Quarterly ResultMay 6, 2026, 04:26 PM
Exzeo Q1 Revenue $55.5M, Net Income $20.4M; Managed Premium $1.43B
AI Summary
Exzeo Group announced strong financial results for the first quarter ended March 31, 2026, with revenue increasing to $55.5 million and net income rising to $20.4 million. The company reported significant growth in Managed Premium to $1.43 billion and Annual Recurring Revenue to $216.2 million, driven by new customers and platform adoption. Exzeo also expanded its platform by adding a seventh insurance carrier partner during the quarter.
Key Highlights
- Managed Premium increased to $1.43 billion from $1.24 billion (+15.3%) year-over-year.
- Revenue grew to $55.5 million from $52.4 million (+5.9%) year-over-year.
- Net income rose to $20.4 million from $18.0 million (+13.3%) year-over-year.
- Basic and diluted earnings per share remained flat at $0.22.
- Annual Recurring Revenue (ARR) increased to $216.2 million from $198.7 million (+8.8%) year-over-year.
- Adjusted EBITDA increased to $26.5 million from $25.2 million (+5.2%) year-over-year.
- Cash provided by operating activities increased to $25.5 million from $19.8 million (+28.8%) year-over-year.
- A seventh insurance company joined the Exzeo platform in the first quarter.