Filing Flows › Exzeo Group (XZO) › Q3 2026 › vs Q3 2025
Exzeo Group (XZO) Q3 2026 vs Q3 2025 (year over year)
Exzeo Group's revenue rose $20K (0%) from $55.2M in Q3 2025 to $55.2M in Q3 2026. The biggest changes: Claim Services −$1.4M (-18%); Underwriting and Management Services +$980K (+2%); Technology Service +$459K (+20%). Gross margin 62.1% against 61.2% (+0.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 62.1% | 61.2% | +0.8 pts |
| Operating margin | 47.4% | 49.4% | -2.0 pts |
| Net margin | 40.5% | 38.3% | +2.1 pts |
| Free cash flow margin | 56.9% | 54.9% | +2.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Underwriting and Management Services | $45.9M | $44.9M | $980K | +2% |
| Claim Services | $6.6M | $8.0M | −$1.4M | -18% |
| Technology Service | $2.7M | $2.3M | $459K | +20% |
| Revenue | $55.2M | $55.2M | $20K | 0% |
| Gross profit | $34.2M | $33.8M | $473K | +1% |
| Cost of revenue | $20.9M | $21.4M | −$453K | -2% |
| Other income, net | $3.7M | $1.1M | $2.6M | +234% |
| Operating profit | $26.1M | $27.3M | −$1.1M | -4% |
| Operating expenses | $8.1M | $6.5M | $1.6M | +24% |
| Pre-tax earnings | $29.8M | $28.4M | $1.5M | +5% |
| Research & development | $2.4M | $2.5M | −$111K | -4% |
| SG&A | $5.6M | $3.9M | $1.7M | +43% |
| Other operating costs | $149K | $127K | $22K | +17% |
| Net earnings | $22.3M | $21.2M | $1.2M | +6% |
| Income tax | $7.5M | $7.2M | $282K | +4% |
| Depreciation & amortization | $768K | $901K | −$133K | -15% |
| Share-based compensation | $721K | $731K | −$10K | -1% |
| Working capital & other | $7.9M | $8.7M | −$818K | -9% |
| Operating cash flow | $31.7M | $31.5M | $233K | +0.7% |
| Free Cash Flow (company-reported) | $31.4M | $30.3M | $1.1M | +4% |
| Capital expenditures | $334K | $1.2M | −$855K | -72% |
Questions
How much did Exzeo Group's revenue grow year over year in Q3 2026?
Exzeo Group's revenue rose $20K (0%) from $55.2M in Q3 2025 to $55.2M in Q3 2026.
What drove Exzeo Group's revenue change in Q3 2026?
Claim Services −$1.4M (-18%); Underwriting and Management Services +$980K (+2%); Technology Service +$459K (+20%).