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Reliance Global Group (EZRA) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Jul 30, 2026 · Reliance Global Group (EZRA) Q2 2026 earnings results →
Q2 2026 Revenue down 32% year over year to $2.1M · 94¢ of every $1 of revenue lost · operating margin -86.4%
Reliance Global Group made $2.1M in Q2 2026 (-32% Y/Y). Operating margin -86.4%, net loss $2.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.1M in Q2 2026, down 32% year over year and down 45% from the previous quarter.
Operating costs exceeded revenue by $1.8M, an operating margin of -86.4%. Total costs fell 28% while revenue fell 32%. The fastest-growing cost line was Sales & marketing (+94%). The quarter ended with a net loss of $2.0M, wider than the previous quarter's $1.5M loss. Minority interests bore $3K of it: to shareholders the quarter was a loss of $2.0M.
Operating cash flow was −$1.7M. Non-cash charges added back $253K of depreciation and amortization and $16K of share-based compensation.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Jul 30, 2026 | $2.1M | -32% | -86.4% | −$2.0M | −$1.7M |
| Q1 2026 | 10-Q | May 7, 2026 | $3.8M | -10% | -32.4% | −$1.5M | −$571K |
| Q4 2025 | 10-K | Mar 10, 2026 | $2.6M | -21% | -50.5% | −$1.4M | −$1.6M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $2.5M | -28% | -156.8% | −$1.2M | −$814K |
| Q2 2025 | 10-Q | Jul 30, 2025 | $3.1M | -4% | -76.8% | −$2.7M | −$853K |
| Q1 2025 | 10-Q | May 14, 2025 | $4.2M | +4% | -33.2% | −$1.7M | $198K |
| Q4 2024 | 10-K | Mar 7, 2025 | $3.3M | -0.7% | -30.5% | −$1.4M | −$867K |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Reliance Global Group
Reliance 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 “EZRA.” We operate as a holding company that acquires, owns, and actively manages insurance and technology-focused businesses. Historically, our primary focus has been the acquisition and operation of wholesale and retail insurance agencies, together with the development of proprietary InsurTech platforms designed to enhance distribution efficiency, scalability, and operational integration.
In its own words, from its 10-K, filed Mar 10, 2026.
Reliance Global Group against its Insurance Agents, Brokers & Service peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -32% against the peers' median +7%. Operating margin: -86.4% against the peers' median 17.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EZRA Reliance Global Group | Q2 2026 | $2.1M | -32% | -86.4% |
| MRSH Marsh & McLennan Companies | Q3 2026 | $6.9B | +8% | 17.7% |
| AON Aon | Q3 2026 | $4.1B | +3% | 19.7% |
| AJG Arthur J. Gallagher | Q3 2026 | $4.0B | +18% | 13.0% |
| EQH Equitable Holdings | Q3 2026 | $3.9B | +168% | 35.8% |
| WTW Willis Towers Watson | Q3 2026 | $2.5B | +8% | 17.4% |
| BRO Brown & Brown | Q3 FY27 | $1.7B | +7% | 18.6% |
| ERIE Erie Indemnity | Q3 2026 | $1.1B | +0.3% | 19.4% |
| RYAN Ryan Specialty Holdings | Q3 2026 | $790M | +5% | 17.8% |
Source: Reliance Global Group 10-Q on SEC EDGAR · CIK 1812727 · Insurance Agents, Brokers & Service
More on EZRA
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results