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Reliance Global Group (RELI)
NASDAQ:RELI
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -12.33%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for Reliance Global Group, with significant improvements in revenue, operational efficiency, and EBITDA. Despite some increases in commission and administrative expenses, the company's strategic initiatives like the Quote & Bind platform expansion and the acquisition of Spetner Associates are expected to drive future growth.Company Guidance
During the Reliance Global Group's Fourth Quarter and 2024 Year-end Business Update Call, the company provided guidance reflecting a year of robust performance and strategic growth. Key financial highlights included a 2% increase in revenues to $14.1 million, driven by organic growth, while commission expenses rose by 12% due to changes in the revenue mix. The company managed to reduce salaries and wages by 4%, showcasing operational efficiency, despite a slight 3% increase in general and administrative expenses. Total operating expenses decreased by 21%, leading to a 45% improvement in the loss from operations. The net loss reduced by 24% to $9.1 million, and adjusted EBITDA improved by 39%, reflecting the success of the company's OneFirm strategy. Looking forward, the anticipated acquisition of Spetner Associates and enhancements to the RELI Exchange AI-powered Quote & Bind platform are expected to drive further growth and profitability in the insurtech space.Revenue Growth
Revenues increased by $0.3 million or 2% to $14.1 million compared to $13.7 million in the previous year, showing sustained organic growth.
Operational Efficiency
Total operating expenses decreased by 21% or $5.9 million, leading to a 45% improvement in loss from operations.
Net Loss Reduction
Net loss decreased by $2.9 million or 24% to $9.1 million from $12.1 million, attributed to reduced intangible asset impairment charges and streamlined balance sheet.
EBITDA Improvement
EBITDA improved by 39% or $0.2 million from a loss of $0.5 million to a loss of $0.3 million, driven by the OneFirm strategy and organic operational growth.
Quote & Bind Platform Expansion
The Quote & Bind platform expanded to include more carriers and a wider selection of insurance products, enhancing efficiency and underwriting accuracy.
Spetner Associates Acquisition
The acquisition of Spetner Associates is in final stages, expected to close soon, anticipated to create significant value and offer cross-selling opportunities.
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RELI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RELI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $1.46 | $1.44 | -1.37% |
| Nov 07, 2024 | $2.07 | $1.93 | -6.76% |
| Jul 25, 2024 | $4.07 | $3.76 | -7.62% |
| May 20, 2024 | $5.61 | $5.02 | -10.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reliance Global Group (RELI) report earnings?
Reliance Global Group (RELI) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Reliance Global Group (RELI) earnings time?
Reliance Global Group (RELI) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RELI EPS forecast?
Currently, no data Available
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