NYSE : XZO
Exzeo Group, Inc. — Financial statements
Technology · Software - Application · United States
Last price 17.88 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.61B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 50.83M | |||||
| Total Interest & Dividend Income | 8.62M | 4.30M | 548.00K | 52.00K | 30.00K | 814.00K |
| Gain (Loss) on Sale of Investments | -17.00K | |||||
| Other Revenue | 221.80M | 216.98M | 133.95M | 88.33M | 45.63M | 97.00K |
| Total Revenue | 230.42M | 221.28M | 134.50M | 88.39M | 45.66M | 51.73M |
| Policy Benefits | 34.06M | |||||
| Policy Acquisition & Underwriting Costs | 15.58M | |||||
| Depreciation & Amortization | 561.00K | 479.00K | 335.00K | 292.00K | 175.00K | |
| Selling, General & Administrative | 113.64M | 110.51M | 95.60M | 85.49M | 83.21M | 536.00K |
| Other Operating Expenses | 7.23M | |||||
| Total Operating Expenses | 114.20M | 110.99M | 95.93M | 85.78M | 83.38M | 68.19M |
| Operating Income | 116.22M | 110.29M | 38.56M | 2.61M | -37.72M | -16.46M |
| Interest Expense | -3.33M | -1.72M | -882.00K | -2.00K | ||
| Pretax Income | 116.22M | 110.29M | 35.24M | 883.00K | -38.60M | -16.46M |
| Income Tax Expense | 29.41M | 27.54M | 9.17M | -12.02M | 3.41M | -4.04M |
| Earnings From Continuing Ops. | 86.81M | 82.75M | 26.07M | 12.90M | -42.01M | -12.42M |
| Earnings From Discontinued Ops. | 19.25M | 8.56M | -17.30M | |||
| Net Income | 86.81M | 82.75M | 45.32M | 21.46M | -59.32M | -12.42M |
| Preferred Dividends & Other Adjustments | 3.06M | 3.75M | 10.70M | 9.57M | 4.48M | |
| Net Income to Common | 83.75M | 79.00M | 34.62M | 11.89M | -63.80M | -12.42M |
| Shares Outstanding (Basic) | 84.95M | 80.17M | 77.49M | 76.10M | 75.68M | 75.00M |
| Shares Outstanding (Diluted) | 84.95M | 80.17M | 77.49M | 76.10M | 75.68M | 75.00M |
| EPS (Basic) | 0.99 | 0.99 | 0.45 | 0.16 | -0.84 | -0.17 |
| EPS (Diluted) | 0.98 | 0.99 | 0.45 | 0.16 | -0.84 | -0.17 |
| Free Cash Flow | 81.53M | 97.45M | 188.58M | 56.12M | -20.22M | 28.90M |
| Free Cash Flow Per Share | 0.96 | 1.22 | 2.43 | 0.74 | -0.27 | 0.39 |
| Operating Margin | 50.44% | 49.84% | 28.67% | 2.95% | -82.62% | -31.82% |
| Profit Margin | 36.35% | 35.70% | 25.74% | 13.45% | -139.72% | -24.02% |
| Free Cash Flow Margin | 35.38% | 44.04% | 140.21% | 63.50% | -44.28% | 55.86% |
| EBITDA | 119.18M | 113.23M | 40.93M | 4.81M | -36.03M | -15.36M |
| EBITDA Margin | 51.72% | 51.17% | 30.43% | 5.44% | -78.92% | -29.69% |
| D&A For EBITDA | 2.96M | 2.93M | 2.36M | 2.20M | 1.69M | 1.10M |
| EBIT | 116.22M | 110.29M | 38.56M | 2.61M | -37.72M | -16.46M |
| EBIT Margin | 50.44% | 49.84% | 28.67% | 2.95% | -82.62% | -31.82% |
| Effective Tax Rate | 25.30% | 24.97% | 26.02% | |||
| Revenue as Reported | 51.73M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 197.07M | 16.52M | ||||
| Investments in Equity & Preferred Securities | 4.45M | |||||
| Total Investments | 197.07M | 20.97M | ||||
| Cash & Equivalents | 136.73M | 305.37M | 54.50M | 15.05M | 99.72M | |
| Reinsurance Recoverable | 2.17M | |||||
| Other Receivables | 22.16M | 14.20M | 5.68M | 9.13M | 7.84M | |
| Deferred Policy Acquisition Cost | 10.28M | |||||
| Property, Plant & Equipment | 15.99M | 17.55M | 18.80M | 17.36M | 6.37M | |
| Restricted Cash | 2.00M | |||||
| Other Current Assets | 10.81M | 6.25M | 7.05M | 246.81M | 7.82M | |
| Long-Term Deferred Tax Assets | 2.40M | 2.98M | ||||
| Long-Term Deferred Charges | 272.00K | 1.12M | 3.13M | 3.22M | ||
| Other Long-Term Assets | 341.00K | 274.00K | 275.00K | 333.43M | 413.00K | |
| Total Assets | 385.78M | 347.73M | 89.44M | 625.01M | 157.58M | |
| Accounts Payable | 2.57M | 2.13M | 1.54M | |||
| Accrued Expenses | 14.13M | 5.39M | 5.30M | 4.90M | 4.27M | |
| Insurance & Annuity Liabilities | 19.35M | |||||
| Unearned Premiums | 67.08M | |||||
| Current Portion of Leases | 2.48M | 2.41M | 2.13M | 1.74M | 331.00K | |
| Short-Term Debt | 22.00M | |||||
| Current Income Taxes Payable | 411.00K | 2.46M | 143.00K | |||
| Long-Term Debt | 58.15M | |||||
| Long-Term Leases | 4.14M | 4.83M | 6.22M | 6.05M | 21.00K | |
| Long-Term Deferred Tax Liabilities | 2.12M | 596.00K | 1.25M | |||
| Other Current Liabilities | 177.00K | 666.00K | -402.00K | 295.89M | ||
| Other Long-Term Liabilities | 908.00K | 790.00K | 852.00K | 145.20M | 36.59M | |
| Total Liabilities | 97.61M | 93.58M | 73.93M | 554.14M | 151.03M | |
| Preferred Stock, Convertible | 96.16M | |||||
| Common Stock | 90.00K | 91.00K | 83.00K | 80.00K | 75.00K | |
| Additional Paid-In Capital | 220.00M | 228.65M | 72.75M | 68.93M | 11.00M | |
| Retained Earnings | 69.09M | 25.42M | -57.33M | -92.50M | -4.91M | |
| Comprehensive Income & Other | -1.01M | -1.80M | 384.00K | |||
| Total Common Equity | 288.17M | 254.16M | 15.51M | -25.30M | 6.55M | |
| Shareholders' Equity | 288.17M | 254.16M | 15.51M | 70.86M | 6.55M | |
| Total Liabilities & Equity | 385.78M | 347.73M | 89.44M | 625.01M | 157.58M | |
| Filing Date Shares Outstanding | 90.09M | 90.91M | 82.70M | 76.10M | 75.68M | 75.00M |
| Total Common Shares Outstanding | 90.20M | 90.93M | 82.70M | 76.10M | 75.68M | 75.00M |
| Total Debt | 6.62M | 7.25M | 8.35M | 65.93M | 22.35M | |
| Net Cash (Debt) | 130.11M | 298.13M | 46.15M | -50.87M | 77.37M | |
| Net Cash Per Share | 1.53 | 3.72 | 0.60 | -0.67 | 1.03 | |
| Book Value Per Share | 3.19 | 2.80 | 0.19 | -0.33 | 0.09 | |
| Tangible Book Value | 288.17M | 254.16M | 15.51M | -25.30M | 6.55M | |
| Tangible Book Value Per Share | 3.19 | 2.80 | 0.19 | -0.33 | 0.09 | |
| Machinery | 3.38M | 2.22M | 1.65M | 8.42M | ||
| Construction In Progress | 711.00K | 1.07M | 1.01M | |||
| Leasehold Improvements | 587.00K | 542.00K | 434.00K | 343.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Net Income | 86.81M | 82.75M | 45.32M | 21.46M | -59.32M | -12.42M |
| Depreciation & Amortization | 2.96M | 2.93M | 2.36M | 2.20M | 1.69M | 1.10M |
| Gain (Loss) on Sale of Investments | -31.00K | 65.00K | ||||
| Stock-Based Compensation | 2.71M | 2.64M | 3.38M | 2.93M | 3.51M | 1.77M |
| Change in Accounts Receivable | -1.78M | -2.91M | -2.36M | |||
| Reinsurance Recoverable | 32.00K | |||||
| Change in Accounts Payable | 552.00K | 434.00K | 442.00K | 607.00K | -649.00K | |
| Change in Unearned Revenue | -6.84M | 18.88M | 15.50M | 4.65M | 22.63M | 28.57M |
| Change in Income Taxes | 314.00K | 5.55M | 4.22M | -2.49M | -1.89M | 889.00K |
| Change in Insurance Reserves / Liabilities | 14.58M | |||||
| Change in Other Net Operating Assets | -2.00M | -5.06M | -4.36M | -4.96M | -2.19M | 1.32M |
| Other Operating Activities | 974.00K | -4.92M | -17.60M | -14.24M | 22.22M | -84.00K |
| Operating Cash Flow | 83.66M | 100.30M | 191.91M | 59.37M | -16.76M | 30.38M |
| Capital Expenditures | -2.13M | -2.84M | -3.33M | -3.25M | -3.45M | -1.49M |
| Investment in Securities | -198.40M | -1.02M | ||||
| Other Investing Activities | -189.19M | -13.35M | -238.37M | |||
| Investing Cash Flow | -200.52M | -2.84M | -192.52M | -16.60M | -241.82M | -2.51M |
| Short-Term Debt Issued | 22.00M | |||||
| Long-Term Debt Issued | 100.00M | 17.99M | ||||
| Total Debt Issued | 100.00M | 17.99M | 22.00M | |||
| Total Debt Repaid | -2.99M | -9.00K | -14.00K | -14.00K | ||
| Net Debt Issued (Repaid) | 97.01M | -9.00K | 17.98M | 21.99M | ||
| Issuance of Common Stock | 156.21M | 156.21M | 10.00K | |||
| Repurchases of Common Stock | -11.53M | -1.49M | -481.00K | -352.00K | -406.00K | |
| Repurchases of Preferred Stock | -100.00M | |||||
| Preferred Dividends Paid | -2.92M | -6.76M | -5.51M | |||
| Total Dividends Paid | -2.92M | -6.76M | -5.51M | |||
| Other Financing Activities | -1.44M | -1.07M | 17.99M | -9.00K | ||
| Financing Cash Flow | 143.23M | 153.65M | -6.40M | -7.12M | 30.06M | 21.99M |
| Foreign Exchange Rate Adjustments | -365.00K | -230.00K | -87.00K | -42.00K | -98.00K | 2.00K |
| Net Cash Flow | 26.00M | 250.87M | -7.09M | 35.61M | -228.62M | 49.86M |
| Free Cash Flow | 81.53M | 97.45M | 188.58M | 56.12M | -20.22M | 28.90M |
| Free Cash Flow Margin | 35.38% | 44.04% | 140.21% | 63.50% | -44.28% | 55.86% |
| Free Cash Flow Per Share | 0.96 | 1.22 | 2.43 | 0.74 | -0.27 | 0.39 |
| Levered Free Cash Flow | 68.55M | 91.67M | -11.18M | 10.37M | ||
| Unlevered Free Cash Flow | 68.55M | 91.67M | -9.09M | 10.37M | ||
| Cash Interest Paid | 3.47M | 1.68M | 797.00K | 2.00K | ||
| Cash Income Tax Paid | 34.22M | 34.22M | 14.26M | 866.00K | 781.00K | 152.00K |
| Change in Working Capital | -9.76M | 16.90M | 15.80M | -2.19M | 17.90M | 39.95M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.61B | 2.20B | ||||
| Enterprise Value | 1.48B | 2.07B | ||||
| PE Ratio | 18.17 | 27.86 | ||||
| PS Ratio | 6.99 | 9.95 | ||||
| PB Ratio | 5.60 | 8.66 | ||||
| P/FCF Ratio | 19.76 | 22.59 | ||||
| P/OCF Ratio | 19.25 | 21.95 | ||||
| EV/Sales Ratio | 6.43 | 9.35 | ||||
| EV/EBITDA Ratio | 12.42 | 18.26 | ||||
| EV/EBIT Ratio | 12.74 | 18.75 | ||||
| EV/FCF Ratio | 18.16 | 21.22 | ||||
| Debt / Equity Ratio | 0.02 | 0.03 | 0.54 | 0.93 | 3.41 | |
| Debt / EBITDA Ratio | 0.05 | 0.06 | 0.20 | 10.81 | ||
| Debt / FCF Ratio | 0.08 | 0.07 | 0.04 | 1.18 | 0.77 | |
| Net Debt / Equity Ratio | -0.45 | -1.17 | -2.98 | 0.72 | -11.81 | |
| Net Debt / EBITDA Ratio | -1.09 | -2.63 | -1.13 | 10.58 | 5.04 | |
| Net Debt / FCF Ratio | -1.60 | -3.06 | -0.24 | 0.91 | -2.68 | |
| Quick Ratio | 1.73 | 3.79 | 1.07 | 0.07 | 1.15 | |
| Current Ratio | 1.85 | 3.86 | 1.19 | 0.81 | 1.27 | |
| Asset Turnover | 0.84 | 1.01 | 0.38 | 0.41 | ||
| Return on Equity (ROE) | 50.37% | 61.37% | 60.36% | -105.67% | ||
| Return on Assets (ROA) | 26.58% | 31.54% | 6.75% | -8.17% | ||
| Return on Invested Capital (ROIC) | 30.11% | 58.02% | 35.52% | 1.91% | -70.56% | |
| Earnings Yield | 5.50% | 3.76% | ||||
| FCF Yield | 5.06% | 4.43% | ||||
| Payout Ratio | 6.45% | 31.51% | ||||
| Buyback Yield / Dilution | -7.92% | -3.45% | -1.83% | -0.56% | -0.91% |