Exzeo Group, Inc.
For the period ended Jun 30, 2026. Filed Aug 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.
Jun 30, 2026 · Filed Aug 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Statements of Income
Consolidated State ments of Income
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| (in thousands, except per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Revenue (1) | $57,787 | $56,091 | $113,321 | $108,498 |
| Cost of revenue (2) | 20,949 | 22,540 | 43,740 | 46,122 |
| Gross profit | 36,838 | 33,551 | 69,581 | 62,376 |
| Operating expenses: | ||||
| Selling, general and administrative | 5,788 | 2,960 | 11,004 | 5,666 |
| Research and development | 2,440 | 2,354 | 4,746 | 4,575 |
| Depreciation and amortization | 147 | 110 | 293 | 211 |
| Total operating expenses | 8,375 | 5,424 | 16,043 | 10,452 |
| Operating income | 28,463 | 28,127 | 53,538 | 51,924 |
| Investment income | 2,963 | 763 | 5,475 | 1,161 |
| Income before income taxes | 31,426 | 28,890 | 59,013 | 53,085 |
| Income tax expense | 8,157 | 7,227 | 15,338 | 13,471 |
| Net income | $23,269 | $21,663 | $43,675 | $39,614 |
| Basic and diluted earnings per share | $0.26 | $0.26 | $0.48 | $0.48 |
(1)
Amounts include revenues earned from related parties of $54,217 and$107,539 for the three and six months ended June 30, 2026, respectively, and $54,341 and $106,748 for the three and six months ended June 30, 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$3,288 and$6,844 for the three and six months ended June 30, 2026, respectively, and $5,465 and $9,264 for the three and six months ended June 30, 2025, respectively. Refer to Note 8. Related Party Transactions for additional details.
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