Filing Flows › Reliance Global Group (EZRA) › Q3 2025
Reliance Global Group (EZRA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Reliance Global Group (EZRA) reported revenue of $2.5M for the third quarter 2025 (Q3 2025), -27% from a year earlier and -19% from the quarter before. Operating margin was -156.8%, net loss $1.2M (46.3% of revenue).
Reliance Global Group, Q3 2025: revenue $2.5M (-28% year over year), operating margin -156.8%, net loss $1.2M, operating cash flow −$814K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5M | -19% | -27% |
| Operating profit | −$3.9M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$814K | — | — |
What changed
Revenue was $2.5M in Q3 2025, down 27% year over year and down 19% from the previous quarter.
Operating costs exceeded revenue by $3.9M, an operating margin of -156.8%. Total costs grew 62% against a revenue fall of 27%. The fastest-growing cost line was Other operating costs (+72%). The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $2.7M loss. Non-operating items added $2.8M, -238% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$814K. Non-cash charges added back $314K of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $2.7M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$821K.
Questions
What was Reliance Global Group's revenue in the third quarter 2025?
Reliance Global Group (EZRA) reported revenue of $2.5M for the third quarter 2025 (Q3 2025), -27% from a year earlier and -19% from the quarter before.
Was Reliance Global Group profitable in the third quarter 2025?
Operating loss was $3.9M (-156.8% of revenue) and net loss $1.2M.