Filing Flows › Exzeo Group (XZO) › Q2 2026
Exzeo Group (XZO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Exzeo Group (XZO) reported revenue of $57.8M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +4% from the quarter before. Operating margin was 49.3%, net earnings $23.3M (40.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.8M | +4% | +3% |
| Gross profit | $36.8M | +13% | +10% |
| Operating profit | $28.5M | +14% | +1% |
| Net earnings | $23.3M | +14% | +7% |
| Operating cash flow | $15.4M | -39% | -59% |
| Free cash flow | $15.2M | — | -59% |
What changed
Revenue was $57.8M in Q2 2026, up 3% year over year and up 4% from the previous quarter. Underwriting and Management Services was the largest line at 84% of revenue. Underwriting and Management Services added $3.0M year over year (up 7%), 180% of the total change. Claim Services declined 22%.
Gross margin was 63.7%, up 3.9 points from a year earlier. Operating profit was $28.5M, a 49.3% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, below the 50% margin then. Operating expenses grew 54% against revenue growth of 3%. The fastest-growing cost line was SG&A (+96%). Net earnings were $23.3M, up 7% year over year. The effective tax rate was 26.0%.
Operating cash flow was $15.4M (down 59% year over year), 66% of net earnings. Non-cash charges added back $736K of depreciation and amortization and $759K of share-based compensation. Working capital and other items used $9.3M. After capital expenditures ($209K), free cash flow as the company reports it was $15.2M.
Questions
What was Exzeo Group's revenue in the second quarter 2026?
Exzeo Group (XZO) reported revenue of $57.8M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +4% from the quarter before.
Was Exzeo Group profitable in the second quarter 2026?
Operating profit was $28.5M (49.3% of revenue) and net earnings $23.3M.
Source: Exzeo Group 10-Q on SEC EDGAR.