Exzeo Group, Inc. (XZO) Income Statement
XZO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXZO revenue and net income
Where XZO's revenue goes
2025Each bar shows an amount and its share of revenue. XZO kept 38.1% of revenue as net income.
XZO profit margins
XZO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +62.0% | +68.2% | +59.0% | — |
| Gross profit | +147.8% | — | +85.7% | — |
| Operating income | +178.8% | — | — | — |
| Net income | +87.6% | — | — | — |
| EPS (diluted) | +100.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XZO quarterly EPS vs estimates
Exzeo beat the analyst EPS estimate in 5 of the last 5 quarters. Next report: December 9, 2026 (estimate $0.24).
XZO income statement
| 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Revenue | $217.0M | $133.9M | $88.3M | $45.6M | $51.7M | $21.3M |
| Cost of revenue | $86.0M | $81.1M | $71.4M | $71.9M | $49.6M | $15.4M |
| Gross profit | $131.0M | $52.9M | $17.0M | −$26.3M | $2.1M | $5.9M |
| Research & development | $8.8M | — | — | — | — | — |
| Sales, general & admin | $15.7M | $8.3M | $7.9M | $7.3M | — | — |
| Total operating expenses | $25.0M | $95.9M | $85.8M | $83.4M | — | — |
| Operating income | $106.0M | $38.0M | $2.6M | −$37.8M | −$8.7M | −$1.7M |
| Interest income | — | $2.8M | $1.7M | $853,000 | — | — |
| Interest expense | $0 | — | — | — | — | — |
| Income before taxes | $110.3M | $35.2M | $883,000 | −$38.6M | −$16.5M | −$8.5M |
| Income taxes | $27.5M | $9.2M | −$12.0M | $3.4M | −$4.0M | −$1.6M |
| Net income | $82.7M | $44.1M | $20.8M | −$54.7M | −$12.4M | −$6.9M |
| EBITDA | $113.2M | $40.4M | $4.8M | −$36.1M | −$7.6M | −$1.1M |
| EPS (diluted) | $0.98 | $0.49 | $0.27 | — | −$0.14 | — |
| Gross margin | 60.4% | 39.5% | 19.2% | −57.6% | 4.0% | 27.8% |
| Operating margin | 48.8% | 28.4% | 2.9% | −82.7% | −16.8% | −8.1% |
| Net margin | 38.1% | 32.9% | 23.5% | −119.9% | −24.0% | −32.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Sep '21 | Jun '21 | Mar '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57.8M | $55.5M | $53.3M | $55.2M | $56.1M | $52.4M | $44.5M | $29.1M | $32.4M | $27.6M | $20.0M | $14.8M |
| Cost of revenue | $20.9M | $23.7M | $19.2M | $22.4M | $22.5M | $23.6M | $25.8M | $18.0M | $34.6M | $24.0M | $18.0M | $17.0M |
| Gross profit | $36.8M | $31.9M | $34.1M | $32.7M | $33.6M | $28.8M | $18.7M | $11.1M | −$2.2M | $3.6M | $2.0M | −$2.1M |
| Research & development | $4.7M | $2.3M | $1.8M | $2.5M | $2.4M | $2.2M | $1.5M | $1.7M | — | — | — | — |
| Sales, general & admin | $5.8M | $5.2M | $6.2M | $3.9M | $5.7M | $2.7M | $1.5M | $2.6M | — | — | — | — |
| Total operating expenses | $8.4M | $6.8M | $7.3M | $5.5M | $5.4M | $28.6M | $3.1M | $22.4M | — | — | — | — |
| Operating income | $28.5M | $25.1M | $26.8M | $27.3M | $28.1M | $23.8M | $15.6M | $6.7M | −$6.5M | −$821,000 | −$548,000 | −$4.9M |
| Interest income | — | — | — | $1.1M | $1.2M | — | $201,000 | — | — | — | — | — |
| Interest expense | — | — | $0 | $0 | — | — | $8,000 | $15,000 | — | — | $90,000 | — |
| Income before taxes | $31.4M | $27.6M | $28.9M | $28.4M | $28.9M | $24.2M | $15.8M | $6.9M | −$10.3M | −$4.5M | −$3.8M | −$6.5M |
| Income taxes | $8.2M | $7.2M | $6.9M | $7.2M | $7.2M | — | $4.1M | — | −$2.4M | −$838,000 | −$635,000 | −$1.6M |
| Net income | $23.3M | $20.4M | $22.0M | $21.2M | $21.7M | $18.0M | $11.7M | $5.3M | −$7.1M | −$3.2M | −$3.0M | −$4.9M |
| EBITDA | $32.2M | $28.3M | $29.4M | $29.3M | $30.0M | — | $16.2M | — | −$6.2M | −$509,000 | −$261,000 | −$4.6M |
| EPS (diluted) | $0.26 | $0.22 | $0.25 | $0.25 | $0.48 | — | — | — | — | — | — | — |
| Gross margin | 63.7% | 57.4% | 64.0% | 59.4% | 59.8% | 55.0% | 42.0% | 38.2% | −6.9% | 13.1% | 10.1% | −14.4% |
| Operating margin | 49.3% | 45.2% | 50.3% | 49.4% | 50.1% | 45.4% | 35.0% | 23.1% | −20.2% | −3.0% | −2.7% | −33.2% |
| Net margin | 40.3% | 36.7% | 41.2% | 38.3% | 38.6% | 34.3% | 26.3% | 18.1% | −22.1% | −11.7% | −15.2% | −33.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XZO's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XZO financial results
In fiscal year 2025 (ended December 31, 2025), Exzeo reported revenue of $217.0 million, up 62.0% from the year before. It had net income of $82.7 million (up 87.6%), a net profit margin of 38.1%. Diluted earnings per share came to $0.98. Over five years revenue grew at an average rate of 59.0% a year.
See the XZO stock overview for the latest quote and news, or the XZO chart for price history and technical indicators.
XZO income statement FAQ
What is Exzeo's annual revenue?
Exzeo reported total revenue of $217.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 62.0% from $133.9 million the previous year.
Is Exzeo profitable?
Yes. Exzeo reported net income of $82.7 million in fiscal 2025, a net profit margin of 38.1%; its operating margin was 48.8%.
What is Exzeo's gross margin?
Exzeo's gross margin was 60.4% in fiscal 2025: for every $100 of revenue, Exzeo kept $60 after the direct cost of its products and services.
How much does Exzeo spend on research and development?
Exzeo spent $8.8 million on research and development in fiscal 2025, 4.1% of revenue.
How fast is Exzeo growing?
Revenue grew 59.0% a year on average over the last five fiscal years, from $21.3 million to $217.0 million.
What are Exzeo's earnings per share?
Exzeo earned $0.98 per diluted share in fiscal 2025, compared with $0.49 a year earlier.
When will Exzeo report its next earnings?
Exzeo is expected to report results for the quarter ending September 30, 2026 on December 9, 2026.
When does Exzeo's fiscal year end?
Exzeo's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.