Reliance Global Group, Inc. Q3 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

  • Quarter Ending: September 30, 2025
  • Key Theme: Streamlining operations, strengthening financials, and investing in InsurTech innovation

Key Financial Highlights vs. Prior Year (Q3 2024)

  • Unrestricted Cash: Increased by 590% to $2.6M (from $0.4M)
  • Working Capital: Increased by 284% to $1.6M (from $0.4M)
  • Total Equity: Increased by 125% to $6.8M (from $3.1M)
  • Commission Income: Decreased to $2.5M (from $3.4M), primarily due to sale of Fortman Insurance Services and lower medical commissions
  • Commission Expense: Increased to $1M (from $0.9M)
  • Salaries & Wages: Increased to $3.9M (from $1.7M), driven by non-cash equity grants
  • General & Admin Expenses: Increased to $1.1M (from $0.8M), largely due to non-employee non-cash equity payments
  • Gain on Sale (Fortman): $3M
  • Net Loss: Widened to $1.2M (from $0.8M)
  • Adjusted EBITDA: Loss of $0.7M (down from a $40K gain)

Strategic & Operational Highlights

  • Fortman Insurance Services Divestiture: Sold for $5M, realizing a $3M gain. Proceeds used to reduce long-term debt by approximately 50%

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Operator: Thank you for standing by. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Reliance Global Group Third Quarter Business Update Conference Call. [Operator Instructions] I would now like to turn the conference over to Ted Ayvas of Investor Relations. You may begin. Ted Ayvas: Thanks, Jordan. Good afternoon, and thank you for joining Reliance Global Group's 2025 Third Quarter Financial Results and Business Update Conference Call. On the call with us today are Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group; and Joel Markovits, Chief Financial Officer at Reliance. Earlier today, the company announced its operating results for the quarter ended September 30, 2025, and the press release is posted on the company's website, www.relianceglobalgroup.com. In addition, the company filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission, which can also be accessed on the company's website as well as the SEC's website at www.sec.gov. If you have any questions after the call or would like any additional information about Reliance, please contact Crescendo Communications at (212) 671-1020. Before Mr. Beyman reviews the company's operating results for the quarter ended September 30, 2025, we would like to remind everybody that this conference call may contain forward-looking statements. All statements other than statements of historical facts contained in the

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