Exzeo Group, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
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Item 1. Consolidated Statements of Income
Consolidated State ments of Income
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except per share amounts) | 2026 | 2025 |
| Revenue (1) | $55,534 | $52,407 |
| Cost of revenue (2) | 22,791 | 23,582 |
| Gross profit | 32,743 | 28,825 |
| Operating expenses: | ||
| Selling, general and administrative | 5,216 | 2,706 |
| Research and development | 2,306 | 2,221 |
| Depreciation and amortization | 146 | 101 |
| Total operating expenses | 7,668 | 5,028 |
| Operating income | 25,075 | 23,797 |
| Investment income | 2,512 | 398 |
| Income before income taxes | $27,587 | $24,195 |
| Income tax expense | 7,181 | 6,244 |
| Net income | $20,406 | $17,951 |
| Basic and diluted earnings per share | $0.22 | $0.22 |
(1)
Amounts include revenues earned from related parties of $53,323 and $52,407 for the three months ended March 31, 2026 and 2025, respectively. Refer to Note 5. Revenue and Note 8. Related Party Transactions for additional details.
(2)
Amounts include costs incurred pursuant to related party transactions of $3,579 and $3,798 for the three months ended March 31, 2026 and 2025, respectively. Refer to Note 8. Related Party Transactions for additional details.
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