BRC Group Holdings, Inc.

NasdaqGM:RILY Stock Report

Market Cap: US$329.7m

BRC Group Holdings Past Earnings Performance

Past criteria checks 2/6

BRC Group Holdings's earnings have been declining at an average annual rate of -41.8%, while the Capital Markets industry saw earnings growing at 6.3% annually. Revenues have been declining at an average rate of 12.9% per year. BRC Group Holdings's return on equity is 353.2%, and it has net margins of 43.5%.

Key information

-41.78%

Earnings growth rate

-43.55%

EPS growth rate

Capital Markets Industry Growth10.26%
Revenue growth rate-12.85%
Return on equity353.23%
Net Margin43.55%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • Apr 06

BRC Group: Record Quarter Ahead But Concerns Remain

Summary BRC Group Holdings reported highly profitable fourth quarter results largely in line with the preliminary numbers provided on January 29. Similar to Q3, earnings were driven by the persistent rally in Babcock & Wilcock Enterprises' shares. As the rally in Babcock & Wilcox Enterprises' common shares has continued, Q1 results should be even stronger. However, addressing substantial 2028 debt maturities remains a difficult task. Subsequent to year-end, the company has entered into several debt-for-equity exchanges. Further exchanges could result in material dilution for common shareholders. With profitability now largely dependent on the performance of Babcock & Wilcock Enterprises' shares and given recent dilution from debt-for-equity exchanges, I prefer to remain on the sidelines. Reiterating "Hold" rating. Read the full article on Seeking Alpha
Seeking Alpha • Jan 14

B. Riley Financial: RILYM Holders Score A Winner

Summary On Tuesday, securities of B. Riley Financial rallied across the board after the company filed its much-delayed Q2 2024 financial report on form 10-Q with the SEC. The company expects to file the Q3 2024 financial report in the near future, which should be sufficient to regain compliance with Nasdaq listing requirements. Cash and cash equivalents at year-end amounted to $257 million, of which approximately $150 million was earmarked for the redemption of the company's RILYM baby bonds on February 28. Last week, a new credit agreement with the Banc of California provided B. Riley with some incremental liquidity. That said, addressing the 2026 debt wall remains a Herculean task for the beleaguered company, with no clear path forward at this point. Hopefully, Bryant Riley will be able to pull a rabbit out of his hat as otherwise equity holders might end up holding the bag. Read the full article on Seeking Alpha
Seeking Alpha • Nov 14

B. Riley Q3 Results Update: Expect Short-Term Debt To Be Repaid In Due Course

Summary After the close of Wednesday's regular session, beleaguered investment bank and financial services provider B. Riley Financial, Inc. filed a well-anticipated notification of late filing with the SEC. The company will require more time to assess the impact of the Franchise Group bankruptcy and recent asset monetizations on its financial statements. B. Riley also disclosed selected preliminary Q3 results. The company finished the quarter with $159 million in cash and $2.06 billion in debt. Once again, the company will be required to record substantial non-cash impairment charges, which will be largely offset by a gain from the monetization of Great American Group in Q4. With no major debt near-term maturities, the company will have several quarters to figure out a solution for more than $700 million in 2026 baby bond maturities. However, refinancing won't be an easy task. Read the full article on Seeking Alpha
Seeking Alpha • Sep 17

B. Riley: Survival Potential Uncertain, But Valuation Is Now Reasonable

Summary B. Riley faces immense risks due to significant debt maturities, weak consumer brands, and a tarnished reputation that may harm its advisory business. Despite a 67% stock plummet, short interest remains high, indicating market skepticism about its survival and potential for a short squeeze. The company's future hinges on asset sales, creditor leniency, and potential take-private offers, making its equity value highly speculative. Given its seemingly binary prospects and the potential for significant upside, if liquidity risks are mitigated, I now have a neutral outlook on RILY. Reputation matters in investment banking, meaning B. Riley may struggle with keeping its key clients and employees. Read the full article on Seeking Alpha
Seeking Alpha • Aug 23

B. Riley Financial: Drop Overdone, Take-Private Opportunistic, Bonds Oversold

Summary B. Riley Financial suspended its dividend to common shareholders to save $62 million for deleveraging. The company's bonds have dropped significantly against a pending liquidity transaction and a cash and equivalents position of $190 million at the end of the first quarter. RILYM is set to be 80% repaid in November as the Fed is set to cut rates. Read the full article on Seeking Alpha
Seeking Alpha • Aug 12

B. Riley Financial: Bad News Comes In Threes

Summary B. Riley Financial, Inc. faces severe financial challenges with escalating interest expense and substantial asset write-offs. The company's complex structure and speculative investments amplify its risk profile. B. Riley Financial's estimated cash inflows from various segments may not be enough to cover its interest expenses, putting the company in a challenging financial position. Read the full article on Seeking Alpha
Seeking Alpha • Jul 18

B. Riley Financial: Securities Lending Business Raises Eyebrows Due To Liquidity Risk

Summary B. Riley's stock has fallen by 71% since I wrote a bearish opinion in 2021, as its income has declined while its balance sheet risks have grown. The company's future seems uncertain as short interest reaches 30%, making it among the most short-sold stocks today. Fundamentally, the company is operating too many segments, failing to develop a competitive edge in most, leading to low margins. B. Riley's securities lending business stands out compared to peers but could result in notable risks due to the potential undercollateralization of these loans in the event of a large market decline. Although B. Riley's risk exposure appears high, its performance may recover depending on macroeconomic circumstances. Further, its short interest is high enough that it has high short-squeeze potential. Read the full article on Seeking Alpha
Seeking Alpha • May 18

B. Riley Financial: $1.61 Billion In Ample Liquidity, Dividend Declared, And Short Squeeze

Summary B. Riley Financial's total cash and investments balance at $1.61 billion provides substantial balance sheet depth. The company declared a $0.50 per share quarterly cash dividend for a 7% annual dividend yield. RILY faces jus $25 million in debt maturing in 2024 as of the end of its first quarter with $146.4 million of debt maturing in 2025 comfortably covered by cash. Read the full article on Seeking Alpha
Seeking Alpha • Apr 26

B. Riley Financial: Bearish Narrative Now Dead On 10-K Filing And Rally, I'm Buying RILYZ

Summary B. Riley Financial filed its 2023 annual report, debunking the bearish thesis that it would face delisting from the SEC. The short position in B. Riley Financial is expected to be unwound in the coming weeks and months. The company's liquidity and upcoming catalysts, such as a potential sale of its Great American Group business, are expected to strengthen its position. Read the full article on Seeking Alpha
Seeking Alpha • Feb 18

B. Riley's Balance Sheet Is In Bad Shape With A Risky Solvency Position

Summary This article exposes balance sheet risks to B. Riley which occur before the claims of equity investors, preferred equity investors and lenders. RILY's core business is in a risky solvency position; excluding the impact of highly volatile trading revenue streams, RILY has negative EBIT levels, so net interest expense is not covered. The company has a negative net assets positions excluding goodwill. Yet, the stock trades above book value. This implies further downside ahead. Short interest is high, but there was already a short squeeze in late January 2024, which I believe reduces the chances of another short squeeze until new lows are made. However, the short borrow fees are too high to initiate fresh short sells. The balance sheet problems in B. Riley are structural. Hence, I believe it is highly unlikely that Q4 earnings would lead to any kind of sustained reversal. Read the full article on Seeking Alpha
Seeking Alpha • Jan 12

B. Riley Financial: The Rout Count Get Worse, On Derisking

Summary B. Riley Financial stock continues to struggle with a recovery as the combination of recent headwinds facing its FRG acquisition in August 2023 and weak Q3 results sour market sentiment. This has pushed RILY's dividend yield to ~20%, which is obviously very attractive if its underlying fundamentals remain sound and can help to offset some of the near-term volatility. However, credibility remains low. Mixed asset quality also underscores risks to the durability of cash flows supporting its highly leveraged business and dividends. Paired with its institutional-heavy investor base, which is typically more risk averse, we believe there is further room for de-risking selling in store that could worsen the RILY rout. Read the full article on Seeking Alpha
Analysis Article • Jul 31

B. Riley Financial (NASDAQ:RILY) Is Due To Pay A Dividend Of $1.00

B. Riley Financial, Inc. ( NASDAQ:RILY ) has announced that it will pay a dividend of $1.00 per share on the 21st of...

Revenue & Expenses Breakdown

How BRC Group Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:RILY Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 261,045455280
31 Dec 25869229280
30 Sep 25850-90340
30 Jun 25729-330340
31 Mar 25568-849340
31 Dec 24547-920300
30 Sep 24638-779180
30 Jun 24789-729230
31 Mar 241,039-242310
31 Dec 231,164-162340
30 Sep 231,242-108390
30 Jun 231,21437350
31 Mar 231,020-141300
31 Dec 22732-280280
30 Sep 22755-46230
30 Jun 22841-43220
31 Mar 221,198173190
31 Dec 211,410438190
30 Sep 211,594546160
30 Jun 211,447544160
31 Mar 211,381553160
31 Dec 20727200160
30 Sep 2055447150
30 Jun 2051234150
31 Mar 20421-26150
31 Dec 1957081140
30 Sep 1951556140
30 Jun 1944224140
31 Mar 1940519150
31 Dec 1836716140
30 Sep 183821890
30 Jun 183831690
31 Mar 18336290
31 Dec 173021290
30 Sep 172933050
30 Jun 172643950
31 Mar 172213550
31 Dec 161882250
30 Sep 16115840
30 Jun 1681140
31 Mar 16106930
31 Dec 151121230
30 Sep 151121020
30 Jun 15111820

Quality Earnings: RILY has a high level of non-cash earnings.

Growing Profit Margin: RILY became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RILY has become profitable over the past 5 years, growing earnings by -41.8% per year.

Accelerating Growth: RILY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RILY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (38.3%).

Return on Equity

High ROE: Whilst RILY's Return on Equity (353.23%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/30 08:35
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BRC Group Holdings, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael CrawfordB. Riley Securities, Inc.