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B. Riley Securities to Host Mind, Muscle & Vision Healthcare Summit on July 16, 2026
June 4, 2026 4:03 PM
PR Newswire (US)
BOSTON, June 4, 2026 /PRNewswire/ -- B. Riley Securities, Inc. ("B. Riley Securities"), a leading full-service investment bank, today announced it will host the Mind, Muscle & Vision Summit – a premier single-day healthcare conference connecting institutional investors with management teams pioneering cutting-edge innovations in neurology, muscle and eyecare disease states. The event will take place on Thursday, July 16, 2026, in Boston, MA.
Participating companies are selected by B. Riley Securities' award-winning equity research team, ensuring investors access to differentiated opportunities across psychiatry, neurology, neuromuscular, cardiology, and ophthalmology – many poised for meaningful commercial, clinical trial, and regulatory catalysts into 2027.
The summit will feature research analyst-hosted thematic industry panel discussions, one-on-one and small group meetings with corporate management teams and institutional investors across three dedicated tracks:
B. Riley Securities' Mind, Muscle & Vision Summit comes at a highly dynamic time for this fast-growing sub-sector. Year-to-date in 2026, pharma strategics have committed over $30 billion to CNS, muscle, and ophthalmology programs - roughly 25% of total deal activity by size and volume. These exits represent a durable, accelerating trend that has returned significant capital to industry-dedicated investors now actively seeking their next opportunities.
"Our equity research team has a strong record of identifying differentiated healthcare companies ahead of the broader market, and this summit reflects that discipline. We're bringing together institutional investors with management teams across high-value therapeutic verticals at a moment when strategic capital is accelerating and meaningful commercial, clinical and regulatory milestones are on the horizon," said Andy Moore, CEO, B. Riley Securities.
Institutional investors and industry professionals interested in attending, scheduling one-on-one meetings, or learning more about the participating companies are encouraged to register early.
Participation is by invitation only. To request an invitation, contact your B. Riley Securities representative or email healthcareevents@brileysecurities.com. For sponsorship inquiries, email conference@brileysecurities.com.
About B. Riley Securities, Inc.
B. Riley Securities, Inc. provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, B. Riley Securities offers clients an extensive network, deep industry expertise, and proven execution capabilities through its end-to-end platform. For more information, visit www.brileysecurities.com and follow us on LinkedIn.
Media Contact:
Jo Anne McCusker
B. Riley Securities
press@brileysecurities.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/b-riley-securities-to-host-mind-muscle--vision-healthcare-summit-on-july-16-2026-302791996.html
SOURCE B. Riley Securities
Original: B. Riley Securities to Host Mind, Muscle & Vision Healthcare Summit on July 16, 2026
BRC Specialty Finance Provides $20 Million Senior Secured Term Loan Supporting AI-Driven HPC Data Center Infrastructure Provider
June 3, 2026 7:44 AM
PR Newswire (US)
Transaction highlights platform's ability to deliver agile, structured capital solutions for the middle market
LOS ANGELES, June 3, 2026 /PRNewswire/ -- BRC Specialty Finance, the direct lending platform of BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRCGH") and B. Riley Securities, Inc. ("BRS"), a leading full-service investment bank, today announced that BRS has assumed a $20 million advance under a $100 million senior secured delayed draw term loan facility originated by Bit Digital, Inc. (NASDAQ: BTBT) to Enovum NC-1 Venture LLC, an indirect wholly-owned subsidiary of WhiteFiber, Inc. (NASDAQ: WYFI).
Through an Assignment and Assumption Agreement, BRS became a lender of record on the same economic terms as the lead lender, capitalizing on an attractive risk-adjusted yield in the growing digital infrastructure sector. This 90-day assigned advance is expected to bridge the borrower to its anticipated permanent institutional financing. The borrower intends to use the facility for general corporate purposes, which may include the completion of the buildout of the first phase of a HPC data center located in Madison, North Carolina, being developed by affiliates of WhiteFiber, subject to the timing of the closing of permanent financing, as well as other growth initiatives.
Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH and Executive Chairman of BRS, said: "This transaction solves a dual-sided credit need: unlocking critical liquidity for underserved, high-catalyst operators scaling next-generation data center infrastructure, while capturing high-quality, asset-backed yields for our platform. This financing addresses a specific market gap we are uniquely suited to fill. Traditional lenders are often not structured for shorter-term facilities of this nature and lack the longer-term investment in corporate relationships that serves as our guiding principle."
Andy Moore, Chief Executive Officer of BRS, said: "Our deep, multi-year relationship with the Bit Digital and WhiteFiber management teams allowed B. Riley Securities to execute this transaction with speed and precision. This transaction is a testament to our platform's ability to bring flexible capital, speed, and trusted relationships to bear for clients at their most critical inflection points."
In a separate transaction, BRCGH has also finalized a $10 million receivables-backed purchase agreement with a publicly traded technology company, providing short-term liquidity to a repeat client and valued long-term partner – demonstrating the platform's early momentum.
These transactions underscore BRC Specialty Finance's commitment to deploying structured capital solutions to small-cap and middle market companies – a segment frequently underserved by traditional lenders. The platform continues to focus on high-quality credit opportunities that combine strong downside protection and compelling yields.
About BRC Specialty Finance
BRC Specialty Finance is the direct lending platform of BRC Group Holdings and B. Riley Securities, specializing in providing bespoke, flexible credit solutions—including structured equity loans, bridge facilities, delayed draw term loans, and structured debt—to small and middle-market companies. Differentiated by its public company focus, capital markets fluency, and solutions-oriented approach, BRC Specialty Finance structures financing around each borrower's capital structure, liquidity profile, and strategic objectives. The platform's ability to pair credit underwriting with real-time capital markets insights provides borrowers with greater flexibility.
About B. Riley Securities, Inc.
B. Riley Securities, Inc. provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities through its end-to-end platform. For more information, visit www.brileysecurities.com and follow us on LinkedIn.
About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, communications, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and 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 retail businesses provide mobile computing accessories and home furnishings. BRCGH 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.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. Forward-looking statements include, without limitation, statements regarding the growth and capital deployment of BRC Specialty Finance, the borrower's anticipated permanent institutional financing, the platform's ability to source and execute future credit opportunities, and expected financial and operational results. If the risks or uncertainties referenced herein materialize, or if underlying assumptions prove incorrect, BRCGH's business, operating results, financial condition, and stock price could be materially and adversely affected. Actual results may differ materially from those anticipated due to factors including, but not limited to, changes in market conditions, borrower performance, the availability of attractive credit opportunities, regulatory developments, general economic conditions, and the other risks described in BRCGH's periodic filings with the SEC, including under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in BRC Group Holdings, Inc.'s 2025 Annual Report on Form 10-K and 2026 Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. BRCGH undertakes no obligation to update any forward-looking statement, except as required by law.
Contacts
Mike Frank
Investor Relations
press@brcgh.com
View original content:https://www.prnewswire.com/news-releases/brc-specialty-finance-provides-20-million-senior-secured-term-loan-supporting-ai-driven-hpc-data-center-infrastructure-provider-302790154.html
SOURCE BRC Group Holdings, Inc.
B. Riley Securities Expands Executive Leadership Team with Return of Industry Leaders Patrice McNicoll and Matt Feinberg
May 19, 2026 7:32 AM
PR Newswire (US)
Strategic appointments to accelerate capital markets growth and scale the firm's investment banking platform
ARLINGTON, Va., May 19, 2026 /PRNewswire/ -- B. Riley Securities, Inc. ("B. Riley Securities," "BRS" or the "Company"), a leading full-service investment bank, today announced the return of two highly respected industry leaders to the firm, Patrice McNicoll and Matt Feinberg.
Mr. McNicoll rejoins as Co-President and Head of Capital Markets, and Mr. Feinberg returns as Co-Head of Investment Banking. Together, they will partner closely with Joe Nardini, Co-President and Head of Investment Banking to accelerate the growth of B. Riley Securities' capital markets and advisory origination.
"We could not be more excited to welcome Patrice and Matt back to BRS," said Andy Moore, CEO, B. Riley Securities. "Their return is a powerful validation of our progress and momentum. Patrice and Matt have been two of our most successful dealmakers, and we believe our platform provides them the resources, reach, and entrepreneurial environment to do what they do best: deliver creative, high-impact solutions for clients while generating meaningful results for the firm."
Mr. McNicoll and Mr. Feinberg each bring decades of top tier dealmaking experience to the firm, having originated and executed billions of dollars in capital markets transactions including public equity and debt offerings, institutional private placements, and strategic advisory mandates. During their prior tenures with B. Riley Securities, they led high-profile financings across key growth verticals, including infrastructure, healthcare, real estate, power, and technology.
Most recently, both held leadership positions with Yorkville Securities where Mr. McNicoll served as Co-CEO and Mr. Feinberg as Co-Head of Investment Banking.
"Patrice and Matt understand our culture, our pace, and our strategic objectives," said Joe Nardini, Co-President and Head of Investment Banking. "Their return meaningfully strengthens our leadership team and adds tremendous firepower across our advisory and capital markets efforts as we continue expanding our capabilities and executing for our clients."
"BRS is creating real momentum, the leadership team is aligned, and partnering again with Joe made this opportunity especially exciting for Matt and me," said Patrice McNicoll, Co-President and Head of Capital Markets. "We are ready to get to work and deliver immediate value for our clients, colleagues, and partners."
About B. Riley Securities
B. Riley Securities provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities through its end-to-end platform. For more information, visit www.brileysecurities.com and follow us on LinkedIn.
Contact:
Jo Anne McCusker
B. Riley Securities
press@brileysecurities.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/b-riley-securities-expands-executive-leadership-team-with-return-of-industry-leaders-patrice-mcnicoll-and-matt-feinberg-302775733.html
SOURCE B. Riley Securities
BRC Group Holdings, Inc. Announces First Quarter 2026 Earnings Call
April 30, 2026 8:01 AM
PR Newswire (US)
LOS ANGELES, April 30, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRCGH" or the "Company"), today announced that it will host its first quarter 2026 earnings call on May 7, 2026 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results.
First Quarter 2026 Earnings Call
Management will provide a detailed review of the Company's financial performance and operational highlights, followed by a question-and-answer session with analysts and investors.
Date: Thursday, May 7, 2026
Time: 4:30 p.m. ET (1:30 p.m. PT)
Register for the call at https://evercall.co/oacc/14524 or on the Company's website at ir.brcgh.com under Events and Presentations. An audio recording will be made available for replay until May 21, 2026.
About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, communications, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and 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 retail businesses provide mobile computing accessories and home furnishings. BRCGH 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.
Contacts
Investors
Mike Frank
mfrank@brcgh.com
Media
Elizabeth Fogerty
efogerty@brcgh.com
View original content:https://www.prnewswire.com/news-releases/brc-group-holdings-inc-announces-first-quarter-2026-earnings-call-302758717.html
SOURCE BRC Group Holdings, Inc.
Original: BRC Group Holdings, Inc. Announces First Quarter 2026 Earnings Call
B. Riley Securities Reports Fourth Quarter and Full Year 2025 Results
April 29, 2026 7:32 AM
PR Newswire (US)
ARLINGTON, Va., April 29, 2026 /PRNewswire/ -- B. Riley Securities Holdings, Inc. ("B. Riley Securities," "BRS" or the "Company"), a leading full-service investment bank, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2025.
Strategic & Financial Highlights
Management Commentary
"2025 successfully demonstrated our platform's durability – a testament to our team's perseverance and clients valuing our proprietary product," said Andy Moore, Chief Executive Officer, B. Riley Securities. "Following the strategic initiatives announced by BRC Group Holdings to integrate our affiliated banking, capital markets, and B. Riley Wealth platforms, our mandate is clear: we are officially on offense, and I am energized to guide our next chapter."
"As traditional middle-market funding sources retreat, this proposed integration creates one of the few platforms uniting investment banking, broad distribution, and balance sheet capabilities – uniquely positioning us to step into the void to solve our clients' critical capital mandates and capture market share. We approach the current market from a fortified position, having executed over 200 transactions representing $42 billion in debt and equity raised for clients during 2025, while serving as one of the few banks to lead both a $180 million IPO and $170 million follow-on last year," said Joe Nardini, President and Head of Investment Banking, B. Riley Securities. "While 2026 brings renewed volatility and shifting financing timelines, our model has historically thrived in dislocation. Looking beyond near-term headwinds, our expanding cross-platform capabilities and an improving IPO market provide a constructive backdrop to drive anticipated second-half revenue diversification."
Mr. Moore continued, "Our differentiated focus on underserved markets continues to draw top-tier talent, and we are strategically expanding our platform to build on the 10 senior producers recruited last year. We compound this expansion with rigorous operational discipline, embedding enterprise-wide AI as a force multiplier to accelerate execution. As we advance to our previously announced proposed integration with B. Riley Wealth and return to full BRCGH ownership, we anticipate future financial results will be reported on a consolidated basis by BRCGH, transitioning away from standalone BRS earnings releases. We look forward to discussing our expanded vision with clients and partners at our 26th Annual Institutional Investor Conference next month."
Summary of Financial Results
Fourth Quarter 2025
For the three-month period ended December 31, 2025, total revenues were $92.1 million. Net income attributable to BRS was $41.8 million for the quarter. Adjusted net revenue was $40.0 million and adjusted net income was $3.2 million, excluding legacy position gains and losses, share-based compensation, transaction costs, and related tax impacts.
Full Year 2025
For the full year 2025, total revenues were $260.2 million. Net income attributable to BRS was $69.9 million for the year. Adjusted net revenue was $191.0 million, and adjusted net income was $24.2 million.
Revenue and net income may vary from period to period based on the number, size, and timing of completed transactions, among other factors. Accordingly, these results may not be indicative of broader business momentum or longer-term performance.
The adjusted results presented above, including Adjusted Net Revenue and Adjusted Net Income, are non-GAAP metrics that BRS believes offer a clearer view of the firm's underlying operating performance. See "Note Regarding Use of Non-GAAP Financial Measures" below and reconciliation provided in the Appendix of this press release.
Operational & Strategic Updates
Debt-Free Balance Sheet: As of December 31, 2025, cash and securities totaled $223.0 million. BRS continues to operate with zero outstanding debt, providing the financial flexibility to aggressively compete for mandates, drive new revenue opportunities, and opportunistically invest in our platform.
Capital Allocation: The BRS Board has approved the payment of a common stock dividend of $0.18 per common share, representing a distribution of approximately $3.25 million in the aggregate, payable to B. Riley Securities Holdings shareholders.
The financial results provided only relate to the performance, balance sheet, debt and operating results of B. Riley Securities Holdings, Inc. on a stand-alone basis and should not be considered to reflect the complete financial performance, balance sheet, debt or operating results of BRC Group Holdings, Inc. and its consolidated subsidiaries, of which B. Riley Securities Holdings, Inc. is only a part.
About B. Riley Securities
BRS provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities through its end-to-end platform. For more information, visit www.brileysecurities.com and follow us on LinkedIn.
Note Regarding Use of Non-GAAP Financial Measures
Certain information set forth herein, including adjusted net revenue and adjusted net income (loss), may be considered non-GAAP financial measures. B. Riley Securities believes this information is useful to investors because it provides a basis for measuring the operating performance of the Company's business and its revenues and cash flow, (i) excluding in the case of adjusted net revenue, trading gains (losses) and fair value adjustments on loans on legacy investment positions (net of "regular way" fixed income trading revenue), and including Securities Lending interest expense and (ii) excluding in the case of adjusted net income, fair value adjustments, stock-based compensation, trading gains (losses) and fair value adjustments on loans on legacy investment positions (net of certain related non-controlling interest and investment-related expense adjustments and "regular way" fixed income trading revenue), and including the estimated related tax expense or benefit on the aforementioned adjustments, that would normally be included in the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles ("GAAP"). In addition, the Company's management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating the Company's operating performance, management compensation, capital resources, and cash flow. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and non-financial measures as reported by the Company may not be comparable to similarly titled amounts reported by other companies.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and BRCGH's stock price could be materially negatively affected. Our forward-looking statements include, without limitation, the anticipated merger between BRS and BRW, and the expectation that these actions will maximize revenue and opportunities for clients. The proposed merger of BRS and BRW is subject to approval by FINRA pursuant to Rule 1017 and other applicable regulatory requirements, and there can be no assurance that such approval will be obtained, that it will not be subject to conditions that materially affect the structure or timing of the proposed merger, or that the merger will be completed on the terms described herein or at all. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. BRC Group Holdings, Inc. and B. Riley Securities Holdings, Inc. assume no duty to update forward-looking statements, except as required by law. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risk that the Company may not be able to expand its business and clients, regulatory delays, general economic conditions and the risks described from time to time in BRC Group Holdings, Inc.'s periodic filings with the SEC, including, without limitation, the risks described in the BRCGH 2025 Annual Report on Form 10-K/A under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.
B. RILEY SECURITIES HOLDINGS, INC. AND SUBSIDIARIES | |||||
Condensed Consolidated Balance Sheet Statement | |||||
(in thousands) | |||||
Year Ended December 31, | |||||
2025 | 2024 | ||||
Assets | |||||
Cash and cash equivalents | $ 89,600 | $ 41,218 | |||
Accounts receivable, net of allowance | 6,496 | 9,940 | |||
Securities borrowed | 114,937 | 43,022 | |||
Financial instruments owned, at fair value | 133,432 | 77,983 | |||
Due from clearing brokers | 13,788 | 22,073 | |||
Operating lease right-of-use assets | 5,001 | 8,606 | |||
Goodwill and intangibles | 160,720 | 162,262 | |||
Property and equipment, net | 1,087 | 2,049 | |||
Deferred income taxes | 2,090 | - | |||
Prepaid expenses and other assets | 6,787 | 2,386 | |||
Total assets | $ 533,938 | $ 369,539 | |||
Liabilities | |||||
Securities loaned | $ 97,320 | $ 27,941 | |||
Financial instruments sold not yet purchased, at fair value | 9,767 | 5,675 | |||
Due to related parties and partners, net | 11,327 | - | |||
Accrued compensation and benefits | 28,739 | 26,822 | |||
Accounts payable and accrued expenses | 14,947 | 11,642 | |||
Note payable | - | 12,379 | |||
Income taxes payable | 31,945 | - | |||
Operating lease liabilities | 6,327 | 10,581 | |||
Total liabilities | $ 200,372 | $ 95,040 | |||
Equity | $ 333,566 | $ 274,499 | |||
Total liabilities & equity | $ 533,938 | $ 369,539 | |||
The financial information presented for the year ended December 31, 2024, as well as the pre-carve-out statements of income and cash flows for the 2025 |
B. RILEY SECURITIES HOLDINGS, INC. AND SUBSIDIARIES | |||||||||
Condensed Consolidated Statement of Operations | |||||||||
(in thousands) | |||||||||
Quarter Ended December 31, | Year Ended December 31, | ||||||||
2025 | 2024 | 2025 | 2024 | ||||||
Revenues | |||||||||
Investment banking | $ 27,446 | $ 41,596 | $ 130,679 | $ 146,887 | |||||
Institutional brokerage | 4,983 | 3,879 | 18,940 | 22,394 | |||||
Principal transactions | 57,487 | (1,881) | 103,140 | (41,773) | |||||
Interest income, net - securities lending | 492 | 339 | 1,833 | 4,923 | |||||
Interest | 583 | 964 | 1,971 | 7,380 | |||||
Other income | 1,078 | 1,485 | 3,588 | 4,247 | |||||
Total revenues | 92,069 | 46,382 | 260,151 | 144,058 | |||||
Expenses | |||||||||
Compensation and benefits | 25,694 | 30,726 | 115,453 | 117,745 | |||||
Other operating expenses | 12,983 | 12,706 | 55,246 | 50,214 | |||||
Total expenses | 38,677 | 43,432 | 170,699 | 167,959 | |||||
Operating net income (loss) | 53,392 | 2,950 | 89,452 | (23,901) | |||||
Other (income) expense | (577) | - | (544) | - | |||||
Net income (loss) before income taxes and non-controlling interest | 53,969 | 2,950 | 89,996 | (23,901) | |||||
Income tax (benefit) expense | 11,889 | 797 | 25,164 | (6,453) | |||||
Net income (loss) | 42,080 | 2,153 | 64,832 | (17,448) | |||||
Net income (loss) attributable to non-controlling interest | 315 | - | (5,053) | - | |||||
Net income (loss) attributable to BRS Holdings, Inc | $ 41,765 | $ 2,153 | $ 69,885 | $ (17,448) | |||||
The financial information presented for the year ended December 31, 2024, as well as the pre-carve-out statements of income and cash flows for the 2025 |
B. RILEY SECURITIES HOLDINGS, INC. AND SUBSIDIARIES | ||||||||
Reconciliation of GAAP to Adjusted Results | ||||||||
(in thousands) | ||||||||
Quarter Ended December 31, | Year Ended December 31, | |||||||
2025 | 2024 | 2025 | 2024 | |||||
GAAP revenue | $ 92,069 | $ 46,382 | $ 260,151 | $ 144,058 | ||||
Adjustments: | ||||||||
Legacy positions losses (gains) | (52,474) | 5,449 | (69,476) | 59,801 | ||||
Committed equity facility gains | 402 | - | 374 | - | ||||
Total adjustments | (52,071) | 5,449 | (69,102) | 59,801 | ||||
Adjusted net revenue | $ 39,998 | $ 51,831 | $ 191,049 | $ 203,859 | ||||
Net income | $ 41,765 | $ 2,153 | $ 69,885 | $ (17,448) | ||||
Adjustments: | ||||||||
Legacy positions losses (gains) | (52,342) | 5,449 | (71,281) | 59,801 | ||||
Transaction costs | 1,038 | - | 2,613 | - | ||||
Share based compensation | 1,742 | 839 | 6,499 | 5,757 | ||||
FV Change - Contingent Consideration | - | - | - | (379) | ||||
Income tax-effect of above non-GAAP adjustments and certain discrete tax items | 10,983 | (1,698) | 16,459 | (17,598) | ||||
Adjusted net income | $ 3,186 | $ 6,743 | $ 24,175 | $ 30,133 | ||||
The financial information presented for the year ended December 31, 2024, as well as the pre-carve-out statements of income and cash flows for the 2025 |
Contact:
Jo Anne McCusker
B. Riley Securities
press@brileysecurities.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/b-riley-securities-reports-fourth-quarter-and-full-year-2025-results-302757155.html
SOURCE B. Riley Securities
Original: B. Riley Securities Reports Fourth Quarter and Full Year 2025 Results
BRC Group Holdings Seeks to Repurchase Minority Shares of B. Riley Securities and Combine B. Riley Securities with B. Riley Wealth
April 20, 2026 8:01 AM
PR Newswire (US)
Transaction Expected to Create a Differentiated Capital Solution for the Small-Cap and Middle Market
LOS ANGELES, April 20, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (Nasdaq: RILY) ("BRCGH" or the "Company"), a diversified holding company, today announced a series of strategic actions designed to consolidate its financial services platform, and posture the company for renewed growth while reinforcing its position as a leading, end-to-end capital markets and advisory partner serving the small-cap and middle market.
The Company intends to repurchase the outstanding shares of B. Riley Securities ("BRS") and seeks to combine BRS with B. Riley Wealth ("BRW"), bringing together the Company's institutional and retail distribution under a single investment banking and wealth management platform. In connection with these actions, BRCGH also announced leadership changes at BRS.
Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH, said: "There is a critical and growing need for capital in the small-cap and middle market to support the key initiatives of clients. This capital is often time-sensitive, highly structured, and offers attractive risk-adjusted returns. It is often sourced through non-traditional providers such as hedge funds and family offices through a process that is expensive, complex, time-intensive – and that, when not paired with holistic investment banking solutions, can be unnecessarily restrictive to clients and impede their growth.
"With its renewed financial strength, BRCGH recently formalized this activity with the launch of BRC Specialty Finance platform.
"To more efficiently deploy our combined capital resources and continue to accelerate growth of the platform, BRCGH will pursue a repurchase of the approximately 8% of minority shares of BRS not already owned by BRCGH. Upon completion, BRS expects to be one of the few investment banks supporting its clients with this type of capital, providing a significant competitive advantage."
Merger of BRS and BRW
The Company intends to effect a merger of BRS and BRW by year end, subject to regulatory approval, including approval by FINRA under Rule 1017. The combination is expected to streamline operations across both regulated entities, accelerate combined platform growth, and provide BRW clients with access to appropriate proprietary investment opportunities.
Realigned Management Team
To steward this next chapter of integrated growth and shareholder creation, the Company has realigned its senior leadership team. Effective immediately, Bryant Riley, has been appointed Executive Chairman of BRS, Andy Moore returns as Chief Executive Officer of BRS, and Joseph Nardini, Head of Investment Banking, has been promoted to President of BRS. Bryant and Andy will join, and Joseph will continue to serve, as members of BRS's Executive Committee. Michael Mullen, Chief Executive Officer of BRW, will also join BRS's Executive Committee upon completion of all applicable FINRA registration and regulatory requirements.
Andy Moore, Chief Executive Officer of BRS, said: "These changes are focused on renewed growth and reinforce our commitment to BRS's long-term success. With the combined capital of BRW and BRS behind our platform, we are positioned to move with speed and conviction on complex mandates that require significant capital and deep-rooted relationships. As traditional funding sources retreat, our deeper bench and expanded capabilities make us an attractive choice for clients and talent. The planned merger with BRW is expected to ensure that we are best equipped to capture market momentum and deliver long-term value."
Joseph Nardini, President and Head of Investment Banking of BRS, said: "We are now in a position to leverage our platform to drive long-term value and establish BRS as the strategic capital partner of choice for the underserved small-cap and middle market. The ability to pair investment banking services with BRCGH's capital resources is a powerful proposition for our clients. Combined with increased collaboration between BRS and BRW, we are positioned to deliver greater capacity and capabilities across every mandate."
Michael Mullen, Chief Executive Officer of BRW, said: "The merger of BRS and BRW will give our advisors and their clients access to sophisticated capital markets capabilities and proprietary investment opportunities that differentiate us from our competitors. This elevated offering will establish our wealth platform as a premier destination for top-tier, solutions-oriented advisors. I look forward to serving on the BRS Executive Committee and the significant value-creation opportunity that this new structure will bring to our advisors and customers."
Leadership Transition
Concurrent with these leadership changes, Jimmy Baker has stepped down from his role as Chief Executive Officer of BRS and resigned from the B. Riley Securities Holdings Board of Directors. Riley added: "Jimmy has been a pivotal leader of BRS since joining us in 2010. We are grateful for his significant contributions and thank him for his leadership and his dedication."
About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, communications, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and 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 retail businesses provide mobile computing accessories and home furnishings. BRCGH 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.
About B. Riley Securities, Inc.
BRS provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS's extensive network, industry expertise, and proven execution capabilities through its end-to-end platform. For more information, visit www.brileysecurities.com. Follow us on LinkedIn.
About B. Riley Wealth
B. Riley Wealth is a full-service investment firm serving the diverse financial needs of individuals and families, businesses and institutions, non-profits, trusts, foundations, and endowments. Our wealth management financial professionals offer consultative investment advice, financial planning expertise, brokerage and tax services. Working alongside you, a B. Riley Wealth financial professional can leverage our expansive array of investment products, tools and technology to implement a sound financial strategy based on your values, needs and goals.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. Our forward-looking statements include, without limitation, statements regarding our expectation of repurchasing the minority shares of BRS, the anticipated merger between BRS and BRW, the expectation that these actions will maximize revenue and opportunities for clients and the timing of the anticipated transactions. The proposed merger of BRS and BRW is subject to approval by FINRA pursuant to Rule 1017 and other applicable regulatory requirements, and there can be no assurance that such approval will be obtained, that it will not be subject to conditions that materially affect the structure or timing of the proposed merger, or that the merger will be completed on the terms described herein or at all. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. The Company assumes no duty to update forward-looking statements, except as required by law. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risk that the parties may not reach agreement on the terms of the minority share repurchase, regulatory delays, general economic conditions and the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2025 Annual Report on Form 10-K under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.
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SOURCE BRC Group Holdings, Inc.
BRC Group Holdings, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
March 31, 2026 4:05 PM
PR Newswire (US)
Fourth Quarter 2025 Net Income Available to Common Shareholders of $84.8 Million;
Fourth Quarter 2025 Adjusted EBITDA of $104.2 Million
Full Year 2025 Net Income Available to Common Shareholders of $299.4 Million;
Full Year 2025 Adjusted EBITDA of $231.1 Million
LOS ANGELES, March 31, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (Nasdaq: RILY) ("BRCGH" or the "Company"), a diversified holding company, today announced the filing of its Annual Report on Form 10-K for the three and twelve-month periods ended December 31, 2025.
Fourth Quarter & Full Year 2025 Highlights
Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH, commented: "Strong fourth quarter and full year 2025 financial results were delivered across our diverse platform of operating companies and investment holdings. The capital markets and financial services businesses performed well, overcoming difficult market conditions in the first half of 2025. The Communications Business Group (Lingo, magicJack, Marconi Wireless, and UOL) exceeded expectations, delivering high quality earnings and strong cash flows. And, the investment holdings portfolio appreciated meaningfully with improving underlying fundamentals going into 2026.
Transitioning to the 2026 outlook, Riley added: "We enter 2026 with a great opportunity to expand our capacity to serve clients, drive earnings across our operating businesses, increase our investment portfolio value, drive down corporate costs, and continue to reduce debt. We have unique middle market and small cap market experiences and capabilities to deliver complex, specialized capital solutions, advise companies, and acquire businesses. With many operating distractions resolved in 2025, we are positioned to capitalize on market opportunities while we drive enterprise-wide efficiencies.
"As we approach our 30th year in business, we wanted to congratulate our team on a great year and look to continue to leverage their agility and determination to serve our clients and shareholders."
BRC Fourth Quarter and Full Year 2025 Financial Results Summary
Three Months Ended | Twelve Months Ended | |||||||
(Dollars in thousands, except for share data) | 2025 | 2024 | 2025 | 2024 | ||||
Net income (loss) available to common shareholders | $ 84,821 | $ 877 | $ 299,355 | $ (772,334) | ||||
Basic income (loss) per common share | $ 2.77 | $ 0.02 | $ 9.80 | $ (25.46) | ||||
Diluted income (loss) per common share | $ 2.77 | $ 0.02 | $ 9.80 | $ (25.46) | ||||
Three Months Ended | Twelve Months Ended | |||||||
(Dollars in thousands) | 2025 | 2024 | 2025 | 2024 | ||||
Operating Revenues (1) | $ 224,673 | $ 255,940 | $ 890,833 | $ 1,150,226 | ||||
Investment Gains (Losses) (2) | 53,690 | (77,358) | 76,766 | (403,805) | ||||
Total Revenues | $ 278,363 | $ 178,582 | $ 967,599 | $ 746,421 | ||||
Total Adjusted EBITDA (3) | $ 104,213 | $ (113,838) | $ 231,115 | $ (568,292) | ||||
Operating Adjusted EBITDA (4) | $ 20,473 | $ 15,210 | $ 112,088 | $ 100,903 | ||||
Segment Operations Fourth Quarter and Full Year 2025 Financial Results Summary
Three Months Ended | Twelve Months Ended | |||||||
(Dollars in thousands) | 2025 | 2024 | 2025 | 2024 | ||||
Segment Revenues | ||||||||
Capital Markets | $ 92,588 | $ 48,364 | $ 264,712 | $ 217,668 | ||||
Wealth Management | 47,270 | 48,032 | 175,572 | 200,746 | ||||
Lingo | 42,998 | 41,878 | 164,148 | 195,886 | ||||
magicJack | 9,025 | 10,163 | 37,934 | 42,845 | ||||
Marconi Wireless | 7,937 | 10,078 | 34,784 | 41,207 | ||||
UOL | 3,008 | 3,769 | 13,145 | 15,133 | ||||
Consumer Products | 49,186 | 49,858 | 181,540 | 202,597 | ||||
Segment Income (Loss) | ||||||||
Capital Markets | $ 53,230 | $ 3,836 | $ 89,486 | $ (18,783) | ||||
Wealth Management | 7,651 | 2,303 | 15,246 | 6,430 | ||||
Lingo | 3,846 | 1,379 | 13,136 | 326 | ||||
magicJack | 4,253 | 4,265 | 18,567 | 18,431 | ||||
Marconi Wireless | 3,302 | 1,782 | 9,410 | 9,833 | ||||
UOL | 1,421 | 1,864 | 6,302 | 5,728 | ||||
Consumer Products | (3,970) | (16,145) | (16,345) | (52,367) | ||||
The Company's former Communication segment has been separated into four reportable segments, which are aggregated and described as the Communications Business Group. The Capital Markets segment had a few investment entities reclassified as non-reportable segments. These entities are now captured in Corporate and All Other.
Fourth Quarter and Full Year 2025 Earnings Call
Management will provide a detailed review of the Company's financial performance and operational highlights, followed by a question-and-answer session with analysts and investors.
Date: Tuesday, March 31, 2026
Time: 4:30 p.m. ET (1:30 p.m. PT)
Register for the call at https://evercall.co/oacc/83354 or on the Company's website at ir.brcgh.com under Events and Presentations. An audio recording will be made available for replay until April 14, 2026.
About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, communications, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and 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 retail businesses provide mobile computing accessories and home furnishings. BRCGH 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.
Note Regarding Use of Non-GAAP Financial Measures
Certain of the information set forth herein, including Operating Revenue, Investment Gains (Losses), Adjusted EBITDA, Operating Adjusted EBITDA, Total Investments, and Net Debt, may be considered non-GAAP financial measures. BRC Group Holdings, Inc. believes this information is useful to investors because it provides a basis for measuring the Company's available capital resources, the operating performance of its business and its revenues and cash flow, (i) including in the case of Operating Revenue, services and fees, interest income – loans, interest income - securities lending, fixed income spread, trading gains attributable to variable rate transaction spread, and sales of goods. (ii) including in the case of Investment Gains (Losses), trading gains (losses), net and fair value adjustments on loans, less fixed income spread and trading gains attributable to variable rate transaction spread (iii) excluding in the case of Adjusted EBITDA, net interest expense, provisions for or benefit from income taxes, depreciation, amortization, restructuring charge, gain or loss on extinguishment of debt, gain on bargain purchase, gain on sale and deconsolidation of businesses, gain on senior note exchange, impairment of goodwill and tradenames, share-based compensation and transaction related and other costs, (iv) excluding in the case of Operating Adjusted EBITDA, the aforementioned adjustments for adjusted EBITDA as well as trading gains (losses), net, net of fixed income and variable rate transaction spread, fair value adjustments on loans, realized and unrealized gains (losses) on investments net of variable rate transaction spread, and other investment related expenses, (v) including in the case of Total Investments, securities and other investments owned net of (a) securities sold not yet purchased, at fair value and (b) noncontrolling interest related to investments from continuing operations, loans receivable, at fair value net of loan participations sold, equity investments, and other investments reported in prepaid and other assets, (vi) including in the case of Net Debt, term loans, net, senior notes payable, net, revolving credit facility, and notes payable net of (a) cash and cash equivalents, (b) restricted cash, (c) due from clearing brokers net of due to clearing brokers, and (d) aforementioned included items of Total Investments, that would normally be included in the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles ("GAAP"). In addition, the Company's management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating the Company's operating performance, management compensation, capital resources, and cash flow. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and non-financial measures as reported by the Company may not be comparable to similarly titled amounts reported by other companies.
Footnotes
See "Note Regarding Use of Non-GAAP Financial Measures" for further discussion of these non-GAAP terms. A reconciliation of Operating Revenues, Adjusted EBITDA, Operating Adjusted EBITDA, Total Investments, and Net Debt to the comparable GAAP financial measures is included in the financial statements portion of this press release.
(1) | Operating Revenues is defined as the sum of (i) service and fees, (ii) interest income – loans, (iii) interest income - securities lending, (iv) fixed income spread, (v) trading gains attributable to variable rate transaction spread, and (vi) sales of goods. | ||
(2) | Investment Gains (Losses) is defined as sum of (i) trading gains (losses), net and (ii) fair value adjustments on loans, less fixed income spread and trading gains attributable to variable rate transaction spread. | ||
(3) | Adjusted EBITDA includes earnings from continuing operations before interest, taxes, depreciation, amortization, restructuring charge, share-based payments, gain or loss on extinguishment of debt, gain on bargain purchase, gain on sale and deconsolidation of businesses, gain on senior note exchange, impairment of goodwill and tradenames, and transaction related and other costs. | ||
(4) | Operating Adjusted EBITDA is defined as Adjusted EBITDA excluding (i) trading gains (losses), net, net of (a) fixed income and variable rate transaction spread, (ii) fair value adjustments on loans, (iii) realized and unrealized gains (losses) on investments net of variable rate transaction spread, and (iv) other investment-related expenses. | ||
(5) | Net Debt is defined as the sum of (a) term loans, net, (b) senior notes payable, net, (c) revolving credit facility, and (d) notes payable, net of (i) cash and cash equivalents, (ii) restricted cash, (iii) due from clearing brokers net of due to clearing brokers, and (iv) Total Investments. | ||
(6) | Total Investments is defined as the sum of (a) securities and other investments owned net of (i) securities sold not yet purchased, at fair value and (ii) noncontrolling interest related to investments from continuing operations, (b) loans receivable, at fair value net of loan participations sold, (c) equity investments, and (d) other investments reported in prepaid and other assets. |
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. Our forward-looking statements include, without limitation, statements regarding our ability to reduce debt, expectations regarding our future business and expected revenue growth and the appreciation of our investment portfolio. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. The Company assumes no duty to update forward-looking statements, except as required by law. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2025 Annual Report on Form 10-K under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.
BRC GROUP HOLDINGS, INC. | |||
Consolidated Balance Sheets | |||
(Dollars in thousands, except share and par value) | |||
December 31, | December 31, | ||
Assets | |||
Assets: | |||
Cash and cash equivalents | $ 226,601 | $ 146,852 | |
Restricted cash | 2,676 | 100,475 | |
Due from clearing brokers | 51,000 | 30,713 | |
Securities and other investments owned ($382,461 and $215,225 at fair value) | 446,843 | 282,325 | |
Securities borrowed | 114,937 | 43,022 | |
Accounts receivable, net of allowance for credit losses of $6,108 and $6,100 | 55,473 | 68,653 | |
Due from related parties | — | 189 | |
Loans receivable, at fair value ($2,835 and $51,902 from related parties) | 26,303 | 90,103 | |
Equity investments | 90,433 | 85,487 | |
Prepaid expenses and other assets ($— and $3,449 from related parties) | 128,650 | 157,429 | |
Operating lease right-of-use assets | 32,109 | 51,509 | |
Property and equipment, net | 17,606 | 18,679 | |
Goodwill | 392,687 | 392,687 | |
Other intangible assets, net | 118,290 | 146,446 | |
Deferred income taxes | 763 | 13,598 | |
Assets held for sale | — | 84,723 | |
Assets of discontinued operations | 2,221 | 70,373 | |
Total assets | $ 1,706,592 | $ 1,783,263 | |
Liabilities and Equity (Deficit) | |||
Liabilities: | |||
Accounts payable | $ 41,463 | $ 51,238 | |
Accrued expenses and other liabilities ($6,400 and $— at fair value) | 154,780 | 185,745 | |
Deferred revenue | 49,907 | 58,148 | |
Deferred income taxes | 4,109 | 5,462 | |
Due to related parties and partners | — | 3,404 | |
Securities sold not yet purchased, at fair value | 9,809 | 5,675 | |
Securities loaned | 97,321 | 27,942 | |
Operating lease liabilities | 40,902 | 58,499 | |
Notes payable | — | 28,021 | |
Loan participations sold | — | 6,000 | |
Revolving credit facility | 6,638 | 16,329 | |
Term loans, net | 119,297 | 199,429 | |
Senior notes payable, net | 1,301,798 | 1,530,561 | |
Liabilities held for sale | — | 41,505 | |
Liabilities of discontinued operations | 830 | 21,321 | |
Total liabilities | 1,826,854 | 2,239,279 | |
BRC Group Holdings, Inc. stockholders' equity (deficit): | |||
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 shares issued and | — | — | |
Common stock, $0.0001 par value; 100,000,000 shares authorized; 30,597,066 and | 3 | 3 | |
Additional paid-in capital | 598,022 | 589,387 | |
Accumulated deficit | (763,286) | (1,070,996) | |
Accumulated other comprehensive loss | (6,272) | (6,569) | |
Total BRC Group Holdings, Inc. stockholders' deficit | (171,533) | (488,175) | |
Noncontrolling interests | 51,271 | 32,159 | |
Total deficit | (120,262) | (456,016) | |
Total liabilities and deficit | $ 1,706,592 | $ 1,783,263 | |
BRC GROUP HOLDINGS, INC. | |||||||
Consolidated Statements of Operations | |||||||
(Dollars in thousands, except share and per share data) | |||||||
Three Months Ended | Twelve Months Ended | ||||||
2025 | 2024 | 2025 | 2024 | ||||
(Unaudited) | (Unaudited) | ||||||
Revenues: | |||||||
Services and fees (includes $3,375 and $10,773 for the three months | $ 158,557 | $ 191,741 | $ 633,836 | $ 783,304 | |||
Trading gains (losses), net | 61,009 | (6,781) | 125,530 | (57,007) | |||
Fair value adjustments on loans (includes $5,246 and $(63,159) for the | 5,549 | (66,238) | (448) | (325,498) | |||
Interest income - loans (includes $92 and $(1,689) for the three months | 1,431 | 2,247 | 10,574 | 54,141 | |||
Interest income - securities lending | 1,506 | 1,248 | 6,993 | 70,862 | |||
Sale of goods | 50,311 | 56,365 | 191,114 | 220,619 | |||
Total revenues | 278,363 | 178,582 | 967,599 | 746,421 | |||
Operating expenses: | |||||||
Direct cost of services | 32,210 | 45,893 | 139,417 | 213,901 | |||
Cost of goods sold | 38,517 | 48,737 | 145,364 | 167,634 | |||
Selling, general and administrative expenses | 146,099 | 171,381 | 599,748 | 689,410 | |||
Restructuring charge | (310) | 597 | 195 | 1,522 | |||
Impairment of goodwill and tradenames | — | 77,692 | 1,500 | 105,373 | |||
Interest expense - Securities lending and loan participations sold | 1,013 | 1,073 | 5,794 | 66,128 | |||
Total operating expenses | 217,529 | 345,373 | 892,018 | 1,243,968 | |||
Operating income (loss) | 60,834 | (166,791) | 75,581 | (497,547) | |||
Other income (expense): | |||||||
Interest income | 241 | 708 | 3,710 | 3,600 | |||
Dividend income | 997 | 323 | 1,818 | 4,462 | |||
Realized and unrealized gains (losses) on investments | 34,246 | (51,324) | 62,718 | (263,686) | |||
Change in fair value of financial instruments and other | 1,857 | 4,471 | 11,349 | 4,471 | |||
(Loss) gain on sale and deconsolidation of businesses | — | (484) | 86,213 | 306 | |||
Gain on senior note exchange | — | — | 67,208 | — | |||
Income from equity investments | 752 | 19 | 34,996 | 31 | |||
Gain (loss) on extinguishment of debt | 345 | (12,945) | (21,298) | (18,725) | |||
Interest expense | (20,051) | (31,113) | (92,736) | (133,308) | |||
Income (loss) from continuing operations before income taxes | 79,221 | (257,136) | 229,559 | (900,396) | |||
Benefit from (provision for) income taxes | 11,079 | (4,210) | 9,885 | (22,013) | |||
Income (loss) from continuing operations | 90,300 | (261,346) | 239,444 | (922,409) | |||
Income from discontinued operations, net of income taxes | — | 255,740 | 70,841 | 147,470 | |||
Net income (loss) | 90,300 | (5,606) | 310,285 | (774,939) | |||
Net income (loss) attributable to noncontrolling interests | 3,464 | (8,498) | 2,870 | (10,665) | |||
Net income (loss) attributable to BRC Group Holdings, Inc. | 86,836 | 2,892 | 307,415 | (764,274) | |||
Preferred stock dividends | 2,015 | 2,015 | 8,060 | 8,060 | |||
Net income (loss) available to common shareholders | $ 84,821 | $ 877 | $ 299,355 | $ (772,334) | |||
Basic net income (loss) per common share: | |||||||
Continuing operations | $ 2.77 | $ (8.36) | $ 7.48 | $ (30.38) | |||
Discontinued operations | — | 8.38 | 2.32 | 4.92 | |||
Basic income (loss) per common share | $ 2.77 | $ 0.02 | $ 9.80 | $ (25.46) | |||
Diluted net income (loss) per common share: | |||||||
Continuing operations | $ 2.77 | $ (8.36) | $ 7.48 | $ (30.38) | |||
Discontinued operations | — | 8.38 | 2.32 | 4.92 | |||
Diluted income (loss) per common share | $ 2.77 | $ 0.02 | $ 9.80 | $ (25.46) | |||
Weighted average basic common shares outstanding | 30,597,066 | 30,499,931 | 30,555,258 | 30,336,274 | |||
Weighted average diluted common shares outstanding | 30,597,066 | 30,499,931 | 30,555,258 | 30,336,274 | |||
BRC GROUP HOLDINGS, INC. | |||||||
Operating Revenues Reconciliation | |||||||
(Unaudited) | |||||||
(Dollars in thousands) | |||||||
Three Months Ended | Twelve Months Ended | ||||||
2025 | 2024 | 2025 | 2024 | ||||
Total revenues | $ 278,363 | $ 178,582 | $ 967,599 | $ 746,421 | |||
Operating revenues adjustments: | |||||||
Trading (gains) losses, net | (61,009) | 6,781 | (125,530) | 57,007 | |||
Fair value adjustments on loans | (5,549) | 66,238 | 448 | 325,498 | |||
Fixed income and trading gains attributable to variable rate | 12,868 | 4,339 | 48,316 | 21,300 | |||
Total operating revenue adjustments | (53,690) | 77,358 | (76,766) | 403,805 | |||
Operating revenues | $ 224,673 | $ 255,940 | $ 890,833 | $ 1,150,226 | |||
BRC GROUP HOLDINGS, INC | |||||||
Adjusted EBITDA and Operating Adjusted EBITDA Reconciliations | |||||||
(Unaudited) | |||||||
(Dollars in thousands) | |||||||
Three Months Ended | Twelve Months Ended | ||||||
2025 | 2024 | 2025 | 2024 | ||||
Net income (loss) attributable to BRC Group Holdings, Inc. | $ 86,836 | $ 2,892 | $ 307,415 | $ (764,274) | |||
Income from discontinued operations, net of income taxes | 0 | 255,740 | 70,841 | 147,470 | |||
Net (income) loss attributable to noncontrolling interests | (3,464) | 8,498 | (2,870) | 10,665 | |||
Income (loss) from continuing operations | 90,300 | (261,346) | 239,444 | (922,409) | |||
EBITDA Adjustments: | |||||||
Net (income) loss from continuing operations attributable to | (3,464) | 8,523 | (2,870) | 8,920 | |||
(Benefit from) provision for income taxes | (11,079) | 4,210 | (9,885) | 22,013 | |||
Interest expense | 20,051 | 31,113 | 92,736 | 133,308 | |||
Interest income | (241) | (708) | (3,710) | (3,600) | |||
Share based payments | 2,955 | 2,063 | 12,936 | 17,437 | |||
Depreciation and amortization | 7,942 | 11,175 | 35,021 | 44,932 | |||
Restructuring charge | (310) | 597 | 195 | 1,522 | |||
Loss (gain) on sale and deconsolidation of businesses | 0 | 484 | (86,213) | (306) | |||
Gain on senior note exchange | 0 | 0 | (67,208) | — | |||
(Gain) loss on extinguishment of debt | (345) | 12,945 | 21,298 | 18,725 | |||
Impairment of goodwill and tradenames | 0 | 77,692 | 1,500 | 105,373 | |||
Transactions related costs and other | (1,596) | (586) | (2,129) | 5,793 | |||
Total EBITDA adjustments | 13,913 | 147,508 | (8,329) | 354,117 | |||
Adjusted EBITDA | $ 104,213 | $ (113,838) | $ 231,115 | $ (568,292) | |||
Operating EBITDA Adjustments: | |||||||
Trading (gains) losses, net | (61,009) | 6,781 | (125,530) | 57,007 | |||
Fair value adjustments on loans | (5,549) | 66,238 | 448 | 325,498 | |||
Realized and unrealized (gains) losses on investments | (34,246) | 51,324 | (62,718) | 263,686 | |||
Fixed income and variable rate transaction spread | 17,371 | 4,339 | 69,870 | 21,300 | |||
Other investment related expenses | (307) | 366 | (1,097) | 1,704 | |||
Total Operating EBITDA Adjustments | (83,740) | 129,048 | (119,027) | 669,195 | |||
Operating Adjusted EBITDA | $ 20,473 | $ 15,210 | $ 112,088 | $ 100,903 | |||
BRC GROUP HOLDINGS, INC. | |||
Total Investments and Net Debt Reconciliation | |||
(Unaudited) | |||
(Dollars in thousands) | |||
December 31, | December 31, | ||
Cash, cash equivalents, and restricted cash | $ 229,277 | $ 247,327 | |
Due from clearing brokers | 51,000 | 30,713 | |
Securities and other investments owned | 446,843 | 282,325 | |
Securities sold not yet purchased, at fair value | (9,809) | (5,675) | |
Loans receivable, at fair value | 26,303 | 90,103 | |
Loans participations sold | — | (6,000) | |
Equity investments | 90,433 | 85,487 | |
Other investments reported in prepaid and other assets | — | 14,593 | |
Noncontrolling interest | (33,305) | (28,217) | |
Total investments | 520,465 | 432,616 | |
Notes payable | — | 28,021 | |
Revolving credit facility | 6,638 | 16,329 | |
Term loans, net | 119,297 | 199,429 | |
Senior notes payable, net | 1,301,798 | 1,530,561 | |
Total debt | 1,427,733 | 1,774,340 | |
Net debt | $ 626,991 | $ 1,063,684 | |
BRC GROUP HOLDINGS, INC. | |||||
Preliminary Estimates vs. Actual Financial Results | |||||
(Unaudited) | |||||
(Dollars in thousands, except share and per share data) | |||||
Preliminary Estimate | |||||
Three Months Ended | Three Months Ended | ||||
2025 | 2025 | ||||
Low | High | Actual | |||
Total revenues | $ 271,000 | $ 282,500 | $ 278,363 | ||
Total operating expenses | 216,500 | 220,600 | 217,529 | ||
Other income | 18,500 | 23,500 | 18,387 | ||
Income from continuing operations | 65,000 | 72,400 | 90,300 | ||
Net income available to common shareholders | 60,000 | 65,400 | 84,821 | ||
Diluted income per common share | $ 1.96 | $ 2.14 | $ 2.77 | ||
Weighted average diluted common shares outstanding | 30,597,066 | 30,597,066 | 30,597,066 | ||
BRC GROUP HOLDINGS, INC. | |||||
Preliminary Estimates vs. Actual Financial Results | |||||
(Unaudited) | |||||
(Dollars in thousands, except share and per share data) | |||||
Preliminary Estimate | |||||
Twelve Months Ended | Twelve Months Ended | ||||
2025 | 2025 | ||||
Low | High | Actual | |||
Total revenues | $ 966,000 | $ 968,000 | $ 967,599 | ||
Total operating expenses | 897,000 | 892,000 | 892,018 | ||
Other income | 153,000 | 155,000 | 153,978 | ||
Income from continuing operations | 233,000 | 241,000 | 239,444 | ||
Net income available to common shareholders | 293,000 | 301,000 | 299,355 | ||
Diluted income per common share | $ 9.60 | $ 9.86 | $ 9.80 | ||
Weighted average diluted common shares outstanding | 30,555,258 | 30,555,258 | 30,555,258 | ||
Contacts
Investors
mfrank@brcgh.com
Media
efogerty@brcgh.com
View original content:https://www.prnewswire.com/news-releases/brc-group-holdings-inc-reports-fourth-quarter-and-full-year-2025-financial-results-302730566.html
SOURCE BRC Group Holdings, Inc.
Original: BRC Group Holdings, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
BRC Group Holdings, Inc. Launches BRC Specialty Finance
March 30, 2026 8:01 AM
PR Newswire (US)
Specialty Finance Platform to Provide Tailored Capital Solutions to Underserved Public Small-Cap and Middle-Market Companies
LOS ANGELES, March 30, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRCGH" or the "Company") today announced the launch of BRC Specialty Finance ("BRCSF"), a platform focused on addressing the short- and medium-term capital needs of underserved U.S. public companies, generally with market capitalizations under $1 billion.
BRCSF will provide these companies with flexible financing solutions ranging from $10 million to $100 million. The platform is designed to serve businesses overlooked by traditional lenders that retain meaningful enterprise value, public market access, and identifiable catalysts. Financing structures may be supported by a range of collateral and capital markets considerations.
Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH, said: "Small- and middle-market public companies need flexible, timely capital and a partner that understands both the credit profile and the equity story. Drawing on three decades of experience, we intend to deliver tailored solutions, often within compressed timeframes when timeliness is paramount."
The BRCSF Difference
BRCSF is differentiated by its public company focus, capital markets fluency, and solutions-oriented approach. Rather than applying a one-size-fits-all direct lending model, BRCSF structures financing around each borrower's capital structure, liquidity profile, and strategic objectives. The platform's ability to pair credit underwriting with real-time capital markets insights provides borrowers with greater flexibility at a time when many traditional financing sources have become more constrained.
Regarding the market opportunity for BRCSF, Riley added: "A large segment of the public small-cap and middle-market universe remains structurally underserved. As banks continue to reduce exposure to smaller issuers, regional lenders consolidate, and many private credit providers focus increasingly on larger borrowers, a meaningful gap has emerged in the capital needs of public companies. We believe this environment creates a significant opportunity for a platform like BRC Specialty Finance that can move quickly, structure to meet client needs, and bring both capital and market expertise to the table."
BRC Specialty Finance Platform Offering
BRCSF offers financing solutions including structured equity loans, bridge loans, special situations credit, and direct lending, which are designed to deliver flexible, responsive capital across a range of special situation financing requirements.
About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, communications, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and 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 retail businesses provide mobile computing accessories and home furnishings. BRCGH 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.
Contacts
Investors
Mike Frank
mfrank@brcgh.com
Media
Elizabeth Fogerty
efogerty@brcgh.com
View original content:https://www.prnewswire.com/news-releases/brc-group-holdings-inc-launches-brc-specialty-finance-302728541.html
SOURCE BRC Group Holdings, Inc.
Original: BRC Group Holdings, Inc. Launches BRC Specialty Finance
BRC Group Holdings, Inc. Announces Fourth Quarter and Full Year 2025 Earnings Call
March 17, 2026 4:01 PM
PR Newswire (US)
LOS ANGELES, March 17, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRCGH" or the "Company"), today announced that it will host its fourth quarter and full year 2025 earnings call on March 31, 2026 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results.
Fourth Quarter and Full Year 2025 Earnings Call
Management will provide a detailed review of the Company's financial performance and operational highlights, followed by a question-and-answer session with analysts and investors.
Date: | Tuesday, March 31, 2026 |
Time: | 4:30 p.m. ET (1:30 p.m. PT) |
Register for the call at https://evercall.co/oacc/83354 or on the Company's website at ir.brcgh.com under Events and Presentations. An audio recording will be made available for replay until April 14, 2026.
About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, telecom, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Our telecom businesses provide consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Our retail businesses provide mobile computing accessories and home furnishings. BRCGH 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.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. The Company assumes no duty to update forward-looking statements, except as required by law. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2024 Annual Report on Form 10-K, its Quarterly Report on Form 10-Q for the period ended March 31, 2025, its Quarterly Report on Form 10-Q for the period ended June 30, 2025 and its Quarterly Report on Form 10-Q for the period ended September 30, 2025 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.
Contacts
Investors
Mike Frank
mfrank@brcgh.com
Media
Elizabeth Fogerty
efogerty@brcgh.com
View original content:https://www.prnewswire.com/news-releases/brc-group-holdings-inc-announces-fourth-quarter-and-full-year-2025-earnings-call-302716431.html
SOURCE BRC Group Holdings, Inc.
Original: BRC Group Holdings, Inc. Announces Fourth Quarter and Full Year 2025 Earnings Call
BRC Group Holdings, Inc. Announces Retirement of Approximately $37.9 Million in Outstanding Debt Through Bond-for-Equity Exchanges and Repurchases
March 12, 2026 4:45 PM
PR Newswire (US)
Redemption of Approximately $96 Million of 5.50% Senior Notes due 2026 (RILYK) on March 30, 2026
Fourth Quarter and Full Year 2025 Financial Results to be Released by March 31, 2026
LOS ANGELES, March 12, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRCGH" or the "Company"), today announced a series of transactions with a long-time institutional investor pursuant to Section 3(a)(9) of the Securities Act of 1933, which will, upon closing of the final transaction, result in the cancellation of 1,343,551 units of its publicly-traded senior notes across multiple outstanding series in exchange for the issuance of an aggregate of 4,201,300 shares of the Company's common stock at an average price of $7.0933 per share.
In addition, the Company repurchased 171,703 units of its 5.0% senior notes due 2026 (RILYG) for approximately $4.0 million in cash. Upon closing of these transactions, these publicly-traded senior notes will no longer be outstanding. Upon closing of the final 3(a)(9) transaction scheduled for March 13, 2026, the Company's outstanding debt will be reduced by approximately $37.9 million.
As previously announced, on March 30, 2026, the Company will also redeem its 5.50% Senior Notes due 2026 (RILYK) in the aggregate principal amount of approximately $96 million.
Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH, said: "These senior note transactions, combined with continued appreciation in our investment portfolio, have further reduced our net debt position beyond the preliminary estimates communicated for December 31, 2025. We will continue to utilize multiple strategies to reduce debt and invest in our business.
"The Company values the enormous effort required by its team and business partners to file three Quarterly Reports on Form 10-Q between November 20, 2025 and January 14, 2026. Bringing these filings current while driving strong progress on our annual audit in an accelerated timeframe demonstrates the strength and resolve of our team — and positions us well for the road ahead. We look forward to discussing the Company and taking questions on the earnings call by the end of March."
With our new auditor onboarding late in September 2025, and the subsequent filing of the Quarterly Reports for Q1, Q2 and Q3 2025, the Company determined it requires additional time to complete and file its 2025 Annual Report. By filing the Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission ("SEC") by March 17, 2026, the deadline to file its Annual Report on Form 10-K will be automatically extended by 15 additional days. The Company expects to file its 2025 Annual Report on or before the extended deadline of March 31, 2026, and to announce the timing of its earnings release and earnings call next week.
No Offer or Solicitation
This press release does not constitute an offer to sell or exchange or a solicitation of an offer to buy or exchange any securities, nor shall it constitute an offer to sell, solicitation, exchange or sale of securities in any jurisdiction in which such an offer, solicitation, exchange or sale would be unlawful.
About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, telecom, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Our telecom businesses provide consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Our retail businesses provide mobile computing accessories and home furnishings. BRCGH 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.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. The Company assumes no duty to update forward-looking statements, except as required by law. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2024 Annual Report on Form 10-K, its Quarterly Report on Form 10-Q for the period ended March 31, 2025, its Quarterly Report on Form 10-Q for the period ended June 30, 2025 and its Quarterly Report on Form 10-Q for the period ended September 30, 2025 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.
Contacts
Investors
Mike Frank
mfrank@brcgh.com
Media
Elizabeth Fogerty
efogerty@brcgh.com
SOURCE BRC Group Holdings, Inc.
BRC Group Holdings, Inc. Announces Full Redemption of 5.50% Senior Notes due 2026
February 27, 2026 8:01 AM
PR Newswire (US)
LOS ANGELES, Feb. 27, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (f/k/a B. Riley Financial, Inc.) (Nasdaq: RILY) ("BRC" or the "Company"), today announced that it has called for the full redemption equal to $95,990,500 aggregate principal amount of its 5.50% Senior Notes due 2026 (the "Notes") on March 30, 2026 (the "Redemption Date").
The redemption price is equal to 100% of the aggregate principal amount, plus any accrued and unpaid interest up to, but excluding, the Redemption Date, as set forth in each notice of redemption delivered to noteholders on February 27, 2026.
Interest on the Notes will cease to accrue on and after the Redemption Date. The Notes, which are listed on NASDAQ under the ticker symbol "RILYK," will be delisted and cease trading on the Redemption Date.
Investors in the Notes should contact the bank or broker through which they hold a beneficial interest in the Notes for information about the Redemption Payment.
This press release is for informational purposes only and shall not constitute a notice of redemption of the Notes or an offer to purchase, or a solicitation of an offer to sell, any Notes or other securities.
About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, telecom, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Our telecom businesses provide consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Our retail businesses provide mobile computing accessories and home furnishings. BRC 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.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. The Company assumes no duty to update forward-looking statements, except as required by law. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2024 Annual Report on Form 10-K, its Quarterly Report on Form 10-Q for the period ended March 31, 2025, its Quarterly Report on Form 10-Q for the period ended June 30, 2025 and its Quarterly Report on Form 10-Q for the period ended September 30, 2025 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.
Contact | |
Investors | Media |
Mike Frank | Elizabeth Fogerty |
View original content:https://www.prnewswire.com/news-releases/brc-group-holdings-inc-announces-full-redemption-of-5-50-senior-notes-due-2026--302699570.html
SOURCE BRC Group Holdings, Inc.
Original: BRC Group Holdings, Inc. Announces Full Redemption of 5.50% Senior Notes due 2026
BRC Group Holdings, Inc. Restores Compliance with Nasdaq Periodic Filing Rule
January 28, 2026 2:15 PM
PR Newswire (US)
LOS ANGELES, Jan. 28, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (f/k/a B. Riley Financial, Inc.) (NASDAQ: RILY) ("BRC" or the "Company"), a diversified holding company, today announced that on January 27, 2026 the Company received a letter from The Nasdaq Stock Market LLC ("Nasdaq") confirming that it has regained compliance with Nasdaq's Periodic Filing Rule 5250(c)(1).
Consistent with the applicable Nasdaq Listing Rules in such circumstances, the notice also indicated that Nasdaq had imposed a "Mandatory Panel Monitor" as that term is defined in Nasdaq Listing Rule 5815(d)(4)(B) for a period of one year. In the event the Company fails to timely satisfy the Periodic Filing Rule during such one-year period, the Company will not be afforded the opportunity to provide a compliance plan for the Nasdaq Listing Qualifications Staff's review. The Company would instead receive a Delist Determination Letter in response to which the Company could request a hearing and stay of the delist determination pending a hearing before a Hearings Panel.
About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, telecom, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Our telecom businesses provide consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Our retail businesses provide mobile computing accessories and home furnishings. BRC 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.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. The Company assumes no duty to update forward-looking statements, except as required by law. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2024 Annual Report on Form 10-K, its Quarterly Report on Form 10-Q for the period ended March 31, 2025, its Quarterly Report on Form 10-Q for the period ended June 30, 2025 and its Quarterly Report on Form 10-Q for the period ended September 30, 2025 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.
Contacts
Investors
Mike Frank
mfrank@brcgh.com
Media
Elizabeth Fogerty
efogerty@brcgh.com
View original content:https://www.prnewswire.com/news-releases/brc-group-holdings-inc-restores-compliance-with-nasdaq-periodic-filing-rule-302672669.html
SOURCE BRC Group Holdings, Inc.
Original: BRC Group Holdings, Inc. Restores Compliance with Nasdaq Periodic Filing Rule
$5.76 I believe rily is an absolute TURD! Puts for me...
I'm in today RILY. GLTA !
Too late to get in?
RILY Watch for a breakout above 8$ 60% Float Sold Short squeeze Coming this could see 10$+ or higher
RILY Over 60% Float Sold Short watch for a short squeeze back to the upside Company has over 3 Billion in Cash
fast and steady profit scan RILY bullish 13.36
normal chart
log chart
$GAMR recent news/filings
bullish
## source: finance.yahoo.com
Fri, 04 Jul 2014 17:04:10 GMT ~ GREAT AMERICAN GROUP, INC. Financials
read full: http://finance.yahoo.com/q/is?s=gamr
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Tue, 01 Jul 2014 01:26:19 GMT ~ Great American Group Stock Has Resumed Trading Under Symbol GAMR
[at noodls] - WOODLAND HILLS, Calif., June 30, 2014 /PRNewswire/ -- Great American Group, Inc. (GAMR) announced today that its common stock has resumed trading under the symbol "GAMR". This follows a period ...
read full: http://www.noodls.com/view/5589D1A2FD8BA9D269780F5C29F6787AFE966B7F
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Mon, 30 Jun 2014 21:53:00 GMT ~ Great American Group Stock Has Resumed Trading Under Symbol GAMR
[PR Newswire] - WOODLAND HILLS, Calif., June 30, 2014 /PRNewswire/ -- Great American Group, Inc. (OTCBB: GAMR) announced today that its common stock has resumed trading under the symbol "GAMR". This follows ...
read full: http://finance.yahoo.com/news/great-american-group-stock-resumed-215300509.html
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Tue, 24 Jun 2014 13:05:00 GMT ~ Daniel Williams Joins Great American Group as Managing Director of its Advisory and Valuation Services Division
[PR Newswire] - NEW YORK, June 24, 2014 /PRNewswire/ -- Great American Group, Inc. (GAMR) (GAMRD), today announced the appointment of Daniel Williams as Managing Director of its Advisory and Valuation Services division. Williams has 20 years of experience in asset based lending which he will use to benefit the Company's clients. Each day Dan will be in market, supplementing our existing coverage of Ryan Mulcunry and Michael Petruski," said Great American Group CEO of Advisory and Valuation Services, Lester Friedman. He continued, "We see immense growth potential in New York and Dan will be instrumental in leading a team of professionals to service the world's largest financial market."
read full: http://finance.yahoo.com/news/daniel-williams-joins-great-american-130500759.html
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Wed, 18 Jun 2014 22:32:49 GMT ~ Great American Group and B. Riley & Co. Combination Complete
[at noodls] - WOODLAND HILLS, Calif. and LOS ANGELES, June 18, 2014 /PRNewswire/ -- Great American Group, Inc. (OTCBB: GAMR) (OTCBB: GAMRD) ("Great American Group"), a leading provider of asset disposition ...
read full: http://www.noodls.com/view/4A1AD828D0F19B00949D77BD3B6EB384D7193F27
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$GAMR charts
basic chart ## source: stockcharts.com
basic chart ## source: eoddata.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$GAMR company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/GAMR/company-info
Ticker: $GAMR
OTC Market Place: OTCQB
CIK code: 0001464790
Company name: Great American Group Inc.
Company website: http://www.greatamerican.com
Incorporated In: DE, USA
Business Description: Great American Group is a leading provider of asset disposition, valuation and appraisal services to a wide range of retail, wholesale and industrial clients, as well as lenders, capital providers, private equity investors and professional service firms.
$GAMR share structure
## source: otcmarkets.com
Market Value: $12,001,192 a/o Jul 16, 2014
Shares Outstanding: 1,500,149 a/o Jun 03, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
$GAMR extra dd links
Company name: Great American Group Inc.
Company website: http://www.greatamerican.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=GAMR+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=GAMR+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=GAMR+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/news - http://finance.yahoo.com/q/h?s=GAMR+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/GAMR/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=GAMR+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/GAMR
DTCC (dtcc.com): http://search2.dtcc.com/?q=Great+American+Group+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Great+American+Group+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Great+American+Group+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.greatamerican.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.greatamerican.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.greatamerican.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/GAMR
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001464790&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=GAMR&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=GAMR
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=GAMR+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=GAMR+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=GAMR
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=GAMR
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=GAMR+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/GAMR/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=GAMR+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/GAMR.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=GAMR
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/GAMR
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/GAMR
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/GAMR:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=GAMR
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=GAMR
$GAMR DD Notes ~ http://www.ddnotesmaker.com/GAMR
a11k
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Wall Street closed broadly higher on Friday as two major storylines captured investor attention: the historic debut of SpaceX on the Nasdaq and mounting optimism that the United States and Iran are on the verge of a deal that would reopen the Strait of Hormuz. The combination of a record-breaking IPO and the prospect of […]
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