earnings
confidence high
sentiment neutral
materiality 0.60
Reliance Global Group FY2024 revenue $14.1M (+2%); net loss narrows 24% to $9.1M
Reliance Global Group, Inc.
- Commission income revenue $14,054,361, up 2% from $13,731,826 in 2023.
- Net loss improved 24% to $9,071,584 from $12,009,982; lower impairment charges helped.
- Adjusted EBITDA loss improved 39% to $(321,224) from $(526,798).
- Pending Spetner acquisition in final closing stages to expand insurance offerings.
- RELI Exchange Quote & Bind platform expanded with more carriers and AI-driven automation.