Reliance Global Group (EZRA)
NASDAQ:EZRA
Earnings Data
Report Date
May 20, 2026Before Open (Not Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.67Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call described a clear strategic pivot and tangible balance sheet improvements (cash, working capital, equity), meaningful growth in the RELI Exchange distribution network and early-stage technology investments that could deliver long-term upside. Offsetting these positives are a decline in commission income after divestitures, a wider adjusted EBITDA loss, continued net losses, rising operating costs driven by equity-based compensation, and limited unrestricted cash. Technology investments are promising but remain milestone-dependent and speculative in the near term.Company Guidance
Balance Sheet Improvements
Unrestricted cash increased to $1.3M (reported +$0.9M or +250% YoY). Working capital improved to $1.9M (reported +$1.5M or +351% YoY). Stockholders' equity increased to $6.4M (reported +$3.4M or +114% YoY). Management also reported reduced long-term debt and greater financial flexibility following portfolio realignment.
Recurring Commission Income from Insurance Platform
Insurance and InsurTech operations generated $12.4M in commission income for 2025, providing a stable recurring revenue base during the company’s strategic transition.
RELI Exchange Distribution Growth
RELI Exchange expanded partner network from ~65 to ~250 agencies since 2022 (~+285% partner growth). Personal lines/property & casualty premiums grew ~36% YoY and policies written during the most recent health insurance open enrollment increased ~72%.
Portfolio Realignment and Monetization
Management monetized non-core operations to sharpen focus and redeploy capital, including the sale of Fortman Insurance Services for $5M in cash and the sale of Employee Benefits Solutions and U.S. Benefits Alliance, simplifying operations and improving flexibility.
Strategic Launch of EZRA International Group and Scale51
Company rebranded NASDAQ ticker to EZRA and launched the Scale51 model to identify, invest in, and scale technology businesses (targeting cybersecurity, AI, fintech, digital health) to create long-term value beyond traditional insurance.
Initial Technology Investments with Upside Potential
Announced investment in Enquantum (post-quantum encryption) with milestone-based pathway to majority ownership and intention to acquire majority stake in Scentech Medical (AI-driven non-invasive breath analysis). Management highlighted potential near-term commercialization upside for Enquantum and strategic value for Scentech.
Net Loss Improvement vs Prior Year
Net loss improved to $7.0M in 2025 from $9.1M in 2024 (improvement of $2.1M, ~23% improvement), driven in part by gains from portfolio realignment and absence of prior-year asset impairment charges.
EZRA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EZRA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 10, 2026 | $0.26 | $0.21 | -18.60% |
Nov 06, 2025 | $0.88 | $0.84 | -4.43% |
Jul 30, 2025 | $1.24 | $1.04 | -16.44% |
May 14, 2025 | $1.19 | $1.10 | -7.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Reliance Global Group (EZRA) report earnings?
Reliance Global Group (EZRA) is schdueled to report earning on May 20, 2026, Before Open (Not Confirmed).
What is Reliance Global Group (EZRA) earnings time?
Reliance Global Group (EZRA) earnings time is at May 20, 2026, Before Open (Not Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EZRA EPS forecast?
Currently, no data Available