Reliance Global Group, Inc.
EZRA · Insurance Agents, Brokers & Service · 22.2M shares · +14%/yr ↑ dilution · EDGAR filings ↗
Reference price $0.17 · est. market cap ~$4M — last insider purchase, 2026-03-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D45Small insurance-broker holding company with deep losses, shrinking revenue, and a speculative pivot into tech investments and crypto.
Strengths
- Current/quick ratio 1.78 (68th pct) and reduced leverage after 2025 debt repayments
- Retains a recurring insurance cash-flow base
Risks
- Net margin -56%, ROE -109%, ROIC -68% with revenue down 11.6% (10th pct)
- Nasdaq minimum-bid deficiency, ongoing dilution (ATM/equity line), crypto-treasury volatility, and an unproven Scale51 milestone-investment strategy
Notable findings
- No interest coverageInterest coverage -8.64 (cannot cover interest)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -56.2%)
- Cash burnNegative free cash flow (-3.1M)
- Chronic dilutionShare count +14%/yr over 3y (dilution, book value/share -52%)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-72.5%
Net margin
-56.2%
Return on equity
-108.7%
Return on assets
-51.6%
ROIC
-67.9%
Revenue growth (QoQ)
46.5%
Debt / equity
0.6×
Interest coverage
-8.6×
Current ratio
1.8×
Free cash flow
-$3M
EBITDA
-$8M
Tangible book value
-$2M
Stock comp / revenue
38.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-26 | Beyman Ezra | Buy | 300K | $0.17 |
| 2026-03-24 | Markovits Joel | Sell | 128K | $0.21 |
| 2025-11-26 | Markovits Joel | Sell | 25K | $0.66 |
| 2025-09-15 | Beyman Ezra | Tax withheld | 290K | $0.87 |
| 2025-09-15 | Markovits Joel | Tax withheld | 94K | $0.87 |
| 2025-09-15 | Markovits Joel | Sell | 44K | $0.82 |
| 2025-09-15 | Beyman Yaakov | Tax withheld | 75K | $0.87 |
| 2025-09-04 | Markovits Joel | Sell | 30K | $0.88 |
| 2025-09-03 | Markovits Joel | Sell | 155 | $0.88 |
| 2025-09-03 | Beyman Yaakov | Tax withheld | 2.2K | $0.88 |
| 2025-09-03 | Markovits Joel | Tax withheld | 6.7K | $0.88 |
| 2025-09-03 | Beyman Ezra | Tax withheld | 9.0K | $0.88 |
| 2025-08-20 | Beyman Yaakov | Tax withheld | 6.9K | $0.95 |
| 2025-08-20 | Markovits Joel | Tax withheld | 16K | $0.95 |
| 2025-08-20 | Beyman Ezra | Tax withheld | 21K | $0.95 |
| 2025-08-01 | Markovits Joel | Tax withheld | 17K | $1.05 |
| 2025-08-01 | Beyman Yaakov | Tax withheld | 7.3K | $1.05 |
| 2025-08-01 | Beyman Ezra | Tax withheld | 23K | $1.05 |
| 2025-07-24 | Fruchtzweig Ben | Tax withheld | 18K | $1.43 |
| 2025-07-18 | Beyman Yaakov | Grant | 187K | — |
| 2025-07-18 | Beyman Ezra | Grant | 718K | — |
| 2025-07-18 | Fruchtzweig Ben | Grant | 66K | — |
| 2025-07-18 | Brickman Sheldon | Grant | 66K | — |
| 2025-07-18 | Markovits Joel | Grant | 214K | — |
| 2025-07-18 | KORMAN SCOTT | Grant | 66K | — |
| 2025-07-18 | Blumenfrucht Alex | Grant | 66K | — |
| 2025-07-16 | Markovits Joel | Tax withheld | 14K | $1.42 |
| 2025-07-16 | Beyman Ezra | Tax withheld | 19K | $1.42 |
| 2025-07-16 | Beyman Yaakov | Tax withheld | 6.1K | $1.42 |
| 2025-06-18 | Blumenfrucht Alex | Sell | 36K | $2.90 |
| 2025-06-18 | Brickman Sheldon | Sell | 15K | $2.82 |
| 2025-06-18 | Beyman Yaakov | Sell | 10K | $3.11 |
| 2025-06-18 | Markovits Joel | Sell | 41K | $3.00 |
| 2025-06-18 | Beyman Yaakov | Sell | 10K | $3.00 |
| 2025-06-18 | Fruchtzweig Ben | Sell | 26K | $2.85 |
| 2025-03-26 | Beyman Ezra | Gift | 12K | — |
| 2025-02-07 | Beyman Ezra | Tax withheld | 21K | $1.88 |
| 2025-02-07 | Markovits Joel | Tax withheld | 17K | $1.88 |
| 2025-02-07 | Beyman Yaakov | Tax withheld | 7.6K | $1.88 |
| 2025-02-05 | Markovits Joel | Grant | 49K | — |
| 2025-02-05 | Beyman Ezra | Grant | 66K | — |
| 2025-02-05 | KORMAN SCOTT | Grant | 11K | — |
| 2025-02-05 | Blumenfrucht Alex | Grant | 3.1K | — |
| 2025-02-05 | Brickman Sheldon | Grant | 11K | — |
| 2025-02-05 | Fruchtzweig Ben | Grant | 11K | — |
| 2025-02-05 | Beyman Yaakov | Grant | 16K | — |
| 2025-02-04 | Beyman Yaakov | Tax withheld | 7.4K | $1.96 |
| 2025-02-04 | Markovits Joel | Tax withheld | 17K | $1.96 |
| 2025-02-04 | Beyman Ezra | Tax withheld | 22K | $1.96 |
| 2025-01-21 | Blumenfrucht Alex | Grant | 33K | — |
| 2025-01-21 | Brickman Sheldon | Grant | 48K | — |
| 2025-01-21 | Fruchtzweig Ben | Grant | 48K | — |
| 2025-01-21 | KORMAN SCOTT | Grant | 48K | — |
| 2025-01-21 | Markovits Joel | Grant | 185K | — |
| 2025-01-21 | Beyman Yaakov | Grant | 83K | — |
| 2025-01-21 | Beyman Ezra | Grant | 250K | — |
| 2025-01-02 | Markovits Joel | Tax withheld | 10 | $2.89 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-25 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-06-03 | OtherExhibits | filing ↗ |
| 2026-05-14 | 5.03Reg FDExhibits | filing ↗ |
| 2026-05-07 | Shareholder voteExhibits | filing ↗ |
| 2026-05-04 | Material agreementDebt obligationReg FDOtherExhibits | filing ↗ |
| 2026-03-27 | Reg FDExhibits | filing ↗ |
| 2026-03-17 | Material agreement5.03Exhibits | filing ↗ |
| 2026-03-02 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-25 | 2026-06-18 | 0001493152-26-030196 ↗ |
| 8-K | 2026-06-03 | 2026-06-02 | 0001493152-26-026982 ↗ |
| 8-K | 2026-05-14 | 2026-05-12 | 0001493152-26-022840 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001493152-26-021761 ↗ |
| 8-K | 2026-05-07 | 2026-05-06 | 0001493152-26-021597 ↗ |
| 8-K | 2026-05-04 | 2026-04-28 | 0001493152-26-021123 ↗ |
| 8-K | 2026-03-27 | 2026-03-25 | 0001493152-26-013057 ↗ |
| 10-K/A | 2026-03-26 | 2025-12-31 | 0001493152-26-012912 ↗ |
| 8-K | 2026-03-17 | 2026-03-11 | 0001493152-26-010622 ↗ |
| 10-K | 2026-03-10 | 2025-12-31 | 0001493152-26-009536 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001493152-26-008540 ↗ |
| 8-K | 2026-02-25 | 2026-02-19 | 0001493152-26-007959 ↗ |