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Complete financial analysis of Reliance Global Group, Inc. (RELI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Reliance Global Group, Inc., a leading company in the Insurance – Brokers industry within the Financial Services sector.
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Reliance Global Group, Inc. (RELI)
About Reliance Global Group, Inc.
Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.73M | 16.76M | 9.71M | 7.28M | 4.45M | 20.65K | 39.07K | 18.90K | 75.60K | 213.13K | 43.40K |
| Cost of Revenue | 11.24M | 11.98M | 7.10M | 5.22M | 3.02M | 101.89K | 3.08K | 19.04K | 114.67K | 89.83K | 67.27K |
| Gross Profit | 2.50M | 4.78M | 2.61M | 2.06M | 1.43M | -81.24K | 35.99K | -141.00 | -39.06K | 123.30K | -23.87K |
| Gross Profit Ratio | 18.18% | 28.52% | 26.88% | 28.24% | 32.10% | -393.43% | 92.13% | -0.75% | -51.67% | 57.85% | -55.00% |
| Research & Development | 0.00 | 1.83 | -2.17 | -0.50 | -0.79 | 20.42 | 49.00K | -44.10 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.09M | 6.72M | 3.59M | 4.21M | 3.64M | 826.44K | 128.15K | 487.01K | 251.87K | 195.59K | 11.69K |
| Selling & Marketing | 364.97K | 2.58M | 325.84K | 168.78K | 165.57K | 6.31K | 0.00 | 0.00 | 0.00 | 0.00 | 48.00K |
| SG&A | 4.45M | 9.30M | 3.92M | 4.37M | 3.80M | 20.42 | 128.15K | 487.01K | 251.87K | 195.59K | 59.69K |
| Other Expenses | 11.92M | 2.80M | 1.61M | 1.33M | 727.98K | 1.47M | 324.17K | 346.40K | 339.19K | 271.29K | 0.00 |
| Operating Expenses | 16.38M | 12.10M | 5.52M | 5.70M | 4.53M | 1.44M | 501.32K | 833.41K | 591.06K | 466.88K | 275.75K |
| Cost & Expenses | 27.61M | 24.08M | 12.62M | 10.92M | 7.55M | 300.00 | 504.39K | 852.45K | 705.73K | 556.71K | 343.02K |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.66M | 918.03K | 0.00 | 0.00 | 0.00 | 0.00 | 179.66K | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.61M | -10.72M | 30.50M | 10.92M | 7.46M | 1.07M | 504.39K | 852.45K | 339.19K | 271.29K | 216.06K |
| EBITDA | -5.76M | -3.94M | -1.31M | -2.30M | -2.38M | -491.79K | -141.16K | -487.15K | -290.94K | -72.29K | -83.56K |
| EBITDA Ratio | -41.95% | -114.68% | 168.35% | -38.85% | -53.38% | -2,381.55% | -361.31% | -2,577.51% | -393.01% | -33.92% | -192.52% |
| Operating Income | -13.88M | -7.33M | 14.74M | -3.64M | -3.10M | 88.42K | -960.56K | -833.55K | -630.13K | -343.58K | -299.62K |
| Operating Income Ratio | -101.07% | -43.72% | 151.80% | -50.06% | -69.74% | 428.18% | -2,458.70% | -4,410.30% | -833.46% | -161.20% | -690.35% |
| Total Other Income/Expenses | 3.85M | -922.89K | -18.19M | -54.59K | -391.57K | -337.18K | -1.62M | 0.00 | 6.20K | 0.00 | 0.00 |
| Income Before Tax | -10.03M | 6.47M | -21.10M | -3.70M | -3.50M | -961.62K | -2.58M | -833.55K | -623.93K | -343.58K | -299.62K |
| Income Before Tax Ratio | -73.01% | 38.59% | -217.28% | -50.81% | -78.54% | -4,656.76% | -6,599.85% | -4,410.30% | -825.26% | -161.20% | -690.35% |
| Income Tax Expense | 0.00 | -28.17M | 17.65M | -508.70K | -3.01M | -1.05M | -1.75M | -833.55K | -6.20K | 0.00 | 0.00 |
| Net Income | -12.01M | 34.63M | -38.75M | -3.19M | -3.50M | 421.75K | -2.58M | -833.55K | -623.93K | -343.58K | -299.62K |
| Net Income Ratio | -87.46% | 206.68% | -399.07% | -43.83% | -78.54% | 2,042.38% | -6,599.85% | -4,410.30% | -825.26% | -161.20% | -690.35% |
| EPS | -4.26 | 31.63 | -57.57 | -8.16 | -18.22 | 6.72K | -115.52 | -37.79 | -28.80 | -16.65 | -15.60 |
| EPS Diluted | -72.39 | 31.63 | -57.57 | -8.16 | -18.22 | 6.72K | -115.52 | -37.79 | -28.80 | -16.65 | -15.60 |
| Weighted Avg Shares Out | 2.82M | 1.09M | 673.14K | 390.87K | 191.85K | 62.73 | 22.32K | 22.06K | 21.67K | 20.64K | 19.20K |
| Weighted Avg Shares Out (Dil) | 165.90K | 1.09M | 673.14K | 390.87K | 191.85K | 62.73 | 22.32K | 22.06K | 21.67K | 20.64K | 19.20K |
Reliance Global Group, Inc. (RELI) Q3 2024 Earnings Call Transcript
Reliance Global Group, Inc. (NASDAQ:RELI ) Q3 2024 Earnings Call November 7, 2024 4:30 PM ET Company Participants Ted Ayvas - Investor Relations Ezra Beyman - Chairman and Chief Executive Officer Joel Markovits - Chief Financial Officer Operator Good day...
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Reliance Global Group Schedules Second Quarter 2024 Financial Results and Business Update Conference Call
Lakewood, NJ, July 19, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, July 25, 2024, at 4:30 PM Eastern Time to discuss financial results...
Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements
LAKEWOOD, N.J., July 17, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), announced that the Company received notice from The Nasdaq Stock Market on July 16, 2024, indicating that Reliance had regained...
Reliance Global Group Announces Formation of New Real Estate Division Aimed at Expanding Operations
Abe Miller, Successful Real Estate Investor and M&A Executive, Joins Reliance to Oversee New Division and Advise on Future Real Estate Transactions Abe Miller, Successful Real Estate Investor and M&A Executive, Joins Reliance to Oversee New Division and Advise on...
Reliance Global Group Announces Withdrawal of Registration Statement
LAKEWOOD, N.J., June 24, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that it has withdrawn its previously filed registration statement with the Securities and Exchange Commission, which was originally...
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