This amendment is a clerical correction with no effect on reported financials. Monitor the next 10-Q for any further MD&A revisions or auditor commentary on internal controls over financial reporting.
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Executive Summary
Exzeo Group filed Amendment No. 1 to its Q1 2026 10-Q to correct tabular presentation errors in the MD&A section for Cost of Revenue, Operating Expenses, Investment Income, Income Tax, Adjusted EBITDA, Adjusted Revenue, and Adjusted EBITDA Margin due to a technical issue. No changes were made to the financial statements or notes. The underlying Q1 results show revenue of $55.5M (+6.0% YoY), net income of $20.4M (+13.7% YoY), and strong operating cash flow of $25.5M.
Key Facts
- Amendment corrects tabular presentation errors in MD&A only; financial statements unchanged
- Q1 2026 revenue $55.5M, up 6.0% YoY from $52.4M
- Q1 2026 net income $20.4M, up 13.7% YoY from $18.0M
- Operating cash flow $25.5M, up from $19.8M YoY
- Managed premium grew 14.8% to $1.43B; ARR $216.2M, up 8.8% YoY
- SG&A surged 92.8% YoY to $5.2M due to public company costs and headcount growth
- No restatement of financials; purely a disclosure correction
Financial Impact
No material financial impact; correction of tabular presentation only
Risk Factors
- Technical error in original filing may indicate weaknesses in disclosure controls
- SG&A expense growth of 92.8% YoY could pressure margins if revenue growth slows
- High customer concentration in Florida (91.7% of managed premiums) exposes to regional catastrophe risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-Q/A Filing (Primary) | 0001193125-26-226982 |
| Document: xzo-ex31_1.htm | 0001193125-26-226982 |
| Document: xzo-ex31_2.htm | 0001193125-26-226982 |
| Document: xzo-ex32_1.htm | 0001193125-26-226982 |
| Document: xzo-ex32_2.htm | 0001193125-26-226982 |
| Document: 0001193125-26-226982-index-headers.html | 0001193125-26-226982 |
| Document: 0001193125-26-226982-index.html | 0001193125-26-226982 |
| Document: 0001193125-26-226982.txt | 0001193125-26-226982 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 26, 2026 18w ago | 8-K | $13.74 $16.18 | ▲ +17.76% | ▲ +15.88% | $14.40 (+4.80%) |
May 15, 2026 20w ago | 10-Q/A | $13.71 $15.35 | ▲ +11.96% | ▲ +7.11% | $14.40 (+5.03%) |
Mar 23, 2026 27w ago | Insider Cluster | $14.98 $13.14 | ▼ −12.28% | ▼ −25.34% | $14.40 (−3.87%) |
Mar 23, 2026 27w ago | Insider Cluster | $14.98 $13.14 | ▼ −12.28% | ▼ −25.34% | $14.40 (−3.87%) |
Mar 23, 2026 27w ago | Insider Cluster | $14.98 $13.14 | ▼ −12.28% | ▼ −25.34% | $14.40 (−3.87%) |
Mar 23, 2026 27w ago | Insider Cluster | $14.98 $13.14 | ▼ −12.28% | ▼ −25.34% | $14.40 (−3.87%) |
US Market Status
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