Exzeo Group Q4 revenue $53M, EBITDA margin tops 54%, managed premium hits $1.39B
Exzeo Group Q4 pre-tax income was $29 million with EPS of $0.25 on $53 million revenue, lifting FY pre-tax income above $110 million and adjusted EBITDA margins beyond 54%. Managed Premium rose to $1.39 billion, free cash flow was $97 million, and year-end cash was $305 million with zero debt.
1. Strong Q4 and Full-Year Results
Exzeo Group reported Q4 pre-tax income of $29 million and diluted EPS of $0.25 on revenue of $53 million. For full-year 2025, pre-tax income exceeded $110 million with diluted EPS of $0.99.
2. Margin Expansion and Profitability Drivers
Adjusted EBITDA margins surpassed 54% for both Q4 and the full year, reflecting operating leverage in the Managed Premium model. Management highlighted that incremental Managed Premium adds minimal additional expense, boosting profitability.
3. Operating Metrics Growth
Managed Premium reached $1.39 billion at year-end, up from $580 million a year ago, and annual recurring revenue rose to $215 million from $139 million. Exzeo also generated free cash flow of $97 million, representing a 117% conversion rate relative to net income.
4. Balance Sheet Strength and Outlook
Exzeo finished 2025 with $305 million in cash and cash equivalents and zero debt, while stockholders’ equity grew to $254 million. Management provided updated expectations for Q1 and full-year 2026, signaling continued growth of third-party client contributions.