Exzeo Group (XZO) Q4 FY2025 earnings: revenue $53 million

Exzeo Group, Inc. (XZO) reported revenue of $53 million for Q4 FY2025, the quarter ended 31 December 2025. Net income was $22 million, and diluted earnings per share $0.25. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2026.

Revenue$53 million

Net income$22 million

Diluted EPS$0.25

QuarterQ4 FY2025ended 31 December 2025

The quarter, against the one before and a year earlier

Line	Q4 FY2025	Q3 FY2025	A year earlier	Change on the year
Revenue	53.3	55.2	n/a	n/a
Cost of revenue	18.4	21.4	n/a	n/a
Gross profit	34.9	33.8	n/a	n/a
Gross margin	65.4%	61.2%	n/a
Research and development	1.8	2.5	n/a	n/a
Selling, general and administrative	6.2	3.9	n/a	n/a
Operating income	26.8	27.3	n/a	n/a
Operating margin	50.3%	49.4%	n/a
Pre-tax income	28.9	28.4	n/a	n/a
Income tax	6.9	7.2	n/a	n/a
Effective tax rate	23.8%	25.4%	n/a
Net income	22.0	21.2	n/a	n/a
Net margin	41.2%	38.3%	n/a
Diluted EPS	$0.25	$0.25	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2025	Q3 FY2025	A year earlier	Change on the year
Capital expenditure	0.4	1.2	n/a	n/a
Cash from financing	154	0.0	n/a	n/a
Depreciation and amortisation	0.6	0.6	n/a	n/a
Share-based compensation	0.5	0.0	n/a	n/a
Buybacks	n/a	0.0	n/a	n/a
Diluted shares, weighted	80m	79m	n/a	n/a
Shares outstanding at period end	91m	83m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2025	Q3 FY2025	A year earlier	Change on the year
Shareholders' equity	254	78.4	n/a	n/a
Debt	0.0	0.0	n/a	n/a
Operating lease liabilities	4.8	5.2	n/a	n/a
Other liabilities	88.7	98.7	n/a	n/a
Total liabilities and equity	348	182	n/a	n/a
Fixed assets	10.7	10.9	n/a	n/a
Investments	0.0	n/a	n/a	n/a
Cash and equivalents	305	141	n/a	n/a
Receivables	2.9	n/a	n/a	n/a
Other assets	28.8	30.5	n/a	n/a
Total assets	348	182	n/a	n/a

Questions

What was Exzeo Group's revenue in Q4 FY2025?

Exzeo Group (XZO) reported revenue of $53 million for Q4 FY2025, the quarter ended 31 December 2025.

How much did Exzeo Group earn in Q4 FY2025?

Net income for Q4 FY2025 was $22 million, and diluted earnings per share $0.25.

When did Exzeo Group report Q4 FY2025 results?

Exzeo Group filed its 10-K for the year that ended with the quarter on 26 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 7 quarters

	Q3 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	29.1	52.4	56.1	55.2	53.3	55.5	57.8
Cost of revenue	18.0	23.6	22.5	21.4	18.4	22.8	20.9
Gross profit	11.1	28.8	33.6	33.8	34.9	32.7	36.8
Gross margin	38%	55%	60%	61%	65%	59%	64%
R&D	1.7	2.2	2.4	2.5	1.8	2.3	2.4
SG&A	2.6	2.7	3.0	3.9	6.2	5.2	5.8
Operating income	6.7	23.8	28.1	27.3	26.8	25.1	28.5
Operating margin	23%	45%	50%	49%	50%	45%	49%
Pre-tax income	6.9	24.2	28.9	28.4	28.9	27.6	31.4
Tax rate	24%	26%	25%	25%	24%	26%	26%
Net income	5.3	18.0	21.7	21.2	22.0	20.4	23.3
Net margin	18%	34%	39%	38%	41%	37%	40%
Diluted EPS	$0.06	$0.22	$0.26	$0.25	$0.25	$0.22	$0.26
Operating cash flow	n/a	19.8	37.8	n/a	n/a	25.5	15.4
Capital expenditure	n/a	0.8	0.5	1.2	0.4	0.3	0.2
Free cash flow	n/a	19.0	37.3	n/a	n/a	25.1	15.2
Buybacks	n/a	n/a	n/a	0.0	n/a	n/a	n/a
Shares outstanding	91m	91m	90m	83m	91m	91m	90m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 26 February 2026: the filing.