Reliance Global Group (EZRA) AI Stock Analysis

• Market Cap: $2.36M
• Dividend Yield: N/A
• Average Volume (3M): 3.41M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.30
• Revenue Growth: -6.84%
• EPS Growth: 97.23%
• Country: US
• Employees: 64
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Brokers
• EPS (TTM): -0.20
• Shares Outstanding: 10,733,753
• 10 Day Avg. Volume: 3,759,865
• 30 Day Avg. Volume: 3,413,808
• PEG Ratio: 0.02
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.18
• P/FCF Ratio: -1.00
• Enterprise Value/Market Cap: 2.94
• Enterprise Value/Revenue: 0.53
• Enterprise Value/Gross Profit: -3.64
• Enterprise Value/Ebitda: -1.59
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.19 ▼(-67.97% Downside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

Overall score is held down primarily by weak financial performance (ongoing losses and negative cash flow) and poor technicals (downtrend with bearish momentum). Partially offsetting factors include balance-sheet improvement highlighted on the earnings call and a headline-high dividend yield, though sustainability is uncertain given cash burn.

Positive Factors

Balance-sheet repair from Fortman sale

The Fortman divestiture materially lowered long-term debt (~50% reduction), cutting leverage and refinancing risk. This structural debt reduction improves financial flexibility and extends the company’s runway to execute operational initiatives without immediate dependence on dilutive financing.

Material increase in liquidity

A 590% jump in unrestricted cash to $2.6M provides a lasting liquidity cushion, enabling the company to fund operations, service remaining liabilities, and invest in platform enhancements. Improved cash buffers reduce short-term funding risk and support execution over coming quarters.

Scaling insurance distribution (RELI Exchange)

A 72% YoY increase in policies written demonstrates scalable distribution and deeper carrier relationships via RELI Exchange. Sustainable growth in policy volumes drives recurring revenue potential, improves unit economics over time, and supports long-term revenue diversification.

Negative Factors

Persistent negative cash generation

Consistent negative operating and free cash flow means the business is not self-funding. Over months this forces reliance on asset sales, debt reduction events, or external capital, constraining reinvestment, increasing dilution/refinancing risk, and limiting durable margin improvement.

Declining revenue and sustained net losses

A falling revenue trend combined with sizable TTM net losses indicates weak core earnings power. Persistent losses erode equity returns, reduce ability to fund growth internally, and may necessitate further strategic downsizing or asset sales, hindering medium-term recovery.

Earnings pressure from higher operating costs

An adjusted EBITDA loss alongside a sharp rise in salaries (driven by noncash equity grants) reflects structural operating cost pressure. Unless payroll and comp-driven expenses normalize, margin recovery will be impaired and profitability may remain elusive despite balance-sheet fixes.

Reliance Global Group Business Overview & Revenue Model

Company Description

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 August 2, 2013 and is headquartered in Lakewood, NJ.

How the Company Makes Money

Reliance Global Group generates revenue through multiple streams. Primarily, it earns income from its real estate ventures, which include leasing and property management services. Additionally, the company capitalizes on technology-related services, delivering software solutions and consulting that cater to various industries. Financial services also contribute to the company's revenue, with offerings that may include investments, asset management, and advisory services. Strategic partnerships with other firms enhance its market reach and capabilities, further supporting its revenue generation. The company's diversified portfolio allows it to mitigate risks and capitalize on growth opportunities across different sectors.

Reliance Global Group Financial Statement Overview

Summary

Financial statements indicate a challenged profile: declining TTM revenue, sizable net losses, and persistently negative operating/free cash flow. Balance sheet repair (debt reduction and positive equity) is a positive, but returns remain strongly negative and cash burn continues.

Income Statement

Results remain weak in profitability. In TTM (Trailing-Twelve-Months), revenue declined (down ~6.7%) and the company posted a sizable net loss with deeply negative operating profitability. While gross margin is positive, it is not translating into earnings, and losses have persisted across most years (with 2022 being a notable but non-recurring-looking outlier given the sharp swing in net income versus surrounding periods). Overall, the income statement shows limited earnings power and an uneven growth trajectory.

Balance Sheet

Balance sheet risk has improved versus recent history, but remains a concern. Leverage reduced meaningfully in TTM (Trailing-Twelve-Months) as total debt fell sharply versus 2024, and equity is positive, which is a constructive shift from earlier years when equity was negative/near zero. However, returns on equity are strongly negative due to ongoing losses, and leverage is still meaningful relative to equity, leaving limited cushion if operating losses persist.

Cash Flow

Cash generation is consistently pressured. Operating cash flow and free cash flow are negative in TTM (Trailing-Twelve-Months) and have been negative across the historical periods provided, indicating the business has not been self-funding. Although free cash flow was slightly less negative in TTM versus 2024 (a modest improvement), the company still appears reliant on external capital or balance sheet actions to fund operations until profitability improves.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2020
Income Statement
Total Revenue	13.12M	14.05M	13.73M	11.76M	9.71M	7.30M
Gross Profit	-1.90M	2.64M	2.50M	1.11M	2.61M	2.07M
EBITDA	-4.35M	-5.70M	-5.76M	25.04M	-1.31M	-2.30M
Net Income	-7.00M	-9.07M	-12.01M	6.47M	-21.10M	-3.68M
Balance Sheet
Total Assets	15.66M	17.32M	23.02M	38.43M	27.68M	18.04M
Cash, Cash Equivalents and Short-Term Investments	2.58M	372.69K	1.33M	505.41K	4.14M	45.21K
Total Debt	7.06M	13.03M	14.54M	17.57M	9.43M	13.97M
Total Liabilities	8.91M	14.32M	15.87M	29.52M	53.74M	18.11M
Stockholders Equity	6.74M	3.00M	7.15M	8.91M	-26.07M	-63.01K
Cash Flow
Free Cash Flow	-2.40M	-2.60M	-1.04M	-3.99M	-2.94M	-468.46K
Operating Cash Flow	-2.34M	-2.52M	-847.97K	-3.19M	-2.25M	-468.46K
Investing Cash Flow	4.26M	-83.23K	710.19K	-24.64M	-2.30M	-1.95M
Financing Cash Flow	-778.88K	1.66M	966.92K	25.12M	8.64M	2.45M

Reliance Global Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

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 0.59 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.37, and below the 200-day MA of 0.89, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 41.66 is Neutral, neither overbought nor oversold. The STOCH value of 17.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EZRA.

Reliance Global Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
EHTH	55 Neutral	$50.96M	3.50	4.22%	―	16.79%	―
HUIZ	46 Neutral	$19.17M	0.17	4.56%	―	19.30%	-17.56%
ZBAO	46 Neutral	$34.93M	-3.87	―	―	80.80%	―
GOCO	44 Neutral	$24.78M	-0.09	-142.05%	―	7.56%	-344.04%
EZRA	43 Neutral	$2.36M	-0.66	-146.43%	―	-6.84%	97.23%
TIRX	43 Neutral	$2.47M	-183.71	-11.18%	―	624.24%	85.46%