Filing Flows › Exzeo Group (XZO) › Q2 2026 › vs Q2 2025
Exzeo Group (XZO) Q2 2026 vs Q2 2025 (year over year)
Exzeo Group's revenue rose $1.7M (+3%) from $56.1M in Q2 2025 to $57.8M in Q2 2026. The biggest changes: Underwriting and Management Services +$3.0M (+7%); Claim Services −$1.9M (-22%); Technology Service +$528K (+24%). Gross margin 63.7% against 59.8% (+3.9 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 63.7% | 59.8% | +3.9 pts |
| Operating margin | 49.3% | 50.1% | -0.9 pts |
| Net margin | 40.3% | 38.6% | +1.6 pts |
| Free cash flow margin | 26.3% | 66.4% | -40.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Underwriting and Management Services | $48.3M | $45.3M | $3.0M | +7% |
| Claim Services | $6.7M | $8.6M | −$1.9M | -22% |
| Technology Service | $2.7M | $2.2M | $528K | +24% |
| Revenue | $57.8M | $56.1M | $1.7M | +3% |
| Gross profit | $36.8M | $33.6M | $3.3M | +10% |
| Cost of revenue | $20.9M | $22.5M | −$1.6M | -7% |
| Other income, net | $3.0M | $763K | $2.2M | +288% |
| Operating profit | $28.5M | $28.1M | $336K | +1% |
| Operating expenses | $8.4M | $5.4M | $3.0M | +54% |
| Pre-tax earnings | $31.4M | $28.9M | $2.5M | +9% |
| Research & development | $2.4M | $2.4M | $86K | +4% |
| SG&A | $5.8M | $3.0M | $2.8M | +96% |
| Other operating costs | $147K | $110K | $37K | +34% |
| Net earnings | $23.3M | $21.7M | $1.6M | +7% |
| Income tax | $8.2M | $7.2M | $930K | +13% |
| Depreciation & amortization | $736K | $730K | $6K | +0.8% |
| Share-based compensation | $759K | $706K | $53K | +8% |
| Working capital & other | $9.3M | −$14.7M | $24.0M | — |
| Operating cash flow | $15.4M | $37.8M | −$22.3M | -59% |
| Free Cash Flow (company-reported) | $15.2M | $37.3M | −$22.1M | -59% |
| Capital expenditures | $209K | $483K | −$274K | -57% |
Questions
How much did Exzeo Group's revenue grow year over year in Q2 2026?
Exzeo Group's revenue rose $1.7M (+3%) from $56.1M in Q2 2025 to $57.8M in Q2 2026.
What drove Exzeo Group's revenue change in Q2 2026?
Underwriting and Management Services +$3.0M (+7%); Claim Services −$1.9M (-22%); Technology Service +$528K (+24%).