	+36.0%
Q4 22	+59.1%	+477.7%
Q1 23	-7.0%	-25.5%
Q2 23	+12.2%	+9.0%
Q3 23	+16.1%	+13.3%
Q1 24	-1.9%	-54.4%
Q2 24	-17.9%	-11.4%
Q3 24	+7.7%	-21.5%
Q4 24	+0.7%	-8.7%
Q1 25	+3.8%	-38.1%
Q3 25	-22.8%	+46.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$407.3K	20.9%
Q3 21	$146.2K	5.7%
Q4 21	$81.8K	3.1%
Q1 22	$740.0K	17.5%
Q2 22	$179.1K	6.3%
Q3 22	$314.3K	11.1%
Q4 22	$16.6K	0.4%
Q1 23	$43.8K	1.1%
Q2 23	$35.4K	1.1%
Q3 23	$27.8K	0.8%
Q1 24	$18.6K	0.5%
Q2 24	$245.8K	7.6%
Q3 24	$12.8K	0.4%
Q4 24	$256.5K	7.8%
Q1 25	$975.0K	23.0%
Q3 25	$3M	109.8%

OpEx Breakdown

Quarter	G&A	S&M
Q4 20	$885.0K	$40.3K
Q3 21	$755.1K	$65.0K
Q4 21	$627.3K	$182.7K
Q1 22	$2M	$587.0K
Q2 22	$2M	—
Q3 22	$1M	$63.4K
Q4 22	$1M	$662.4K
Q1 23	$837.8K	$136.6K
Q2 23	$1M	$109.9K
Q3 23	$1M	$117.8K
Q1 24	$1M	$127.0K
Q2 24	$991.6K	$77.0K
Q3 24	$821.5K	$100.2K
Q4 24	$1M	$53.5K
Q1 25	$2M	$67.3K
Q3 25	$1M	$66.9K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$5M	$0	$5M
Q2 22	$3M	$0	$3M
Q3 22	$2M	$0	$2M
Q4 22	$505.4K	$0	$505.4K
Q1 23	$2M	$0	$2M
Q2 23	$1M	$0	$1M
Q3 23	$2M	$0	$2M
Q4 23	$1M	$0	$1M
Q1 24	$680.1K	$0	$680.1K
Q2 24	$1M	$0	$1M
Q3 24	$925.3K	$0	$925.3K
Q4 24	$372.7K	$0	$372.7K
Q1 25	$388.4K	$0	$388.4K
Q2 25	$2M	$0	$2M
Q3 25	$3M	$0	$3M
Q4 25	$1M	$0	$1M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	279K	+0.5%	+45.4%
Q3 21	730K	+161.6%	+275.3%
Q4 21	673K	-7.7%	+142.6%
Q1 22	2M	+133.7%	+467.0%
Q2 22	1M	-11.1%	+401.7%
Q3 22	1M	-17.0%	+59.2%
Q4 22	1M	+5.0%	+81.2%
Q1 23	1M	-3.7%	-25.4%
Q2 23	1M	0.0%	-16.1%
Q3 23	1M	0.0%	+1.1%
Q1 24	1M	0.0%	-3.7%
Q2 24	1M	0.0%	0.0%
Q3 24	1M	+6.7%	+6.7%
Q4 24	1M	-19.6%	-14.2%
Q1 25	26K	-97.4%	-97.8%
Q3 25	6M	+22202.6%	+396.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	—	—
Q3 21	—	—
Q4 21	$51.3K	51
Q1 22	$83.1K	51
Q2 22	$55.8K	51
Q3 22	$55.3K	51
Q4 22	$53.3K	78
Q1 23	$50.5K	78
Q2 23	$41.0K	78
Q3 23	$42.0K	78
Q1 24	$60.9K	67
Q2 24	$48.3K	67
Q3 24	$51.4K	67
Q4 24	$51.5K	64
Q1 25	$66.2K	64
Q3 25	$39.0K	64

Revenue / Employee