One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Reliance Global Group, Inc.
EZRA · NCM · Financial Services · Insurance Brokers
Current price
$2.68
52-week range
$1.75 - $53.20
Market cap
$2.20M
Balance sheet
Distressed
-8.64x Concerning
Net debt $4.43M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
2 Risks
1 rewards · 2 risks
- Reward Trades at 0.9x P/E vs peer median 4.4x (80.2% cheaper).
- Risk Return on equity was -123.5% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from -55.9% to -86.4% over 3 years.
What this company does
Reliance Global Group, Inc.
Reliance Global Group is a technology company focused on making it easier to buy and sell insurance. It primarily makes money by offering software and tools to independent insurance agents (a 'business-to-business' model, where a company sells to other companies) and by selling insurance policies directly to customers through its website. The company's success depends on whether its technology can make the often-complicated process of buying insurance simpler for both insurance professionals and regular people.
How the company got here
The company started in 2013 under a different name and switched to Reliance Global Group in 2018. [6, 7] It grew by purchasing smaller, independent insurance agencies across the United States. [3, 4] Recently, the company began a major strategic shift, creating a new division to invest in technology companies. To reflect this new direction, it changed its stock market ticker symbol from RELI to EZRA in early 2026. [5]
What it actually does
Reliance Global Group operates in the insurance industry, using technology to make buying and selling insurance more efficient. The company acquires and manages traditional insurance agencies, but its main focus is on its technology platforms. [6, 7] These platforms provide tools for insurance agents to better run their businesses and also allow customers to buy insurance directly online. [1, 2] Recently, the company expanded its focus to also acquire and grow technology businesses in other industries like cybersecurity and medical tech. [5, 24]
RELI Exchange
This is a technology platform designed for independent insurance agents, which is a business-to-business model. It provides agents with modern software and tools, helping them compete with much larger insurance firms without the high costs of building their own technology. [1, 5] Agents who join the network can run their own branded business while RELI Exchange provides the powerful operational support behind the scenes. [1] This segment makes money by providing these valuable services and infrastructure to its network of agency partners.
5MinuteInsure.com
This is the company's direct-to-consumer business, where regular people can shop for insurance online. [2, 3] The website uses artificial intelligence (AI) to help you compare prices and purchase policies like car and home insurance from multiple carriers very quickly. [11, 12] The goal is to simplify the often slow process of buying insurance, allowing a customer to get coverage in just a few minutes. [2] This part of the company earns revenue, typically through commissions (a fee paid for selling a policy), from the insurance companies whose products are sold on the platform.
Owned Insurance Agencies
Beyond its tech platforms, the company owns and operates a portfolio of traditional retail insurance agencies. [9, 26] These are the local, "brick-and-mortar" offices you might see in a town that serve their communities directly. They offer a wide range of insurance products, from home and auto to health and life insurance. [6] This segment provides a stable, cash-generating foundation for the company's newer, technology-focused ventures. [5]
EZRA International Group
This is the newest and most distinct part of the company, acting as a strategic investment division. [22, 26] Its business is to acquire controlling stakes (owning more than 50% of a company) in technology businesses outside of the core insurance operations. [25] The initial focus is on innovative companies in fields like cybersecurity, artificial intelligence, and medical technology. [24] This segment represents a small but potentially high-growth part of the company, aiming to generate significant value by helping these tech companies grow. [26]
What management is betting on now
Management's primary focus is on growing the new EZRA International Group by acquiring promising technology companies. [9, 22] Their strategy, called "Scale51," is to buy a controlling interest in these companies and use their expertise to help them expand into large markets like the United States. [25] They believe this will create more value for shareholders (the people who own the company's stock) than just sticking to the insurance business. [26] The company plans to use the steady cash flow (money left after paying operating costs) from its insurance businesses to fund these new technology investments. [5]
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-761.93K
FY2024 Q4
$-872.46K
FY2025 Q1
$192.52K
FY2025 Q2
$-856.74K
FY2025 Q4
$-1.63M
FY2026 Q2
$-1.66M
Revenue
$2.11M
Net income
$-1.99M
Diluted EPS
-3.26
Operating cash flow
$-1.66M
Free cash flow
$-1.66M
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Sources
Revenue
$3.83M
Net income
$-1.47M
Diluted EPS
-0.09
Operating cash flow
$-571.17K
Free cash flow
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Sources
Revenue
$2.61M
Net income
$-1.38M
Diluted EPS
0.43
Operating cash flow
$-1.63M
Free cash flow
$-1.63M
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Sources
Revenue
—
Net income
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Diluted EPS
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Operating cash flow
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Free cash flow
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Sources
Revenue
$3.09M
Net income
$-2.71M
Diluted EPS
-0.85
Operating cash flow
$-852.51K
Free cash flow
$-856.74K
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Sources
Revenue
$4.24M
Net income
$-1.74M
Diluted EPS
-0.66
Operating cash flow
$197.83K
Free cash flow
$192.52K
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Sources
Revenue
$3.30M
Net income
$-1.40M
Diluted EPS
-4.77
Operating cash flow
$-867.24K
Free cash flow
$-872.46K
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Sources
Revenue
$3.44M
Net income
$-837.31K
Diluted EPS
-0.67
Operating cash flow
$-758.29K
Free cash flow
$-761.93K
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Sources
Is it cheap or expensive?
Fair value — vs current price $2.68
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $4.4M. Interest coverage -8.6x.
Net debt
$4.43M
Interest coverage
-8.64x
Reliance Global Group, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
EZRA
BASELINE
Reliance Global Group, Inc.
Total debt $5.27M Interest coverage -8.64x This is the baseline the peer rows are being compared against.
Total debt $8.20M Interest coverage -16.20x Neither company has much profit cushion over interest right now.
Total debt $12.15M Interest coverage 2.08x This peer still has a real interest-payment cushion, while EZRA does not.
Total debt $132.17M Interest coverage 6.37x This peer still has a real interest-payment cushion, while EZRA does not.
Total debt $12.94M Interest coverage -431.05x Neither company has much profit cushion over interest right now.
Total debt $398.02M Interest coverage 1.66x This peer still has a real interest-payment cushion, while EZRA does not.
What you should know
The case for and against EZRA
1 Reward
2 Risks
Rewards
-
Trades at 0.9x P/E vs peer median 4.4x (80.2% cheaper).
Risks
-
Return on equity was -123.5% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from -55.9% to -86.4% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
0.87x
Forward P/E
—
P/B
0.33x
P/S
0.20x
EV/EBITDA
-0.99x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
-20.1%
Operating margin
-86.4%
Net margin
-54.3%
ROE
-123.5%
ROA
-33.8%
Health
Liquidity and balance-sheet strength
Debt / equity
0.79x
Current ratio
1.64x
Quick ratio
0.84x
Total debt
$5.27M
Total cash
$843.51K
Growth
How the business has been compounding
Revenue TTM
$11.05M
Revenue 5Y CAGR
6.4%
EPS TTM
3.07
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-4.67M
Free CF TTM
$-3.11M
FCF margin
-28.2%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
2025-10-30