Reliance Global Group, Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Reliance Global Group Q2 2026 Earnings Summary

Quarter Ended: June 30, 2026 (compared to Q2 2025 prior year quarter)

Key Financial Highlights

  • Commission Income: $2.1 million (down from $3.1 million in Q2 2025), primarily due to portfolio realignment and divestiture of non-core operations, partially offset by organic growth in retained insurance businesses.
  • Commission Expense: $0.8 million (down from $1.0 million in Q2 2025).
  • Salaries and Wages: $1.5 million (down from $2.6 million in Q2 2025), reflecting lower personnel costs post-divestitures and reduced non-cash share-based compensation.
  • General & Administrative Expenses: $1.2 million (down from $1.5 million in Q2 2025), driven by OneFirm operating model, cost discipline, and absence of prior-year acquisition-related costs.
  • Operating Expenses: Reduced by approximately 28% year-over-year.
  • Net Loss Attributable to Reliance: $2.0 million (improved from $2.7 million in Q2 2025, a ~26% improvement), primarily due to operating efficiencies, lower non-cash compensation, and reduced interest expense.

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Operator: Good day, everyone, and welcome to the Reliance Global Group 2026 Second Quarter Business Update. [Operator Instructions] It is now my pleasure to hand the floor over to your host, Ted Ayvas, Investor Relations. Sir, the floor is yours. Ted Ayvas: Thanks, Matthew. Good afternoon and thank you for joining Reliance Global Group's 2026 Second Quarter Financial Results and Business Update Conference Call. On the call with us today are Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group; and Joel Markovits, Chief Financial Officer of Reliance. Earlier today, the company announced its operating results for the quarter ended June 30, 2026, in the press release posted on the company's website, www.relianceglobalgroup.com. In addition, the company will be filing its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission today, which can also be accessed on the company's website as well as the SEC's website at www.sec.gov. If you have any questions after the call or would like any additional information about the company, please contact Crescendo Communications at (212) 671-1020. Before Mr. Beyman reviews the company's operating results for the quarter ended June 30, 2026, we would like to remind everyone that this conference call may contain forward-looking statements. All statements other than statements of historical facts contained in the conference call, including statements regarding our future results of operations

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