See more : Capital One Financial Corporation (COF-PI) Income Statement Analysis – Financial Results
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) Q2 2023 Earnings Call Transcript
Reliance Global Group, Inc. (NASDAQ:RELI ) Q2 2023 Earnings Conference Call August 10, 2023 12:00 PM ET Company Participants Theodore Ayvas - Investor Relations, Crescendo Communications Ezra Beyman - Chairman and Chief Executive Officer Grant Barra - Senior Vice President...
Reliance Global Group Achieves 12% Increase in Revenue for the Second Quarter of 2023
Working Capital Increases by $6.8 million RELI Exchange Continuing to Grow its Network of Agency Partners Strategic Plan for Consolidation of Subsidiary Agencies Leading to Enhanced Market Presence Reports 30% Reduction in Loss from Operations for the First Half of...
Reliance Global Group Schedules Second Quarter 2023 Financial Results and Business Update Conference Call
Lakewood, NJ, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, August 10, 2023 – 12:00 PM Eastern Time to discuss financial...
Reliance Global Group, Inc. (RELI) Q1 2023 Earnings Call Transcript
Reliance Global Group, Inc. (NASDAQ:RELI ) Q1 2023 Results Conference Call May 18, 2023 4:30 PM ET Company Participants Theodore Ayvas - VP, Crescendo Communications Ezra Beyman - Chairman & Chief Executive Office Joel Markovits - Chief Financial Officer Conference...
Reliance Global Group Schedules First Quarter 2023 Financial Results and Business Update Conference Call
Lakewood, NJ, May 18, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced that it will host a conference call today, Thursday May 18, 2023 at 4:30 PM Eastern Time to discuss financial...
Reliance Global Group, Inc. (RELI) Q3 2022 Earnings Call Transcript
Reliance Global Group, Inc. (NASDAQ:RELI ) Q3 2022 Earnings Conference Call November 15, 2022 12:00 PM ET Company Participants David Waldman - Investor Relations Ezra Beyman - Chairman & Chief Executive Office William Lebovics - Chief Financial Officer Joel Markovits...
Reliance Global Group Schedules Third Quarter 2022 Financial Results and Business Update Conference Call
LAKEWOOD, N.J., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency announced today that...
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Reliance Global Group, Inc.'s (RELI) CEO Ezra Beyman on Q2 2022 Results - Earnings Call Transcript
Reliance Global Group, Inc. (NASDAQ:RELI ) Q2 2022 Earnings Conference Call August 15, 2022 2:00 PM ET Company Participants David Waldman - Crescendo Communications, IR Ezra Beyman - Chairman and CEO William Lebovics - Chief Financial Officer Joel Markovits -...
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