Value Investor
Start free

Exzeo Group

XZO on NYSE. Prepackaged software. Market value $1.4bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
5.9%fair

For every $100 of what the whole company costs, it produced $5.88 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: 82 of 100. Our list needs 70 on quality and 60 on price.

$15.39 a share, 25% above its 1-year low

Over the past year the price has ranged from $12.36 to $24.60.

Pays no dividend

Prices from Monday’s close (5 October).

Five years of cash, in billions

0.1
0.1
202512 monthsto Jun '26
Revenue
$217m
Operating margin
48.8%
Debt to equity
n/a
Shares outstanding
0.09bn

Health checks

  • Free cash flow positive1 of 1 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • DebtUnknown
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesRoughly flat

Dates

Next results (estimated)
n/a
Last annual report (10-K)
26 February 2026
Next quarterly (estimated, 10-Q)
6 November 2026

Who owns it

1 long-term investor we follow owns it, down from 2 last quarter. 86 funds in all.

Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

  • HCI Group, Inc.
    Passive investor
    82.6%
    Since 31 December 2025
  • Paresh Patel
    Passive investor
    6.9%
    Since 31 December 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 8 insiders bought $4m of shares on the open market.

  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    27 May 2026
    Shares
    2,000
    Price
    $13.67
    Value
    $27,340
  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    26 May 2026
    Shares
    2,000
    Price
    $13.26
    Value
    $26,520
  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    22 May 2026
    Shares
    2,000
    Price
    $12.92
    Value
    $25,840
  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    21 May 2026
    Shares
    2,000
    Price
    $12.82
    Value
    $25,640
  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    20 May 2026
    Shares
    2,000
    Price
    $13.33
    Value
    $26,660
  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    19 May 2026
    Shares
    2,000
    Price
    $13.69
    Value
    $27,380
  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    18 May 2026
    Shares
    2,000
    Price
    $13.93
    Value
    $27,860
  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    15 May 2026
    Shares
    2,000
    Price
    $13.68
    Value
    $27,355
  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    14 May 2026
    Shares
    2,000
    Price
    $13.75
    Value
    $27,500
  • Patel Paresh
    Chief Executive Officer, Director
    Bought
    under a preset trading plan
    Date
    13 May 2026
    Shares
    2,000
    Price
    $13.55
    Value
    $27,100

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
Create a free account to run it

Your first deep dive is free.

What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.