Reliance Global Reports Q1 Revenue Growth, 68% Net Loss Decline

Reliance Global Group reported strong financial results for the first quarter of 2025, highlighting a 4% increase in commission income revenue and a 68% reduction in net loss to $1.7 million, driven by disciplined fiscal management and operational efficiencies. Adjusted EBITDA showed a significant improvement of nearly 300%, marking continued profitability growth. The company launched RELI Auto Leasing, expanding its service offerings and revenue streams, and announced the upcoming acquisition of Spetner Associates, expected to double revenue and enhance cross-selling opportunities with over 85,000 new employees gaining access to Reliance's insurance products. Despite increases in commission expenses and salaries due to non-cash equity awards, overall non-equity costs have decreased, reflecting management's focus on cost control. Reliance Global Group remains optimistic about scalable growth in the InsurTech sector, leveraging AI and cloud technologies to enhance insurance brokerage efficiencies. The company also held a conference call to discuss these results and future strategies, emphasizing innovation and operational excellence.