BRC Group Holdings, Inc.
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a RILY research report →
Price Chart
About the company
B. Riley Financial, Inc. , headquartered in Los Angeles, California, is a diversified financial services company established in 1973.
- CEO
- Bryant Richard Riley
- IPO
- 2007
- Employees
- 1,380
- HQ
- Los Angeles, CA, US
Get TickerSpark's AI analysis on RILY
Create an account to generate AI analysis on any ticker — technical setup, analyst consensus, earnings watch, insider pulse, financial health, and peer context. Ready in about a minute.
Get Pro Access →Already have an account? Log in
Similar companies
Peers in the same neighborhood.
- Market Cap
- $278.55M
- P/E
- 0.52
- PEG
- 0.00
- P/S
- 0.21
- P/B
- 1.49
- EV/EBITDA
- 2.62
- Div Yield
- 0.00%
- Gross Margin
- 74.92%
- Op Margin
- 38.24%
- Net Margin
- 31.34%
- ROE
- -775.03%
- ROIC
- 63.99%
Latest fiscal year · YoY change
- Revenue
- $1.03B-11.5%
- Gross Profit
- $669.84M-6.5%
- Op Income
- $150.69M
- Net Income
- $307.42M+140.2%
- EPS
- $9.80+138.5%
- OCF Growth
- -122.7%
- FCF Growth
- -127.8%
- 52W High
- $11.24
- 52W Low
- $3.64
- 50D MA
- $7.59
- 200D MA
- $7.14
- Beta
- 1.22
- RSI (14)
- 42
- Avg Volume
- 832.02K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
B. Riley reported a strong first quarter driven by large investment gains, much lower debt, and renewed operating momentum across capital markets and other businesses.· May 7, 2026
- Net income available to common shareholders was $211.3 million and adjusted EBITDA was $262.2 million, helped mainly by gains tied to Babcock & Wilcox.
- Net debt fell to $372 million, down about $255 million from year-end, after redeeming senior notes and repurchasing debt.
- B. Riley Securities said it had its most active quarter for capital raising in 5 years, with nearly $10 billion in total debt and equity raises for clients.
- Management said client activity and onboarding have improved as delinquency-related business returns, and they expect momentum to continue.
- The company is also pursuing a merger of B. Riley Securities with B. Riley Wealth to simplify the structure and create synergies across banking, distribution, and research.
First-quarter 2026 total revenues were $352 million, up from $186 million a year ago. Net income attributable to common shareholders was $211 million ($6.57 diluted EPS) versus a net loss of $12 million ($0.39 loss per share) in Q1 2025. Adjusted EBITDA was $262 million versus a loss of $45 million last year; operating adjusted EBITDA was $34.6 million, up close to 40% sequentially. Total operating expenses were $199 million versus $247.5 million a year ago. The revenue increase was driven mainly by $161 million of higher trading gains on investments, including $130 million from first-quarter 2026 appreciation in Babcock & Wilcox. Interest expense was $20 million, down $10 million year over year. Capital Markets revenue was $172 million versus $2 million, Wealth revenue was $52 million versus $47 million, the Communications Business Group had revenues of $60 million versus $64.5 million, and Targus revenue was $44 million versus $42 million. At March 31, 2026, cash, cash equivalents and restricted cash were $178 million, total debt was $1.3 billion, and net debt was $372 million. Management did not provide formal quarterly or full-year guidance, but said debt reduction should continue and that they expect operating momentum and client activity to continue through the year.
Bryant Riley said the company is more confident because it has strengthened the balance sheet and aligned the core operating platform, which he called the foundation for capturing current market opportunity. He emphasized optionality in capital allocation, saying the company is actively weighing reinvestment, bond buybacks, bond exchanges, and asset sales based on what best serves shareholders and bondholders. His tone was upbeat and strategic, with repeated references to “momentum,” “bluer skies,” and a long-term commitment to the small- and mid-cap market.
Scott Yessner focused on the improvement in reported financials and the underlying drivers. He cited $352 million of revenue, $211 million of net income attributable to common shareholders, $262 million of adjusted EBITDA, and a $48 million year-over-year reduction in operating expenses to $199 million, helped by lower costs from exited businesses and communications subscriber declines. He also highlighted balance sheet progress: $129 million of debt reduction in the quarter, total debt of $1.3 billion, net debt of $372 million, and $178 million of cash, while noting two senior note maturities remaining in 2026 and saying the company will keep using cash flow and investment liquidations to fund market opportunities and debt paydowns.
Analysts pressed management on how it plans to use gains from investments, especially whether they should be harvested to pay down debt; Bryant Riley said there is no fixed playbook, but capital decisions are being made daily with the entire portfolio in mind. Questions also focused on the planned B. Riley Securities/B. Riley Wealth combination, and management said the rationale is improved cost of capital, operating efficiency, and client connectivity, with synergies still early and not yet quantified. Analysts asked why strong deal activity is not fully showing in reported results; management said lower economics on a smaller share of deals and lost business tied to delinquent-filer status have dampened contribution, but onboarding has been strong and recovery has been dramatic over the last quarter.
The call showed meaningful balance sheet repair, with debt down sharply and management saying the company now has more flexibility to allocate capital. Core businesses are seeing better momentum: capital raising activity is strong, research coverage is expanding, and prior client losses from delinquency issues appear to be reversing. Management also sounded more confident that the structure simplification and improved operating cadence can unlock additional efficiency and revenue capture.
A large part of quarterly earnings still came from investment marks, especially Babcock & Wilcox, so results may be less repeatable than the headline numbers suggest. The company still has $1.3 billion of total debt and two senior note maturities later in 2026, plus lingering elevated audit and accounting costs. Management also acknowledged that deal economics were pressured when the firm was under scrutiny, and the expected merger synergies are still early and not yet quantified.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 54.1%
- Shares Outstanding
- 40.19M
- Float Shares
- 21.75M
of shares held by institutions
90 13F filers
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Equitec Proprietary Markets, LLC | 3.40M | ▲ 3.40M |
| Blackrock, Inc. | 1.73M | ▲ 1.33M |
| Vanguard Capital Management LLC | 1.10M | ▲ 299.80K |
| Vanguard Group Inc | 921.11K | ▲ 69.27K |
| Sixth Street Partners Management Company, L.P. | 830.97K | ▲ 830.97K |
| Charles Schwab Investment Management Inc | 830.97K | ▼ 203.38K |
| First Eagle Investment Management, LLC | 680.96K | ▲ 680.96K |
| Geode Capital Management, LLC | 622.77K | ▲ 413.61K |
| Marshall Wace, Llp | 449.68K | ▲ 449.68K |
| Citadel Advisors LLC | 402.44K | ▲ 370.78K |
| Federated Hermes, Inc. | 331.80K | ▲ 2.35K |
| State Street Corp | 293.52K | ▲ 210.92K |
Held by 95 ETFs
Biggest fund positions in RILY by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 1, 26 | Knopf Fred Nachum | other | 0 |
| Jun 30, 26 | Forman Alan N | other | 2,853 |
| Jun 16, 26 | KELLEHER THOMAS J /ADV | other | 3,000 |
| Jun 16, 26 | RILEY BRYANT R | sell | 195,492 |
| May 13, 26 | Forman Alan N | sell | 20,555 |
| May 14, 26 | Forman Alan N | sell | 79,445 |
| Apr 13, 26 | RILEY BRYANT R | other | 17,059 |
| Apr 13, 26 | WEITZMAN HOWARD | other | 4,861 |
| Apr 13, 26 | KELLEHER THOMAS J /ADV | other | 22,440 |
| Apr 13, 26 | Forman Alan N | other | 3,741 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our RILY coverage
Recent articles, reports, and earnings notes.
No research on RILY yet
For a full analyst-grade research report — grades, price targets, financials, chart analysis — generate one on demand.
Generate RILY report →B. Riley Financial Q2 Earnings Call Highlights
marketbeat.com · Aug 7
BRC Group Holdings, Inc. (RILY) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 6
BRC Group Holdings, Inc. Reports Second Quarter 2026 Financial Results
prnewswire.com · Aug 6
BRC Group Holdings, Inc. to Report Second Quarter 2026 Earnings on Thursday August 6, 2026
prnewswire.com · Jul 23
BRC Group: Income Investors Are Riding The Bull
seekingalpha.com · Jul 20
BRC Group Holdings, Inc. Provides Update on SpaceX Carried Interest Position
prnewswire.com · Jun 15
BRC Specialty Finance Provides $20 Million Senior Secured Term Loan Supporting AI-Driven HPC Data Center Infrastructure Provider
prnewswire.com · Jun 3
BRC Group Holdings Inc (RILY) Shares Surge 5.1% -- What GF Score of 52 Tells Investors
gurufocus.com · May 22
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.