Reliance Global Group reported Q3 2024 commission income of $3.44 million, up 5% year-over-year, driven by sustained organic growth. However, the company recorded a net loss of $837,314 compared to a $139,004 loss in Q3 2023, primarily due to the absence of warrant liability gains from the prior year.Operating expenses decreased 16% to $3.95 million, reflecting improved efficiencies from the company's "OneFirm" strategy implementation. General and administrative expenses fell 23% while marketing costs declined 15%. The company maintained positive adjusted EBITDA of $42,508 in Q3 2024, compared to negative $200,602 in Q3 2023.As of September 30, 2024, Reliance Global had cash and restricted cash of $2.35 million and working capital of $431,000. The company continues to pursue growth through acquisitions, having entered into an agreement to acquire Spetner Associates, a benefits enrollment company serving over 75,000 employees nationwide. The company also raised $2.82 million through an ATM offering during the first nine months of 2024.

Reliance Global Group reported Q3 2024 commission income of $3.44 million, up 5% year-over-year, driven by sustained organic growth. However, the company recorded a net loss of $837,314 compared to a $139,004 loss in Q3 2023, primarily due to the absence of warrant liability gains from the prior year.Operating expenses decreased 16% to $3.95 million, reflecting improved efficiencies from the company's "OneFirm" strategy implementation. General and administrative expenses fell 23% while marketing costs declined 15%. The company maintained positive adjusted EBITDA of $42,508 in Q3 2024, compared to negative $200,602 in Q3 2023.As of September 30, 2024, Reliance Global had cash and restricted cash of $2.35 million and working capital of $431,000. The company continues to pursue growth through acquisitions, having entered into an agreement to acquire Spetner Associates, a benefits enrollment company serving over 75,000 employees nationwide. The company also raised $2.82 million through an ATM offering during the first nine months of 2024.