Earnings ·
Reliance Global Group reported second quarter 2026 financial results and provided a business update
EZRAWReliance Global Group, Inc.
Reliance Global Group reported second quarter 2026 financial results and provided a business update. Commission income decreased to approximately $2.1 million from $3.1 million in the prior year period due to divestitures of non-core operations, partially offset by organic growth. Operating expenses were reduced by approximately 28% year-over-year through cost management efficiencies. The net loss improved to approximately $2.0 million compared with $2.7 million in the previous quarter. Adjusted EBITDA widened to a loss of $1.1 million from a loss of $0.4 million, primarily driven by lower non-GAAP adjustments for share-based compensation and interest expense. As of June 30, 2026, the company held approximately $0.8 million in cash and stockholders' equity of $6.6 million. The company also announced the launch of a proprietary AI agent for secure browser automation to enhance insurance operations. Reliance Global Group operates as an InsurTech company leveraging artificial intelligence and cloud computing to transform the insurance agency and brokerage industry.