Exzeo Group, Inc.
For the period ended Sep 30, 2025. Filed Dec 11, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Dec 11, 2025
XZO$16.32-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (amounts in thousands) | 2025 | 2024 |
| Cash flows from operating activities: | ||
| Net income | $60,765 | $33,621 |
| Net income from discontinued operations | — | (19,253) |
| Net income from continuing operations | 60,765 | 14,368 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Stock-based compensation | 2,160 | 2,828 |
| Depreciation and amortization | 2,340 | 1,926 |
| Deferred income taxes | (2,134) | (419) |
| Foreign currency remeasurement losses | 141 | 68 |
| Changes in operating assets and liabilities: | ||
| Net receivable from related parties | (9,871) | (817) |
| Prepaid expenses | (515) | (65) |
| Contract cost assets | 2,852 | (838) |
| Income taxes | 4,531 | 1,853 |
| Contract liabilities | 21,549 | 5,890 |
| Commissions payable | (366) | (394) |
| Accounts payable and accrued liabilities | 9,512 | 4,981 |
| Other liabilities | (125) | 254 |
| Other assets | (1,868) | (360) |
| Operating leases, net | 46 | 73 |
| Net cash provided by operating activities | 89,017 | 29,348 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (2,441) | (2,686) |
| Net cash used in investing activities | (2,441) | (2,686) |
| Cash flows from financing activities: | ||
| Redemption of redeemable preferred stock | — | (100,000) |
| Proceeds from issuance of notes payable - related party | — | 100,000 |
| Repurchase of common stock | — | (481) |
| Cash dividends paid to redeemable preferred stock | — | (2,923) |
| Net cash used in financing activities | — | (3,404) |
| Effect of exchange rate changes on cash | (159) | (11) |
| Net cash provided by continuing operations | 86,417 | 23,247 |
| Cash flows from discontinued operations: | ||
| Net cash provided by operating activities from discontinued operations | — | 142,645 |
| Net cash used in investing activities from discontinued operations | — | (189,186) |
| Net cash used in discontinued operations | — | (46,541) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 86,417 | (23,294) |
| Cash, cash equivalents, and restricted cash at beginning of period - continuing operations | 54,502 | 15,055 |
| Cash, cash equivalents, and restricted cash at beginning of period - discontinued operations | — | 46,541 |
| Cash, cash equivalents, and restricted cash at beginning of period | — | 61,596 |
| Cash, cash equivalents, and restricted cash at end of period - continuing operations | 140,919 | 38,302 |
| Cash, cash equivalents, and restricted cash at end of period - discontinued operations | — | — |
| Cash, cash equivalents, and restricted cash at end of period | $140,919 | $38,302 |
| Non-cash investing and financing activities: | ||
| Extinguishment of notes payable | $— | $155,000 |
| Capital contribution from parent | $30 | $2,502 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.