{ "ok": true, "cik": "1812727", "ticker": "EZRA", "name": "Reliance Global Group, Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-16", "items": [ "2.01 Completion of Acquisition or Disposition of Assets", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1812727/000149315226042846/0001493152-26-042846-index.htm" }, { "form": "8-K", "filed": "2026-09-11", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1812727/000149315226042319/0001493152-26-042319-index.htm" }, { "form": "8-K", "filed": "2026-09-09", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1812727/000149315226041914/0001493152-26-041914-index.htm" }, { "form": "8-K", "filed": "2026-09-03", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.03 Material Modifications to Rights of Security Holders", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1812727/000149315226041371/0001493152-26-041371-index.htm" }, { "form": "S-1", "filed": "2026-08-27", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1812727/000149315226040436/0001493152-26-040436-index.htm" }, { "form": "8-K", "filed": "2026-08-27", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1812727/000149315226040390/0001493152-26-040390-index.htm" } ], "events12m": 26, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001812727.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1812727" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up Reliance Global Group, Inc. ($EZRA). Last filing: 8-K (2.01 Completion of Acquisition or Disposition of Assets), 2026-09-16. 26 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 12430959, "revenueGrowth1y": -0.11550877339780874, "revenueGrowthPerYear": 0.06369622128057584, "yearsOfData": 5, "operatingMargin": -0.7250443026961958, "operatingMarginPrior": -0.5475395857556242, "netMargin": -0.5621252551794275, "operatingCashFlow": -3094535, "capitalSpending": 15901, "freeCashFlow": -3110436, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": null, "longTermDebt": 5101266, "longTermDebtChange": -0.5387776790163105, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 9710334 }, { "fiscalYearEnd": "2022-12-31", "revenue": 11761882 }, { "fiscalYearEnd": "2023-12-31", "revenue": 13731826 }, { "fiscalYearEnd": "2024-12-31", "revenue": 14054361 }, { "fiscalYearEnd": "2025-12-31", "revenue": 12430959 } ], "totalEquity": 6427430, "totalAssets": 13548421, "equityRatio": 0.47440436047861223, "returnOnEquity": -1.0871773010363395, "dividendsPaid": 388379, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 8681087.43940929, "high": 15587868.957151603, "baseline": 11828706.144446503, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 8681087.43940929, "high": 15587868.957151603 } }, "edgarette": "🔖 Exposure: revenue $12.4M (FY2025), total debt $5.1M. Experience: revenue down 11.6% on the year, up 6.4% a year over 4 years; operating margin -72.5%, down from -54.8%. Soundness: equity 47.4% of assets, return on equity -108.7%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $8.7M and $15.6M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (16 filers, $50M+ revenue, insurance agents, brokers & service): operating margin -72.5% against a 15.5% median; growth -11.6% against 15.8%.", "peers": { "sic": 6411, "sicDescription": "Insurance Agents, Brokers & Service", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6411", "growth": [ 0.1582, 24 ], "opMargin": [ 0.1553, 16 ], "equityRatio": [ 0.2252, 22 ], "returnOnEquity": [ 0.1198, 14 ], "payoutRatio": [ 0.4084, 11 ] }, "summary": "Reliance Global Group (EZRA) saw revenue fall 11.6% in FY2025 to $12 million, operating margin -72.5% against a 15.5% median for insurance agents, brokers & service, equity 47.4% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Reliance Global Group, Inc. against its own record and its peers
Operating marginPeer median 15.5%-72.5%Revenue, on the yearPeer median 15.8%-11.6%Equity of assetsPeer median 22.5%47.4%Return on equityPeer median 12.0%-108.7%Gold tick: the median of 14–22 peers with $50M+ revenue in insurance agents, brokers & service
", "chartHorizon": null, "backtest": { "tests": 3, "hits": 3, "rate": 1, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:07:27.593Z", "hash": "5da7059f3d436b92", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Reliance Global Group (EZRA) saw revenue fall 11.6% in FY2025 to $12 million, operating margin -72.5% against a 15.5% median for insurance agents, brokers & service, equity 47.4% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 12430959, "totalDebt": 5101266, "cash": null }, "experience": { "revenueGrowth1y": -0.11550877339780874, "revenueGrowthPerYear": 0.06369622128057584, "operatingMargin": -0.7250443026961958, "operatingMarginPrior": -0.5475395857556242, "netMargin": -0.5621252551794275, "freeCashFlow": -3110436 }, "soundness": { "equityRatio": 0.47440436047861223, "returnOnEquity": -1.0871773010363395, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6411, "sicDescription": "Insurance Agents, Brokers & Service", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6411", "growth": [ 0.1582, 24 ], "opMargin": [ 0.1553, 16 ], "equityRatio": [ 0.2252, 22 ], "returnOnEquity": [ 0.1198, 14 ], "payoutRatio": [ 0.4084, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 8681087.43940929, "high": 15587868.957151603, "baseline": 11828706.144446503, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 3, "hits": 3, "rate": 1, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:07:27.593Z", "hash": "5da7059f3d436b92", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001812727.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1812727" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }