Reliance Global Group, Inc. EZRA
Global Group, Inc. ("Reliance," "we", "us", or the "Company") was incorporated in Florida
on August 2, 2013 under the name Ethos Media Network, Inc. In September 2018, Reliance Global Holdings, LLC, a related party, acquired
a controlling interest in the Company. On October 18, 2018, the Company changed its name to Reliance Global Group, Inc. Effective January 26, 2026, we changed our ticker symbol on the Nasdaq Capital Market from "RELI" to
operate as a holding company that acquires, owns, and actively manages insurance and technology-focused businesses. Historically, our
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.4M | $14.1M | $13.7M | $11.8M | $9.7M | $7.3M | $4.5M | — |
| SG&A | $4.9M | $4.2M | $4.1M | $5.0M | $3.6M | $4.2M | $3.6M | — |
| Total operating expenses | $21.4M | $21.7M | $27.6M | $18.3M | $12.6M | $10.9M | $7.6M | — |
| Operating income | -$9.0M | -$7.7M | -$13.9M | -$6.6M | -$2.9M | -$3.6M | -$3.1M | — |
| Interest expense | $1.0M | — | — | — | — | — | — | — |
| Pre-tax income | -$7.0M | -$9.1M | — | — | — | — | — | — |
| Net income | -$7.0M | -$9.1M | -$12.0M | $6.5M | -$21.1M | -$3.7M | -$3.5M | — |
| EPS, basic | -1.28 | -9.01 | -87.70 | -0.42 | -31.34 | — | — | — |
| EPS, diluted | -1.28 | -9.01 | -87.70 | -0.42 | -2.09 | -0.88 | -1.21 | — |
| Shares, diluted (wtd. avg.) | $5.5M | $1.0M | $165.9K | $1.1M | $673.1K | $4.2M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | — | $530.0K | — | — |
| Receivables | — | — | — | $1.1M | $1.0M | $862.6K | $103.8K | — |
| Total current assets | $4.3M | $4.0M | $4.4M | $3.3M | $8.0M | $1.4M | $647.0K | — |
| Property, plant and equipment | $77.2K | $133.9K | $140.0K | $162.8K | $130.4K | $79.2K | $592.3K | — |
| Goodwill | $4.8M | $6.7M | $6.7M | $14.3M | $10.1M | $8.8M | $8.5M | $1.7M |
| Other intangibles | $3.4M | $5.4M | $11.0M | $13.4M | $7.1M | $6.0M | $6.6M | — |
| Total assets | $13.5M | $17.3M | $23.0M | $38.4M | $27.7M | $18.0M | $17.0M | — |
| Accounts payable | $496.6K | $937.0K | $635.3K | $747.5K | $547.1K | $980.9K | $102.1K | — |
| Short-term debt | $1.0M | $1.6M | $1.4M | $1.1M | $913.9K | $963.5K | $1.0M | — |
| Total current liabilities | $2.4M | $3.6M | $3.2M | $7.8M | $45.0M | $6.9M | $4.7M | — |
| Long-term debt | $4.1M | $9.5M | $11.0M | $12.3M | $7.1M | $7.9M | $8.3M | — |
| Total liabilities | $7.1M | $14.3M | $15.9M | $29.5M | $53.7M | $18.1M | $16.4M | — |
| Retained earnings | -$55.1M | -$48.1M | -$39.0M | -$27.0M | -$33.5M | -$12.4M | -$8.8M | — |
| Total equity | $6.4M | $3.0M | $7.1M | $8.9M | -$26.1M | -$63.0K | $747.3K | -$300.1K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.1M | -$2.5M | -$848.0K | -$3.2M | -$2.3M | -$468.5K | -$373.9K | — |
| Depreciation and amortisation | $1.3M | $1.8M | $2.6M | $2.6M | $1.6M | $23.5K | $94.5K | — |
| Stock-based compensation | $4.8M | $533.6K | $875.1K | $1.2M | $749.1K | $1.5M | $1.0M | — |
| Capital expenditure | $15.9K | $24.3K | $22.9K | $61.5K | $71.1K | — | $562.3K | — |
| Investing cash flow | $5.3M | -$83.2K | $710.2K | -$24.6M | -$2.3M | -$1.9M | -$11.9M | — |
| Financing cash flow | -$1.3M | $1.7M | $966.9K | $25.1M | $8.6M | $2.5M | $12.6M | — |
| Dividends paid | $388.4K | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-012912.
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