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General information

Country: UNITED STATES

Sector: Insurance Brokers

Reliance Global Group, Inc. engages in the acquisition and management of insurance agencies in the United States. It provides healthcare and medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in November 2018. Reliance Global Group, Inc. was founded in 2013 and is based in Lakewood, New Jersey.
Website: relianceglobalgroup.com



Growth: Good revenue growth rate 100.0%, there is acceleration compared to average historical growth rates 56.1%. The revenue growth dynamics is unstable

Profitability: LTM net profit margin is negative, -35.7%. On average the margin is improving steadily. Gross margin is normal, +28.1%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 50% of quarters (showing a gain of -$0.81 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 0.0% higher than minimum and 99.8% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 3.3x by P / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: RELI
Share price, USD:  (0.0%)0.266
year average price 1.9912  


year start price 3.0300 2023-05-01

max close price 4.8700 2023-07-07

min close price 0.2660 2024-04-26

current price 0.2660 2024-04-29
Common stocks: 1 094 989

Dividend Yield:  0.0%
Last revenue growth (y/y):  100.0%
Last growth of Net Income (y/y):  ---
Historical revenue growth:  56.1%
Historical growth of Net Income:  ---
P / Sales: 0.0x
Margin (Net Income LTM / Revenue): -35.7%
Fundamental value created in LTM:
Market Cap ($m): 0
Price to Book: 0.0x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-03GlobeNewsWire

Reliance Global Group Schedules Fourth Quarter 2023 Financial Results and Business Update Conference Call

2023-11-21InvestorPlace

Why Is Reliance Global (RELI) Stock on the Move Today?

2023-11-19Seeking Alpha

Reliance Global Group, Inc. (RELI) Q3 2023 Earnings Call Transcript

2023-08-12Seeking Alpha

Reliance Global Group, Inc. (RELI) Q2 2023 Earnings Call Transcript

2023-05-18Seeking Alpha

Reliance Global Group, Inc. (RELI) Q1 2023 Earnings Call Transcript

2023-05-18GlobeNewsWire

Reliance Global Group Schedules First Quarter 2023 Financial Results and Business Update Conference Call
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol RELI RELI RELI RELI RELI RELI RELI
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-04 2023-11-13 2023-08-10 2023-05-18 2023-03-30 2022-11-14 2022-08-15
acceptedDate 2024-04-04 08:36:32 2023-11-13 16:14:28 2023-08-10 08:10:53 2023-05-18 17:28:44 2023-03-30 17:09:40 2022-11-14 16:50:44 2022-08-15 11:32:18
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
revenue 3M 3M 3M 4M 4M 4M 4M
costOfRevenue 2M 3M 3M 3M 3M 3M 3M
grossProfit 2M 703 663 630 934 1M 1M 1M 1M
grossProfitRatio 0.495 0.215 0.197 0.290 0.282 0.283 0.281
researchAndDevelopmentExpenses 0 0 0 0 0 0 0
generalAndAdministrativeExpenses -340 188 1M 2M 1M 1M 1M 2M
sellingAndMarketingExpenses 790.000 117 752 109 860 136 572 662 375 726 115 609 383
sellingGeneralAndAdministrativeExpenses -339 398 1M 2M 1M 2M 2M 2M
otherExpenses -818 252 -310.000 -16 979 541 873 724 452 713 444 756 403
operatingExpenses 818 252 2M 2M 2M 3M 3M 3M
costAndExpenses 2M 5M 5M 5M 6M 6M 6M
interestIncome 0 0 0 0 0 0 0
interestExpense 404 868 419 037 422 058 895 519 -21M -8M 0
depreciationAndAmortization 647 125 652 839 767 354 -4M 724 452 -7M 756 400
ebitda 1M -782 525 -1M -5M 17M -9M 11M
ebitdaratio 0.443 -0.239 -0.340 -1.172 4.079 -2.100 2.675
operatingIncome 824 520 -1M -2M -893 019 16M -2M -2M
operatingIncomeRatio 0.248 -0.438 -0.575 -0.227 3.905 -0.365 -0.462
totalOtherIncomeExpensesNet -10M 2M -2M 4M -36M 8M 12M
incomeBeforeTax -9M -139 004 -4M 3M -19M 6M 10M
incomeBeforeTaxRatio -2.676 -0.042 -1.211 0.757 -4.686 1.474 2.495
incomeTaxExpense 138 805 418 727 -3M 895 519 -21M -8M 0
netIncome -9M -139 004 -1M 2M 1M 14M 10M
netIncomeRatio -2.718 -0.042 -0.330 0.530 0.249 3.313 2.495
eps -3.070 -0.046 -0.390 1.340 0.940 11.850 8.400
epsdiluted -3.070 -0.046 -0.390 0.960 0.940 11.850 7.500
weightedAverageShsOut 3M 3M 3M 2M 1M 1M 1M
weightedAverageShsOutDil 3M 3M 3M 2M 1M 1M 1M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol RELI RELI RELI RELI RELI RELI RELI
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-04 2023-11-13 2023-08-10 2023-05-18 2023-03-30 2022-11-14 2022-08-15
acceptedDate 2024-04-04 08:36:32 2023-11-13 16:14:28 2023-08-10 08:10:53 2023-05-18 17:28:44 2023-03-30 17:09:40 2022-11-14 16:50:44 2022-08-15 11:32:18
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 3M 2M 1M 2M 505 410 2M 3M
shortTermInvestments 0 0 0 0 0 0 0
cashAndShortTermInvestments 3M 2M 1M 2M 505 410 2M 3M
netReceivables 1M 1M 4M 981 961 1M 1M 1M
inventory 1.000 1M 1M 1M 1M 0 0
otherCurrentAssets -4M 299 522 553 122 164 154 249 327 399 506 2M
totalCurrentAssets 4M 5M 7M 5M 3M 4M 6M
propertyPlantEquipmentNet 879 829 1M 1M 1M 1M 2M 2M
goodwill 7M 14M 14M 14M 19M 33M 33M
intangibleAssets 11M 12M 12M 13M 14M 14M 15M
goodwillAndIntangibleAssets 18M 26M 27M 27M 33M 48M 48M
longTermInvestments 0 0 0 900 000 900 000 1M 1M
taxAssets 0 0 0 0 0 0 0
otherNonCurrentAssets 20 292 23 283 23 284 23 285 23 284 23 284 23 284
totalNonCurrentAssets 19M 27M 28M 29M 35M 51M 51M
otherAssets 0 0 0 0 1.000 0 0
totalAssets 23M 32M 35M 34M 38M 55M 57M
accountPayables 635 339 999 785 911 247 1M 1M 1M 1M
shortTermDebt 2M 2M 3M 2M 2M 2M 1M
taxPayables 0 0 0 0 0 0 0
deferredRevenue 96 945 64 101 217 101 0 0 0 0
otherCurrentLiabilities 216 064 801 591 1M 3M 5M 5M 7M
totalCurrentLiabilities 3M 4M 5M 5M 8M 8M 9M
longTermDebt 12M 12M 13M 14M 15M 15M 14M
deferredRevenueNonCurrent 0 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0 0
otherNonCurrentLiabilities 753 328 2M 4M 3M 7M 16M 12M
totalNonCurrentLiabilities 13M 14M 17M 16M 22M 19M 26M
otherLiabilities 0 0 0 0 0 0 0
capitalLeaseObligations 484 335 909 533 1M 951 486 1M 1M 1M
totalLiabilities 16M 18M 22M 22M 30M 27M 35M
preferredStock 0 0 0 0 0 0 781.000
commonStock 409 509 198 155 176 546 134 660 104 883 2M 1M
retainedEarnings -39M -30M -30M -29M -27M -8M -14M
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 0 0 0
othertotalStockholdersEquity 46M 44M 43M 41M 36M 34M 34M
totalStockholdersEquity 7M 14M 13M 12M 9M 28M 22M
totalEquity 7M 14M 13M 12M 9M 28M 22M
totalLiabilitiesAndStockholdersEquity 23M 32M 35M 34M 38M 55M 57M
minorityInterest 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 23M 32M 35M 34M 38M 55M 57M
totalInvestments 0 0 0 900 000 900 000 1M 0
totalDebt 15M 14M 16M 15M 16M 17M 16M
netDebt 12M 13M 15M 13M 16M 15M 13M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol RELI RELI RELI RELI RELI RELI RELI
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-04 2023-11-13 2023-08-10 2023-05-18 2023-03-30 2022-11-14 2022-08-15
acceptedDate 2024-04-04 08:36:32 2023-11-13 16:14:28 2023-08-10 08:10:53 2023-05-18 17:28:44 2023-03-30 17:09:40 2022-11-14 16:50:44 2022-08-15 11:32:18
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
netIncome -9M -139 003 -1M -2M -19M 6M 10M
depreciationAndAmortization 647 125 652 839 767 354 541 873 724 452 713 444 756 400
deferredIncomeTax -2M 1M -1M 0 0 0 0
stockBasedCompensation 768 163 27 779 35 367 43 797 16 573 314 257 179 083
changeInWorkingCapital -173 604 59 214 -156 949 -45 332 144 410 109 040 253 821
accountsReceivables -93 694 -213 617 -16 280 30 652 -63 149 100 430 140 902
inventory 0 0 0 0 0 0 0
accountsPayables -96 669 88 538 -165 364 125 229 236 385 170 250 4379.000
otherWorkingCapital 16 759 184 293 24 695 -201 213 -28 826 -161 640 -25 894
otherNonCashItems 9M 195 453 933 692 183 322 18M -8M 0
netCashProvidedByOperatingActivities -830 663 2M -942 223 -1M -1M -866 587 -968 131
investmentsInPropertyPlantAndEquipment -8394.000 -16 545 -84 283 -80 589 -109 703 -356 680 -16 881
acquisitionsNet 0 0 0 0 -24M 0 -6M
purchasesOfInvestments 0 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 900 000 0 450 000 0 0
otherInvestingActivites -6736.000 -8349.000 15 708 -15 708 24M 0 -216 955
netCashUsedForInvestingActivites -8394.000 -16 545 831 425 -96 297 340 297 -356 680 -6M
debtRepayment -637 559 -1M -382 721 -718 084 -378 016 -434 427 -272 059
commonStockIssued -471 730 2M 0 3M 14 631 795.000 0
commonStockRepurchased 0 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0 0
otherFinancingActivites 17 700 -133 706 -380 519 77 300 -79 760 284 112 6M
netCashUsedProvidedByFinancingActivities 390 711 -1M -763 240 3M -443 145 -149 520 6M
effectOfForexChangesOnCash 0 0 883 880 0 0 0 0
netChangeInCash -448 346 507 001 -874 038 2M -1M -1M -2M
cashAtEndOfPeriod 3M 3M 3M 4M 2M 3M 4M
cashAtBeginningOfPeriod 3M 3M 4M 2M 3M 4M 6M
operatingCashFlow -830 663 2M -942 223 -1M -1M -866 587 -968 131
capitalExpenditure -8394.000 -16 545 -84 283 -80 589 -109 703 -356 680 -233 836
freeCashFlow -839 057 2M -1M -1M -1M -1M -1M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Earning call transcript

2023 q3
2023-11-19 ET (fiscal 2023 q3)
2023 q2
2023-08-12 ET (fiscal 2023 q2)
2023 q1
2023-05-18 ET (fiscal 2023 q1)
2022 q4
2023-03-31 ET (fiscal 2022 q4)
2022 q3
2022-11-15 ET (fiscal 2022 q3)
2022 q2
2022-08-15 ET (fiscal 2022 q2)

SEC forms

Show financial reports only

SEC form 10
2024-04-04 00:00 ET
Reliance Global Group reported for 2023 q4
SEC form 8
2024-04-04 00:00 ET
Reliance Global Group published news for 2024 q1
SEC form 8
2024-04-04 00:00 ET
Reliance Global Group published news for 2024 q1
SEC form 8
2023-11-13 00:00 ET
Reliance Global Group published news for 2023 q3
SEC form 10
2023-11-13 00:00 ET
Reliance Global Group reported for 2023 q3
SEC form 8
2023-08-10 00:00 ET
Reliance Global Group published news for 2023 q2
SEC form 10
2023-08-10 00:00 ET
Reliance Global Group reported for 2023 q2
SEC form 8
2023-05-18 00:00 ET
Reliance Global Group published news for 2023 q1
SEC form 10
2023-05-18 00:00 ET
Reliance Global Group reported for 2023 q1
SEC form 10
2023-03-30 17:09 ET
Reliance Global Group reported for 2022 q4
SEC form 6
2023-03-30 16:06 ET
Reliance Global Group published news for 2022 q4
SEC form 8
2023-03-30 00:00 ET
Reliance Global Group published news for 2022 q4
SEC form 10
2023-03-30 00:00 ET
Reliance Global Group reported for 2022 q4
SEC form 6
2023-03-29 08:00 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2023-03-16 16:30 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2023-03-16 08:00 ET
Reliance Global Group published news for 2022 q4
SEC form 8
2023-03-16 00:00 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2023-03-14 08:58 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2023-03-10 08:30 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2023-02-22 08:07 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2023-02-16 16:01 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2023-02-13 17:14 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2023-01-04 08:15 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2023-01-03 17:00 ET
Reliance Global Group published news for 2022 q4
SEC form 6
2022-11-16 16:19 ET
Reliance Global Group published news for 2022 q3
SEC form 8
2022-11-16 00:00 ET
Reliance Global Group published news for 2022 q3
SEC form 10
2022-11-14 16:50 ET
Reliance Global Group reported for 2022 q3
SEC form 10
2022-11-14 00:00 ET
Reliance Global Group reported for 2022 q3
SEC form 6
2022-10-28 16:05 ET
Reliance Global Group published news for 2022 q3
SEC form 6
2022-09-29 06:55 ET
Reliance Global Group published news for 2022 q2
SEC form 6
2022-09-23 21:40 ET
Reliance Global Group published news for 2022 q2
SEC form 6
2022-09-21 16:24 ET
Reliance Global Group published news for 2022 q2
SEC form 6
2022-08-15 13:43 ET
Reliance Global Group published news for 2022 q2
SEC form 10
2022-08-15 11:32 ET
Reliance Global Group reported for 2022 q2
SEC form 10
2022-08-15 00:00 ET
Reliance Global Group reported for 2022 q2
SEC form 8
2022-08-15 00:00 ET
Reliance Global Group published news for 2022 q2
SEC form 6
2022-08-02 09:55 ET
Reliance Global Group published news for 2022 q2
SEC form 8
2022-08-02 00:00 ET
Reliance Global Group published news for 2022 q2
SEC form 6
2022-05-31 16:25 ET
Reliance Global Group published news for 2022 q1
SEC form 6
2022-05-19 11:19 ET
Reliance Global Group published news for 2022 q1
SEC form 10
2022-05-16 15:07 ET
Reliance Global Group reported for 2022 q1
SEC form 10
2022-05-16 00:00 ET
Reliance Global Group reported for 2022 q1
SEC form 6
2022-05-02 16:57 ET
Reliance Global Group published news for 2022 q1
SEC form 6
2022-04-18 11:08 ET
Reliance Global Group published news for 2022 q1
SEC form 6
2022-04-06 10:59 ET
Reliance Global Group published news for 2022 q1
SEC form 10
2022-03-31 15:56 ET
Reliance Global Group published news for 2021 q4
SEC form 10
2022-03-31 00:00 ET
Reliance Global Group published news for 2021 q4
SEC form 6
2022-03-25 15:57 ET
Reliance Global Group published news for 2021 q4
SEC form 6
2022-03-24 17:15 ET
Reliance Global Group published news for 2021 q4
SEC form 6
2022-03-17 09:25 ET
Reliance Global Group published news for 2021 q4
SEC form 6
2022-02-04 16:05 ET
Reliance Global Group published news for 2021 q4
SEC form 6
2022-01-14 16:05 ET
Reliance Global Group published news for 2021 q4
SEC form 6
2022-01-06 09:00 ET
Reliance Global Group published news for 2021 q4
SEC form 6
2021-12-23 10:47 ET
Reliance Global Group published news for 2021 q3
SEC form 10
2021-11-09 17:25 ET
Reliance Global Group published news for 2021 q3
SEC form 10
2021-11-09 00:00 ET
Reliance Global Group published news for 2021 q3
SEC form 10
2021-08-17 16:38 ET
Reliance Global Group published news for 2021 q2
SEC form 6
2021-08-17 16:19 ET
Reliance Global Group published news for 2021 q2
SEC form 10
2021-08-17 00:00 ET
Reliance Global Group published news for 2021 q2
SEC form 10
2021-05-13 17:15 ET
Reliance Global Group published news for 2021 q1
SEC form 6
2021-05-13 17:10 ET
Reliance Global Group published news for 2021 q1
SEC form 10
2021-05-13 00:00 ET
Reliance Global Group published news for 2021 q1
SEC form 10
2021-03-24 09:15 ET
Reliance Global Group published news for 2020 q4
SEC form 6
2021-02-09 10:09 ET
Reliance Global Group published news for 2020 q4