Reliance Global Group, Inc. Q2 2026: Revenue $2.11M, EPS $(3.26) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Reliance Global Group (EZRA) reported Q2 2026 revenue of $2.11M, down 32% YoY due to divestitures, but net loss narrowed to $(1.99M). Diluted EPS improved to $(3.26). The company reduced operating expenses via efficiencies and launched new investment platforms. It also completed a public offering, changed its ticker to EZRA, and executed a 1-for-40 reverse split.
Reliance Global Group, Inc. reported results for the second quarter of 2026 with revenue of $2.11M and a net loss attributable to the company of $(1.99M); diluted loss per share was $(3.26), an improvement from the year-ago quarter.
Financial Highlights
- Revenue: $2.11M for Q2 2026, down from $3.09M in the year-ago quarter (−32% YoY).
- Net income: Net loss attributable to Reliance Global Group, Inc. of $(1.99M) for Q2 2026, improved from a $(2.71M) loss in the year-ago quarter.
- Diluted EPS: $(3.26) for Q2 2026 versus $(33.90) in the year-ago quarter (loss per share improvement YoY).
Business Highlights
- Revenue and channel shift: Commission revenue declined roughly 19–32% year-over-year, reflecting 2025 divestitures; retained businesses partially offset the reduction.
- Cost and margin initiatives: Operating expenses fell approximately 19–28% driven by OneFirm efficiencies and lower share-based compensation, which improved segment profitability.
- Strategic investments and platforms: Launched Scale51/EZRA and formed LifeSci Global Group to pursue technology and life-science equity investments, including Enquantum and Innervate.
- Capital markets and brand actions: Completed a public offering and ATM sales, changed ticker to EZRA, and implemented a 1-for-40 reverse split to support market listing and brand positioning.
Original SEC Filing: Reliance Global Group, Inc. [ EZRA ] - 10-Q - Jul. 30, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.