Exzeo Group, Inc. income statement
In fiscal 2025, Exzeo Group, Inc. reported revenue of $217m, up 62.0% on the year before, operating income of $106m (a 48.8% margin) and net income of $82.7m, or $0.99 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 88 | 134 | 217 | 222 |
| Cost of revenue | 71 | 81 | 86 | 84 |
| Gross profit | 17 | 53 | 131 | 138 |
| Research and development | 7 | 7 | 9 | 9 |
| Selling, general and administrative | 8 | 8 | 16 | 21 |
| Operating income | 3 | 38 | 106 | 108 |
| Income before tax | 1 | 35 | 110 | 116 |
| Income tax | −12 | 9 | 28 | 29 |
| Net income | 21 | 45 | 83 | 87 |
| Diluted EPS | $0.15 | $0.44 | $0.99 | — |
| Diluted shares (average) | 76m | 77m | 80m | — |
| EBITDA | 4 | 40 | 108 | 110 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 45 | 52 | 56 | 55 | 53 | 56 | 58 |
| Cost of revenue | 18 | 26 | 24 | 23 | 21 | 18 | 23 | 21 |
| Gross profit | 11 | 19 | 29 | 34 | 34 | 35 | 33 | 37 |
| Research and development | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Selling, general and administrative | 3 | 2 | 3 | 3 | 4 | 6 | 5 | 6 |
| Operating income | 7 | 16 | 24 | 28 | 27 | 27 | 25 | 28 |
| Income before tax | 7 | 16 | 24 | 29 | 28 | 29 | 28 | 31 |
| Income tax | 2 | 4 | 6 | 7 | 7 | 7 | 7 | 8 |
| Net income | 5 | 12 | 18 | 22 | 21 | 22 | 20 | 23 |
| Diluted EPS | $0.06 | $0.15 | $0.22 | $0.26 | $0.25 | $0.26 | $0.22 | $0.26 |
| EBITDA | 7 | 16 | 24 | 29 | 28 | 27 | 26 | 29 |
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