Exzeo Group, Inc. (XZO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XZO SEC filings page.
Exzeo Group, Inc. (XZO) reported $221.8M in revenue over the twelve months to Jun 30, 2026. This page shows its 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).
Exzeo’s dominant mechanic is rapid margin expansion with unusually strong cash conversion alongside a sharply less leveraged balance sheet.
Between FY2024 and FY2025, revenue grew62.0% while cost of revenue rose only6.5% , indicating the margin step-up came mainly from a changed cost structure or revenue mix rather than simple volume. Operating margin reached48.9% from28.4% , showing that much of the additional gross profit flowed through after operating expenses.
Free cash flow equaled
Debt-to-equity fell from 4.8x in FY2024 to 0.4x in FY2025, marking a fundamental shift in how the business is financed. Current ratio reached 3.9x alongside FY2025 financing cash flow of
Financial Health Signals
Exzeo Group, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Exzeo Group, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Exzeo Group, Inc. 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, Inc. generated $57.8M in revenue in Q2 2026. This represents an increase of 3.0% from the same quarter a year earlier. Against the prior quarter it is up 4.1%.
Exzeo Group, Inc.'s EBITDA was $29.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.1% from the same quarter a year earlier. Against the prior quarter it is up 13.2%.
Exzeo Group, Inc. reported $23.3M in net income in Q2 2026. This represents an increase of 7.4% from the same quarter a year earlier. Against the prior quarter it is up 14.0%.
Exzeo Group, Inc. earned $0.26 per diluted share (EPS) in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 18.2%.
Cash & Balance Sheet
Exzeo Group, Inc. generated $15.2M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 59.2% from the same quarter a year earlier. Against the prior quarter it is down 39.5%.
Exzeo Group, Inc. held $136.7M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Exzeo Group, Inc.'s gross margin was 63.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.8 percentage points.
Exzeo Group, Inc.'s operating margin was 49.3% in Q2 2026, reflecting core business profitability. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.1 percentage points.
Exzeo Group, Inc.'s net profit margin was 40.3% in Q2 2026, showing the share of revenue converted to profit. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.5 percentage points.
Exzeo Group, Inc.'s ROE was 8.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 30.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Capital Allocation
Exzeo Group, Inc. invested $2.4M in research and development in Q2 2026. This represents an increase of 3.7% from the same quarter a year earlier. Against the prior quarter it is up 5.8%.
Exzeo Group, Inc. invested $209K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 56.7% from the same quarter a year earlier. Against the prior quarter it is down 36.1%.
Not reported for Q2 2026.
XZO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.8M+3.0% | $55.5M+6.0% | $53.3M | $55.2M+89.5% | $56.1M | $52.4M | N/A | $29.1M |
| Cost of Revenue | $20.9M-7.1% | $22.8M-3.4% | $18.4M | $21.4M+18.9% | $22.5M | $23.6M | N/A | $18.0M |
| Gross Profit | $36.8M+9.8% | $32.7M+13.6% | $34.9M | $33.8M+203.7% | $33.6M | $28.8M | N/A | $11.1M |
| R&D Expenses | $2.4M+3.7% | $2.3M+3.8% | $1.8M | $2.5M+44.3% | $2.4M | $2.2M | N/A | $1.7M |
| SG&A Expenses | $5.8M+95.5% | $5.2M+92.8% | $6.2M | $3.9M+51.5% | $3.0M | $2.7M | N/A | $2.6M |
| Operating Income | $28.5M+1.2% | $25.1M+5.4% | $26.8M | $27.3M+304.9% | $28.1M | $23.8M | N/A | $6.7M |
| EBITDA | $29.0M+1.1% | $25.6M+5.1% | $27.4M | $27.9M+282.6% | $28.7M | $24.4M | N/A | $7.3M |
| Interest Expense | N/A | N/A | N/A | $0-100.0% | N/A | N/A | N/A | $15K |
| Income Tax | $8.2M+12.9% | $7.2M+15.0% | $6.9M | $7.2M+335.2% | $7.2M | $6.2M | N/A | $1.7M |
| Net Income | $23.3M+7.4% | $20.4M+13.7% | $22.0M | $21.2M+302.3% | $21.7M | $18.0M | N/A | $5.3M |
| EPS (Basic) | $0.260.0% | $0.220.0% | $0.26+73.3% | $0.25+316.7% | $0.26 | $0.22 | $0.15 | $0.06 |
| EPS (Diluted) | $0.260.0% | $0.220.0% | $0.26+73.3% | $0.25+316.7% | $0.26 | $0.22 | $0.15 | $0.06 |
| Diluted Shares (Avg) | 88M+12.0% | 88,385+12.3% | N/A | 79M+0.1% | 79M | 78,709 | N/A | 79M |
XZO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $385.8M | $379.8M | $347.7M+288.8% | $182.3M | N/A | N/A | $89.4M | N/A |
| Current Assets | $169.7M | $260.9M | $325.8M+384.6% | $162.6M | N/A | N/A | $67.2M | N/A |
| Cash & Equivalents | $136.7M | $231.4M | $305.4M+460.3% | $140.9M+267.9% | N/A | N/A | $54.5M | $38.3M |
| Short-Term Investments | $0 | $0 | $0 | $0 | N/A | N/A | $0 | $0 |
| Accounts Receivable | $1.8M | $2.5M | $2.9M | N/A | N/A | N/A | $0 | N/A |
| Long-Term Investments | $197.1M | $98.5M | $0 | $0 | N/A | N/A | $0 | $0 |
| Total Liabilities | $97.6M | $104.8M | $93.6M+26.6% | $103.8M | N/A | N/A | $73.9M | N/A |
| Current Liabilities | $91.7M | $98.6M | $84.4M+49.7% | $93.9M | N/A | N/A | $56.4M | N/A |
| Non-Current Liabilities | $5.9M | $6.3M | $9.2M-47.7% | $9.9M | N/A | N/A | $17.6M | N/A |
| Total Equity | $288.2M+409.6% | $274.9M+704.3% | $254.2M+1539.0% | $78.4M+2308.8% | $56.6M | $34.2M | $15.5M | $3.3M |
| Retained Earnings | $69.1M | $45.8M | $25.4M+144.3% | $3.4M | N/A | N/A | -$57.3M | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
XZO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.4M-59.2% | $25.5M+28.8% | $11.3M-43.4% | $31.5M | $37.8M | $19.8M | $19.9M | N/A |
| Depreciation & Amortization | $579K-4.8% | $570K-4.5% | $585K+2.8% | $622K+11.9% | $608K | $597K | $569K | $556K |
| Stock-Based Compensation | N/A | $740K+2.4% | N/A | $4K | N/A | $723K | N/A | N/A |
| Capital Expenditures | $209K-56.7% | $327K-57.5% | $403K-37.8% | $1.2M | $483K | $769K | $648K | N/A |
| Free Cash Flow | $15.2M-59.2% | $25.1M+32.3% | $10.9M-43.5% | $30.3M | $37.3M | $19.0M | $19.3M | N/A |
| Investing Cash Flow | -$99.6M-20523.2% | -$99.3M-12815.6% | N/A | N/A | -$483K | -$769K | N/A | N/A |
| Financing Cash Flow | -$10.4M | -$57K | $153.6M+5231.8% | $0 | $0 | $0 | -$3.0M | N/A |
| Share Buybacks | N/A | N/A | $1.5M | $0 | N/A | N/A | $0 | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
XZO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.7%+3.9pp | 59.0%+4.0pp | 65.4% | 61.2%+23.0pp | 59.8% | 55.0% | N/A | 38.2% |
| Operating Margin | 49.3%-0.9pp | 45.1%-0.3pp | 50.3% | 49.4%+26.3pp | 50.1% | 45.4% | N/A | 23.1% |
| Net Margin | 40.3%+1.7pp | 36.8%+2.5pp | 41.2% | 38.3%+20.3pp | 38.6% | 34.3% | N/A | 18.1% |
| Return on Equity | 8.1%-30.2pp | 7.4%-45.1pp | 8.6% | 27.0%-134.5pp | 38.3% | 52.5% | N/A | 161.5% |
| Return on Assets | 6.0% | 5.4% | 6.3% | 11.6% | N/A | N/A | N/A | N/A |
| Current Ratio | 1.85 | 2.65 | 3.86+2.7x | 1.73 | N/A | N/A | 1.19 | N/A |
| Debt-to-Equity | 0.34 | 0.38 | 0.37-4.4x | 1.32 | N/A | N/A | 4.77 | N/A |
| Asset Turnover | 0.15 | 0.15 | 0.15 | 0.30 | N/A | N/A | N/A | N/A |
| FCF Margin | 26.3%-40.1pp | 45.3%+9.0pp | 20.4% | 54.9% | 66.5% | 36.3% | N/A | N/A |
Where Exzeo Group, Inc. Ranks
Frequently Asked Questions
What is Exzeo Group, Inc.'s annual revenue?
Exzeo Group, Inc. (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, Inc.'s revenue growing?
Exzeo Group, Inc. (XZO) revenue grew by 62.0% year-over-year, from $133.9M to $217.0M in fiscal year 2025.
Is Exzeo Group, Inc. profitable?
Yes, Exzeo Group, Inc. (XZO) reported a net income of $82.7M in fiscal year 2025, with a net profit margin of 38.1%.
What is Exzeo Group, Inc.'s EBITDA?
Exzeo Group, Inc. (XZO) had EBITDA of $108.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Exzeo Group, Inc.'s gross margin?
Exzeo Group, Inc. (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, Inc.'s operating margin?
Exzeo Group, Inc. (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, Inc.'s net profit margin?
Exzeo Group, Inc. (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, Inc.'s return on equity (ROE)?
Exzeo Group, Inc. (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, Inc.'s free cash flow?
Exzeo Group, Inc. (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, Inc.'s operating cash flow?
Exzeo Group, Inc. (XZO) generated $100.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Exzeo Group, Inc.'s total assets?
Exzeo Group, Inc. (XZO) had $347.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Exzeo Group, Inc.'s capital expenditures?
Exzeo Group, Inc. (XZO) invested $2.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Exzeo Group, Inc. spend on research and development?
Exzeo Group, Inc. (XZO) invested $8.8M in research and development during fiscal year 2025.
What is Exzeo Group, Inc.'s current ratio?
Exzeo Group, Inc. (XZO) had a current ratio of 3.86 as of fiscal year 2025, which is generally considered healthy.
What is Exzeo Group, Inc.'s debt-to-equity ratio?
Exzeo Group, Inc. (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, Inc.'s return on assets (ROA)?
Exzeo Group, Inc. (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, Inc.'s P/E ratio?
Exzeo Group, Inc. (XZO) trades at 17.0x earnings, its market capitalization divided by net income of $86.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.5B as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Exzeo Group, Inc.'s price-to-sales ratio?
Exzeo Group, Inc. (XZO) trades at 6.6x sales, its market capitalization divided by revenue of $221.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.5B as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Exzeo Group, Inc.'s Piotroski F-Score?
Exzeo Group, Inc. (XZO) has a Piotroski F-Score of 5 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 Exzeo Group, Inc.'s earnings high quality?
Exzeo Group, Inc. (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.