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
Last close
2.18
2026-10-23
Market cap
$2.2M
2026-06-30 share count
52-week range
1.75 - 17.20
Valuation FY2025 figures against the last close
P/S0.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield17.8%
Diluted EPS-1.28
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 | 165,899 | 1.1M | 673,137 | 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.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $4.5M | $7.3M | $9.7M | $11.8M | $13.7M | $14.1M | $12.4M |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | -$3.5M | -$3.7M | -$21.1M | $6.5M | -$12.0M | -$9.1M | -$7.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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