What is Reliance Global Group Inc's earnings per share (EPS)?

Reliance Global Group Inc (RELI) reported diluted earnings per share of $-1.28 for fiscal year 2025. This represents a 85.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Reliance Global Group Inc Financials

RELI

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Reliance Global Group Inc (RELI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI RELI FY2025 2026-04-22

Balance-sheet repair is masking a still-cash-burning operating model whose revenue base remains too small to absorb overhead.

FY2025 showed better liquidity on paper, with the current ratio improving to 1.8x, even as core cash burn worsened to -$3.1M and remained larger than year-end cash. Because investing cash flow was a positive $5.3M while financing cash flow was -$1.3M, the balance-sheet cleanup appears to have come mainly from asset sales rather than from a business that is now funding itself internally.

This is not a capex-hungry business: capital spending was only $16K in FY2025, so free cash flow of -$3.1M was essentially operating burn, not heavy reinvestment. That points to a cost structure problem more than an expansion problem, because the business is consuming cash to support existing operations, not to fund much new capacity.

With revenue staying in roughly the same band, fixed-cost absorption looks weak: operating margin moved from -54.8% to -72.5% as sales slipped in FY2025. Leverage eased materially, with debt-to-equity falling from 3.2x to 0.6x, so the company looks less balance-sheet constrained even though its operating model has not yet stabilized.

Financial Health Signals

Financial Health Score 20/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Reliance Global Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

-6.46

Reliance Global Group Inc scores -6.46, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.1M) relative to total liabilities ($7.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Reliance Global Group Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.44x

For every $1 of reported earnings, Reliance Global Group Inc generates $0.44 in operating cash flow (-$3.1M OCF vs -$7.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-8.6x

Reliance Global Group Inc earns $-8.6 in operating income for every $1 of interest expense (-$9.0M vs $1.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$12.4M

YoY-11.6%

5Y CAGR+11.2%

Reliance Global Group Inc generated $12.4M in revenue in fiscal year 2025. This represents a decrease of 11.6% from the prior year.

EBITDA

-$7.7M

YoY-30.0%

Reliance Global Group Inc's EBITDA was -$7.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.0% from the prior year.

Net Income

-$7.0M

YoY+23.0%

Reliance Global Group Inc reported -$7.0M in net income in fiscal year 2025. This represents an increase of 23.0% from the prior year.

EPS (Diluted)

$-1.28

YoY+85.8%

Reliance Global Group Inc earned $-1.28 per diluted share (EPS) in fiscal year 2025. This represents an increase of 85.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$3.1M

YoY-22.5%

Reliance Global Group Inc generated -$3.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.5% from the prior year.

Cash & Debt

$1.3M

YoY+253.0%

5Y CAGR+19.9%

Reliance Global Group Inc held $1.3M in cash against $4.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.0%

Reliance Global Group Inc had 2M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-72.5%

YoY-17.8pp

5Y CAGR-22.8pp

Reliance Global Group Inc's operating margin was -72.5% in fiscal year 2025, reflecting core business profitability. This is down 17.8 percentage points from the prior year.

Net Margin

-56.2%

YoY+8.3pp

5Y CAGR-5.8pp

Reliance Global Group Inc's net profit margin was -56.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.3 percentage points from the prior year.

Return on Equity

-108.7%

YoY+193.9pp

Reliance Global Group Inc's ROE was -108.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 193.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$16K

YoY-34.4%

Reliance Global Group Inc invested $16K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 34.4% from the prior year.

RELI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$12.4M-11.6%	$14.1M+2.3%	$13.7M+16.7%	$11.8M+21.1%	$9.7M+33.1%	$7.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.9M+16.4%	$4.2M+3.2%	$4.1M-17.5%	$5.0M+38.2%	$3.6M-14.7%	$4.2M
Operating Income	-$9.0M-17.1%	-$7.7M+44.6%	-$13.9M-110.9%	-$6.6M-126.0%	-$2.9M+19.7%	-$3.6M
Interest Expense	$1.0M	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$7.0M+23.0%	-$9.1M+24.5%	-$12.0M-285.7%	$6.5M+130.6%	-$21.1M-473.1%	-$3.7M
EPS (Diluted)	$-1.28+85.8%	$-9.01	$-87.70	$-0.42	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$3.8M+46.5%	$2.6M+4.7%	$2.5M-19.1%	$3.1M-27.1%	$4.2M+28.5%	$3.3M-4.2%	$3.4M+6.4%	$3.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4M+73.7%	$781K-30.3%	$1.1M-24.9%	$1.5M-1.5%	$1.5M+47.0%	$1.0M+25.6%	$822K-17.2%	$992K
Operating Income	-$1.2M+6.1%	-$1.3M+66.3%	-$3.9M-65.0%	-$2.4M-68.6%	-$1.4M-40.0%	-$1.0M-96.3%	-$512K+55.3%	-$1.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	N/A	$0	N/A	$0	N/A	$0	$0
Net Income	-$1.5M-6.3%	-$1.4M-19.6%	-$1.2M+57.3%	-$2.7M-56.1%	-$1.7M-24.2%	-$1.4M-67.0%	-$837K+43.8%	-$1.5M
EPS (Diluted)	$-0.09	N/A	$-0.20+76.5%	$-0.85-28.8%	$-0.66	N/A	$-0.67+75.7%	$-2.76

RELI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$13.5M-21.8%	$17.3M-24.8%	$23.0M-40.1%	$38.4M+38.9%	$27.7M+53.4%	$18.0M
Current Assets	$4.3M+7.1%	$4.0M-8.9%	$4.4M+34.1%	$3.3M-59.1%	$8.0M+455.8%	$1.4M
Cash & Equivalents	$1.3M+253.0%	$373K-72.0%	$1.3M+163.0%	$505K-87.8%	$4.1M+680.4%	$530K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$994K-3.0%	$1.0M-65.0%	$2.9M
Goodwill	$4.8M-28.5%	$6.7M0.0%	$6.7M-53.2%	$14.3M+42.2%	$10.1M+14.7%	$8.8M
Total Liabilities	$7.1M-50.3%	$14.3M-9.8%	$15.9M-46.2%	$29.5M-45.1%	$53.7M+196.8%	$18.1M
Current Liabilities	$2.4M-32.9%	$3.6M+12.0%	$3.2M-59.3%	$7.8M-82.6%	$45.0M+553.4%	$6.9M
Long-Term Debt	$4.1M-57.1%	$9.5M-14.1%	$11.0M-10.7%	$12.3M+74.3%	$7.1M-10.2%	$7.9M
Total Equity	$6.4M+114.4%	$3.0M-58.1%	$7.1M-19.8%	$8.9M+134.2%	-$26.1M-41266.9%	-$63K
Retained Earnings	-$55.1M-14.5%	-$48.1M-23.3%	-$39.0M-44.5%	-$27.0M+19.3%	-$33.5M-170.7%	-$12.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$13.8M+1.8%	$13.5M-13.5%	$15.7M-13.1%	$18.0M+7.1%	$16.8M-2.8%	$17.3M-0.6%	$17.4M-5.0%	$18.3M
Current Assets	$4.5M+4.5%	$4.3M-14.9%	$5.0M-29.4%	$7.1M+84.7%	$3.9M-3.5%	$4.0M+4.0%	$3.8M-11.3%	$4.3M
Cash & Equivalents	$2.3M+72.8%	$1.3M-49.0%	$2.6M+31.9%	$2.0M+403.9%	$388K+4.2%	$373K-59.7%	$925K-34.2%	$1.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.8M0.0%	$4.8M-13.9%	$5.6M0.0%	$5.6M-16.9%	$6.7M0.0%	$6.7M0.0%	$6.7M0.0%	$6.7M
Total Liabilities	$6.4M-10.6%	$7.1M-20.1%	$8.9M-40.3%	$14.9M+5.1%	$14.2M-0.8%	$14.3M-1.9%	$14.6M-5.5%	$15.5M
Current Liabilities	$1.9M-22.4%	$2.4M-30.0%	$3.4M-31.8%	$5.0M+27.8%	$3.9M+9.9%	$3.6M+5.0%	$3.4M-8.6%	$3.7M
Long-Term Debt	$3.9M-3.6%	$4.1M-12.5%	$4.6M-46.2%	$8.6M-4.7%	$9.1M-4.4%	$9.5M-4.2%	$9.9M-3.9%	$10.3M
Total Equity	$7.4M+15.4%	$6.4M-4.7%	$6.7M+118.8%	$3.1M+17.8%	$2.6M-12.7%	$3.0M+6.3%	$2.8M-2.4%	$2.9M
Retained Earnings	-$56.5M-2.7%	-$55.1M-2.6%	-$53.7M-2.2%	-$52.5M-5.4%	-$49.8M-3.6%	-$48.1M-3.0%	-$46.7M-1.8%	-$45.8M

RELI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.1M-23.0%	-$2.5M-196.6%	-$848K+73.4%	-$3.2M-41.6%	-$2.3M-381.0%	-$468K
Capital Expenditures	$16K-34.4%	$24K+6.1%	$23K-62.8%	$61K-13.6%	$71K	N/A
Free Cash Flow	-$3.1M-22.5%	-$2.5M-191.6%	-$871K+73.2%	-$3.3M-39.9%	-$2.3M	N/A
Investing Cash Flow	$5.3M+6501.7%	-$83K-111.7%	$710K+102.9%	-$24.6M-971.7%	-$2.3M-18.1%	-$1.9M
Financing Cash Flow	-$1.3M-178.4%	$1.7M+71.4%	$967K-96.2%	$25.1M+190.6%	$8.6M+252.4%	$2.5M
Dividends Paid	$388K	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$571K+64.9%	-$1.6M-99.6%	-$814K+4.5%	-$853K-530.9%	$198K+122.8%	-$867K-14.4%	-$758K-10.7%	-$685K
Capital Expenditures	N/A	$0-100.0%	$6K+50.3%	$4K-20.2%	$5K+1.8%	$5K+43.0%	$4K+18.2%	$3K
Free Cash Flow	N/A	-$1.6M-98.0%	-$821K+4.2%	-$857K-545.0%	$193K+122.1%	-$872K-14.5%	-$762K-10.7%	-$688K
Investing Cash Flow	-$500K-148.1%	$1.0M-75.9%	$4.3M+35501.9%	-$12K+18.4%	-$15K+38.9%	-$24K-9.8%	-$22K-214.0%	-$7K
Financing Cash Flow	$1.6M+950.3%	-$185K+94.5%	-$3.4M-238.9%	$2.4M+1536.3%	-$169K-150.4%	$336K+5.4%	$319K-77.2%	$1.4M
Dividends Paid	$131K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RELI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-72.5%-17.8pp	-54.8%+46.3pp	-101.1%-45.1pp	-56.0%-26.0pp	-30.0%+19.7pp	-49.7%
Net Margin	-56.2%+8.3pp	-64.5%+22.9pp	-87.5%-142.4pp	55.0%+272.3pp	-217.3%-166.8pp	-50.4%
Return on Equity	-108.7%+193.9pp	-302.7%-134.6pp	-168.0%-240.6pp	72.6%	N/A	N/A
Return on Assets	-51.6%+0.8pp	-52.4%-0.2pp	-52.2%-69.0pp	16.8%+93.1pp	-76.2%-55.8pp	-20.4%
Current Ratio	1.78+0.7	1.12-0.3	1.37+1.0	0.42+0.2	0.18-0.0	0.21
Debt-to-Equity	0.63-2.5	3.16+1.6	1.54+0.2	1.39+1.7	-0.27+124.9	-125.15
FCF Margin	-25.0%-6.9pp	-18.1%-11.7pp	-6.3%+21.3pp	-27.6%-3.7pp	-23.9%	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-32.4%+18.1pp	-50.5%+106.3pp	-156.8%-80.0pp	-76.8%-43.6pp	-33.2%-2.7pp	-30.5%-15.6pp	-14.9%+20.6pp	-35.5%
Net Margin	-38.4%+14.5pp	-53.0%-6.6pp	-46.3%+41.5pp	-87.8%-46.8pp	-41.0%+1.4pp	-42.4%-18.1pp	-24.3%+21.7pp	-46.1%
Return on Equity	-19.8%+1.7pp	-21.5%-4.4pp	-17.2%+70.8pp	-88.0%-21.6pp	-66.4%-19.7pp	-46.7%-17.0pp	-29.7%+21.9pp	-51.5%
Return on Assets	-10.7%-0.5pp	-10.2%-2.8pp	-7.4%+7.7pp	-15.0%-4.7pp	-10.3%-2.2pp	-8.1%-3.3pp	-4.8%+3.3pp	-8.1%
Current Ratio	2.40+0.6	1.78+0.3	1.47+0.1	1.42+0.4	0.98-0.1	1.12-0.0	1.13-0.0	1.16
Debt-to-Equity	0.53-0.1	0.63-0.1	0.69-2.1	2.80-0.7	3.46+0.3	3.16-0.3	3.51-0.1	3.56
FCF Margin	N/A	-62.2%-29.3pp	-32.9%-5.1pp	-27.8%-32.3pp	4.5%+31.0pp	-26.5%-4.3pp	-22.1%-0.9pp	-21.3%

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Frequently Asked Questions

What is Reliance Global Group Inc's annual revenue?

Reliance Global Group Inc (RELI) reported $12.4M in total revenue for fiscal year 2025. This represents a -11.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Reliance Global Group Inc's revenue growing?

Reliance Global Group Inc (RELI) revenue declined by 11.6% year-over-year, from $14.1M to $12.4M in fiscal year 2025.

Is Reliance Global Group Inc profitable?

No, Reliance Global Group Inc (RELI) reported a net income of -$7.0M in fiscal year 2025, with a net profit margin of -56.2%.

What is Reliance Global Group Inc's EBITDA?

Reliance Global Group Inc (RELI) had EBITDA of -$7.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Reliance Global Group Inc have?

As of fiscal year 2025, Reliance Global Group Inc (RELI) had $1.3M in cash and equivalents against $4.1M in long-term debt.

What is Reliance Global Group Inc's operating margin?

Reliance Global Group Inc (RELI) had an operating margin of -72.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Reliance Global Group Inc's net profit margin?

Reliance Global Group Inc (RELI) had a net profit margin of -56.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Reliance Global Group Inc's return on equity (ROE)?

Reliance Global Group Inc (RELI) has a return on equity of -108.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Reliance Global Group Inc's free cash flow?

Reliance Global Group Inc (RELI) generated -$3.1M in free cash flow during fiscal year 2025. This represents a -22.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Reliance Global Group Inc's operating cash flow?

Reliance Global Group Inc (RELI) generated -$3.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Reliance Global Group Inc's total assets?

Reliance Global Group Inc (RELI) had $13.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Reliance Global Group Inc's capital expenditures?

Reliance Global Group Inc (RELI) invested $16K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Reliance Global Group Inc have outstanding?

Reliance Global Group Inc (RELI) had 2M shares outstanding as of fiscal year 2025.

What is Reliance Global Group Inc's current ratio?

Reliance Global Group Inc (RELI) had a current ratio of 1.78 as of fiscal year 2025, which is generally considered healthy.

What is Reliance Global Group Inc's debt-to-equity ratio?

Reliance Global Group Inc (RELI) had a debt-to-equity ratio of 0.63 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Reliance Global Group Inc's return on assets (ROA)?

Reliance Global Group Inc (RELI) had a return on assets of -51.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Reliance Global Group Inc's cash runway?

Based on fiscal year 2025 data, Reliance Global Group Inc (RELI) had $1.3M in cash against an annual operating cash burn of $3.1M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Reliance Global Group Inc's Altman Z-Score?

Reliance Global Group Inc (RELI) has an Altman Z-Score of -6.46, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Reliance Global Group Inc's Piotroski F-Score?

Reliance Global Group Inc (RELI) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Reliance Global Group Inc's earnings high quality?

Reliance Global Group Inc (RELI) has an earnings quality ratio of 0.44x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Reliance Global Group Inc cover its interest payments?

Reliance Global Group Inc (RELI) has an interest coverage ratio of -8.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Reliance Global Group Inc?

Reliance Global Group Inc (RELI) scores 20 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.