Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Exzeo Group, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
88.3
134
217
Cost of revenue
71.1
80.7
86
Gross profit
17.3
53.2
131
Research and development
6.53
6.51
8.83
Selling, general and administrative
7.9
8.34
15.7
Operating expenses
14.7
15.2
25
Operating income
2.55
38
106
Pre-tax income
0.88
35.2
110
Income tax
-12
9.17
27.5
Net income
21.5
45.3
82.7
EBITDA
4.45
40.2
108
EPS, basic
0.15
0.44
0.99
EPS, diluted
0.15
0.44
0.99
Shares, basic (weighted)
76.1
77.5
80.2
Shares, diluted (weighted)
76.1
77.5
80.2
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
15.1
54.5
305
Receivables
0
2.91
Other current assets
0.04
0.04
Total current assets
67.2
326
Property, plant and equipment
10.8
10.7
Lease right-of-use assets
8.05
6.88
Long-term investments
0
Other non-current assets
0.27
Total assets
89.4
348
Accounts payable
2.13
2.95
Accrued liabilities
1.37
1.64
Deferred revenue
47.2
70.9
Total current liabilities
56.4
84.4
Lease liabilities
6.22
4.83
Other non-current liabilities
0.79
Total liabilities
73.9
93.6
Paid-in capital
72.8
229
Retained earnings
-57.3
25.4
Other comprehensive income
0
0
Shareholders' equity
15.5
254
Total equity
-25.3
15.5
254
Total liabilities and equity
89.4
348
Shares outstanding
82.8
90.9
Cash flow statement
FY2023
FY2025
FY2025
Net income
21.5
45.3
82.7
Depreciation and amortization
1.9
2.23
2.41
Stock-based compensation
2.93
3.38
2.64
Deferred income tax
-5.73
1.53
-5.1
Change in receivables
0
0
-2.91
Change in payables
0.61
0.44
0.43
Cash from operations
10.2
49.3
100
Capital expenditures
-3.25
-3.33
-2.84
Cash from investing
-3.25
-3.33
-2.84
Debt repaid
-0.01
-2.99
0
Share buybacks
-0.35
-0.48
-1.49
Cash from financing
-7.12
-6.4
154
Exchange rate effect
-0.04
-0.09
-0.23
Net change in cash
35.6
-7.09
251
Free cash flow
6.91
45.9
97.5
Interest paid
1.68
3.47
0
Income taxes paid
-10.5
13.9
32.3
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $15.21 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
62.3%
Gross profit / revenue.
Operating margin
48.5%
Operating income / revenue.
EBITDA margin
49.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
52.4%
Pre-tax income / revenue.
Net margin
39.1%
Net income / revenue.
Effective tax rate
25.3%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
30.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
22.5%
Net income / average total assets.
Return on invested capital (ROIC)
53.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
4.1%
Research and development expense / revenue.
SG&A / revenue
9.5%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
0.9%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
1.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
62.0%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
146.2%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
178.8%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
169.4%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
82.6%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
125.0%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
103.6%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
112.2%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
1,539.0%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
288.8%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
3.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.85x
Current assets / current liabilities.
Quick ratio
1.51x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.49x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$2.51
Revenue / diluted weighted shares.
Book value per share
$3.19
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
15.8x
Market cap / net income. Only when net income is positive.
P/S
6.18x
Market cap / revenue.
P/B
4.75x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
4.75x
Market cap / tangible book value, when positive.
EV/Sales
5.56x
Enterprise value / revenue.
EV/EBIT
11.5x
Enterprise value / operating income, when both are positive.
EV/EBITDA
11.2x
Enterprise value / EBITDA, when both are positive.
Earnings yield
6.3%
Net income / market cap (the inverse of P/E).
What was Exzeo Group, Inc.'s revenue in fiscal 2025?
Exzeo Group, Inc. reported revenue of $217.0M for fiscal 2025, 62% higher than the year before.
Was Exzeo Group, Inc. profitable in fiscal 2025?
Yes. Net income was $82.7M, a net margin of 38.1%.
How much free cash flow did Exzeo Group, Inc. generate in fiscal 2025?
Cash from operations of $100.3M minus capital expenditures of $2.8M left free cash flow of $97.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.