Exzeo Group, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
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Item 1. Consolidated Statements of Income
Consolidated State ments of Income
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (in thousands, except per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Revenue (1) | $55,186 | $55,166 | $168,507 | $163,664 |
| Cost of revenue (2) | 20,940 | 21,393 | 64,680 | 67,515 |
| Gross profit | 34,246 | 33,773 | 103,827 | 96,149 |
| Operating expenses: | ||||
| Selling, general and administrative | 5,564 | 3,900 | 16,568 | 9,566 |
| Research and development | 2,383 | 2,494 | 7,129 | 7,069 |
| Depreciation and amortization | 149 | 127 | 442 | 338 |
| Total operating expenses | 8,096 | 6,521 | 24,139 | 16,973 |
| Operating income | 26,150 | 27,252 | 79,688 | 79,176 |
| Interest income | 3,340 | 1,102 | 8,815 | 2,263 |
| Other income, net | 340 | — | 340 | — |
| Income before income taxes | 29,830 | 28,354 | 88,843 | 81,439 |
| Income tax expense | 7,485 | 7,203 | 22,823 | 20,674 |
| Net income | $22,345 | $21,151 | $66,020 | $60,765 |
| Basic and diluted earnings per share | $0.25 | $0.25 | $0.73 | $0.73 |
(1)
Amounts include revenues earned from related parties of $53,209 and $160,748 for the three and nine months ended September 30, 2026, respectively, and $55,166 and $161,914 for the three and nine months ended September 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$3,550 and $10,394 for the three and nine months ended September 30, 2026, respectively, and $4,631 and $13,895 for the three and nine months ended September 30, 2025, respectively. Refer to Note 8. Related Party Transactions for additional details.
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