Reliance Global Group, Inc. (NASDAQ: RELI) Q2 2025 Earnings | 08/01/2025

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Reliance Global Group, Inc. reported its second quarter 2025 results, highlighting meaningful debt reduction and strategic business shifts despite ongoing financial challenges. Commission income for the quarter was $3.1 million, just below the $3.2 million reported in Q2 2024, due to a shift in the company’s medical and health client base; however, this was largely offset by an 8% increase in property and casualty (P&C) revenue. Commission expense rose to $989,000, compared to $886,000 in the prior-year quarter, reflecting the higher P&C activity. Salaries and wages increased to $2.6 million, up from $2.0 million a year earlier, driven by non-cash share-based compensation but partially offset by “OneFirm” integration efficiencies aimed at streamlining operations. General and administrative expenses also grew to $1.5 million from $1.0 million year-over-year, largely related to costs from recent acquisitions. The company posted a net loss of $2.7 million, compared to a net loss of $1.5 million in Q2 2024, reflecting higher non-cash equity compensation and acquisition-related costs. Adjusted EBITDA (AEBITDA) registered a loss of $382,000, up from a loss of $178,000 in the same quarter last year. Notably, Reliance Global reduced its long-term debt by $5.6 million (50%), which is expected to save $1.8 million in annual debt service and improve cash flow. Strategically, the company sold Fortman Insurance Services, anticipating a $3.0 million gain in the coming quarter, and launched RELI Auto Leasing—a new platform set to expand revenue streams for RELI Exchange Agency Partners. Management underscored the early impact of its integrated OneFirm model, which aims to increase efficiency and position the company for scalable growth. Looking ahead, Reliance Global continues to prioritize cost control, operational streamlining, and tech-enabled growth opportunities to drive long-term shareholder value, despite short-term financial headwinds. About Inside Ticker: For more expert analysis and real-time updates on Reliance Global Group, Inc. (NASDAQ: RELI) and other market movers, follow Inside Ticker and visit http://www.insideticker.com/ for in-depth reports, financial insights, and the latest news on leading companies. #RelianceGlobal #RELI #Q22025 #Earnings #FinancialResults #CommissionIncome #DebtReduction #NetLoss #AdjustedEBITDA #P&CRevenue #Integration #Acquisition #OperationalEfficiency #OneFirm #CostControl #RELIExchange #AutoLeasing #ShareholderValue #2025Outlook #InsideTicker