Exzeo Group Financials
This page shows Exzeo Group (XZO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Profit is scaling faster than sales, and minimal reinvestment needs turn margin expansion into strong cash accumulation.
The FY2025 cash build was not just an earnings story: operating cash flow of$100.3M closely backed net income of$82.7M , which suggests the reported profit was converting into real cash rather than being trapped in working capital. But the balance sheet’s improvement also leaned on external funding, because financing inflow of$153.6M exceeded free cash flow of$97.5M .
This was not merely a bigger-sales year. Gross margin expansion from
The company also looks light on ongoing reinvestment: capital spending was only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Exzeo Group'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.
Exzeo Group has an operating margin of 48.9%, meaning the company retains $49 of operating profit per $100 of revenue. This strong profitability earns a score of 97/100, reflecting efficient cost management and pricing power. This is up from 28.4% the prior year.
Exzeo Group's revenue surged 62.0% year-over-year to $217.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Exzeo Group carries a low D/E ratio of 0.37, meaning only $0.37 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.86, Exzeo Group holds $3.86 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 76/100.
Exzeo Group converts 44.9% of revenue into free cash flow ($97.5M). This strong cash generation earns a score of 100/100.
Exzeo Group earns a strong 32.6% return on equity (ROE), meaning it generates $33 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 292.3% the prior year.
Exzeo Group scores 12.10, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.5B) relative to total liabilities ($93.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Exzeo Group passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Exzeo Group generates $1.21 in operating cash flow ($100.3M OCF vs $82.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Exzeo Group generated $217.0M in revenue in fiscal year 2025. This represents an increase of 62.0% from the prior year.
Exzeo Group's EBITDA was $108.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 169.4% from the prior year.
Exzeo Group reported $82.7M in net income in fiscal year 2025. This represents an increase of 82.6% from the prior year.
Exzeo Group earned $0.99 per diluted share (EPS) in fiscal year 2025. This represents an increase of 125.0% from the prior year.
Cash & Balance Sheet
Exzeo Group generated $97.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 112.2% from the prior year.
Exzeo Group held $305.4M in cash against $0 in long-term debt as of fiscal year 2025.
Exzeo Group had 91M shares outstanding in fiscal year 2025. This represents an increase of 9.6% from the prior year.
Margins & Returns
Exzeo Group's gross margin was 60.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 20.7 percentage points from the prior year.
Exzeo Group's operating margin was 48.9% in fiscal year 2025, reflecting core business profitability. This is up 20.5 percentage points from the prior year.
Exzeo Group's net profit margin was 38.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.3 percentage points from the prior year.
Exzeo Group's ROE was 32.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 259.7 percentage points from the prior year.
Capital Allocation
Exzeo Group invested $8.8M in research and development in fiscal year 2025. This represents an increase of 35.6% from the prior year.
Exzeo Group spent $1.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 209.8% from the prior year.
Exzeo Group invested $2.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 14.7% from the prior year.
XZO Income Statement
| Metric | Q4'25 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| Revenue | N/A | $55.2M | N/A | $29.1M |
| Cost of Revenue | N/A | $21.4M | N/A | $18.0M |
| Gross Profit | N/A | $33.8M | N/A | $11.1M |
| R&D Expenses | N/A | $2.5M | N/A | $1.7M |
| SG&A Expenses | N/A | $3.9M | N/A | $2.6M |
| Operating Income | N/A | $27.3M | N/A | $6.7M |
| Interest Expense | N/A | $0 | N/A | $15K |
| Income Tax | N/A | $7.2M | N/A | $1.7M |
| Net Income | N/A | $21.2M | N/A | $5.3M |
| EPS (Diluted) | N/A | $0.25 | N/A | $0.06 |
XZO Balance Sheet
| Metric | Q4'25 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| Total Assets | $347.7M+90.8% | $182.3M+103.8% | $89.4M | N/A |
| Current Assets | $325.8M+100.3% | $162.6M+141.9% | $67.2M | N/A |
| Cash & Equivalents | $305.4M+116.7% | $140.9M+158.6% | $54.5M+42.3% | $38.3M |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.9M | N/A | $0 | N/A |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $93.6M-9.9% | $103.8M+40.4% | $73.9M | N/A |
| Current Liabilities | $84.4M-10.2% | $93.9M+66.6% | $56.4M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | $254.2M+224.0% | $78.4M+405.8% | $15.5M+376.3% | $3.3M |
| Retained Earnings | $25.4M+640.2% | $3.4M+106.0% | -$57.3M | N/A |
XZO Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| Operating Cash Flow | $11.3M | N/A | $19.9M | N/A |
| Capital Expenditures | $403K | N/A | $648K | N/A |
| Free Cash Flow | $10.9M | N/A | $19.3M | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $153.6M | N/A | -$3.0M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.5M | N/A | $0 | N/A |
XZO Financial Ratios
| Metric | Q4'25 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| Gross Margin | N/A | 61.2% | N/A | 38.2% |
| Operating Margin | N/A | 49.4% | N/A | 23.1% |
| Net Margin | N/A | 38.3% | N/A | 18.1% |
| Return on Equity | N/A | 27.0% | N/A | 161.5% |
| Return on Assets | N/A | 11.6% | N/A | N/A |
| Current Ratio | 3.86+2.1 | 1.73+0.5 | 1.19 | N/A |
| Debt-to-Equity | 0.37-1.0 | 1.32-3.4 | 4.77 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Exzeo Group's annual revenue?
Exzeo Group (XZO) reported $217.0M in total revenue for fiscal year 2025. This represents a 62.0% 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 Exzeo Group's revenue growing?
Exzeo Group (XZO) revenue grew by 62% year-over-year, from $133.9M to $217.0M in fiscal year 2025.
Is Exzeo Group profitable?
Yes, Exzeo Group (XZO) reported a net income of $82.7M in fiscal year 2025, with a net profit margin of 38.1%.
What is Exzeo Group's EBITDA?
Exzeo Group (XZO) had EBITDA of $108.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Exzeo Group's gross margin?
Exzeo Group (XZO) had a gross margin of 60.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Exzeo Group's operating margin?
Exzeo Group (XZO) had an operating margin of 48.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Exzeo Group's net profit margin?
Exzeo Group (XZO) had a net profit margin of 38.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Exzeo Group's return on equity (ROE)?
Exzeo Group (XZO) has a return on equity of 32.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Exzeo Group's free cash flow?
Exzeo Group (XZO) generated $97.5M in free cash flow during fiscal year 2025. This represents a 112.2% 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 Exzeo Group's operating cash flow?
Exzeo Group (XZO) generated $100.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Exzeo Group's total assets?
Exzeo Group (XZO) had $347.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Exzeo Group's capital expenditures?
Exzeo Group (XZO) invested $2.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Exzeo Group spend on research and development?
Exzeo Group (XZO) invested $8.8M in research and development during fiscal year 2025.
What is Exzeo Group's current ratio?
Exzeo Group (XZO) had a current ratio of 3.86 as of fiscal year 2025, which is generally considered healthy.
What is Exzeo Group's debt-to-equity ratio?
Exzeo Group (XZO) had a debt-to-equity ratio of 0.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Exzeo Group's return on assets (ROA)?
Exzeo Group (XZO) had a return on assets of 23.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Exzeo Group's Altman Z-Score?
Exzeo Group (XZO) has an Altman Z-Score of 12.10, placing it in the Safe Zone (low 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 Exzeo Group's Piotroski F-Score?
Exzeo Group (XZO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 Exzeo Group's earnings high quality?
Exzeo Group (XZO) has an earnings quality ratio of 1.21x, considered cash-backed (high quality). 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.
How financially healthy is Exzeo Group?
Exzeo Group (XZO) scores 94 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.