Filing Flows › Exzeo Group (XZO) › Q2 2026 › vs Q1 2026
Exzeo Group (XZO) Q2 2026 vs Q1 2026 (quarter over quarter)
Exzeo Group's revenue rose $2.3M (+4%) from $55.5M in Q1 2026 to $57.8M in Q2 2026. The biggest changes: Underwriting and Management Services +$2.4M (+5%); Claim Services −$147K (-2%); Technology Service −$14K (-0.5%). Gross margin 63.7% against 59.0% (+4.8 pts).
Exzeo Group, Q2 2026: revenue $57.8M (+3% year over year), operating margin 49.3%, net earnings $23.3M, operating cash flow $15.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 63.7% | 59.0% | +4.8 pts |
| Operating margin | 49.3% | 45.2% | +4.1 pts |
| Net margin | 40.3% | 36.7% | +3.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Underwriting and Management Services | $48.3M | $45.9M | $2.4M | +5% |
| Claim Services | $6.7M | $6.9M | −$147K | -2% |
| Technology Service | $2.7M | $2.7M | −$14K | -0.5% |
| Revenue | $57.8M | $55.5M | $2.3M | +4% |
| Gross profit | $36.8M | $32.7M | $4.1M | +13% |
| Cost of revenue | $20.9M | $22.8M | −$1.8M | -8% |
| Other income, net | $3.0M | $2.5M | $451K | +18% |
| Operating profit | $28.5M | $25.1M | $3.4M | +14% |
| Operating expenses | $8.4M | $7.7M | $707K | +9% |
| Pre-tax earnings | $31.4M | $27.6M | $3.8M | +14% |
| Research & development | $2.4M | $2.3M | $134K | +6% |
| SG&A | $5.8M | $5.2M | $572K | +11% |
| Other operating costs | $147K | $146K | $1K | +0.7% |
| Net earnings | $23.3M | $20.4M | $2.9M | +14% |
| Income tax | $8.2M | $7.2M | $976K | +14% |
| Depreciation & amortization | $736K | $730K | $6K | +0.8% |
| Share-based compensation | $759K | $740K | $19K | +3% |
| Working capital & other | $9.3M | −$3.6M | $12.9M | — |
| Operating cash flow | $15.4M | $25.5M | −$10.1M | -39% |
Questions
How much did Exzeo Group's revenue grow quarter over quarter in Q2 2026?
Exzeo Group's revenue rose $2.3M (+4%) from $55.5M in Q1 2026 to $57.8M in Q2 2026.
What drove Exzeo Group's revenue change in Q2 2026?
Underwriting and Management Services +$2.4M (+5%); Claim Services −$147K (-2%); Technology Service −$14K (-0.5%).