Item 2.02. Results of Operations and Financial Condition. On May 7, 2026, BRC Group Holdings, Inc. (the “Company”) issued a press release reporting its financial results for the fiscal quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.…
Filed May 7, 2026Accepted May 7, 2026, 4:03 PM EDTCIK 1464790Accession 0001464790-26-000033
BRC Group Holdings, Inc. (NASDAQ: RILY) is a diversified holding company with operations in financial services, communications, and retail, alongside investments in equity, debt, and venture capital. Our core financial services platform provides small-cap and middle-market companies with customized end-to-end solutions at every stage of the enterprise life cycle. Our investment banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business provides financial planning services, including brokerage, investment management, insurance, and tax preparation. Our communications businesses provide consumer and business services including traditional, mobile, and cloud phone, internet and data, security, and email. Our consumer products and retail businesses provide mobile computing accessories and home furnishings. BRC Group deploys its capital inside and outside its core financial services platform to generate shareholder value through opportunistic investments. For more information, please visit www.brcgh.com.
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Item 2.02Item 2.02 - Results of Operations
Item 2.02. Results of Operations and Financial Condition.
On May 7, 2026, BRC Group Holdings, Inc. (the “Company”) issued a press release reporting its financial results for the fiscal quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.
The information set forth in this Current Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this Current Report, including Exhibit 99.1 attached hereto, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing to this Current Report.
Filed exhibits (1)
EX-99.1 (by filename) rily-20260331xex991.htm
EX-99.1
2
rily-20260331xex991.htm
EX-99.1
Document
FOR IMMEDIATE RELEASE
BRC Group Holdings, Inc. Reports First Quarter 2026 Financial Results
First Quarter 2026 Net Income Available to Common Shareholders of $211.3 Million;
First Quarter 2026 Adjusted EBITDA of $262.2 Million; Operating Adjusted EBITDA of $34.6 Million
LOS ANGELES, May 7, 2026 - BRC Group Holdings, Inc. (Nasdaq: RILY) (“BRCGH” or the “Company”), a diversified holding company, today announced the filing of its Quarterly Report on Form 10-Q for the three month period ended March 31, 2026.
First Quarter 2026 Highlights
• Strong first quarter 2026 financial performance was driven by trading gains and operating segment performance.
• Total debt reduced by $128.9 million to $1.30 billion, and Net Debt(5) declined substantially by $254.6 million in the first quarter 2026, to $372.4 million.
• Announced plan for BRCGH to repurchase minority shares of B. Riley Securities (“BRS”) and merge BRS with B. Riley Wealth (“BRW”), estimated by year-end.
Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH, commented: “For the first quarter, we generated $211.3 million in net income and $34.6 million in Opera…