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Reliance Global Group
(NASDAQ:RELI)
Reliance Global Group (RELI) vs. SPDR S&P 500 ETF (SPY)
Reliance Global Group Business Overview & Revenue Model
Reliance Global Group Earnings Call Summary
Reliance Global Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.21M | 14.05M | 13.73M | 16.76M | 9.71M | 7.28M |
| Gross Profit | 3.69M | 2.64M | 2.50M | 4.78M | 2.61M | 2.06M |
| EBITDA | -2.35M | -5.70M | -5.76M | -3.94M | -1.31M | -2.30M |
| Net Income | -5.46M | -9.07M | -12.01M | 34.63M | -38.75M | -3.19M |
Balance Sheet | ||||||
| Total Assets | 16.82M | 17.32M | 23.02M | 38.43M | 27.68M | 17.92M |
| Cash, Cash Equivalents and Short-Term Investments | 388.38K | 372.69K | 1.33M | 505.41K | 4.14M | 45.21K |
| Total Debt | 12.93M | 13.03M | 14.54M | 16.37M | 9.43M | 13.97M |
| Total Liabilities | 14.21M | 14.32M | 15.87M | 29.52M | 53.74M | 17.81M |
| Stockholders Equity | 2.62M | 3.00M | 7.15M | 8.91M | -26.07M | 114.39K |
Cash Flow | ||||||
| Free Cash Flow | -2.18M | -2.60M | -1.04M | -3.99M | -2.94M | -468.46K |
| Operating Cash Flow | -2.11M | -2.52M | -847.97K | -3.19M | -2.25M | -468.46K |
| Investing Cash Flow | -68.73K | -83.23K | 710.19K | -24.64M | -2.30M | -1.95M |
| Financing Cash Flow | 1.88M | 1.66M | 966.92K | 25.12M | 8.64M | 2.45M |
Reliance Global Group Technical Analysis
Reliance Global Group Risk Analysis
Reliance Global Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.06B | 11.97 | 10.24% | 3.74% | 9.75% | 1.30% | |
54 Neutral | $32.15M | 10.97 | 48.31% | ― | 80.80% | ― | |
52 Neutral | $26.13M | 11.44 | -3.92% | ― | 0.48% | -127.19% | |
48 Neutral | $120.70M | ― | 4.45% | ― | 16.19% | 89.75% | |
45 Neutral | $78.18M | ― | -13.38% | ― | 17.46% | 60.17% | |
41 Neutral | $276.31M | ― | -11.18% | ― | 624.24% | 85.46% | |
38 Underperform | $3.76M | ― | -223.86% | ― | 1.07% | 96.67% |
Reliance Global Group Corporate Events
On August 26, 2025, Reliance Global Group, Inc. entered into a Common Stock Purchase Agreement with White Lion Capital, LLC, allowing the company to sell up to $10 million of newly issued common stock to White Lion. The agreement includes conditions such as an Exchange Cap and Beneficial Ownership Limitation to regulate the stock issuance. Additionally, a Registration Rights Agreement was established to facilitate the resale of shares by White Lion, with the company committing to file a registration statement within ten business days. This strategic move is expected to provide Reliance Global Group with financial flexibility and potentially enhance its market position.
On August 19, 2025, Reliance Global Group, Inc. released an updated investor presentation to be used in meetings with investors and analysts. This presentation, which is not filed under the Securities Exchange Act, contains forward-looking statements about the company’s strategy and future operations, highlighting potential risks and uncertainties that could impact actual results.
On August 13, 2025, Reliance Global Group, Inc. entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC, allowing the company to sell up to $2,026,453 of its common stock through the agent. This agreement, underpinned by an effective registration statement and prospectus supplement, involves sales through Nasdaq or other markets and grants Wainwright a right of first refusal for future financial advisory roles, impacting the company’s strategic financial operations.
On July 22, 2025, Reliance Global Group, Inc. and Spetner Associates, Inc. mutually agreed to terminate their Stock Exchange Agreement originally dated May 14, 2024. The termination allows Reliance Global Group to explore a revised acquisition structure and alternative financing options that align with its strategic goals, without incurring any early termination penalties. The company will also assess the accounting treatment of shares previously issued as non-refundable deposits.
On July 18, 2025, Reliance Global Group, Inc. announced adjustments to the compensation for its non-employee directors, increasing their annual cash retainers and providing additional fees for committee chairs. The directors also received restricted stock units (RSUs) under the company’s 2025 Equity Incentive Plan, which vested on July 23, 2025. Additionally, the company’s executive officers were granted RSUs, with vesting scheduled in bi-monthly installments starting October 15, 2025. These changes reflect the company’s efforts to align director and executive compensation with market standards and incentivize leadership.
On July 7, 2025, Reliance Global Group completed the sale of its subsidiary, Fortman Insurance Services, for $5 million. This transaction is part of Reliance’s strategy to monetize non-core assets and strengthen its financial position. The proceeds were used to reduce the company’s outstanding debt by approximately 50%, significantly decreasing its annual debt service obligations. Additionally, the company announced an increase in the CEO’s salary and a bonus, reflecting the successful execution of its strategic initiatives. The sale of Fortman Insurance Services is expected to enhance Reliance’s financial flexibility and support its long-term growth strategy.
On June 24, 2025, Reliance Global Group, Inc. amended its Revolving Credit Facility Agreement with YES Americana Group, LLC, increasing the loan commitment from $600,000 to $2,000,000. This amendment, along with a corresponding Note Amendment, signifies a substantial enhancement in the company’s financial flexibility, potentially impacting its operational capabilities and market positioning.
On June 18, 2025, Reliance Global Group, Inc. announced a securities purchase agreement with an accredited investor for a private placement involving pre-funded warrants and warrants, resulting in approximately $2.5 million in gross proceeds, with potential additional proceeds of $4.25 million if all warrants are exercised. The company plans to use the proceeds for working capital and general corporate purposes, and has entered into a registration rights agreement to facilitate the resale of shares. The private placement, priced at-the-market under Nasdaq rules, aims to strengthen Reliance’s financial position and support its growth strategy in the InsurTech and insurance agency sectors.
On June 17, 2025, Reliance Global Group announced its intention to sell its subsidiary, Fortman Insurance Agency, for $5 million in cash. This strategic move is part of Reliance’s plan to acquire Spetner Associates, a rapidly growing insurance platform, which is expected to enhance the company’s operations and shareholder value. The sale of Fortman, which has been improved and monetized since its acquisition, underscores Reliance’s disciplined capital allocation and commitment to growth.
On June 16, 2025, Reliance Global Group, Inc. announced that it filed a request with the Securities and Exchange Commission to withdraw its Registration Statement on Form S-1, indicating that it no longer plans to pursue a public offering at this time. This decision may impact the company’s financial strategies and market positioning, as it shifts focus away from the public offering initially planned.