Reliance Global | 8-K: FY2026 Q2 Revenue: USD 2.1 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 2.1 M.
EBIT: As of FY2026 Q2, the actual value is USD -1.87 M.
Revenue
Commission income for Reliance Global Group, Inc. was approximately $2.1 million for the second quarter of 2026, compared with approximately $3.1 million for the second quarter of 2025.
Operating Costs
Commission expense was approximately $0.8 million in the second quarter of 2026, down from approximately $1.0 million in the second quarter of 2025.Salaries and wages were approximately $1.5 million for the second quarter of 2026, a decrease from approximately $2.6 million in the prior-year period.General and administrative expenses were approximately $1.2 million, compared with approximately $1.5 million for the second quarter of 2025.Overall, second quarter operating expenses were reduced by approximately 28% year-over-year.
Net Loss
Net loss attributable to Reliance Global Group, Inc. improved to approximately - $2.0 million in the second quarter of 2026, compared with approximately - $2.7 million for the second quarter of 2025, an improvement of approximately 26%.
Adjusted EBITDA (AEBITDA)
Adjusted EBITDA (AEBITDA) was a loss of approximately - $1.1 million for the second quarter of 2026, compared with a loss of approximately - $0.4 million for the second quarter of 2025.
Balance Sheet (as of June 30, 2026)
Reliance Global Group, Inc. reported cash of approximately $0.8 million.Combined cash and restricted cash totaled approximately $1.8 million.Working capital was approximately $1.2 million.Stockholders’ equity stood at approximately $6.6 million.
Operational Metrics
Reliance Global Group, Inc. launched a proprietary AI agent for secure browser automation and began deploying AI capabilities across its insurance operations to enhance workflow automation, productivity, and customer service.The company continued to expand its proprietary AI technologies and delivered organic growth within its retained insurance operations following the divestiture of non-core businesses.
Outlook
Reliance Global Group, Inc. plans to continue developing, deploying, and refining its innovative AI solutions to strengthen existing insurance operations and establish a scalable technology platform for long-term growth.The company intends to expand the AI platform’s functionality across additional business processes and invest in proprietary AI technologies that complement its insurance operations.Management believes this strategy will improve operating efficiency, create new long-term commercialization opportunities, diversify future revenue, and create shareholder value.
