Reliance Global Group (EZRA)
NASDAQ:EZRA
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Reliance Global Group
(NASDAQ:EZRA)
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Rating:49Neutral
Price Target:
$0.16
▼(-72.54% Downside)
Action:ReiteratedDate:03/27/26
The score is held down primarily by weak financial performance (persistent losses and negative operating/free cash flow) and bearish technicals (price below major moving averages with negative MACD). Partially offsetting this are improved liquidity/deleveraging and generally positive strategic actions highlighted in the earnings update and recent corporate events, plus a very high dividend yield.
Positive Factors
Balance-sheet de-risking
The Fortman divestiture materially reduced long-term debt (~50%) and boosted unrestricted cash and equity. Lower leverage improves financial flexibility and interest cost headroom, reducing refinancing risk and giving management runway to invest in operations or strategic initiatives over the next several quarters.
Negative Factors
Consistent negative operating cash flow
Sustained negative operating and free cash flow indicates the core business is not self-funding and necessitates ongoing external financing. This structural cash burn increases vulnerability to funding disruptions, limits reinvestment capacity, and raises long-term dilution and solvency risks if profitability isn't achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet de-risking
The Fortman divestiture materially reduced long-term debt (~50%) and boosted unrestricted cash and equity. Lower leverage improves financial flexibility and interest cost headroom, reducing refinancing risk and giving management runway to invest in operations or strategic initiatives over the next several quarters.
Read all positive factors
Reliance Global Group (EZRA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.55M
Dividend YieldN/A
Average Volume (3M)3.41M
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth-6.84%
EPS Growth97.23%
CountryUS
Employees64
SectorFinancial
Sector Strength70
IndustryInsurance - Brokers
Share Statistics
EPS (TTM)-0.13
Shares Outstanding21,253,014
10 Day Avg. Volume3,759,865
30 Day Avg. Volume3,413,808
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.43
Price to Sales (P/S)0.22
P/FCF Ratio-0.90
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue0.24
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-0.36
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. 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, 2...
How the Company Makes Money
Reliance Global Group generally earns revenue through insurance distribution economics associated with agency and brokerage operations. The core revenue stream is commissions and fees generated when the company (or its agents) places insurance pol...
Reliance Global Group Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
38
Negative
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.43M | 14.05M | 13.73M | 11.76M | 9.71M |
| Gross Profit | 0.00 | 2.64M | 2.50M | 1.11M | 2.61M |
| EBITDA | -7.68M | -5.70M | -5.76M | 25.04M | -1.31M |
| Net Income | -6.99M | -9.07M | -12.01M | 6.47M | -21.10M |
Balance Sheet | |||||
| Total Assets | 13.55M | 17.32M | 23.02M | 38.43M | 27.68M |
| Cash, Cash Equivalents and Short-Term Investments | 1.32M | 372.69K | 1.33M | 505.41K | 4.14M |
| Total Debt | 2.26M | 13.03M | 14.54M | 17.57M | 9.43M |
| Total Liabilities | 7.12M | 14.32M | 15.87M | 29.52M | 53.74M |
| Stockholders Equity | 6.43M | 3.00M | 7.15M | 8.91M | -26.07M |
Cash Flow | |||||
| Free Cash Flow | -3.11M | -2.60M | -1.04M | -3.99M | -2.94M |
| Operating Cash Flow | -3.09M | -2.52M | -847.97K | -3.19M | -2.25M |
| Investing Cash Flow | 5.33M | -83.23K | 710.19K | -24.64M | -2.30M |
| Financing Cash Flow | -1.30M | 1.66M | 966.92K | 25.12M | 8.64M |
Reliance Global Group Technical Analysis
Negative
0.59
Price Trends
0.24
Negative
0.46
Negative
0.80
Negative
Market Momentum
-0.03
Negative
39.69
Neutral
6.37
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 0.20, above the 50-day MA of 0.24, and below the 200-day MA of 0.80, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 39.69 is Neutral, neither overbought nor oversold. The STOCH value of 6.37 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% | |
55 Neutral | $39.77M | 3.50 | 4.33% | ― | 16.79% | ― | |
49 Neutral | $3.55M | -0.50 | -148.13% | ― | -6.84% | 97.23% | |
46 Neutral | $16.65M | 0.17 | 4.56% | ― | 19.30% | -17.56% | |
41 Neutral | $25.02M | -0.09 | -87.95% | ― | 7.56% | -344.04% | |
41 Neutral | $26.28M | -3.87 | ― | ― | 80.80% | ― |
* Financial Sector Average
EZRA
Reliance Global Group
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Reliance Global Group Corporate Events
Business Operations and StrategyProduct-Related Announcements
Reliance Global Unveils RELI Exchange 2.0 InsurTech Upgrade
Positive
Mar 27, 2026
On March 25, 2026, Reliance Global Group launched RELI Exchange 2.0, an upgraded version of its InsurTech platform for independent insurance agencies, aimed at expanding recruiting capacity and improving execution. The move follows strong momentum...
Business Operations and StrategyLegal ProceedingsPrivate Placements and FinancingRegulatory Filings and Compliance
Reliance Global Restates Governance and Extends Capital Commitment
Positive
Mar 17, 2026
On March 13 and March 11, 2026, Reliance Global Group, Inc. entered into two settlement agreements resolving disputes tied to prior stock purchase transactions, under which investors had acquired 1,333,334 common shares each for $100,000 and alleg...
Executive/Board Changes
Reliance Global Grants One-Time Bonus to Chief Financial Officer
Positive
Mar 2, 2026
On March 2, 2026, the Compensation Committee of Reliance Global Group, Inc. approved and ratified a one-time compensation arrangement for Chief Financial Officer Joel Markovits. Under the decision, Mr. Markovits received a one-time cash bonus of $...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Reliance Global Group Advances Post-Quantum Cybersecurity Strategy
Positive
Feb 25, 2026
On February 23, 2026, Reliance Global Group closed the initial phase of its acquisition of Enquantum Ltd., a post-quantum cryptography company developing hardware-accelerated, NIST-aligned quantum-resilient encryption solutions for high-performanc...
Business Operations and StrategyM&A Transactions
Reliance Global to Acquire Control of Enquantum Cybersecurity
Positive
Feb 10, 2026
On February 5, 2026, Reliance Global Group signed a share purchase agreement to acquire, over time and subject to milestones, a 51% controlling stake in Enquantum, a post-quantum cryptography firm focused on hardware-accelerated, NIST-aligned, qua...
Private Placements and FinancingRegulatory Filings and Compliance
Reliance Global Updates At-The-Market Equity Offering Program
Neutral
Feb 9, 2026
On February 6, 2026, Reliance Global Group filed Amendment No. 3 to its August 13, 2025 prospectus supplement with the U.S. Securities and Exchange Commission, updating its at-the-market offering of common stock under an existing agreement with H....
Business Operations and StrategyPrivate Placements and Financing
Reliance Global Group Completes $2 Million Public Offering
Neutral
Feb 3, 2026
On January 29, 2026, Reliance Global Group closed a previously announced public offering of 7,407,408 shares of common stock (or pre-funded warrants) together with 14,814,816 common warrants, raising approximately $2 million in gross proceeds at a...
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.