Filing Flows › Exzeo Group (XZO) › Q3 2026 › vs Q2 2026
Exzeo Group (XZO) Q3 2026 vs Q2 2026 (quarter over quarter)
Exzeo Group's revenue fell $2.6M (-5%) from $57.8M in Q2 2026 to $55.2M in Q3 2026. The biggest changes: Underwriting and Management Services −$2.5M (-5%); Claim Services −$133K (-2%); Technology Service +$15K (+0.6%). Gross margin 62.1% against 63.7% (-1.7 pts).
Exzeo Group, Q3 2026: revenue $55.2M (0% year over year), operating margin 47.4%, net earnings $22.3M, operating cash flow $31.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 62.1% | 63.7% | -1.7 pts |
| Operating margin | 47.4% | 49.3% | -1.9 pts |
| Net margin | 40.5% | 40.3% | +0.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Underwriting and Management Services | $45.9M | $48.3M | −$2.5M | -5% |
| Claim Services | $6.6M | $6.7M | −$133K | -2% |
| Technology Service | $2.7M | $2.7M | $15K | +0.6% |
| Revenue | $55.2M | $57.8M | −$2.6M | -5% |
| Gross profit | $34.2M | $36.8M | −$2.6M | -7% |
| Cost of revenue | $20.9M | $20.9M | −$9K | 0% |
| Other income, net | $3.7M | $3.0M | $717K | +24% |
| Operating profit | $26.1M | $28.5M | −$2.3M | -8% |
| Operating expenses | $8.1M | $8.4M | −$279K | -3% |
| Pre-tax earnings | $29.8M | $31.4M | −$1.6M | -5% |
| Research & development | $2.4M | $2.4M | −$57K | -2% |
| SG&A | $5.6M | $5.8M | −$224K | -4% |
| Other operating costs | $149K | $147K | $2K | +1% |
| Net earnings | $22.3M | $23.3M | −$924K | -4% |
| Income tax | $7.5M | $8.2M | −$672K | -8% |
| Depreciation & amortization | $768K | $736K | $32K | +4% |
| Share-based compensation | $721K | $759K | −$38K | -5% |
| Working capital & other | $7.9M | −$9.3M | $17.2M | — |
| Operating cash flow | $31.7M | $15.4M | $16.3M | +106% |
Questions
How much did Exzeo Group's revenue grow quarter over quarter in Q3 2026?
Exzeo Group's revenue fell $2.6M (-5%) from $57.8M in Q2 2026 to $55.2M in Q3 2026.
What drove Exzeo Group's revenue change in Q3 2026?
Underwriting and Management Services −$2.5M (-5%); Claim Services −$133K (-2%); Technology Service +$15K (+0.6%).