Reliance Global Group, Inc.(RELI)Earnings, Financials & Key Ratios
RELI•NASDAQ•Insurance & Managed Care
$0.25
$553552 mkt cap·Price updated Apr 24, 2026
SectorFinancial ServicesIndustryInsurance BrokersSub-IndustryBroker consolidators and retail brokers
AboutReliance 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.Show more
- Revenue$14M+2.3%
- Combined Ratio154.75%-23.0%
- Net Income-$9M+24.5%
- Return on Equity-178.85%-19.6%
- Medical Cost Ratio81.23%-0.7%
- Operating Margin-54.75%+45.8%
- Net Margin-64.55%+26.2%
- ROA-44.99%-15.1%
- Equity / Assets17.31%-44.3%
- Book Value per Share2.98-51.1%
- Tangible BV/Share-9.06-0.4%
- Debt/Equity4.35+113.8%
RELI Key Insights
Reliance Global Group, Inc. (RELI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 14.2% through buybacks
- ✓Trading at only 0.1x book value
✗Weaknesses
- ✗Unprofitable underwriting: 154.8% combined ratio
- ✗High debt to equity ratio of 4.3x
- ✗Weak momentum: RS Rating 4 (bottom 4%)
- ✗High loss ratio of 81.2%
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
RELI Price & Volume
Reliance Global Group, Inc. (RELI) stock price & volume — 10-year historical chart
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RELI Growth Metrics
Reliance Global Group, Inc. (RELI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years52.03%
5 Years25.86%
3 Years13.12%
TTM-6.84%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM58.07%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-386.04%
Return on Capital
10 Years-47.73%
5 Years-57.73%
3 Years-66.67%
Last Year-45.85%
RELI Peer Comparison
Reliance Global Group, Inc. (RELI) competitors in Broker consolidators and retail brokers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GOCO | 12.75M | 1.01 | -1.53 | 8.74% | -26.96% | -64.38% | 1.15 | |
 SLQT | 211.55M | 1.20 | 90.23 | 15.5% | 4.45% | 13.75% | 0.72 | |
 EIG | 967.26M | 41.36 | 91.91 | -2.55% | 0.95% | 0.83% | 0.04 | |
 AON | 66.04B | 308.22 | 18.11 | 9.45% | 22.54% | 44.16% | 1.73 | |
 MMC | 85.27B | 174.06 | 21.28 | 7.57% | 15.6% | 26.87% | 1.62 | |
 BRO | 19.25B | 56.56 | 17.90 | 26.59% | 17.87% | 9.33% | 0.63 | |
 AJG | 50.63B | 196.91 | 34.25 | 20.66% | 10.72% | 6.5% | 0.60 | |
 RYAN | 3.81B | 29.39 | 62.53 | 21.28% | 4.17% | 10.77% | 2.82 |
Compare RELI vs Peers
Reliance Global Group, Inc. (RELI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RELI Income Statement
Reliance Global Group, Inc. (RELI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Aug'16 | Aug'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.9K | 39.07K | 20.65K | 4.45M | 7.3M | 9.71M | 11.76M | 13.73M | 14.05M | 13.12M |
| Revenue Growth % | -75% | 106.71% | -47.14% | 21453.44% | 63.95% | 33.07% | 21.13% | 16.75% | 2.35% | -6.84% |
| Medical Costs & Claims | 19.04K | 3.08K | 101.89K | 3.02M | 5.22M | 7.1M | 10.65M | 11.24M | 11.42M | 15.02M |
| Medical Cost Ratio % | 100.75% | 7.87% | 493.43% | 67.9% | 71.59% | 73.12% | 90.54% | 81.82% | 81.23% | 114.49% |
| Gross Profit | -141▲ 0% | 35.99K▲ 25627.0% | -81.24K▼ 325.7% | 1.43M▲ 1858.3% | 2.07M▲ 45.1% | 2.61M▲ 25.9% | 1.11M▼ 57.4% | 2.5M▲ 124.3% | 2.64M▲ 5.7% | -1.9M▲ 0% |
| Gross Margin % | -0.75% | 92.13% | -393.43% | 32.1% | 28.41% | 26.88% | 9.46% | 18.18% | 18.77% | -14.49% |
| Gross Profit Growth % | 99.64% | 25626.95% | -325.72% | 1858.33% | 45.12% | 25.9% | -57.36% | 124.28% | 5.69% | - |
| Operating Expenses | 833.4K | 501.32K | 1.44M | 4.53M | 5.7M | 5.52M | 7.69M | 16.38M | 10.33M | 6.8M |
| OpEx / Revenue % | 4409.55% | 1283.19% | 6963.33% | 101.83% | 78.11% | 56.87% | 65.41% | 119.25% | 73.52% | 51.82% |
| Depreciation & Amortization | 852.45K | 504.39K | 1.07M | 727.98K | 1.33M | 1.61M | 2.56M | 2.61M | 1.79M | 1.38M |
| Combined Ratio % | 4510.3% | 1291.06% | 7456.76% | 169.74% | 149.7% | 129.99% | 155.95% | 201.07% | 154.75% | 166.31% |
| Operating Income | -833.55K▲ 0% | -960.56K▼ 15.2% | 88.42K▲ 109.2% | -3.1M▼ 3610.5% | -3.63M▼ 16.8% | -2.91M▲ 19.7% | -6.58M▼ 126.0% | -13.88M▼ 110.9% | -7.7M▲ 44.6% | -8.7M▲ 0% |
| Operating Margin % | -4410.3% | -2458.7% | 428.18% | -69.74% | -49.7% | -29.99% | -55.95% | -101.07% | -54.75% | -66.31% |
| Operating Income Growth % | -32.28% | -15.24% | 109.2% | -3610.46% | -16.85% | 19.7% | -125.96% | -110.91% | 44.55% | - |
| EBITDA | 18.9K | -456.17K | 1.16M | -2.38M | -2.3M | -1.31M | -4.02M | -11.27M | -5.91M | -7.32M |
| EBITDA Margin % | 100% | -1167.64% | 5613.11% | -53.38% | -31.54% | -13.44% | -34.15% | -82.07% | -42.05% | -55.79% |
| Interest Expense | 0 | 179.66K | 0 | 0 | 0 | 0 | 918.03K | 1.66M | 1.58M | 1.27M |
| Non-Operating Income | 0 | 1.44M | 290.26K | 0 | 0 | 0 | -29.06M | -5.51M | -207.34K | 39.06K |
| Pretax Income | -833.55K▲ 0% | -2.58M▼ 209.3% | -961.62K▲ 62.7% | -3.5M▼ 263.5% | -3.68M▼ 5.3% | -21.1M▼ 473.1% | 21.56M▲ 202.2% | -10.03M▼ 146.5% | -9.07M▲ 9.5% | -7M▲ 0% |
| Pretax Margin % | -4410.3% | -6599.85% | -4656.76% | -78.54% | -50.45% | -217.28% | 183.32% | -73.01% | -64.55% | -53.39% |
| Income Tax | 0 | 0 | -1.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 109.19% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -833.55K▲ 0% | -2.58M▼ 209.3% | 421.75K▲ 116.4% | -3.5M▼ 928.8% | -3.68M▼ 5.3% | -21.1M▼ 473.1% | 6.47M▲ 130.6% | -12.01M▼ 285.7% | -9.07M▲ 24.5% | -7M▲ 0% |
| Net Margin % | -4410.3% | -6599.85% | 2042.38% | -78.54% | -50.45% | -217.28% | 54.98% | -87.46% | -64.55% | -53.39% |
| Net Income Growth % | -33.6% | -209.33% | 116.36% | -928.8% | -5.32% | -473.11% | 130.65% | -285.74% | 24.47% | 58.07% |
| EPS (Diluted) | -37.79▲ 0% | -115.52▼ 205.7% | 6723.61▲ 5920.3% | -18.22▼ 100.3% | -8.16▲ 55.2% | -57.57▼ 605.5% | 31.63▲ 154.9% | -10.23▼ 132.3% | -9.01▲ 11.9% | -1.20▲ 0% |
| EPS Growth % | -31.22% | -205.69% | 5920.3% | -100.27% | 55.21% | -605.51% | 154.94% | -132.34% | 11.93% | -386.04% |
| EPS (Basic) | -37.79 | -115.52 | 6723.61 | -18.22 | -8.16 | -57.57 | 31.63 | -10.23 | -9.01 | - |
| Diluted Shares Outstanding | 22.06K | 22.32K | 62.73K | 191.85K | 390.87K | 673.14K | 1.09M | 1.17M | 1.01M | 5.83M |
RELI Balance Sheet
Reliance Global Group, Inc. (RELI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Aug'16 | Aug'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 993.76K | 241.58K | 2.49M | 16.99M | 18.04M | 27.68M | 38.43M | 23.02M | 17.32M | 15.66M |
| Asset Growth % | -26.14% | -75.69% | 930.53% | 582.57% | 6.19% | 53.37% | 38.85% | -40.11% | -24.77% | -40.78% |
| Total Investment Assets | 0 | 0 | -73.48K | 0 | 1.35M | 1.35M | 900K | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | -73.48K | 0 | 1.35M | 1.35M | 900K | 0 | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 2.07K | 93.43K | 118.53K | 646.96K | 1.44M | 7.98M | 3.27M | 4.38M | 3.99M | 5.02M |
| Cash & Equivalents | 2.07K | 68.93K | 11.23K | 6.7K | 45.21K | 4.14M | 505.41K | 1.33M | 372.69K | 2.58M |
| Receivables | 0 | 24.5K | 0 | 123.06K | 868.37K | 1.03M | 1.02M | 1.31M | 1.51M | 4.2M |
| Other Current Assets | 0 | 0 | 106.07K | 484.88K | 484.37K | 484.54K | 1.74M | 1.74M | 2.11M | 1.62M |
| Goodwill & Intangibles | 0 | 0 | 2.31M | 15.18M | 14.74M | 17.13M | 27.73M | 17.74M | 12.12M | 42.79M |
| Goodwill | 0 | 0 | 1.71M | 8.55M | 8.76M | 10.05M | 14.29M | 6.69M | 6.69M | 5.56M |
| Intangible Assets | 0 | 0 | 604.49K | 6.63M | 5.98M | 7.08M | 13.44M | 11.04M | 5.42M | 3.74M |
| PP&E (Net) | 991.69K | 148.15K | 59.73K | 1.16M | 512.69K | 1.2M | 1.18M | 879.83K | 1.19M | 1.21M |
| Other Assets | -993.76K | -241.58K | 3.78K | 1.98K | 1.8K | 16.79K | 5.35M | 20.29K | 21.79K | 126.69K |
| Total Liabilities | 6.63K | 1.82M | 146.99K | 16.35M | 18.11M | 53.74M | 29.52M | 15.87M | 14.32M | 8.91M |
| Total Debt | 0 | 170.27K | 2.67M | 13.34M | 13.97M | 9.43M | 17.57M | 14.54M | 13.03M | 2.31M |
| Net Debt | -2.07K | 101.34K | 2.66M | 13.33M | 13.92M | 5.3M | 17.06M | 13.21M | 12.66M | -274.27K |
| Long-Term Debt | 0 | 0 | 1.62M | 8.42M | 8.03M | 7.44M | 13.97M | 11.92M | 9.9M | 843.17K |
| Short-Term Debt | 0 | 170.27K | 1.05M | 4.34M | 5.5M | 913.92K | 2.54M | 1.85M | 2.05M | 1.46M |
| Total Current Liabilities | 6.63K | 1.82M | 1.17M | 4.67M | 6.88M | 44.98M | 7.84M | 3.19M | 3.57M | 3.42M |
| Accounts Payable | 6.63K | 7.19K | 14.89K | 102.11K | 980.94K | 547.12K | 747.47K | 635.34K | 936.95K | 1.38M |
| Deferred Revenue | 0 | 9.35K | 87.61K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 1.63M | 35.41K | 0 | 0 | 40.95M | 3.91M | 216.06K | 58.83K | -190.24K |
| Deferred Taxes | 0 | 0 | -1.87K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -6.63K | 0 | 0 | 2.85M | 2.93M | 516.02K | 6.99M | 268.99K | 326 | 326 |
| Total Equity | 985.06K▲ 0% | -1.48M▼ 250.0% | 59.73K▲ 104.0% | 642.32K▲ 975.4% | -63.01K▼ 109.8% | -26.07M▼ 41266.9% | 8.91M▲ 134.2% | 7.15M▼ 19.8% | 3M▼ 58.1% | 6.74M▲ 0% |
| Equity Growth % | -26.71% | -249.99% | 104.04% | 975.4% | -109.81% | -41266.93% | 134.19% | -19.79% | -58.06% | 121.09% |
| Shareholders Equity | 987.13K | -1.58M | 70.96K | 642.32K | -63.01K | -26.07M | 8.91M | 7.15M | 3M | 6.74M |
| Minority Interest | -2.07K | 101.34K | -11.23K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -1.98M | -4.55M | 57.85K | -8.78M | -12.36M | -33.46M | -26.99M | -39M | -48.07M | -53.68M |
| Common Stock | 28.58K | 28.79K | 265.7K | 352.74K | 363.52K | 62.81K | 104.88K | 24.09K | 193.48K | 806.26K |
| Accumulated OCI | -50K | -50K | 57.85K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Equity (ROE) | -71.57% | - | 706.11% | -995.79% | -1270.95% | - | 72.56% | -149.58% | -178.85% | -181.42% |
| Return on Assets (ROA) | -71.27% | -417.45% | 30.88% | -35.88% | -21.01% | -92.29% | 19.56% | -39.09% | -44.99% | -41.31% |
| Equity / Assets | 99.12% | -611.58% | 2.4% | 3.78% | -0.35% | -94.18% | 23.19% | 31.06% | 17.31% | 43.08% |
| Debt / Equity | - | - | 44.77x | 20.77x | - | - | 1.97x | 2.03x | 4.35x | 4.35x |
| Book Value per Share | 44.65 | -66.19 | 0.95 | 3.35 | -0.16 | -38.72 | 8.14 | 6.09 | 2.98 | 1.16 |
| Tangible BV per Share | 44.65 | -66.19 | -35.87 | -75.79 | -37.88 | -64.17 | -17.18 | -9.02 | -9.06 | -0.44 |
RELI Cash Flow Statement
Reliance Global Group, Inc. (RELI) cash flow — operating, investing & free cash flow history
| Line item | Aug'16 | Aug'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -115.3K | -140.64K | -252.7K | -373.93K | -468.46K | -2.25M | -3.19M | -847.97K | -2.52M | -2.52M |
| Operating CF Growth % | -179.62% | -21.98% | -79.68% | -47.97% | -25.28% | -380.99% | -41.57% | 73.42% | -196.61% | 160.57% |
| Operating CF / Revenue % | -610.03% | -359.99% | -1223.74% | -8.4% | -6.42% | -23.2% | -27.12% | -6.18% | -17.9% | -19.18% |
| Net Income | -833.55K | -2.58M | 421.75K | -3.5M | -3.7M | -21.1M | 6.47M | -12.01M | -9.07M | -7M |
| Depreciation & Amortization | 346.4K | 324.17K | 88.42K | 727.98K | 1.33M | 1.61M | 2.8M | 2.61M | 1.79M | 674.06K |
| Stock-Based Compensation | 366.58K | 0 | 548.25K | 1.05M | 1.47M | 749.13K | 1.25M | 875.11K | 533.63K | 3M |
| Deferred Taxes | 0 | 0 | 0 | 593.79K | -508.7K | 17.65M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 366.58K | 2.1M | -578.33K | 842.67K | 23.28K | -329.32K | -14.61M | 7.99M | 4.19M | -4.03M |
| Working Capital Changes | 5.28K | 9.91K | -13.62K | -90.27K | 919.55K | -834.74K | 904.89K | -316.67K | 49.7K | 581.68K |
| Cash from Investing | 0 | 0 | 5K | -11.88M | -1.95M | -2.3M | -24.64M | 710.19K | -83.23K | 4.26M |
| Capital Expenditures | 0 | 0 | -56.19K | -562.33K | 0 | -690.77K | -953.56K | -22.86K | -24.26K | -11.57K |
| Acquisitions | 0 | 0 | 5K | -11.32M | -1.95M | -1.61M | -24.14M | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | -1.35M | 0 | 24.64M | 0 | 0 | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 450K | 900K | 0 | 0 |
| Other Investing | 0 | 0 | -2.28K | 0 | 1.35M | -619.67K | -24.64M | -166.95K | -58.97K | 4.28M |
| Cash from Financing | 110K | 207.5K | 190K | 12.64M | 2.45M | 8.64M | 25.12M | 966.92K | 1.66M | -778.88K |
| Dividends Paid | 0 | 0 | -66.65K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 110K | 12.5K | 190K | 2.57M | 1.2M | 10.5M | 17.87M | 3.45M | 3.71M | 5.4M |
| Debt Issuance (Net) | 0 | 195K | 0 | 1000K | -188.8K | -1000K | 1000K | -1000K | -1000K | -1.44M |
| Other Financing | 0 | 12.5K | 256.65K | -216.13K | 2.64M | -452.24K | 603.02K | 591.35K | 0 | -73 |
| Net Change in Cash | -5.3K▲ 0% | 66.86K▲ 1362.5% | -57.7K▼ 186.3% | 390.38K▲ 776.5% | 38K▼ 90.3% | 4.09M▲ 10667.3% | -2.71M▼ 166.3% | 829.14K▲ 130.6% | -941.22K▼ 213.5% | 1.15M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 7.37K | 2.07K | 68.93K | 101.21K | 491.58K | 529.58K | 4.62M | 1.91M | 2.74M | 3.38M |
| Cash at End | 2.07K | 68.93K | 11.23K | 491.58K | 529.58K | 4.62M | 1.91M | 2.74M | 1.8M | 3.5M |
| Free Cash Flow | -115.3K▲ 0% | -140.64K▼ 22.0% | -308.9K▼ 119.6% | -936.26K▼ 203.1% | -468.46K▲ 50.0% | -2.94M▼ 528.4% | -3.99M▼ 35.6% | -1.04M▲ 74.0% | -2.6M▼ 150.4% | -2.37M▲ 0% |
| FCF Growth % | -179.62% | -21.98% | -119.64% | -203.1% | 49.96% | -528.45% | -35.6% | 74% | -150.38% | 6.95% |
| FCF Margin % | -610.03% | -359.99% | -1495.86% | -21.04% | -6.42% | -30.32% | -33.94% | -7.56% | -18.49% | -18.06% |
| FCF per Share | -5.23 | -6.3 | -4.92 | -4.88 | -1.2 | -4.37 | -3.65 | -0.88 | -2.58 | -2.58 |
RELI Key Ratios
Reliance Global Group, Inc. (RELI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 4510.3% | 1291.06% | 7456.76% | 169.74% | 149.7% | 129.99% | 155.95% | 201.07% | 154.75% | 166.31% |
| Medical Cost Ratio | 100.75% | 7.87% | 493.43% | 67.9% | 71.59% | 73.12% | 90.54% | 81.82% | 81.23% | 114.49% |
| Return on Equity (ROE) | -71.57% | - | 706.11% | -995.79% | -1270.95% | - | 72.56% | -149.58% | -178.85% | -181.42% |
| Return on Assets (ROA) | -71.27% | -417.45% | 30.88% | -35.88% | -21.01% | -92.29% | 19.56% | -39.09% | -44.99% | -41.31% |
| Equity / Assets | 99.12% | -611.58% | 2.4% | 3.78% | -0.35% | -94.18% | 23.19% | 31.06% | 17.31% | 43.08% |
| Book Value / Share | 44.65 | -66.19 | 0.95 | 3.35 | -0.16 | -38.72 | 8.14 | 6.09 | 2.98 | 1.16 |
| Debt / Equity | - | - | 44.77x | 20.77x | - | - | 1.97x | 2.03x | 4.35x | 4.35x |
| Revenue Growth | -75% | 106.71% | -47.14% | 21453.44% | 63.95% | 33.07% | 21.13% | 16.75% | 2.35% | -6.84% |
RELI Frequently Asked Questions
Reliance Global Group, Inc. (RELI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Reliance Global Group, Inc. (RELI) grew revenue by 2.3% over the past year. Growth has been modest.
Reliance Global Group, Inc. (RELI) reported a net loss of $7.0M for fiscal year 2024.
Dividend & Returns
Reliance Global Group, Inc. (RELI) has a return on equity (ROE) of -178.8%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Reliance Global Group, Inc. (RELI) has a combined ratio of 154.8%. A ratio above 100% means claims and expenses exceed premiums.
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Reliance Global Group, Inc. (RELI) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
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Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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