---
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"
generated_at: "2026-06-04T02:25:38.263869+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Reliance Global 2023 revenue +17% to $13.7M, net loss $12.0M; acquisition LOI in final stages

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-013111
- JSON: https://secwatch.observer/filing/0001493152-24-013111.json
- Plain text: https://secwatch.observer/filing/0001493152-24-013111.txt

## Key facts
- Earnings Releases
  Reliance Global Group, Inc. reported the year ended December 31, 2023 results: revenue $13.7 million, net income $12.0 million.
  - Period: the year ended December 31, 2023
  - Revenue: $13.7 million
  - Net income: $12.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1812727/000149315224013111/0001493152-24-013111-index.htm

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