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Reliance Global Group
(NASDAQ:EZRA)
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Rating:44Neutral
Price Target:
$2.00
▲(238.98% Upside)
Action:Reiterated
Date:07/17/26
The score is held down primarily by weak financial performance (persistent losses and ongoing cash burn) and a strongly bearish technical setup (price below all key moving averages with negative momentum). Corporate events provide some support (Nasdaq compliance, leadership buildout), but dilution-related actions and the lack of positive earnings/cash flow keep the overall profile low; valuation is not clearly attractive given the negative P/E.
Positive Factors
Improved leverage
Material deleveraging (debt-to-equity down to ~0.21 TTM) meaningfully reduces solvency risk and interest burden. This gives management longer runway to invest in operations and strategic projects without immediate refinancing pressure, supporting stability over the next 2–6 months.
Negative Factors
Persistent net losses
Sustained operating losses and extremely negative net margins (-56% to -87%) indicate the cost base is not aligned with revenue. Continued losses will erode equity, limit reinvestment capacity, and require ongoing financing unless operations return to profitable fundamentals in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
Material deleveraging (debt-to-equity down to ~0.21 TTM) meaningfully reduces solvency risk and interest burden. This gives management longer runway to invest in operations and strategic projects without immediate refinancing pressure, supporting stability over the next 2–6 months.
Read all positive factors
Reliance Global Group (EZRA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.27M
Dividend YieldN/A
Average Volume (3M)3.41M
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue Growth-15.39%
EPS Growth73.24%
CountryUS
Employees40
SectorFinancial
Sector Strength70
IndustryInsurance - Brokers
Share Statistics
EPS (TTM)-54.66
Shares Outstanding555,764
10 Day Avg. Volume3,759,865
30 Day Avg. Volume3,413,808
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:Mar 10, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
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.Positive Updates
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.
Negative Updates
Commission Income Decline Following Divestitures
Commission income decreased to $12.4M from $14.1M in 2024 (decline of $1.7M, approx -12%), primarily reflecting strategic divestitures during the year.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management's guidance centers on executing the Scale51 strategy over the next 6–12 months with milestone-based investments (aiming for near-term revenue from Enquantum, potentially later this year) while relying on the insurance/InsurTech core that produced $12.4M in commission income in 2025 (vs. $14.1M in 2024); they highlighted 36% YoY growth in personal P&C premiums, a ~72% increase in policies written during the most recent health open enrollment, and expansion of the RELI Exchange partner network from ~65 to ~250 agencies since 2022; financial moves to support this plan include a $5.0M cash sale of Fortman, unrestricted cash up $0.9M to $1.3M (+250%), working capital up $1.5M to $1.9M (+351%), stockholders’ equity up $3.4M to $6.4M (+114%), commission expense of $4.6M, salaries and wages of $10.3M, G&A of $4.9M, a net loss improved to $7.0M (from $9.1M), and an adjusted EBITDA loss of $1.6M (from $0.3M), with management expecting these actions to strengthen liquidity, simplify operations and position Reliance/EZRA for disciplined, technology-driven growth.Reliance Global Group Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.10M | 12.43M | 14.05M | 13.73M | 11.76M | 9.71M |
| Gross Profit | 94.91K | -2.49M | 2.64M | 2.50M | 1.11M | 2.61M |
| EBITDA | -7.17M | -7.68M | -5.70M | -5.76M | 25.04M | -1.53M |
| Net Income | -6.72M | -6.99M | -9.07M | -12.01M | 6.47M | -21.10M |
Balance Sheet | ||||||
| Total Assets | 13.79M | 13.55M | 17.32M | 23.02M | 38.43M | 27.68M |
| Cash, Cash Equivalents and Short-Term Investments | 2.27M | 1.32M | 372.69K | 1.33M | 505.41K | 4.14M |
| Total Debt | 5.44M | 2.26M | 13.03M | 14.54M | 17.57M | 9.43M |
| Total Liabilities | 6.37M | 7.12M | 14.32M | 15.87M | 29.52M | 53.74M |
| Stockholders Equity | 7.42M | 6.43M | 3.00M | 7.15M | 8.91M | -26.07M |
Cash Flow | ||||||
| Free Cash Flow | -6.32M | -3.11M | -2.60M | -1.04M | -3.99M | -2.94M |
| Operating Cash Flow | -6.30M | -3.09M | -2.52M | -847.97K | -3.19M | -2.25M |
| Investing Cash Flow | 4.83M | 5.33M | -83.23K | 710.19K | -24.64M | -2.30M |
| Financing Cash Flow | 673.65K | -1.30M | 1.66M | 966.92K | 25.12M | 8.64M |
Reliance Global Group Technical Analysis
Negative
0.59
Price Trends
3.85
Negative
5.92
Negative
15.45
Negative
Market Momentum
-0.44
Positive
20.52
Positive
11.48
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 below the 20-day moving average (MA) of 3.02, below the 50-day MA of 3.85, and below the 200-day MA of 15.45, indicating a bearish trend. The MACD of -0.44 indicates Positive momentum. The RSI at 20.52 is Positive, neither overbought nor oversold. The STOCH value of 11.48 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.
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% | |
60 Neutral | $12.83M | 1.06 | 4.56% | ― | ― | ― | |
55 Neutral | $47.29M | -2.37 | 3.57% | ― | -4.28% | -1.93% | |
44 Neutral | $1.27M | -0.04 | -113.59% | ― | -15.39% | 73.24% | |
38 Underperform | $7.50M | -0.74 | -404.40% | ― | 37.29% | -396.13% |
* Financial Sector Average
EZRA
Reliance Global Group
2.28
-53.20
-95.89%
EHTH
Ehealth
1.49
-2.24
-60.05%
HUIZ
Huize Holding
1.27
-1.40
-52.43%
ZBAO
Zhibao Technology Inc. Class A
0.23
-0.77
-77.27%
Reliance Global Group Corporate Events
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...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Reliance Global Group Regains Nasdaq Minimum Bid Compliance
Positive
Jun 3, 2026
On June 3, 2026, Reliance Global Group announced it had regained compliance with Nasdaq’s minimum bid price requirement after its stock closed at or above $1.00 for 10 consecutive business days from May 18 through June 1, 2026. This followed...
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Reliance Global Group Announces 1-for-40 Reverse Stock Split
Neutral
May 14, 2026
Reliance Global Group, Inc., a Nasdaq-listed InsurTech company, leverages AI-driven platforms to serve both independent insurance agencies and retail consumers, and also operates a strategic growth arm targeting high-growth technology companies. I...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingShareholder Meetings
Reliance Global Shareholders Approve Governance and Equity Measures
Positive
May 7, 2026
On May 6, 2026, Reliance Global Group, Inc. held its 2026 annual meeting of stockholders via webcast, with 45.13% of eligible shares represented, and stockholders elected five directors to serve until the 2027 annual meeting. Investors also ratifi...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Reliance Global Group Expands Into Radiopharmaceuticals with Investment
Positive
May 4, 2026
Reliance Global Group has formed LifeSci Global Group LLC as a majority-owned vehicle to invest in healthcare and early-stage life sciences companies, funding its deals via loans from the company and its subsidiary EIG. The move extends Reliance&#...
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.