Reliance Global Group, Inc. financial data

Symbol
RELI, RELIW on Nasdaq
Industry
Insurance Agents, Brokers & Service
Location
300 Boulevard Of The Americas,, Suite 105, Lakewood, NJ
State of incorporation
Florida
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Jul 25, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 117 % +56.3%
Debt-to-equity 250 % +56.8%
Return On Equity -248 % -139%
Return On Assets -70.7 % -76.9%
Operating Margin -124 % -198%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 1.24M shares -41.7%
Common Stock, Shares, Outstanding 1.04M shares -49.5%
Entity Public Float 7.8M USD -62.9%
Common Stock, Value, Issued 89.2K USD -49.5%
Weighted Average Number of Shares Outstanding, Basic 539K shares +237%
Weighted Average Number of Shares Outstanding, Diluted 539K shares +237%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 13.9M USD +7.09%
Revenue from Contract with Customer, Excluding Assessed Tax 13.9M USD +17.8%
General and Administrative Expense 4.49M USD +51.9%
Operating Income (Loss) -17.2M USD -219%
Nonoperating Income (Expense) 1.35M USD -76.8%
Income Tax Expense (Benefit) 0 USD
Net Income (Loss) Attributable to Parent -16M USD +1.3%
Earnings Per Share, Basic -0.98 USD/shares +95.2%
Earnings Per Share, Diluted 0.64 USD/shares +58.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 979K USD -8.71%
Assets, Current 4.32M USD -39.4%
Property, Plant and Equipment, Net 140K USD -5.77%
Operating Lease, Right-of-Use Asset 1.01M USD +3.86%
Intangible Assets, Net (Excluding Goodwill) 6.15M USD -50%
Goodwill 6.69M USD -53.2%
Other Assets, Noncurrent 21.8K USD -6.41%
Assets 18.3M USD -47.4%
Accounts Payable, Current 635K USD -15%
Accrued Liabilities, Current 40.5K USD -63%
Liabilities, Current 3.72M USD -23.5%
Operating Lease, Liability, Noncurrent 782K USD +22.9%
Other Liabilities, Noncurrent 959K USD
Liabilities 15.5M USD -29.3%
Retained Earnings (Accumulated Deficit) -45.8M USD -53.6%
Stockholders' Equity Attributable to Parent 2.89M USD -77.8%
Liabilities and Equity 18.3M USD -47.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -204K USD +80.8%
Net Cash Provided by (Used in) Financing Activities -392K USD -114%
Net Cash Provided by (Used in) Investing Activities -29.4K USD +69.4%
Common Stock, Shares Authorized 118M shares -11.8%
Common Stock, Shares, Issued 1.04M shares -49.5%
Common Stock, Par or Stated Value Per Share 0.09 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -626K USD -138%
Interest Paid, Excluding Capitalized Interest, Operating Activities 382K USD +263%
Deferred Tax Assets, Valuation Allowance 12.1M USD +102%
Deferred Tax Assets, Gross 12.1M USD +102%
Operating Lease, Liability 1.04M USD +14.9%
Depreciation 24.9K USD +186%
Payments to Acquire Property, Plant, and Equipment 12.3K USD +83.9%
Lessee, Operating Lease, Liability, to be Paid 1.3M USD +28.4%
Property, Plant and Equipment, Gross 278K USD +8.83%
Operating Lease, Liability, Current 263K USD -29%
Lessee, Operating Lease, Liability, to be Paid, Year Two 230K USD +103%
Lessee, Operating Lease, Liability, to be Paid, Year One 265K USD +26.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure +32.3%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 253K USD +149%
Lessee, Operating Lease, Liability, to be Paid, Year Three 215K USD +85.2%
Deferred Tax Assets, Operating Loss Carryforwards 10.4M USD +111%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 750M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 182K USD +52.1%
Additional Paid in Capital 48.6M USD +13.9%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 1.9M USD +46.1%
Depreciation, Depletion and Amortization 534K USD -1.43%
Share-based Payment Arrangement, Expense 246K USD +595%
Interest Expense -371K USD -90.3%
Preferred Stock, Par or Stated Value Per Share 0.09 USD/shares 0%