---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018100"
form_type: "8-K"
ticker: "EZRA"
cik: "0001812727"
company_name: "Reliance Global Group, Inc."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:25:57.183851+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Reliance Global restates 2022 quarterly results due to EPS errors; Q1 2023 revenue up 29%

## Summary
- Restating Q1, Q2, Q3 2022 EPS calculations due to improper sequencing and miscalculated numerator/denominator.
- Revenue, expenses and net income for 2022 quarters remain unchanged; only EPS affected.
- Material weakness in internal controls over financial reporting identified for those periods.
- Q1 2023 revenue up 29% YoY; operating costs down 9%; net operating results improved 60%.
- RELI Exchange platform now has over 250 agency partners; new life insurance quoting tool launched.

## SEC filing metadata
- accession: 0001493152-23-018100
- form_type: 8-K
- ticker: EZRA
- cik: 0001812727
- company_name: Reliance Global Group, Inc.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812727/000149315223018100/0001493152-23-018100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812727/000149315223018100/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018100
- JSON: https://secwatch.observer/filing/0001493152-23-018100.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018100.txt

## Key facts
- Auditor Changes
  Reliance Global Group, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Mazars USA LLP
  source text: On May 12, 2023, the Company determined that the following financial statements should be restated and should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812727/000149315223018100/0001493152-23-018100-index.htm
- Earnings Releases
  Reliance Global Group, Inc. reported financial results for first quarter ended March 31, 2023.
  - Period: first quarter ended March 31, 2023
  - Result: reported results
  source text: On May 18, 2023, Reliance Global Group, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended May 18, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812727/000149315223018100/0001493152-23-018100-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.