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Reliance Global Group, Inc. acquires, owns, and manages insurance distribution and technology-oriented businesses in the United States. The company operates RELI Exchange, a business-to-business InsurTech platform and partner network designed to support insurance agents and agencies through technology-enabled tools and operational infrastructure; and 5MinuteInsure.com, a direct-to-consumer InsurTech platform designed to enable consumers to compare, quote, and bind certain insurance products through a streamlined digital interface. It also provides training and mentorship resources to support agent onboarding and business development through its platform; agency services for insurance products in the healthcare, life, bond, auto, and property and casualty sectors; and insurance marketing services. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. The company was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public disclosures for Reliance Global Group, Inc. (ticker EZRA) are sparse, and the company's core operations and industry exposure are not clearly described in readily available filings. Because major long-term growth drivers are not disclosed, investors should consult recent SEC filings and company reports; the equity may appeal to those seeking small-cap, event-driven opportunities but carries elevated information risk.
Material risks include low liquidity, heightened stock price volatility, potential financial and governance weaknesses, and significant execution and financing risk common to lightly followed small-cap issuers.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -6.99M | -9.07M | -10.03M | 21.56M | -21.10M |
| Net income | -6.99M | -9.07M | -12.01M | 6.47M | -21.10M |
| Selling general administrative | 4.91M | 4.22M | 4.09M | 5.13M | 3.59M |
| Selling and marketing expenses | 0.28M | 0.36M | 0.36M | - | 0.33M |
| Gross profit | -2.49M | 2.64M | 2.50M | 1.11M | 2.61M |
| Reconciled depreciation | 1.33M | 1.79M | 2.61M | 2.56M | 1.61M |
| Ebit | -9.01M | -7.49M | -8.37M | - | -2.91M |
| Ebitda | -7.68M | -5.70M | -5.76M | - | -1.31M |
| Depreciation and amortization | 1.33M | 1.79M | 2.61M | - | 1.61M |
| Operating income | -9.01M | -7.70M | -13.88M | -6.58M | -2.91M |
| Other operating expenses | - | 21.75M | 27.61M | - | 12.62M |
| Interest expense | 0.99M | 1.58M | 1.66M | 0.92M | - |
| Tax provision | 0.00M | 0.00M | - | - | - |
| Net interest income | -1.04M | -1.58M | -1.66M | -0.92M | - |
| Total revenue | 12.43M | 14.05M | 13.73M | 11.76M | 9.71M |
| Total operating expenses | 21.44M | 10.33M | 16.38M | 18.34M | 5.52M |
| Cost of revenue | 14.92M | 11.42M | 11.24M | 10.65M | 7.10M |
| Total other income expense net | 2.03M | -1.38M | 3.85M | 29.06M | -18.19M |
| Net income from continuing ops | -6.99M | -9.07M | -10.03M | 21.56M | -21.10M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 13.55M | 17.32M | 23.02M | 38.43M | 27.68M |
| Intangible assets | 3.39M | 5.42M | 11.04M | 13.44M | 7.08M |
| Other current assets | 2.19M | 2.11M | 1.74M | 0.25M | 2.81M |
| Total liab | 7.12M | 14.32M | 15.87M | 29.52M | 53.74M |
| Total stockholder equity | 6.43M | 3.00M | 7.15M | 8.91M | -26.07M |
| Other current liab | 0.80M | 0.35M | 0.42M | 3.91M | 43.24M |
| Common stock | 0.92M | 0.19M | 0.02M | - | 0.06M |
| Capital stock | 0.92M | 0.19M | 0.02M | 0.10M | 0.06M |
| Retained earnings | -55.06M | -48.07M | -39.00M | -26.99M | -33.46M |
| Good will | 4.79M | 6.69M | 6.69M | 14.29M | 10.05M |
| Cash | 1.32M | 0.37M | 1.33M | 0.51M | 4.14M |
| Total current liabilities | 2.40M | 3.57M | 3.19M | 7.84M | 44.98M |
| Net debt | 0.95M | 12.66M | 13.21M | 16.01M | 5.30M |
| Short term debt | 1.60M | 2.29M | 2.13M | - | 1.19M |
| Short long term debt | 1.32M | 2.05M | 1.85M | 2.54M | 0.91M |
| Short long term debt total | 2.26M | 13.03M | 14.54M | - | 9.43M |
| Other stockholder equity | 60.57M | 50.88M | 46.13M | - | 7.33M |
| Total current assets | 4.27M | 3.99M | 4.38M | 3.27M | 7.98M |
| Long term investments | - | - | 0.00M | 0.90M | 1.35M |
| Net receivables | 0.77M | 1.51M | 1.31M | 1.01M | 1.03M |
| Long term debt | 4.06M | 9.90M | 11.92M | 13.97M | 7.44M |
| Accounts payable | 0.50M | 0.94M | 0.64M | 0.75M | 0.55M |
| Non currrent assets other | 0.13M | 0.02M | 0.02M | 5.35M | 0.02M |
| Non current assets total | 9.28M | 13.33M | 18.64M | 35.16M | 19.69M |
| Capital lease obligations | 0.94M | 1.09M | 0.77M | 1.05M | 1.08M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -0.13M | 0.00M | 0.90M | 0.45M | - |
| Total cashflows from investing activities | 5.33M | -0.08M | 0.71M | - | -2.30M |
| Net borrowings | -6.03M | -2.06M | -3.07M | 6.65M | -1.40M |
| Total cash from financing activities | -1.30M | 1.66M | 0.97M | 25.07M | 8.64M |
| Net income | -6.99M | -9.07M | -12.01M | 6.47M | -21.10M |
| Change in cash | 0.93M | -0.94M | 0.83M | -2.71M | 4.09M |
| Begin period cash flow | 1.80M | 2.74M | 1.91M | 4.62M | 0.53M |
| End period cash flow | 2.73M | 1.80M | 2.74M | 1.91M | 4.62M |
| Total cash from operating activities | -3.09M | -2.52M | -0.85M | -3.19M | -2.25M |
| Issuance of capital stock | 5.12M | 3.71M | 3.45M | 17.87M | 10.50M |
| Depreciation | 1.33M | 1.79M | 2.61M | 2.56M | 1.61M |
| Other cashflows from investing activities | 5.34M | -0.06M | -0.17M | - | -0.62M |
| Dividends paid | 0.39M | 0.00M | - | - | - |
| Change to account receivables | 0.52M | -0.20M | -0.28M | 0.11M | -0.17M |
| Other cashflows from financing activities | -0.91M | - | 0.59M | - | -0.45M |
| Capital expenditures | 0.02M | 0.08M | 0.19M | 0.80M | 0.69M |
| Change in working capital | -0.02M | 0.05M | -0.32M | 1.05M | -0.83M |
| Stock based compensation | 4.83M | 0.53M | 0.88M | 1.25M | 0.75M |
| Other non cash items | -2.27M | 4.19M | 7.99M | 0.06M | -0.33M |
| Free cash flow | -3.11M | -2.60M | -1.04M | -3.99M | -2.94M |
Sector: Financial Services Industry: Insurance Brokers
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| EZRA Reliance Global Group, Inc. |
-0.61 23.37% |
2.00 | 0.89 | - | 0.20 | 0.34 | 0.60 | -5.28 |
| MRSH Marsh & McLennan Companies, Inc. |
- -% |
207.52 | 22.03 | 15.87 | 3.07 | 5.67 | 3.82 | 14.80 |
| AON Aon PLC |
0.19 0.06% |
336.53 | 19.50 | 17.61 | 4.19 | 7.68 | 4.95 | 13.01 |
| AJG Arthur J Gallagher & Co |
- -% |
282.01 | 41.13 | 17.09 | 4.21 | 2.74 | 4.93 | 19.58 |
| WTW Willis Towers Watson PLC |
1.31 0.39% |
334.18 | 19.92 | 14.56 | 2.96 | 3.91 | 3.52 | 13.08 |
Reliance Global Group, Inc. acquires, owns, and manages insurance distribution and technology-oriented businesses in the United States. The company operates RELI Exchange, a business-to-business InsurTech platform and partner network designed to support insurance agents and agencies through technology-enabled tools and operational infrastructure; and 5MinuteInsure.com, a direct-to-consumer InsurTech platform designed to enable consumers to compare, quote, and bind certain insurance products through a streamlined digital interface. It also provides training and mentorship resources to support agent onboarding and business development through its platform; agency services for insurance products in the healthcare, life, bond, auto, and property and casualty sectors; and insurance marketing services. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. The company was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
300 Boulevard of the Americas, Lakewood, NJ, United States, 08701
732 380 4600
40
| Name | Title | Year Born |
|---|---|---|
| Mr. Ezra Beyman | CEO & Executive Chairman | 1955 |
| Mr. Joel Markovits CPA | Chief Financial Officer | 1981 |
| Mr. Yaakov Beyman | Executive Vice President of Insurance Division | 1983 |
| Mr. Grant Barra | Senior Vice President of Operations | 1982 |
| Mr. Jonathan Fortman | Vice President of Acquisitions | NA |
| Mr. Michael Dobek | Head of RELI Exclusive Distribution Network | NA |
| Ms. Julie A. Blockey | Head of Group Distribution Government Contracts | NA |
| Mr. Rick Emig | Head of Group Health Distribution | NA |
| Brandon Johnson | Head of Personal Lines, Property & Casualty Distribution | NA |
| Mr. Moshe Fishman | Senior Vice President of Strategic Ventures | 1992 |
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