Exzeo Group, Inc.
Business
Exzeo Group, Inc. provides turnkey insurance technology and operations solutions to P&C insurance carriers and agents through a proprietary platform of purpose-built software and data analytics applications. The Exzeo Platform includes advanced underwriting solutions, data analytics solutions, and insurance management solutions that support quoting, underwriting, policy administration, claims management, and financial reporting. The company generates revenue from underwriting and management services, claims services, and other technology services, primarily through variable-fee structures based on premium managed or transaction volume. Exzeo serves customers across 13 U.S. states and holds necessary insurance agency and MGA licenses.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Revenue | 217 | 134 | 88 | |
| Cost of Revenue | 86 | 81 | 71 | |
| Gross profit | 131 | 53 | 17 | |
| Selling, general and administrative | 16 | 8 | 8 | |
| Research and development | 9 | 7 | 7 | |
| Depreciation and amortization | 479,000 | 335,000 | 292,000 | |
| Total operating expenses | 25 | 15 | 15 | |
| Operating income | 106 | 38 | 3 | |
| Investment income | 4 | 548,000 | 52,000 | |
| Interest expense | 0 | −3 | −2 | |
| Income from continuing operations, before taxes | 110 | 35 | 883,000 | |
| Income tax expense (benefit) from continuing operations | 28 | 9 | −12 | |
| Net income | 83 | 26 | 13 | |
| Income from discontinued operations, before taxes | 0 | 26 | 12 | |
| Income tax expense from discontinued operations | 0 | 7 | 3 | |
| Income from discontinued operations, after tax | 0 | 19 | 9 | |
| Net income | 83 | 45 | 21 | |
| Less: Dividends on preferred stock | 0 | −10 | −9 | |
| Income attributable to common stockholders | 83 | 35 | 12 | |
| Basic earnings per share from continuing operations | 0.99 | 0.2 | 0.04 | |
| Diluted earnings per share from continuing operations | 0.99 | 0.2 | 0.04 | |
| Basic earnings per share from discontinued operations | 0 | 0.24 | 0.11 | |
| Diluted earnings per share from discontinued operations | 0 | 0.24 | 0.11 | |
| Basic earnings per share | 0.99 | 0.44 | 0.15 | |
| Diluted earnings per share | 0.99 | 0.44 | 0.15 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Cash and cash equivalents | 305 | 55 | |
| Accounts receivable | 3 | 0 | |
| Prepaid expense | 1 | 609,000 | |
| Current contract cost assets | 5 | 6 | |
| Income taxes receivable | 0 | 3 | |
| Other current assets | 43,000 | 42,000 | |
| Total current assets | 326 | 67 | |
| Property and equipment, net | 11 | 11 | |
| Operating lease right-of-use assets | 7 | 8 | |
| Non-current contract cost assets | 1 | 3 | |
| Deferred income taxes, net | 3 | 0 | |
| Other assets | 274,000 | 275,000 | |
| Total non-current assets | 22 | 22 | |
| Total assets | 348 | 89 | |
| Current contract liabilities | 71 | 47 | |
| Commissions payable | 5 | 4 | |
| Accounts payable and accrued liabilities | 3 | 2 | |
| Operating lease liabilities | 2 | 2 | |
| Income taxes payable | 2 | 0 | |
| Total current liabilities | 84 | 56 | |
| Non-current contract liabilities | 4 | 8 | |
| Operating lease liabilities | 5 | 6 | |
| Deferred income taxes, net | 0 | 2 | |
| Other liabilities | 790,000 | 852,000 | |
| Total non-current liabilities | 9 | 18 | |
| Total liabilities | 94 | 74 | |
| Commitments and contingencies (Note 15) | — | — | |
| Common stock ($0.001 par value, 184,000,000 shares authorized, 90,926,720 and 82,810,089 shares issued and outstanding as of December 31, 2025 and 2024, respectively) | 91,000 | 83,000 | |
| Additional paid-in capital | 229 | 73 | |
| Retained earnings (accumulated deficit) | 25 | −57 | |
| Total stockholders equity | 254 | 16 | |
| Total liabilities and stockholders' equity | 348 | 89 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Stock-based compensation | 3 | 3 | 3 | |
| Depreciation and amortization | 3 | 2 | 2 | |
| Deferred income taxes | −5 | 2 | −6 | |
| Foreign currency remeasurement losses | 173,000 | 132,000 | 50,000 | |
| Accounts receivable | −3 | 0 | 0 | |
| Receivable from related parties | −8 | −2 | −3 | |
| Prepaid expenses | −874,000 | −157,000 | 68,000 | |
| Contract cost assets | 4 | −3 | −2 | |
| Income taxes payable (receivable) | 6 | 4 | −2 | |
| Contract liabilities | 19 | 15 | 5 | |
| Commissions payable | 285,000 | 407,000 | −807,000 | |
| Accounts payable and accrued liabilities | 434,000 | 442,000 | 607,000 | |
| Other liabilities | −33,000 | 339,000 | 157,000 | |
| Other assets | −1,000 | −125,000 | 7,000 | |
| Operating lease | 91,000 | 94,000 | 297,000 | |
| Cash provided by operating activities | 100 | 49 | 10 | |
| Capital expenditures | −3 | −3 | −3 | |
| Cash used in investing activities | −3 | −3 | −3 | |
| Redemption of redeemable preferred stock | 0 | −100 | 0 | |
| Proceeds from issuance of notes payable, related party | 0 | 100 | 0 | |
| Proceeds from initial public offering | 156 | 0 | 0 | |
| Payments of issuance costs | −1 | 0 | 0 | |
| Repurchase of common stock | −1 | −481,000 | −352,000 | |
| Repayment of long-term debt | 0 | −3 | −9,000 | |
| Dividends paid on redeemable preferred stock | 0 | −3 | −7 | |
| Cash provided by (used in) financing activities | 154 | −6 | −7 | |
| Effect of exchange rate changes on cash | −230,000 | −87,000 | −42,000 | |
| Cash provided by (used in) continuing operations | 251 | 39 | −260,000 | |
| Cash provided by operating activities from discontinued operations | 0 | 143 | 49 | |
| Cash used in investing activities from discontinued operations | 0 | −189 | −13 | |
| Cash (used in) provided by discontinued operations | 0 | −47 | 36 | |
| Increase (decrease) in cash, cash equivalents, and restricted cash | 251 | −7 | 36 | |
| Extinguishment of notes payable | 0 | 155 | 0 | |
| Capital contribution from parent | 34,000 | 3 | 0 | |
| Receivable from maturities of fixed-maturity securities | 0 | 0 | 50 | |
| Unrealized gain on investment in available-for-sale securities, net of tax | 0 | 0 | 3 | |
| Cash paid for income taxes | 34 | 14 | 866,000 | |
| Cash paid for interest | 0 | 3 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Exzeo Group, Inc.'s CIK number?
Exzeo Group, Inc.'s SEC CIK number is 0001873951 (1873951). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Exzeo Group, Inc.'s SEC filings?
All of Exzeo Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Exzeo Group, Inc. last report earnings?
Exzeo Group, Inc. (XZO) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-209055). This is Exzeo Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Exzeo Group, Inc.'s most recent earnings 8-K?
Exzeo Group, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001193125-26-209055. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Exzeo Group, Inc.'s latest earnings 8-K →
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