{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-013111","form_type":"8-K","ticker":"EZRA","cik":"0001812727","company_name":"Reliance Global Group, Inc.","filed_at":"2024-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.283034+00:00","generated_at":"2026-06-04T02:25:38.263869+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Reliance Global 2023 revenue +17% to $13.7M, net loss $12.0M; acquisition LOI in final stages","bullets":["Revenue $13.7M, up 17% YoY; 67% organic, 33% acquisition-related.","GAAP net loss $12.0M vs $6.5M net income in 2022, driven by $7.6M goodwill impairment.","Adjusted EBITDA loss improved 75% to $687k from $2.8M loss in 2022.","Working capital turned positive to $1.2M from negative $4.6M; cash $2.7M, +43%.","Acquisition LOI for voluntary benefits provider (45k+ employee lives) progressing to definitive agreement; projected AEBITDA >$4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-013111","json":"https://secwatch.observer/filing/0001493152-24-013111.json","markdown":"https://secwatch.observer/filing/0001493152-24-013111.md","text":"https://secwatch.observer/filing/0001493152-24-013111.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1812727/000149315224013111/0001493152-24-013111-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1812727/000149315224013111/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T02:25:38.263869+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5d8234fd5a00a0dbb6be018938f2b33107449770","claim":"Reliance Global Group, Inc. reported the year ended December 31, 2023 results: revenue $13.7 million, net income $12.0 million.","evidence_excerpt":"2023 Financial Highlights*: (approximates) ● Commission income increased by $2.0 million, or 17%, to $13.7 million in 2023, compared to $11.8 million in 2022, of which 67% is organic growth and 33%, is acquisition related. ● Commission expense increased by $592,000, or 19%, to $3.7 million in 2023, compared to $3.1 million in 2022, driven primarily by the Company’s increased commission income revenues. ● Salaries and wages remained relatively flat at $7.5 million, representing a nominal decrease of $5,000, or 0.1%, during 2023 compared to 2022, demonstrating the Company’s ability to effectively leverage its in-place talent (human capital) despite robust increases in top-line revenue. ● General and administrative expenses decreased by $869,000, or 18%, to $4.1 million in 2023, compared to $5.0 million in 2022, driven in part by OneFirm efficiencies gained, coupled with lower acquisition-related costs. ● Net loss was $12.0 million in 2023, compared to net income of $6.5 million in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1812727/000149315224013111/0001493152-24-013111-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$13.7 million"},{"label":"Net income","value":"$12.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}