Filing Flows › Reliance Global Group (EZRA) › Q4 2024
Reliance Global Group (EZRA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 7, 2025
Reliance Global Group (EZRA) reported revenue of $3.3M for the fourth quarter 2024 (Q4 2024), -0.7% from a year earlier and -4% from the quarter before. Operating margin was -30.5%, net loss $1.4M (42.4% of revenue).
Reliance Global Group, Q4 2024: revenue $3.3M (-0.7% year over year), operating margin -30.5%, net loss $1.4M, operating cash flow −$867K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3M | -4% | -0.7% |
| Operating profit | −$1.0M | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$867K | — | — |
What changed
Revenue was $3.3M in Q4 2024, down 1% year over year and down 4% from the previous quarter.
Operating costs exceeded revenue by $1.0M, an operating margin of -30.5%. Total costs fell 67% while revenue fell 1%. The fastest-growing cost line was Sales & marketing (+6671%). The quarter ended with a net loss of $1.4M, wider than the previous quarter's $837K loss.
Operating cash flow was −$867K. Non-cash charges added back $360K of depreciation and amortization and $257K of share-based compensation. Working capital and other items used $86K. Capital expenditures of $5K exceeded it, leaving free cash flow of −$872K.
Questions
What was Reliance Global Group's revenue in the fourth quarter 2024?
Reliance Global Group (EZRA) reported revenue of $3.3M for the fourth quarter 2024 (Q4 2024), -0.7% from a year earlier and -4% from the quarter before.
Was Reliance Global Group profitable in the fourth quarter 2024?
Operating loss was $1.0M (-30.5% of revenue) and net loss $1.4M.