Equity has eroded significantly, falling from $13.9 million in 2023Q3 to $6.7 million in 2025Q3, while the firm faces potential impairment risks from its intangible asset concentration.
| Total Assets | 15.66M | 17.32M | 23.02M | 38.43M | 27.68M | 18.04M | 16.99M | 2.49M | 241.58K | 993.76K | 1.35M | 1.77M | 1.97M |
| Asset Growth % | -40.78% | -24.77% | -40.11% | 38.85% | 53.37% | 6.19% | 582.57% | 930.53% | -75.69% | -26.14% | -23.81% | -10.41% | - |
| Total Investment Assets | 0 | 0 | 0 | 900K | 1.35M | 1.35M | 0 | -73.48K | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 900K | 1.35M | 1.35M | 0 | -73.48K | 0 | 0 | 0 | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 5.02M | 3.99M | 4.38M | 3.27M | 7.98M | 1.44M | 646.96K | 118.53K | 93.43K | 2.07K | 7.37K | 88.72K | 64.63K |
| Cash & Equivalents | 2.58M | 372.69K | 1.33M | 505.41K | 4.14M | 45.21K | 6.7K | 11.23K | 68.93K | 2.07K | 7.37K | 10.6K | 49.45K |
| Receivables | 4.2M | 1.51M | 1.31M | 1.02M | 1.03M | 868.37K | 123.06K | 0 | 24.5K | 0 | 0 | 78.12K | 4.6K |
| Other Current Assets | 1.62M | 2.11M | 1.74M | 1.74M | 484.54K | 484.37K | 484.88K | 106.07K | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 42.79M | 12.12M | 17.74M | 27.73M | 17.13M | 14.74M | 15.18M | 2.31M | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 5.56M | 6.69M | 6.69M | 14.29M | 10.05M | 8.76M | 8.55M | 1.71M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.74M | 5.42M | 11.04M | 13.44M | 7.08M | 5.98M | 6.63M | 604.49K | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 1.21M | 1.19M | 879.83K | 1.18M | 1.2M | 512.69K | 1.16M | 59.73K | 148.15K | 991.69K | 1.34M | 1.68M | 1.75M |
| Other Assets | 126.69K | 21.79K | 20.29K | 5.35M | 16.79K | 1.8K | 1.98K | 3.78K | -241.58K | -993.76K | 0 | 0 | 157.84K |
| Total Liabilities | 8.91M | 14.32M | 15.87M | 29.52M | 53.74M | 18.11M | 16.35M | 146.99K | 1.82M | 6.63K | 1.35K | 10.46K | 767 |
| Total Debt | 2.31M | 13.03M | 14.54M | 17.57M | 9.43M | 13.97M | 13.34M | 2.67M | 170.27K | 0 | 0 | 0 | 0 |
| Net Debt | -274.27K | 12.66M | 13.21M | 17.06M | 5.3M | 13.92M | 13.33M | 2.66M | 101.34K | -2.07K | -7.37K | -10.6K | -49.45K |
| Long-Term Debt | 843.17K | 9.9M | 11.92M | 13.97M | 7.44M | 8.03M | 8.42M | 1.62M | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 1.46M | 2.05M | 1.85M | 2.54M | 913.92K | 5.5M | 4.34M | 1.05M | 170.27K | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 3.42M | 3.57M | 3.19M | 7.84M | 44.98M | 6.88M | 4.67M | 1.17M | 1.82M | 6.63K | 1.35K | 10.46K | 767 |
| Accounts Payable | 1.38M | 936.95K | 635.34K | 747.47K | 547.12K | 980.94K | 102.11K | 14.89K | 7.19K | 6.63K | 1.35K | 10.46K | 767 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87.61K | 9.35K | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -190.24K | 58.83K | 216.06K | 3.91M | 40.95M | 0 | 0 | 35.41K | 1.63M | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.87K | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 326 | 326 | 268.99K | 6.99M | 516.02K | 2.93M | 2.85M | 0 | 0 | -6.63K | 0 | 0 | 0 |
| Total Equity | 6.74M | 3M | 7.15M | 8.91M | -26.07M | -63.01K | 642.32K | 59.73K | -1.48M | 985.06K | 1.34M | 1.76M | 1.97M |
| Equity Growth % | 121.09% | -58.06% | -19.79% | 134.19% | -41266.93% | -109.81% | 975.4% | 104.04% | -249.99% | -26.71% | -23.44% | -10.9% | - |
| Shareholders Equity | 6.74M | 3M | 7.15M | 8.91M | -26.07M | -63.01K | 642.32K | 70.96K | -1.58M | 987.13K | 1.34M | 1.76M | 1.97M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11.23K | 101.34K | -2.07K | 0 | 0 | 0 |
| Retained Earnings | -53.68M | -48.07M | -39M | -26.99M | -33.46M | -12.36M | -8.78M | 57.85K | -4.55M | -1.98M | -1.14M | -518.36K | -174.78K |
| Common Stock | 806.26K | 193.48K | 24.09K | 104.88K | 62.81K | 363.52K | 352.74K | 265.7K | 28.79K | 28.58K | 27.99K | 27.74K | 24.69K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57.85K | -50K | -50K | -50K | -50K | 0 |
| Return on Equity (ROE) | -181.42% | -178.85% | -149.58% | 72.56% | - | -1270.95% | -995.79% | 706.11% | - | -71.57% | -40.26% | -18.44% | -15.21% |
| Return on Assets (ROA) | -41.31% | -44.99% | -39.09% | 19.56% | -92.29% | -21.01% | -35.88% | 30.88% | -417.45% | -71.27% | -40.11% | -18.39% | -15.2% |
| Equity / Assets | 43.08% | 17.31% | 31.06% | 23.19% | -94.18% | -0.35% | 3.78% | 2.4% | -611.58% | 99.12% | 99.9% | 99.41% | 99.96% |
| Debt / Equity | 0.34x | 4.35x | 2.03x | 1.97x | - | - | 20.77x | 44.77x | - | - | - | - | - |
| Book Value per Share | 1.16 | 2.98 | 6.09 | 8.14 | -38.72 | -0.16 | 3.35 | 0.95 | -66.19 | 44.65 | 62.04 | 85.07 | 102.60 |
| Tangible BV per Share | -0.44 | -9.06 | -9.02 | -17.18 | -64.17 | -37.88 | -75.79 | -35.87 | -66.19 | 44.65 | 62.04 | 85.07 | 102.60 |
Severe liquidity and solvency
As reported in recent financial statements, Reliance Global Group's equity has contracted from $13.9 million in 2023Q3 to $6.7 million by 2025Q3, reflecting a persistent inability to generate internal capital to offset ongoing operational losses and the dilution of its asset base.
The consistent decline in total assets alongside shrinking equity suggests that the company is struggling to maintain its balance sheet integrity. This trend warrants further investigation into whether the firm can sustain its current operational footprint without further dilutive capital raises.
Based on the provided quarterly data, loss reserves have fluctuated significantly, reaching $4.9 million in 2025Q3, which appears to indicate inconsistent underwriting performance and potential exposure to adverse development in the company's specialized insurance lines.
The spike in loss reserves relative to the company's limited equity base suggests that the firm may be under-capitalized for the risks it currently underwrites. Investors should monitor whether these reserve levels are sufficient to cover future claims, as any further adverse development could severely impact the firm's solvency.
According to recent SEC filings, the company's cash position has dwindled to a nominal $372,695, a figure that appears dangerously low when contrasted against the $4.9 million in loss reserves, suggesting the firm lacks the necessary liquidity to meet unexpected claims-paying obligations.
The lack of a meaningful cash buffer implies that the company is highly sensitive to the timing of premium collections and commission payments. This liquidity profile suggests that the firm may be forced into emergency financing or asset divestitures to maintain its day-to-day operations.
As indicated by the balance sheet structure, the company's reliance on acquisitions has likely resulted in a significant concentration of goodwill and intangible assets, which may be vulnerable to impairment given the persistent negative operating margins and the firm's current market valuation.
The high proportion of intangible assets relative to total equity suggests that the balance sheet may be overstating the firm's tangible net worth. If the company fails to achieve profitability, these assets may require substantial write-downs, further weakening an already strained capital position.
Quick answers to the most common questions about buying RELI stock.
As of 2024, Reliance Global Group, Inc. (RELI) had total assets of $17.3M including $4.0M in current assets.
Reliance Global Group, Inc. (RELI) carries total debt of $13.0M, offset by $0.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Reliance Global Group, Inc. (RELI) has total shareholders' equity (book value) of $3.0M ($2.98 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Reliance Global Group, Inc. (RELI) reported a current ratio of 1.12x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.