Exzeo Group, Inc. XZO
We provide turnkey insurance technology and operations solutions to P&C insurance carriers and their agents through a proprietary platform of purpose‑built software and data analytics applications. Our Exzeo Platform consists of a suite of configurable applications designed to support the core operational and administrative functions required by P&C carriers, including quoting and underwriting, policy administration, claims management, data reporting, and financial reporting.
The Exzeo Platform enables us to deliver technology based solutions that streamline and automate the interaction between carriers, agents, and policyholders. Our applications are designed to improve workflow efficiency, support underwriting discipline, enhance operational visibility, and enable customers to scale their businesses without significant upfront technology investment.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $217.0M | $133.9M | $88.3M | — |
| Cost of revenue | $86.0M | $80.7M | $71.1M | — |
| Gross profit | $131.0M | $53.2M | $17.3M | — |
| R&D | $8.8M | $6.5M | $6.5M | — |
| SG&A | $15.7M | $8.3M | $7.9M | — |
| Total operating expenses | $25.0M | $15.2M | $14.7M | — |
| Operating income | $106.0M | $38.0M | $2.6M | — |
| Pre-tax income | $110.3M | $35.2M | $883.0K | — |
| Income tax | $27.5M | $9.2M | $12.0M | — |
| Net income | $82.7M | $45.3M | $21.5M | — |
| EPS, basic | 0.99 | 0.44 | 0.15 | — |
| EPS, diluted | 0.99 | 0.44 | 0.15 | — |
| Shares, diluted (wtd. avg.) | $80.2M | $77.5M | $76.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $305.4M | $54.5M | $15.1M | $15.3M |
| Receivables | $2.9M | $0 | — | — |
| Total current assets | $325.8M | $67.2M | — | — |
| Property, plant and equipment | $10.7M | $10.8M | — | — |
| Total assets | $347.7M | $89.4M | — | — |
| Accounts payable | $3.0M | $2.1M | — | — |
| Total current liabilities | $84.4M | $56.4M | — | — |
| Total liabilities | $93.6M | $73.9M | — | — |
| Retained earnings | $25.4M | -$57.3M | — | — |
| Total equity | $254.2M | $15.5M | -$25.3M | -$43.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $100.3M | $49.3M | $10.2M | — |
| Depreciation and amortisation | $2.4M | $2.2M | $1.9M | — |
| Stock-based compensation | $2.6M | $3.4M | $2.9M | — |
| Capital expenditure | $2.8M | $3.3M | $3.2M | — |
| Investing cash flow | -$2.8M | -$3.3M | -$3.2M | — |
| Financing cash flow | $153.6M | -$6.4M | -$7.1M | — |
| Buybacks | $1.5M | $481.0K | $352.0K | — |
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 0001193125-26-076686.
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