Did Reliance Global beat or miss consensus estimates last quarter?

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What were the key takeaways from Reliance Global’s earnings call?

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What is the revenue and EPS growth rate for Reliance Global year over year?

What is Reliance Global's gross profit margin?

What factors drove the changes in Reliance Global's revenue and profit?

- **Strategic asset sale success**: Fortman sale generated $3 million gain, reducing debt 50% and boosting cash 590%.
- **Operational efficiency**: New client service center cuts costs 284% while improving partner productivity.
- **Digital innovation**: Digital asset portfolio expansion positions for blockchain/InsurTech growth.
- **Shareholder returns**: First dividend signals commitment to returning capital, with potential future payouts.

**【CEO Summary Section】**
- Sold Fortman Insurance Services for $5 million, realizing a $3 million gain and reducing long-term debt by 50%.
- Unrestricted cash increased 590% ($2.6 million), working capital rose 284% ($1.6 million), and equity grew 125% ($6.8 million).
- Launched RELI Exchange client service center to streamline policy administration and improve partner productivity.
- Declared first special dividend of $0.03 per share, reflecting financial strength and shareholder returns.
- Expanded digital asset treasury (DAT) with positions in Ethereum, Bitcoin, XRP, etc., aligning with InsurTech and blockchain strategy.

**【CFO Financial Commentary】**
- Commission income $2.5 million (down 26% YoY due to Fortman sale), with commission expense up 11% to $1 million.
- Salaries and wages $3.9 million (up 135% YoY due to noncash equity grants).
- Adjusted EBITDA loss $700,000 (vs. $40,000 gain YoY), driven by operational restructuring.
- Net loss $1.2 million (vs. $0.8 million YoY), reflecting one-time Fortman gain offset by noncash compensation.

**【Q&A Highlights】**
- **Ellen Litvak (Chorus Capital):** Asked if special dividend would recur. CEO responded it is under consideration for future quarters, emphasizing shareholder value creation.

Reliance Global Group, Inc. (RELI) Q3 2025 Earnings Call Transcript

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