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RELIW

Reliance Global Group, Inc.

RELIW

Reliance Global Group, Inc. • NASDAQ
$0.04 ▲ 93.53% (+0.02)
Market Cap $2.96 M
52w High $0.04
52w Low $0.02
Dividend Yield 0%
P/E 0
Volume 1.54K
Outstanding Shares 76.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.496M ▼ $6.41M ▲ $-1.157M ▲ -46.338% ▲ $-0.2 ▲ $-1.09M ▲
Q2-2025 $3.087M ▼ $1.906M ▼ $-2.711M ▼ -87.826% ▼ $-0.85 ▲ $-2.046M ▼
Q1-2025 $4.236M ▲ $1.944M ▲ $-1.737M ▼ -41.001% ▲ $-66.48 ▼ $-1.051M ▼
Q4-2024 $3.297M ▼ $1.445M ▲ $-1.398M ▼ -42.407% ▼ $-1.39 ▼ $-659.135K ▼
Q3-2024 $3.441M $1.343M $-837.314K -24.33% $-0.67 $-24.433K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.581M ▲ $15.655M ▼ $8.911M ▼ $6.744M ▲
Q2-2025 $1.957M ▲ $18.01M ▲ $14.928M ▲ $3.082M ▲
Q1-2025 $388.379K ▲ $16.823M ▼ $14.207M ▼ $2.617M ▼
Q4-2024 $372.695K ▼ $17.315M ▼ $14.318M ▼ $2.997M ▲
Q3-2024 $925.27K $17.42M $14.599M $2.821M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.157M ▼ $-814.446K ▲ $4.317M ▲ $-3.374M ▼ $128.206K ▼ $-812.847K ▲
Q2-2025 $1.737M ▲ $-852.511K ▼ $-12.193K ▲ $2.428M ▲ $1.564M ▲ $-847.204K ▼
Q1-2025 $-1.737M ▼ $197.83K ▲ $-14.944K ▲ $-169.073K ▼ $13.813K ▲ $182.886K ▲
Q4-2024 $-1.398M ▼ $-867.243K ▼ $-24.441K ▼ $335.686K ▲ $-555.998K ▼ $-891.684K ▼
Q3-2024 $-837.316K $-758.287K $-22.256K $318.624K $-461.919K $-780.543K

Revenue by Products

Product Q2-2025Q3-2025
Insurance Segment
Insurance Segment
 $0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The business is still very small and has not shown clear, steady growth in revenue. Recent years have been loss‑making, with operating performance moving from slightly profitable at one point back to consistent losses. The one profitable year looks more like a one‑off event than an established trend. Overall, the income statement suggests a company still in the early, sub‑scale phase, trying to spread fixed costs over a very small revenue base, with earnings per share swinging sharply due to its tiny size and share structure changes.

Balance Sheet

Balance Sheet The balance sheet is thin, with a modest asset base and very little reported cash. Debt makes up a meaningful share of total capital, while shareholder equity has hovered around break‑even and was negative not long ago. This points to limited financial cushion and a reliance on lenders and capital markets rather than internally generated strength. In simple terms, the company appears financially fragile, with not much room to absorb setbacks without additional funding or restructuring.

Cash Flow

Cash Flow Reported cash flow figures round to essentially zero, which likely reflects the very small scale of operations rather than true strength. There is no evidence of sustained cash generation from the core business, and no visible investment program through capital spending. That combination suggests the company has limited internal resources to fund growth and may depend on raising money from outside sources. Liquidity and access to capital are therefore key risks to watch.

Competitive Edge

Competitive Edge Reliance Global Group is trying to stand out in a crowded insurance and InsurTech space by focusing on tools for independent agents and a fast online experience for customers. Its strategy centers on a unified technology platform and rolling up smaller agencies under one operating model. This can create efficiency and better bargaining power with insurers if scale is reached, but today the company is still very small compared with established brokers and larger InsurTech players. Execution risk is high: integrating acquisitions, winning agents onto the platform, and competing with well‑funded rivals are all significant challenges given its limited financial resources.

Innovation and R&D

Innovation and R&D The company’s main innovation is its technology: the RELI Exchange platform for agents and the 5minuteinsure site for consumers, both built around automation and AI to make quoting and binding policies faster and easier. The “OneFirm” concept—putting acquired agencies on a single tech and operating stack—is a strategic attempt to build a moat through consistency, scale, and cross‑selling. These are thoughtful ideas that align with digital trends in insurance and could be attractive to independent agents who lack their own tech. However, turning these concepts into a durable advantage will require ongoing investment in software, data, and integrations, which may be difficult given the company’s small scale and tight balance sheet.

Summary

Overall, Reliance Global Group looks like an early‑stage, niche InsurTech and insurance aggregator with an interesting technology story but very limited financial strength. The income statement shows a business still searching for consistent growth and profitability, and the balance sheet offers only a thin buffer against missteps. The strategy—using AI‑enabled platforms, a unified operating model, and acquisitions to empower independent agents—targets a real market need, but it comes with substantial execution and financing risk. Future progress will largely depend on the company’s ability to scale its platforms, successfully integrate acquisitions, and secure enough capital to support innovation without overextending its already fragile financial position.