BRC Group Holdings, Inc.
- Open
- 6.99
- Day high
- 7.02
- Day low
- 6.79
- Prev close
- 7.05
- Volume
- 497K
- Mkt cap
- $278M
- P/E (TTM)
- 0.5
- EPS (TTM)
- $13.33
- P/B
- 2.0
- P/S
- 0.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$1.8M over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
BRC Group Holdings, Inc. (RILY) is a Financial Services company listed on NASDAQ. The stock is up 25% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
BRC Group Holdings, Inc. (RILY) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RILY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | — | $0.45 | — | $247M | — |
| May 7, 2026 | — | $6.57 | — | $451M | — |
| Dec 15, 2025 | — | $0.77 | — | $265M | — |
| Aug 13, 2025 | — | $-7.74 | — | $235M | — |
| May 16, 2025 | — | $-0.86 | — | $186M | — |
| Feb 21, 2025 | — | $-4.97 | — | $268M | — |
| Nov 25, 2024 | — | $-9.32 | — | $271M | — |
| May 15, 2024 | — | $-1.71 | — | $343M | — |
| Feb 29, 2024 | — | $-1.86 | — | $343M | — |
| May 4, 2023 | — | $0.51 | — | $432M | — |
| Feb 22, 2023 | — | $-1.46 | — | $492M | — |
| Nov 3, 2022 | — | $2.64 | — | $312M | — |
RILY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 1, 2026 | Forman Alan Nother: See Remarks | Tax | 2,853 | $8.18 |
| Jun 16, 2026 | RILEY BRYANT Rdirector, 10 percent owner, officer: Chairman and Co-CEO | Sell | 195,492 | $9.00 |
| May 15, 2026 | Forman Alan Nofficer: EVP, General Counsel, Sec | Sell | 79,445 | $8.56 |
| May 15, 2026 | Forman Alan Nofficer: EVP, General Counsel, Sec | Sell | 20,555 | $8.58 |
| Apr 15, 2026 | Forman Alan Nofficer: EVP, General Counsel, Sec | Tax | 3,741 | $7.23 |
| Apr 15, 2026 | WEITZMAN HOWARDofficer: SVP, Chief Accounting Officer | Tax | 4,861 | $7.23 |
| Apr 15, 2026 | KELLEHER THOMAS J /ADVofficer: Co-CEO | Tax | 22,440 | $7.23 |
| Apr 15, 2026 | RILEY BRYANT Rdirector, 10 percent owner, officer: Chairman and Co-CEO | Tax | 17,059 | $7.23 |
| Apr 7, 2026 | Walters Mariandirector | Grant | 3,660 | — |
| Apr 7, 2026 | Labran Renee Edirector | Grant | 3,660 | — |
| Apr 7, 2026 | Brandt Tamara Suedirector | Grant | 3,660 | — |
| Apr 7, 2026 | PAULSON RANDALL Edirector | Grant | 33,064 | — |
| Apr 7, 2026 | PAULSON RANDALL Edirector | Grant | 3,660 | — |
| Apr 7, 2026 | D Agostino Robert Pdirector | Grant | 14,695 | — |
| Apr 7, 2026 | PAULSON RANDALL Edirector | Grant | 14,695 | — |
Source: RILY SEC Form 4 filings, latest Jul 1, 2026. For informational purposes only — not investment advice.
See the full RILY insider & 13F page →BRC Group Holdings, Inc. company profile
Overview
B. Riley Financial, Inc. (NASDAQ:RILY) is a diversified financial services conglomerate founded in 1973 and headquartered in Los Angeles, California. Originally known as Great American Group, the company rebranded to B. Riley Financial in 2014 following its strategic transformation from primarily an auction and liquidation business into a multi-faceted financial services platform. The company went public in 2007 and has since grown through acquisitions and organic expansion to serve corporate, institutional, and high net worth clients across North America, Australia, and Europe. B. Riley operates as a holding company with multiple subsidiaries offering investment banking, wealth management, advisory services, and various specialty financial services.
Business
B. Riley Financial operates as a diversified financial services conglomerate across six primary business segments, each serving different market needs and client bases. The Capital Markets segment represents the company's investment banking and securities business, providing services such as merger and acquisition advisory, corporate finance, equity research, sales and trading, and securities lending. This division serves middle-market companies and institutional clients, facilitating capital raising through initial public offerings, secondary offerings, and private placements. The segment also includes asset management services and proprietary trading activities. The Wealth Management segment offers comprehensive wealth management and tax services to high net worth individuals and families. This business manages approximately $25.8 billion in assets under management and provides financial planning, investment advisory, and tax preparation services. The segment generates revenue through management fees based on assets under management and various service fees. The Auction and Liquidation segment, operating primarily through Great American Group, specializes in retail store liquidations and wholesale/industrial asset disposition services. This business helps retailers and manufacturers liquidate inventory and assets during restructuring, bankruptcy, or business closure situations. The segment serves as an intermediary between distressed companies and buyers seeking discounted merchandise or equipment. The Financial Consulting segment provides specialized advisory services including bankruptcy consulting, forensic accounting, litigation support, operations management, real estate consulting, and valuation and appraisal services. This division serves corporations, law firms, and government entities requiring expert financial analysis and advisory services during complex transactions or legal proceedings. The Principal Investments-Communications segment encompasses various technology and communication investments, including consumer internet access services through NetZero and Juno brands, VoIP communication products through magicJack, and mobile phone services through Marconi Wireless. This segment represents the company's investment in consumer-facing technology businesses. The Brands segment manages a portfolio of licensed fashion and lifestyle brands including Catherine Malandrino, English Laundry, Joan Vass, Kensie Girl, Limited Too, and Nanette Lepore. This business generates revenue through brand licensing agreements and royalty payments from manufacturers and retailers using these brand names. Based on recent financial reports, the Capital Markets segment typically generates the largest portion of revenue, followed by Wealth Management and Communications segments, though exact revenue breakdowns vary by quarter due to the cyclical nature of investment banking activities.
Revenue model
B. Riley Financial employs multiple revenue models across its diversified business segments, creating various income streams from different customer bases and market activities. The Capital Markets segment generates revenue primarily through transaction fees and commissions from investment banking services such as M&A advisory, underwriting fees from public offerings, and trading commissions from institutional clients. The segment also earns recurring management fees from asset management services and interest income from securities lending activities. Revenue in this segment is highly cyclical and dependent on market conditions, deal flow, and trading volumes. The Wealth Management segment operates on a fee-based model, earning management fees typically ranging from 0.5% to 2% annually on assets under management, plus additional fees for financial planning and tax services. This segment provides more predictable recurring revenue compared to the transaction-based Capital Markets business. The Auction and Liquidation segment earns revenue through commission-based arrangements with distressed retailers and manufacturers, typically charging a percentage of the liquidation proceeds. The Financial Consulting segment charges hourly professional service fees and project-based fees for specialized advisory work. The Principal Investments-Communications segment generates revenue through subscription fees from internet and communication services, while the Brands segment earns licensing royalties based on sales of products using the licensed brand names. Several factors significantly impact B. Riley's margins and profitability. Market volatility and economic conditions directly affect Capital Markets revenue, as deal activity and trading volumes fluctuate with investor sentiment and corporate confidence. Interest rate environments influence both the company's lending activities and the attractiveness of fee-based wealth management services compared to fixed-income alternatives. Retail industry health affects the Auction and Liquidation segment, as more retail bankruptcies and closures create more business opportunities. Competition from larger investment banks and wealth management firms can pressure fee structures and market share. Regulatory changes in financial services can impact operating costs and business practices. The company's significant principal investments create additional volatility, as unrealized gains and losses on these positions can dramatically affect quarterly results, as evidenced by recent large write-downs on investments like Freedom VCM.
Competitive moat
B. Riley Financial operates in highly competitive financial services markets with limited sustainable competitive advantages or moats. The company's primary competitive positioning relies on its specialized focus on small and mid-cap companies, where it can compete more effectively against larger investment banks that may not prioritize smaller transactions. The company's diversified business model provides some defensive characteristics, as different segments may perform well during different economic cycles. For example, the Auction and Liquidation business may benefit during economic downturns when more companies face distress, while Capital Markets may perform better during economic expansions with increased deal activity. B. Riley's established relationships and reputation in specific niches, particularly in retail liquidation through Great American Group and middle-market investment banking, provide some client retention advantages. The Financial Consulting segment benefits from the specialized expertise and professional credentials of its staff, creating some barriers to client switching. However, the company faces significant competitive pressures and lacks strong structural moats. Large investment banks with greater capital resources can compete aggressively for middle-market deals when they choose to focus on this segment. Independent wealth management firms and robo-advisors continue to pressure fee structures in wealth management. The auction and liquidation business faces competition from specialized distressed asset firms and direct sales channels. The company's principal investment activities create additional risk rather than competitive advantage, as evidenced by recent significant write-downs. These investments tie up capital and create earnings volatility without necessarily generating sustainable competitive positioning. Overall, B. Riley operates in a relatively weak moat position, relying primarily on execution, relationships, and market positioning rather than structural competitive advantages.
Risks & safety
B. Riley Financial currently faces significant financial stress with a very limited margin of safety, presenting substantial solvency concerns. **Overall Assessment:** The company is in financial distress with negative book value and deteriorating fundamentals. **Solvency and Liquidity:** - Cash and short-term investments: $159 million (Q3 2024) - Total liabilities exceed total assets by approximately $426 million, indicating negative book value - Debt-to-equity ratio of -4.34 (negative due to negative equity) - Current ratio of 2.16 provides some short-term liquidity cushion - Operating cash flow positive at $19 million (Q3 2024) but insufficient to cover losses **Valuation Metrics:** - Market cap: approximately $91 million - Trading at significant discount to book value (negative book value) - Price-to-earnings ratio negative due to substantial losses - EV/EBITDA negative due to negative EBITDA **Other Considerations:** - Company has paused dividend payments to preserve cash - Substantial recent write-downs including $330-$370 million on Freedom VCM investment - SEC investigation ongoing related to former executive - Management exploring asset sales including Great American Group business - High leverage and principal investment losses create ongoing financial pressure
Recent development
Over the past few years, B. Riley Financial has undergone significant strategic changes while facing substantial operational and financial challenges. The company has been transitioning from a growth-through-acquisition strategy to a focus on core financial services, with management deciding to pause the dividend in 2024 to preserve capital and retire outstanding debt. A major strategic initiative has been the review of the Great American Group business for potential sale, with management retaining Moelis & Company to explore strategic alternatives for the appraisal and retail liquidation operations. This represents a significant shift as Great American was historically a core part of the company's identity before the transformation to B. Riley Financial. The company has made several strategic acquisitions to expand its advisory capabilities, including the purchase of Interface Consulting International in July 2024 and the earlier acquisition of Farber Group to expand advisory services in Canada. These moves align with management's focus on building recurring revenue streams in financial consulting and advisory services. However, the company has faced significant challenges with its principal investment portfolio, particularly large write-downs including a $330-$370 million impairment on its Freedom VCM investment in Q2 2024 and a $28 million impairment for Targus. These losses have dominated recent financial results and forced management to refocus on core operations rather than principal investing activities. Operational improvements have been achieved in several segments, with the Advisory Services business reaching record quarterly performance and the Wealth Management segment successfully integrating legacy operations and achieving cost savings. The Financial Consulting segment has shown consistent growth, with revenues increasing 35% in 2023 and 40% in Q1 2024. The company has also been addressing regulatory scrutiny, including cooperating with SEC subpoenas related to former executive Brian Kahn, while working to restore investor confidence through improved operational performance in core business segments.
RILY company profile · for informational purposes only — not investment advice.
Track RILY with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free