Filing Flows › Exzeo Group (XZO) › Q3 2026
Exzeo Group (XZO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Exzeo Group (XZO) reported revenue of $55.2M for the third quarter 2026 (Q3 2026), 0% from a year earlier and -5% from the quarter before. Operating margin was 47.4%, net earnings $22.3M (40.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.2M | -5% | 0% |
| Gross profit | $34.2M | -7% | +1% |
| Operating profit | $26.1M | -8% | -4% |
| Net earnings | $22.3M | -4% | +6% |
| Operating cash flow | $31.7M | +106% | +0.7% |
| Free cash flow | $31.4M | — | +4% |
What changed
Revenue was $55.2M in Q3 2026, roughly flat year over year and down 5% from the previous quarter. Underwriting and Management Services was the largest line at 83% of revenue. Underwriting and Management Services added $1.0M year over year (up 2%), 4900% of the total change. Claim Services declined 18%.
Gross margin was 62.1%, up 0.8 points from Q3 2025. Operating profit was $26.1M, a 47.4% margin (down 2.0 points year over year). Operating profit fell $1.1M even though revenue rose $20K versus Q3 2025, so costs grew faster than sales. Operating expenses grew 24% against flat revenue. The fastest-growing cost line was SG&A (+43%). Net earnings were $22.3M, up 6% year over year. The effective tax rate was 25.1%.
Operating cash flow was $31.7M (up 1% year over year), 142% of net earnings. Non-cash charges added back $768K of depreciation and amortization and $721K of share-based compensation. Working capital and other items added $7.9M. After capital expenditures ($334K), free cash flow as the company reports it was $31.4M.
Questions
What was Exzeo Group's revenue in the third quarter 2026?
Exzeo Group (XZO) reported revenue of $55.2M for the third quarter 2026 (Q3 2026), 0% from a year earlier and -5% from the quarter before.
Was Exzeo Group profitable in the third quarter 2026?
Operating profit was $26.1M (47.4% of revenue) and net earnings $22.3M.
Source: Exzeo Group 10-Q on SEC EDGAR.