Exzeo Group (NYSE: XZO) grows Q1 revenue, profit and free cash flow

Rhea-AI Filing Summary

Exzeo Group, Inc. reported first quarter 2026 results showing modest growth and solid profitability. Revenue rose to $55.5 million from $52.4 million, driven by new customers and higher underwriting and management services with existing clients. Net income increased to $20.4 million, while basic and diluted earnings per share held at $0.22.

Managed Premium reached $1.43 billion, reflecting broader adoption of Exzeo’s Insurance-as-a-Service platform and the addition of a seventh carrier partner. Annual Recurring Revenue grew to $216.2 million. Exzeo generated $26.5 million of Adjusted EBITDA with a 49% Adjusted EBITDA Margin and produced Free Cash Flow of $25.1 million, supported by $25.5 million of cash from operating activities.

Cash, cash equivalents and investments totaled $329.9 million as of March 31, 2026. Management highlighted continued execution on post-IPO priorities, including profitable growth with carrier partners, scaling third-party clients, and ongoing product innovation across its P&C insurance technology platform.

Insights

Equity research analyst

Exzeo delivers profitable Q1 growth with strong cash generation.

Exzeo Group posted Q1 2026 revenue of $55.5M and net income of $20.4M, with earnings per share steady at $0.22. Managed Premium climbed to $1.43B, indicating broader usage of the Insurance-as-a-Service platform and support from a seventh carrier partner.

Operating performance remained robust, with Adjusted EBITDA of $26.5M on Adjusted Revenue of $54.0M, yielding a 49.1% Adjusted EBITDA Margin. Free Cash Flow reached $25.1M, helped by $25.5M in cash from operating activities, while cash, cash equivalents and investments totaled $329.9M at March 31, 2026.

Non‑GAAP metrics such as Adjusted EBITDA, Adjusted Revenue and Free Cash Flow are emphasized as tools for assessing core operations, but management notes their limitations versus GAAP. Future disclosures in company filings may specify how sustained managed premium and ARR growth translate into longer-term profitability trends.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Revenue: $55.5M Net income: $20.4M Basic and diluted EPS: $0.22 per share +5 more

8 metrics

Revenue $55.5M Three months ended March 31, 2026

Net income $20.4M Three months ended March 31, 2026

Basic and diluted EPS $0.22 per share Three months ended March 31, 2026

Managed Premium $1.43B As of March 31, 2026

Annual Recurring Revenue $216.2M As of March 31, 2026

Adjusted EBITDA $26.5M Three months ended March 31, 2026

Adjusted EBITDA Margin 49.1% Three months ended March 31, 2026

Free Cash Flow $25.1M Three months ended March 31, 2026

Key Terms

Managed Premium, Annual Recurring Revenue, Adjusted EBITDA, Adjusted EBITDA Margin, +2 more

6 terms

Managed Premium financial

"Managed Premium increased to $1.43 billion from $1.24 billion, reflecting growth in managed policies"

Annual Recurring Revenue financial

"Annual Recurring Revenue increased to $216.2 million, up from $198.7 million in the prior-year period"

Annual recurring revenue is the predictable amount of money a company expects to earn each year from ongoing customer subscriptions or contracts. It helps businesses understand how much steady income they can count on, much like a subscription service that charges customers every month or year. This figure is important because it shows the company's stability and growth potential.

Adjusted EBITDA financial

"Adjusted EBITDA increased to $26.5 million from $25.2 million, reflecting continued business growth"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Adjusted EBITDA Margin financial

"Adjusted EBITDA Margin was 49% compared with 50% in the prior year"

Adjusted EBITDA margin shows how much profit a company makes from its core operations, expressed as a percentage of its total revenue, after removing certain one-time or unusual expenses and income. It helps investors understand the company's true earning ability from regular business activities, making it easier to compare performance over time or with other companies. Think of it as measuring the efficiency of a business in turning sales into profits, excluding irregular adjustments.

Free Cash Flow financial

"Free Cash Flow increased to $25.1 million from $19.0 million"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

Insurance-as-a-Service technical

"continued adoption of Exzeo's Insurance-as-a-Service platform from new and existing customers"

A cloud-based business model that delivers insurance products and services through software, letting companies embed, customize and manage coverage via digital connections much like a subscription streaming service delivers shows. For investors, it matters because it can turn traditional one-off insurance sales into scalable, recurring revenue with lower upfront distribution costs and faster customer reach, which can boost growth and margins while changing capital and regulatory exposure.

Earnings Snapshot

Revenue: $55.5M

Three months ended March 31, 2026

Revenue $55.5M

Net income $20.4M

Basic and diluted EPS $0.22

Adjusted EBITDA $26.5M

Managed Premium $1.43B

Annual Recurring Revenue $216.2M

Understanding 8-K Material Events →

0001873951false00018739512026-05-062026-05-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

May 06, 2026

Date of Report (Date of earliest event reported)

Exzeo Group, Inc.

(Exact name of Registrant as specified in its charter)

Florida			001-42937	85-2578837
(State or other jurisdiction of incorporation)			(Commission File Number)	(I.R.S. Employer Identification Number)
1000 Century Park Drive
Tampa, Florida				33607
(Address of principal executive offices)				(Zip Code)

813 776-1000

(Registrant's telephone number including area code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value		XZO		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 2.02 Results of Operations and Financial Condition.

On May 6, 2026, Exzeo Group, Inc. ("Exzeo") issued a press release announcing its financial results for the three months ended March 31, 2026. A copy of the earnings release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Exzeo plans to host an earnings conference call on May 6, 2026 at 5:45 p.m. Eastern Time, during which members of executive management, including the Chief Executive Officer, President, and Chief Financial Officer will discuss the results.

Interested parties can listen to the live presentation by dialing the number below or by accessing the listen-only webcast link available here or on the Company's Investor Relations website at investors.exzeo.com.

Date: Wednesday, May 6, 2026

Time: 5:45 p.m. Eastern Time (2:45 p.m. Pacific Time)

Toll-free listen only number: (800) 715-9871

International listen-only number: +1 (646) 307-1963

Conference ID: 2747849

Webcast Link

Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at (949) 574-3860.

A replay of the call will be available after 8:00 p.m. Eastern Time on the same day as the call on the Company's Investor Relations website at investors.exzeo.com.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number		Description of Exhibit
99.1		Press Release Dated May 6, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Exzeo Group, Inc.
Date:	May 6, 2026	By:	/s/ Suela Bulku
			Suela Bulku Chief Financial Officer

Exhibit 99.1

Exzeo Announces First Quarter 2026 Financial Results

Managed Premium1 of $1.43 billion;

Pre-Tax Income of $27.6 million;

Earnings per share2 of $0.22

Tampa, Fla. - (BUSINESS WIRE) - May 6, 2026 - Exzeo Group, Inc. (NYSE:XZO) today announced financial results for the first quarter ended March 31, 2026.

"Our first quarter demonstrated momentum across the Exzeo Platform, highlighted by strong managed premium growth and the addition of a seventh insurance carrier partner," said Paresh Patel, Exzeo's Chairman and Chief Executive Officer. "Now six months since our IPO, we've delivered on our strategic priorities, including driving profitable growth with existing carrier partners, successfully onboarding and scaling third-party clients, and advancing product innovation across the platform."

First Quarter 2026 Highlights (Comparisons to First Quarter 2025)

•Revenue increased to $55.5 million from $52.4 million, driven primarily by new customers along with growth in underwriting and management services from our existing customer base.

•Net income was $20.4 million, and basic and diluted earnings per share were $0.22, compared with $18.0 million and $0.22 in the prior-year period.

•Managed Premium increased to $1.43 billion from $1.24 billion, reflecting growth in managed policies driven by continued adoption of Exzeo's Insurance-as-a-Service platform from new and existing customers.

•Annual Recurring Revenue4 increased to $216.2 million, up from $198.7 million in the prior-year period.

•Adjusted EBITDA3 increased to $26.5 million from $25.2 million, reflecting continued business growth. Adjusted EBITDA Margin3 was 49% compared with 50% in the prior year, as the Company continued to invest in strategic initiatives to support long-term growth, including personnel and company infrastructure.

•Cash provided by operating activities increased to $25.5 million from $19.8 million. As a result, Free Cash Flow3 increased to $25.1 million from $19.0 million.

•Cash, cash equivalents and investments as of March 31, 2026, increased to $329.9 million, from $305.4 million of cash and cash equivalents as of December 31, 2025.

•A seventh insurance company joined the Exzeo platform in the first quarter.

Conference Call Information:

Exzeo Group management will host a conference call today, May 6, 2026, at 5:45 p.m. Eastern time (2:45 p.m. Pacific time). Interested parties can listen to the live presentation by dialing the listen-only number below or by accessing the webcast link below or on the Investor Information section of the Company’s website at investors.exzeo.com.

Toll-Free: (800) 715-9871
International Toll: +1 (646) 307-1963
Conference ID: 2747849

Webcast Link

A replay of the call will be available after 8:00 p.m. Eastern Time on the same day as the call on the Company’s Investor Relations website at investors.exzeo.com.

End Notes

1. Managed Premium is a key operating measure defined as the aggregate gross dollar value of in-force premiums processed, managed, or administered by Exzeo's software solutions as of period end, excluding associated policy fee income.

2. Earnings per share is calculated in accordance with GAAP. Certain unvested restricted stock awards are considered participating securities because they carry non-forfeitable dividend and voting rights and share in the Company's earnings. Refer to Basic and Diluted Earnings Per Share table for additional information.

3. Adjusted EBITDA, Adjusted Revenue, Adjusted EBITDA Margin, and Free Cash Flow are non-GAAP financial measures. Please see discussion of non-GAAP financial measures at the end of this press release for more information.

4. Annual Recurring Revenue is a key operating measure defined as the sum of each customer's managed premium multiplied by its contractual fee rate, plus any applicable policy fee income associated with managed policies, as of the period end date, excluding nonrecurring revenue such as catastrophe services.

About Exzeo Group, Inc.

Exzeo Group is a leading innovator in technology solutions purpose-built for property and casualty (P&C) insurance carriers, with a strong focus on the expansive homeowners insurance market. Through its completely internally developed "Insurance-as-a-Service" platform, Exzeo delivers a comprehensive suite of digital tools and services that streamline every aspect of carrier and agent operations—from quoting and underwriting to policy administration, claims handling, data analytics, and financial reporting. By integrating advanced technology with deep industry expertise, Exzeo empowers P&C insurers to enhance underwriting precision, drive operational efficiency, and achieve superior performance across the insurance value chain.

For more information, please visit exzeo.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical facts included in this release, are forward-looking statements. Words such as "anticipate," "estimate," "expect," "intend," "plan," "confident," "prospects" and "project" and other similar words and expressions are intended to signify forward-looking statements, and these forward-looking statements may include, without limitation, statements regarding growth strategies and future performance and profitability. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties, which may include, without limitation, our ability to maintain our current level of profitability, the regulated environment in which we operate, the ownership of a controlling interest in our common stock by HCI Group, Inc., and the current dependence on HCI Group, Inc. for substantially all of our revenues. These and other risks and uncertainties are identified in our filings with the Securities and Exchange Commission, including those factors discussed under the captions entitled "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in our Quarterly Report on Form 10-Q for the three months ended March 31, 2026, when filed. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the Company's business, financial condition and results of operations. Exzeo Group, Inc. disclaims all obligations to update any forward-looking statements.

EXZEO GROUP, INC. AND SUBSIDIARIES

Consolidated Balance Sheets

(Unaudited)

		March 31,				December 31,
(in thousands, except share and per share amounts)		2026				2025
Assets:
Current assets:
Cash and cash equivalents		$	231,381			$	305,372
Accounts receivable			2,513				2,906
Receivable from related parties			19,897				11,295
Prepaid expense			1,193				1,483
Current contract cost assets			5,404				4,722
Other current assets			541				43
Total current assets			260,929				325,821
Non-current assets:
Fixed-maturity securities, available-for-sale, at fair value (amortized cost: $98,998 and $0, respectively, and allowance for credit losses: $0 and $0, respectively)			98,516				—
Property and equipment, net			10,259				10,662
Operating lease right-of-use assets			6,576				6,884
Non-current contract cost assets			284				1,118
Deferred income taxes, net			2,905				2,975
Other assets			299				274
Total non-current assets			118,839				21,913
Total assets		$	379,768			$	347,734
Liabilities and Shareholders' Equity:
Current liabilities:
Current contract liabilities		$	73,673			$	70,893
Commissions payable			5,450				4,605
Accounts payable and accrued liabilities			6,174				2,950
Operating lease liabilities			2,450				2,413
Income taxes payable			9,394				2,455
Payable to related parties			1,435				1,073
Total current liabilities			98,576				84,389
Non-current liabilities:
Non-current contract liabilities			943				3,567
Operating lease liabilities			4,479				4,832
Other liabilities			829				790
Total non-current liabilities			6,251				9,189
Total liabilities			104,827				93,578
Commitments and contingencies
Shareholders' equity:
Common stock ($0.001 par value, 350,000,000 shares authorized, 90,918,430 and 90,926,720 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively)			91				91
Additional paid-in capital			229,387				228,647
Retained earnings			45,824				25,418
Accumulated other comprehensive loss			(361	)			—
Total shareholders' equity			274,941				254,156
Total liabilities and shareholders' equity		$	379,768			$	347,734

EXZEO GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Income

(Unaudited)

		Three Months Ended March 31,
(in thousands, except per share amounts)		2026				2025
Revenue		$	55,534			$	52,407
Cost of revenue			22,791				23,582
Gross profit			32,743				28,825
Operating expenses:
Selling, general and administrative			5,216				2,706
Research and development			2,306				2,221
Depreciation and amortization			146				101
Total operating expenses			7,668				5,028
Operating income			25,075				23,797
Investment income			2,512				398
Income before income taxes		$	27,587			$	24,195
Income tax expense			7,181				6,244
Net income		$	20,406			$	17,951
Basic and diluted earnings per share		$	0.22			$	0.22

EXZEO GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income

(Unaudited)

		Three Months Ended March 31,
(in thousands)		2026				2025
Net income		$	20,406			$	17,951
Other comprehensive loss, net of income taxes:
Available-for-sale fixed-maturity securities			(361	)			—
Other comprehensive loss, net of income taxes			(361	)			—
Comprehensive income		$	20,045			$	17,951

EXZEO GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(Unaudited)

		Three Months Ended March 31,
(in thousands)		2026				2025
Operating activities:
Net income		$	20,406			$	17,951
Adjustments to reconcile net income to cash provided by operating activities:
Share-based compensation			740				723
Depreciation and amortization			730				709
Deferred income taxes			191				(2,338	)
Net accretion of discount on investments in fixed-maturity securities			(4	)			—
Foreign currency remeasurement losses (gains)			96				(2	)
Changes in operating assets and liabilities:
Accounts receivable			393				—
Related party receivable and payable			(8,240	)			(27,336	)
Prepaid expenses			290				53
Contract cost assets			152				185
Income taxes payable			6,939				604
Contract liabilities			156				25,359
Commissions payable			845				746
Accounts payable and accrued liabilities			3,281				3,234
Other liabilities			12				(141	)
Other assets			(525	)			2
Operating lease			10				23
Cash provided by operating activities			25,472				19,772
Investing activities:
Capital expenditures			(327	)			(769	)
Purchase of available-for-sale securities			(98,994	)			—
Cash used in investing activities			(99,321	)			(769	)
Financing activities:
Payment of issuance costs			(57	)			—
Cash used in financing activities			(57	)			—
Effect of exchange rate changes on cash			(85	)			(11	)
Net (decrease) increase in cash and cash equivalents			(73,991	)			18,992
Cash and cash equivalents at beginning of period			305,372				54,502
Cash and cash equivalents at end of period		$	231,381			$	73,494
Non-cash financing activities:
Capital contribution from parent		$	4			$	21

EXZEO GROUP, INC. AND SUBSIDIARIES

Basic and Diluted Earnings Per Share

(Unaudited)

A summary of the numerator and denominator of basic and diluted earnings per common share from operations is as follows:

			Three Months Ended March 31,
(in thousands, except per share amounts)		2026						2025
Numerator:
Net income		$		20,406				$		17,951
Less: Income attributable to participating securities				(568	)					(873	)
Income attributable to common stockholders		$		19,838				$		17,078
Denominator:
Weighted-average basic shares outstanding				88,385						78,709
Weighted-average diluted shares outstanding				88,385						78,709
Basic and diluted earnings per share		$		0.22				$		0.22

Use of Non-GAAP Financial Measures (Unaudited)

In addition to results determined in accordance with GAAP, we use certain non-GAAP financial measures to evaluate our operating performance and make strategic decisions. These non-GAAP financial measures include Adjusted EBITDA, Adjusted Revenue, Adjusted EBITDA Margin and Free Cash Flow. Management believes these measures provide useful supplemental information for investors by facilitating comparisons of performance across reporting periods and with other companies in the industry, many of which use similar non-GAAP financial measures.

However, these non-GAAP financial measures are not prepared in accordance with GAAP, are not based on a standardized methodology, and may not be comparable to similarly titled measures used by other companies. They should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. These measures exclude items that may be significant to an understanding of our financial condition and results of operations under GAAP. The use of non-GAAP financial measures involves management judgment regarding which items to exclude or include. Accordingly, these measures have limitations and should be viewed as a supplement to, not a replacement for, our GAAP results. Management urges investors to review the reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures included in this report and not to rely on any single financial measure to evaluate our business.

Adjusted EBITDA

We define Adjusted EBITDA as net income adjusted to exclude income tax expense, interest expense, investment income, depreciation and amortization, and share-based compensation expense. Management uses Adjusted EBITDA as a key measure of operating performance and to assess the results of the business excluding certain items that are not considered indicative of core operating results. Adjusted EBITDA should not be viewed in isolation or as a substitute for net income calculated in accordance with GAAP, and other companies may define Adjusted EBITDA differently.

The reconciliation of net income to Adjusted EBITDA for the periods presented is as follows:

		Three Months Ended March 31,
(in thousands)		2026				2025
Net income		$	20,406			$	17,951
Income tax expense			7,181				6,244
Investment income			(2,512	)			(398	)
Depreciation and amortization			716				698
Share-based compensation			740				723
Adjusted EBITDA (1)		$	26,531			$	25,218

(1)The Company did not have any interest expense for the periods presented.

Adjusted Revenue

We define Adjusted Revenue as the portion of revenue earned through services delivered directly via our proprietary platform technology. This metric excludes revenue associated with services primarily within claims management that are outsourced to a subsidiary of HCI Group, Inc. Although this revenue is recognized on a gross basis under GAAP because we are considered the principal in the transaction, the economics are largely neutral, as the related costs incurred from outsourced service providers closely match the revenue recognized. Management believes Adjusted Revenue provides investors with useful insight into the performance and scalability of our core platform services and reflects the revenue generated from internally delivered operations, excluding variability associated with outsourced service arrangements. This non-GAAP measure should not be considered in isolation or as a substitute for total revenue or any other performance measure calculated in accordance with GAAP.

The reconciliation of the Adjusted Revenue for the periods presented is as follows:

		Three Months Ended March 31,
(in thousands)		2026				2025
Revenue		$	55,534			$	52,407
Less: Outsourced claims fees			1,529				2,255
Adjusted Revenue		$	54,005			$	50,152

Adjusted EBITDA Margin

We define Adjusted EBITDA Margin as Adjusted EBITDA expressed as a percentage of Adjusted Revenue. This non-GAAP measure provides management and investors with additional insight into the Company's operating efficiency and the scalability of our business model, as it reflects our progress toward long-term profitability. The most directly comparable GAAP measure is net income margin, which is calculated as net income divided by GAAP revenue.

The calculation of Adjusted EBITDA Margin for the periods presented is as follows:

		Three Months Ended March 31,
(in thousands, except percentages)		2026				2025
Numerator: Adjusted EBITDA		$	26,531			$	25,218
Denominator: Adjusted Revenue			54,005				50,152
Adjusted EBITDA Margin (1)			49.1	%			50.3	%

(1)The inputs used to derive Adjusted EBITDA Margin are defined and reconciled to their most directly comparable GAAP measures in the preceding tables above. Adjusted EBITDA is reconciled to net income, and Adjusted Revenue is reconciled to GAAP revenue, in each case as presented elsewhere in this filing. Net income margin represents the comparable GAAP measure.

Free Cash Flow

We define Free Cash Flow as net cash provided by operating activities less capital expenditures during the period. We believe information regarding Free Cash Flow provides useful information to management and investors because it is an indicator of strength and performance of our business operations after funding capital expenditures. Capital expenditures consist of capitalized software development costs and costs relating to property and equipment, such as computer hardware, office furniture and equipment, and leasehold improvements. Free Cash Flow should not be considered an alternative to net cash provided by operating activities, which is the most directly comparable GAAP measure, or as a measure of liquidity prepared in accordance with GAAP and may not be comparable to similar measures used by other companies.

The reconciliation of Free Cash Flow for the periods presented is as follows:

		Three Months Ended March 31,
(in thousands)		2026				2025
Cash provided by operating activities		$	25,472			$	19,772
Less: Capital expenditures			327				769
Free Cash Flow		$	25,145			$	19,003

Investor and Media Contact

Company Contact:

Bill Broomall, CFA

Vice President, Investor Relations

Exzeo Group, Inc.
wbroomall@exzeo.com

Investor Relations Contact:

Matt Glover and Clay Liolios
Gateway Group, Inc.
Tel: (949) 574-3860 XZO@gateway-grp.com

FAQ

How did Exzeo Group (XZO) perform financially in Q1 2026?

Exzeo reported Q1 2026 revenue of $55.5 million and net income of $20.4 million. Basic and diluted earnings per share were $0.22, matching the prior-year period while delivering higher profit dollars and continued growth in its insurance technology platform.

What were Exzeo Group (XZO)’s key operating metrics like Managed Premium and ARR?

Managed Premium reached $1.43 billion in Q1 2026, up from $1.24 billion a year earlier. Annual Recurring Revenue rose to $216.2 million from $198.7 million, reflecting expanded use of Exzeo’s Insurance-as-a-Service platform by both new and existing insurance customers.

What was Exzeo Group (XZO)’s Adjusted EBITDA and margin for Q1 2026?

Adjusted EBITDA for Q1 2026 was $26.5 million, compared with $25.2 million in Q1 2025. On Adjusted Revenue of $54.0 million, Adjusted EBITDA Margin was 49.1%, slightly below 50.3% a year earlier as the company invested in personnel and infrastructure.

How strong was Exzeo Group (XZO)’s cash flow and liquidity in Q1 2026?

Exzeo generated $25.5 million of cash from operating activities in Q1 2026 and Free Cash Flow of $25.1 million. As of March 31, 2026, cash, cash equivalents and investments totaled $329.9 million, providing substantial financial flexibility for ongoing growth initiatives.

Did Exzeo Group (XZO) add any new insurance carrier partners in Q1 2026?

Yes. Exzeo added a seventh insurance company to its platform during Q1 2026. Management highlighted this addition, along with growing Managed Premium, as evidence of continued adoption of its property and casualty Insurance-as-a-Service technology by carrier partners.

What non-GAAP financial measures does Exzeo Group (XZO) emphasize?

Exzeo highlights Adjusted EBITDA, Adjusted Revenue, Adjusted EBITDA Margin and Free Cash Flow as key non-GAAP measures. Management uses these to evaluate core operating performance, while cautioning they are not standardized, may differ from peers’ metrics, and should supplement, not replace, GAAP results.

When was Exzeo Group (XZO)’s Q1 2026 earnings call scheduled?

Exzeo scheduled its Q1 2026 earnings conference call for May 6, 2026 at 5:45 p.m. Eastern Time. Investors could join via a toll-free or international listen-only number or access a webcast and replay through the company’s Investor Relations website.

Filing Exhibits & Attachments

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