Reliance Global Group, Inc. reported its financial results for the second quarter of 2025, revealing a total revenue of $3.1 million for the three months ending June 30, 2025, a decrease of 4.5% from $3.2 million in the same period last year. For the first half of 2025, the company generated $7.3 million in revenue, slightly up from $7.3 million in the prior year. The company experienced a net loss of $2.7 million for the second quarter, compared to a loss of $1.5 million in the same quarter of 2024, marking an increase in losses of 82%. The loss for the six months ended June 30, 2025, was $4.4 million, down from $6.8 million in the previous year.

The company’s operating expenses rose significantly, totaling $5.5 million for the second quarter, up from $4.4 million in the same period last year. This increase was primarily driven by higher salaries and wages, which rose by 31% to $2.6 million, largely due to non-cash share-based compensation. General and administrative expenses also increased by 51% to $1.5 million, reflecting acquisition-related costs. The company reported a loss from operations of $2.4 million for the second quarter, compared to a loss of $1.1 million in the prior year.

In terms of strategic developments, Reliance Global Group has been actively pursuing acquisitions, having acquired nine insurance agencies as of June 30, 2025. The company launched its RELI Exchange platform, which has expanded its agent roster by over 300%. Additionally, the company has focused on geographic expansion and enhancing its market presence through its "OneFirm" strategy, which aims to unify its operations under a cohesive brand.

As of June 30, 2025, Reliance Global Group reported total assets of approximately $18 million, up from $17.3 million at the end of 2024. The company’s cash and restricted cash balance increased to $3.4 million, compared to $2.8 million at the end of the previous year. The company’s liabilities also rose, totaling $14.9 million, up from $14.3 million at the end of 2024. The company’s stockholders’ equity increased to $3.1 million, reflecting ongoing efforts to strengthen its financial position.

Looking ahead, Reliance Global Group plans to continue its acquisition strategy and expand its operations in the insurance market. The company expects to recognize a gain of approximately $2.99 million from the sale of its Fortman Insurance Services subsidiary, which closed on July 7, 2025. The company remains focused on improving operational efficiencies and enhancing its market share in the insurance sector, despite the challenges posed by rising operational costs and competitive pressures.

About Reliance Global Group, Inc.

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