From GlobeNewswire: 2025-05-14 16:05:00

Reliance Global Group, Inc. (Nasdaq: RELI) reported improved financial results for Q1 2025, with a 4% increase in commission income revenue to $4,236,220. Net loss decreased by 68% to $1,736,882, and Adjusted EBITDA increased by 297% to $145,407. The company’s disciplined fiscal management and operational growth drove these positive results.

Chairman and CEO, Ezra Beyman, expressed excitement for the future after the company’s successful 2024 and upcoming Spetner acquisition. RELI Auto Leasing was launched to enhance the client experience and provide new revenue streams for agents. Advanced InsurTech solutions are transforming the agent experience, positioning the company for exceptional growth in 2025 and beyond.

Reliance Global Group will host a conference call to discuss Q1 2025 financial results and corporate progress. The call will be available via telephone or webcast. A webcast replay will also be accessible on the investor relations section of the company’s website. The company’s InsurTech platform, RELI Exchange, aims to revolutionize the insurance industry by providing tools for independent agencies to compete effectively and reduce costs.

The Company utilizes Adjusted EBITDA as a key financial metric to evaluate operational performance. Adjustments include interest expenses, depreciation, asset impairments, and other non-operational costs, to provide a clearer view of core operational performance. A reconciliation table from net loss to AEBITDA for Q1 2025 and 2024 is provided, showcasing the company’s financial progress and improved profitability.



Read more at GlobeNewswire:: Reliance Global Group Reports 2025 First Quarter Results