Reliance Global Group Narrows Loss in Q1 2025, Posts Positive Adjusted EBITDA Amid Operational Streamlining and InsurTech Expansion

LAKEWOOD, N.J. — May 14, 2025 — Reliance Global Group, Inc. (Nasdaq: RELI) reported a 68% reduction in net loss and a return to positive Adjusted EBITDA in the first quarter of 2025, signaling improved operational efficiency and traction across its InsurTech platforms.

Key Q1 2025 Financial Highlights:

Commission income rose 4% to $4.24 million from $4.08 million in Q1 2024, driven by organic growth in the company’s insurance distribution channels.

Net loss was reduced to $1.74 million, down from $5.35 million a year earlier.

Adjusted EBITDA turned positive at $145,407, compared to a loss of $73,654 in the same period last year.

Equity-based compensation increased, representing $1.02 million of non-cash expense, contributing to higher reported G&A and salaries.

Total operating expenses grew, primarily from non-cash awards and investment in new capabilities like RELI Auto Leasing.

Transactional and non-standard legal costs amounted to $171,000, tied to M&A activity and legal claims from discontinued operations.

Business and Strategic Developments:

The pending acquisition of Spetner Insurance Group is expected to enhance insurance capabilities and market positioning.

The launch of RELI Auto Leasing enables agency partners to offer nationwide vehicle leasing with commission incentives.

Continued rollout of AI-powered InsurTech tools is improving underwriting and streamlining agency operations via the OneFirm initiative.

CEO Ezra Beyman emphasized the company's scalable model, stating, “Our disciplined cost control and technology integration are laying the groundwork for profitable long-term expansion. With the momentum from 2024 carrying forward and strategic innovations underway, we believe we are entering a phase of accelerated value creation.”