Filing Flows › Exzeo Group (XZO) › How it makes money
How Exzeo Group (XZO) makes money
Exzeo Group (XZO) made $55.2M of revenue in the third quarter 2026 (Q3 2026), 0% from a year earlier. Underwriting and Management Services brought in $45.9M (83%); Claim Services brought in $6.6M (12%); Technology Service brought in $2.7M (5%). Of every dollar of revenue, 62¢ was left as gross profit, 47¢ was left as operating profit, 40¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Underwriting and Management Services | $45.9M | 83.1% | -5% | +2% |
| Claim Services | $6.6M | 12.0% | -2% | -18% |
| Technology Service | $2.7M | 4.9% | +0.6% | +20% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $55.2M | 100.0% |
| Cost of revenue | $20.9M | 37.9% |
| Gross profit | $34.2M | 62.1% |
| Operating expenses | $8.1M | 14.7% |
| Operating profit | $26.1M | 47.4% |
| Income tax | $7.5M | 13.6% |
| Net earnings | $22.3M | 40.5% |
| Operating cash flow | $31.7M | 57.5% |
| Free cash flow | $31.4M | 56.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $55.2M | 0% |
| Q2 2026 | $57.8M | +3% |
| Q1 2026 | $55.5M | +6% |
| Q4 2025 | $53.3M | +20% |
| Q3 2025 | $55.2M | +90% |
From Exzeo Group's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Exzeo Group make money?
Exzeo Group (XZO) made $55.2M of revenue in the third quarter 2026 (Q3 2026), 0% from a year earlier. Underwriting and Management Services brought in $45.9M (83%); Claim Services brought in $6.6M (12%); Technology Service brought in $2.7M (5%). Of every dollar of revenue, 62¢ was left as gross profit, 47¢ was left as operating profit, 40¢ was left as net earnings.
What is Exzeo Group's biggest business?
Underwriting and Management Services: $45.9M in the third quarter 2026, 83% of revenue, +2% from a year earlier.
What is Exzeo Group's profit margin?
Net earnings were $22.3M, 40.5% of revenue, in the third quarter 2026; the operating margin was 47.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.