Reliance Global Group, Inc. (EZRA) AI Stock Analysis
EZRA AI stock analysis summary
AI ResearchReliance Global Group, Inc. (EZRA) operates InsurTech platforms and insurance distribution agencies across the United States. In FY2025, revenue fell 11.6% to $12.4M while net income remained negative at -$7.0M, reflecting ongoing operational losses. The company holds a micro-cap valuation of $3.8M following a 93.0% decline in its share price over the past year.
- Market cap
- $3.8M
- Revenue (TTM)
- $11.0M
- P/E
- —
- 1Y return
- -93.0% S&P 500 16.8%
- Avg. target
- —
Bull case
- Revenue expanded from $9.7M in FY2021 to $14.1M in FY2024, resulting in a 5-year revenue CAGR of 11.2% from FY2020 to FY2025.
- The stock trades at a price-to-sales multiple of 0.3x, compared to the 3.2x median of its US-listed Financial Services peers.
- Company insiders maintain alignment with the business by holding a 20.7% equity ownership stake.
Bear case
- The stock has experienced steep losses, dropping 93.0% over the past year and 100.0% over the trailing 5-year period.
- Operating cash outflows persisted in FY2025, with operating cash flow at -$3.1M and free cash flow at -$3.1M.
- Cash reserves of $843,513 are outweighed by total debt of $5.3M as of June 30, 2026.
What Reliance Global does
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 support insurance agents and agencies through technology-enabled tools and operational infrastructure. It also runs 5MinuteInsure.com, a direct-to-consumer platform that allows consumers to compare, quote, and bind insurance products online. Reliance Global Group provides onboarding training and mentorship resources for agents, marketing services, and agency services spanning healthcare, life, bond, auto, and property and casualty insurance products.
Growth and profitability
Reliance Global Group generated revenue of $9.7M in FY2021, which expanded to $11.8M in FY2022, $13.7M in FY2023, and peaked at $14.1M in FY2024 before declining 11.6% to $12.4M in FY2025. Between FY2020 and FY2025, revenue achieved a 5-year CAGR of 11.2%. Gross margin deteriorated to -20.0% in FY2025 from 18.8% in FY2024 and 26.9% in FY2021. Net income was -$21.1M in FY2021, $6.5M in FY2022, -$12.0M in FY2023, -$9.1M in FY2024, and -$7.0M in FY2025. For the trailing twelve months ended June 30, 2026, revenue was $11.0M, with quarterly revenue falling 31.6% year-over-year and operating margin at -86.4%.
Balance sheet and cash flow
As of June 30, 2026, Reliance Global Group held $843,513 in cash and short-term investments against total debt of $5.3M, yielding net debt of $4.4M. Total assets stood at $12.9M and shareholders' equity was $6.7M, supporting a current ratio of 1.63 and a debt-to-equity ratio of 0.79. Operating cash flow in FY2025 was -$3.1M, leading to free cash flow of -$3.1M. FY2025 cash uses included capital expenditures of $15,901 and dividends paid of $388,379, while share count increased 8618.6% over 5 years.
Valuation and performance
Reliance Global Group carries a market capitalization of $3.8M and an enterprise value of $6.5M. The stock trades at a price-to-sales multiple of 0.3x and an EV to revenue multiple of 0.6x, compared to the median of its US-listed Financial Services peers of 3.2x for price-to-sales. Its price-to-book ratio is 0.3x. The stock has underperformed the broader market, dropping 93.0% over the past year while the S&P 500 (SPY) returned 16.8%. Over a 5-year period, the stock dropped 100.0% compared to an 83.0% gain for the S&P 500.
What analysts expect
Reliance Global Group has limited Wall Street coverage, with no published analyst ratings, consensus price targets, or forward financial estimates available. The company has recorded 2 EPS beats out of the last 4 quarters. Its trailing twelve-month EPS is -$8.53, following an EPS of -$73.63 in FY2025. Without formal consensus estimates or a scheduled next earnings date, market expectations remain tied directly to quarterly filings and updates regarding its InsurTech operations.
Key risks and what to watch
- Revenue in the quarter ended June 30, 2026, declined 31.6% year-over-year, reflecting top-line pressure.
- Shareholder dilution has been substantial, with total share count increasing 8618.6% over 5 years.
- Operating profitability remains depressed, reflected in a trailing twelve months operating margin of -86.4% and net profit margin of -54.3%.
- Net debt of $4.4M limits balance sheet flexibility given negative free cash flow of -$3.1M in FY2025.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this EZRA AI stock analysis
This page is an AI-written research summary of Reliance Global Group, Inc. (EZRA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: EZRA income statement, EZRA balance sheet, EZRA key metrics, EZRA chart. See the EZRA stock overview for the latest quote and news.
EZRA AI stock analysis FAQ
What does Reliance Global Group do?
Reliance Global Group, Inc. operates B2B and direct-to-consumer InsurTech platforms, including RELI Exchange and 5MinuteInsure.com, alongside insurance agency services across healthcare, life, auto, and property and casualty products.
What was Reliance Global Group's revenue in FY2025?
In FY2025, Reliance Global Group generated $12.4M in revenue, down 11.6% from $14.1M in FY2024. Over the trailing twelve months ended June 30, 2026, revenue stood at $11.0M.
How much cash and debt does Reliance Global Group have?
As of June 30, 2026, the company held $843,513 in cash and short-term investments and $5.3M in total debt, resulting in net debt of $4.4M. Its current ratio was 1.63 and debt-to-equity ratio was 0.79.
Who owns Reliance Global Group stock?
Insiders hold 20.7% of the company's shares, institutional investors own 3.0%, and short interest represents 0.5% of the float.