Reliance Global Group (EZRA) AI Stock Analysis

• Market Cap: $2.46M
• Dividend Yield: N/A
• Average Volume (3M): 3.41M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.43
• 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: 2.82
• Enterprise Value/Revenue: 0.53
• Enterprise Value/Gross Profit: -3.65
• Enterprise Value/Ebitda: -1.60
• 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: $0.22 ▼(-62.54% Downside)

The score is held down primarily by weak financial performance (ongoing losses and negative cash flow) and a bearish technical trend (price below all key moving averages with negative MACD). Balance-sheet improvements from divestitures and debt reduction, plus constructive strategic actions discussed on the earnings call, provide some support, but valuation remains difficult to underwrite due to losses and the listing-compliance overhang adds risk.

Positive Factors

Debt reduction via divestiture

A roughly 50% cut in long-term debt from the Fortman sale materially lowers fixed obligations and interest burden, improving financial flexibility. This durable balance-sheet repair increases runway for strategic investments and reduces refinancing risk while operations are still loss-making.

Strengthened liquidity and equity

A large increase in unrestricted cash and roughly 125% growth in shareholder equity provide meaningful buffer against operating volatility. Improved liquidity and working capital expansion support ongoing restructuring and product rollouts without immediate dependence on dilutive financing.

Scalable policy growth via RELI Exchange

A 72% YoY rise in policies written through RELI Exchange indicates scalable distribution and product-market fit in the core insurance segment. Durable policy growth can translate into recurring revenue, higher lifetime value, and operating leverage as the platform and service center scale over quarters.

Negative Factors

Negative cash generation

Consistent negative operating and free cash flow shows the business is not self-funding and remains reliant on asset sales or external financing. Over multiple quarters this erodes optionality, increases refinancing needs, and constrains investment in technology and distribution required for durable growth.

Declining revenue and persistent losses

Falling revenue and recurring net losses indicate weak core profitability and limited ability to convert gross margins into operating earnings. Persistent losses suppress returns on equity and limit reinvestment capacity, risking long-term viability unless revenue trends and cost structure sustainably improve.

Listing-compliance and execution overhang

A formal Nasdaq compliance issue creates structural execution risk and potential market-access constraints. Management may face pressure to pursue short-term fixes or dilutive actions, which can distract from operational improvement and complicate longer-term capital-raising and strategic initiatives.

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

Financials remain strained: revenue is declining and profitability is deeply negative, with losses persisting and ROE strongly negative. Cash flow is also consistently negative, indicating ongoing cash burn. The main offset is balance sheet repair (meaningful debt reduction and positive equity), but leverage and continued operating losses still limit financial flexibility.

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	Dec 2021	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: Positive
• RSI: Positive
• 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 0.45, above the 50-day MA of 0.57, and below the 200-day MA of 0.98, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 26.27 is Positive, neither overbought nor oversold. The STOCH value of 15.72 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	$87.06M	76.28	5.88%	―	16.79%	―
HUIZ	46 Neutral	$20.88M	8.30	4.56%	―	19.30%	-17.56%
GOCO	44 Neutral	$34.76M	-0.14	-142.05%	―	7.56%	-344.04%
EZRA	43 Neutral	$2.46M	-0.10	-146.43%	―	-6.84%	97.23%
TIRX	43 Neutral	$2.44M	-0.02	-11.18%	―	624.24%	85.46%
ZBAO	41 Neutral	$33.27M	-3.85	―	―	80.80%	―