BRC Group Holdings, Inc. Financials

RILY

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows BRC Group Holdings, Inc. (RILY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

BRC Group Holdings, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.34x

For every $1 of reported earnings, BRC Group Holdings, Inc. generates $-0.34 in operating cash flow ($263.6M OCF vs -$764.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-3.6x

BRC Group Holdings, Inc. earns $-3.6 in operating income for every $1 of interest expense (-$475.7M vs $133.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$838.6M

YoY-42.8%

5Y CAGR+5.2%

10Y CAGR+27.0%

BRC Group Holdings, Inc. generated $838.6M in revenue in fiscal year 2024. This represents a decrease of 42.8% from the prior year.

EBITDA

-$430.3M

YoY-395.4%

BRC Group Holdings, Inc.'s EBITDA was -$430.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 395.4% from the prior year.

Free Cash Flow

N/A

Net Income

-$764.3M

YoY-665.0%

BRC Group Holdings, Inc. reported -$764.3M in net income in fiscal year 2024. This represents a decrease of 665.0% from the prior year.

EPS (Diluted)

$-25.46

YoY-590.0%

BRC Group Holdings, Inc. earned $-25.46 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 590.0% from the prior year.

Cash & Debt

$146.9M

YoY-34.1%

5Y CAGR+7.1%

10Y CAGR+21.1%

BRC Group Holdings, Inc. held $146.9M in cash against $1.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.00

YoY-75.0%

BRC Group Holdings, Inc. paid $1.00 per share in dividends in fiscal year 2024. This represents a decrease of 75.0% from the prior year.

Shares Outstanding

30M

YoY+1.9%

BRC Group Holdings, Inc. had 30M shares outstanding in fiscal year 2024. This represents an increase of 1.9% from the prior year.

Gross Margin

80.0%

YoY-8.2pp

5Y CAGR-18.8pp

10Y CAGR-1.7pp

BRC Group Holdings, Inc.'s gross margin was 80.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 8.2 percentage points from the prior year.

Operating Margin

-56.7%

YoY-63.3pp

5Y CAGR-82.3pp

10Y CAGR-47.1pp

BRC Group Holdings, Inc.'s operating margin was -56.7% in fiscal year 2024, reflecting core business profitability. This is down 63.3 percentage points from the prior year.

Net Margin

-91.1%

YoY-84.3pp

5Y CAGR-103.6pp

10Y CAGR-83.6pp

BRC Group Holdings, Inc.'s net profit margin was -91.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 84.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

YoY-100.0%

BRC Group Holdings, Inc. spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

RILY Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$838.6M-42.8%	$1.5B+56.0%	$939.5M-39.6%	$1.6B+86.4%	$834.2M+27.9%	$652.1M
Cost of Revenue	$167.6M-3.0%	$172.8M+184.5%	$60.8M+125.4%	$27.0M	N/A	$7.6M
Gross Profit	$671.0M-48.1%	$1.3B+47.1%	$878.7M-42.5%	$1.5B	N/A	$644.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$759.8M-0.7%	$764.9M+16.8%	$654.8M-27.7%	$906.2M+111.5%	$428.5M+11.2%	$385.2M
Operating Income	-$475.7M-595.3%	$96.1M+221.6%	$29.9M-94.2%	$514.5M+86.2%	$276.3M+65.8%	$166.7M
Interest Expense	$133.3M-14.7%	$156.2M+10.8%	$141.0M+52.5%	$92.5M+41.7%	$65.2M+30.0%	$50.2M
Income Tax	$22.1M+156.6%	-$39.1M+40.1%	-$65.3M-139.8%	$164.0M+117.3%	$75.4M+117.8%	$34.6M
Net Income	-$764.3M-665.0%	-$99.9M+37.5%	-$159.8M-135.9%	$445.1M+116.9%	$205.1M+151.4%	$81.6M
EPS (Diluted)	$-25.46-590.0%	$-3.69+38.0%	$-5.95-139.4%	$15.09+99.6%	$7.56	$2.95

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$277.9M+23.3%	$225.3M+21.1%	$186.1M+69.8%	$109.6M-57.2%	$256.0M-14.0%	$297.6M+12.7%	$264.1M-27.3%	$363.3M
Cost of Revenue	$35.0M-0.3%	$35.1M-4.4%	$36.7M-24.6%	$48.7M+22.6%	$39.8M+2.4%	$38.8M-9.0%	$42.7M+1.1%	$42.2M
Gross Profit	$242.9M+27.7%	$190.2M+27.4%	$149.3M+145.3%	$60.9M-71.9%	$216.3M-16.4%	$258.8M+16.8%	$221.5M-31.0%	$321.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$143.9M+1.1%	$142.4M-14.9%	$167.4M-30.8%	$241.7M+35.8%	$178.0M-0.5%	$178.9M+11.1%	$161.1M-20.4%	$202.3M
Operating Income	$65.4M+504.8%	$10.8M+117.6%	-$61.5M+57.6%	-$145.0M+37.7%	-$232.6M-1351.9%	-$16.0M+74.9%	-$63.9M-700.4%	-$8.0M
Interest Expense	$18.8M-21.6%	$24.0M-20.1%	$30.0M-3.7%	$31.1M-7.2%	$33.5M-6.0%	$35.7M+49.5%	$23.9M-36.4%	$37.5M
Income Tax	$1.2M-61.3%	$3.1M+200.4%	-$3.0M-170.4%	$4.3M-85.2%	$29.2M+236.8%	-$21.3M+52.5%	-$44.9M-89.9%	-$23.6M
Net Income	$91.1M-34.7%	$139.5M+1498.2%	-$10.0M-444.9%	$2.9M+100.7%	-$433.6M-781.9%	-$49.2M+45.1%	-$89.6M-21.4%	-$73.8M
EPS (Diluted)	$2.91-35.3%	$4.50+1253.8%	$-0.39-3800.0%	$-0.01+99.9%	$-14.35-739.2%	$-1.71+46.9%	$-3.22-27.3%	$-2.53

RILY Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.8B-70.7%	$6.1B-0.5%	$6.1B+4.4%	$5.9B+119.8%	$2.7B+14.9%	$2.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$146.9M-34.1%	$222.7M-17.1%	$268.6M-3.7%	$278.9M+169.2%	$103.6M-0.6%	$104.3M
Inventory	$63.0M-32.7%	$93.7M-7.9%	$101.7M+2454.0%	$4.0M	N/A	N/A
Accounts Receivable	$68.7M-32.1%	$101.0M-32.2%	$149.1M+200.2%	$49.7M+21.7%	$40.8M-12.5%	$46.6M
Goodwill	$392.7M-15.8%	$466.6M-7.9%	$506.9M+102.3%	$250.6M+10.4%	$227.0M+1.5%	$223.7M
Total Liabilities	$2.2B-60.9%	$5.7B+5.4%	$5.4B+13.0%	$4.8B+126.1%	$2.1B+10.2%	$1.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.5B	N/A	N/A	N/A	N/A	N/A
Total Equity	-$488.2M-267.7%	$291.1M-34.8%	$446.5M-32.5%	$661.3M+29.0%	$512.6M+42.1%	$360.7M
Retained Earnings	-$1.1B-280.8%	-$281.3M-522.0%	-$45.2M-118.2%	$248.9M+22.5%	$203.1M+413.7%	$39.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$1.7B+8.0%	$1.5B+2.3%	$1.5B-15.3%	$1.8B-44.9%	$3.2B-35.2%	$5.0B-17.8%	$6.1B-1.0%	$6.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$184.2M-31.1%	$267.4M+93.3%	$138.3M-5.8%	$146.9M-38.0%	$236.9M+24.2%	$190.7M-14.4%	$222.7M-11.7%	$252.3M
Inventory	$51.0M-1.6%	$51.8M-13.6%	$60.0M-4.7%	$63.0M-24.3%	$83.2M-21.1%	$105.4M+12.5%	$93.7M-12.6%	$107.2M
Accounts Receivable	$63.5M+3.6%	$61.2M-0.6%	$61.6M-10.3%	$68.7M-40.7%	$115.7M-6.6%	$123.8M+22.5%	$101.0M-20.7%	$127.4M
Goodwill	$392.7M0.0%	$392.7M0.0%	$392.7M0.0%	$392.7M-21.8%	$502.3M+6.5%	$471.6M+1.1%	$466.6M-6.2%	$497.4M
Total Liabilities	$1.9B+1.5%	$1.9B-5.6%	$2.0B-12.2%	$2.2B-33.7%	$3.4B-28.1%	$4.7B-17.9%	$5.7B+0.8%	$5.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.3B-0.9%	$1.3B-3.4%	$1.4B-10.4%	$1.5B	N/A	N/A	N/A	N/A
Total Equity	-$260.5M+25.9%	-$351.7M+29.2%	-$496.8M-1.8%	-$488.2M-123.6%	-$218.3M-195.6%	$228.4M-21.5%	$291.1M-29.6%	$413.8M
Retained Earnings	-$850.1M+9.7%	-$941.2M+12.9%	-$1.1B-0.9%	-$1.1B-34.1%	-$798.9M-129.9%	-$347.6M-23.6%	-$281.3M-78.4%	-$157.7M

RILY Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$263.6M+975.6%	$24.5M+268.3%	$6.7M-86.9%	$50.9M-11.8%	$57.7M+312.1%	-$27.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$3.5M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$30.7M
Investing Cash Flow	$440.5M+46.3%	$301.2M+1032.7%	-$32.3M+96.6%	-$956.5M-4489.8%	$21.8M+105.0%	-$437.7M
Financing Cash Flow	-$671.9M-83.6%	-$365.9M-2174.7%	$17.6M-98.4%	$1.1B+1439.7%	-$80.7M-120.7%	$389.3M
Dividends Paid	$33.7M-76.1%	$141.1M+18.1%	$119.5M-65.6%	$347.1M+794.9%	$38.8M-5.7%	$41.1M
Share Buybacks	$0-100.0%	$69.5M+966.3%	$6.5M+145.3%	$2.7M-94.5%	$48.2M+1029.1%	$4.3M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$60.6M-136.9%	-$25.6M-13990.8%	$184K+106.7%	-$2.7M-102.5%	$111.5M-17.6%	$135.4M+106.8%	$65.5M+155.4%	-$118.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$13.3M-105.8%	$230.0M+288.7%	$59.2M-85.7%	$415.0M+3685.7%	-$11.6M-163.3%	$18.3M+255.2%	-$11.8M-112.2%	$96.6M
Financing Cash Flow	-$8.6M+89.3%	-$79.9M+53.7%	-$172.5M+45.6%	-$317.2M-503.2%	-$52.6M+72.5%	-$190.9M-137.3%	-$80.5M-147.0%	$171.3M
Dividends Paid	$0	$0	$0-100.0%	$104K-99.4%	$17.6M+10.0%	$16.0M-46.9%	$30.1M-1.5%	$30.6M
Share Buybacks	N/A	N/A	N/A	$0	$0	$0-100.0%	$15.8M+13831.3%	-$115K

RILY Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	80.0%-8.2pp	88.2%-5.3pp	93.5%-4.7pp	98.3%	N/A	98.8%
Operating Margin	-56.7%-63.3pp	6.6%+3.4pp	3.2%-29.9pp	33.1%-0.0pp	33.1%+7.6pp	25.6%
Net Margin	-91.1%-84.3pp	-6.8%+10.2pp	-17.0%-45.6pp	28.6%+4.0pp	24.6%+12.1pp	12.5%
Return on Equity	N/A	N/A	N/A	67.3%+27.3pp	40.0%+17.4pp	22.6%
Return on Assets	-42.9%-41.2pp	-1.6%+1.0pp	-2.6%-10.2pp	7.6%-0.1pp	7.7%+4.2pp	3.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	-3.14-22.8	19.65+7.5	12.15+4.9	7.26+3.1	4.14-1.2	5.35
FCF Margin	N/A	N/A	N/A	N/A	N/A	-4.7%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	87.4%+3.0pp	84.4%+4.2pp	80.3%+24.7pp	55.5%-28.9pp	84.5%-2.5pp	87.0%+3.1pp	83.8%-4.5pp	88.4%
Operating Margin	23.5%+18.7pp	4.8%+37.8pp	-33.0%+99.2pp	-132.3%-41.4pp	-90.8%-85.5pp	-5.4%+18.8pp	-24.2%-22.0pp	-2.2%
Net Margin	32.8%-29.1pp	61.9%+67.3pp	-5.4%-8.0pp	2.6%+172.0pp	-169.3%-152.8pp	-16.5%+17.4pp	-33.9%-13.6pp	-20.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	5.5%-3.6pp	9.0%+9.7pp	-0.7%-0.8pp	0.2%+13.6pp	-13.4%-12.4pp	-1.0%+0.5pp	-1.5%-0.3pp	-1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	-5.03-1.3	-3.76-1.0	-2.76+0.4	-3.14+12.3	-15.48-36.0	20.56+0.9	19.65+5.9	13.72
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$488.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is BRC Group Holdings, Inc.'s annual revenue?

BRC Group Holdings, Inc. (RILY) reported $838.6M in total revenue for fiscal year 2024. This represents a -42.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is BRC Group Holdings, Inc.'s revenue growing?

BRC Group Holdings, Inc. (RILY) revenue declined by 42.8% year-over-year, from $1.5B to $838.6M in fiscal year 2024.

Is BRC Group Holdings, Inc. profitable?

No, BRC Group Holdings, Inc. (RILY) reported a net income of -$764.3M in fiscal year 2024, with a net profit margin of -91.1%.

What is BRC Group Holdings, Inc.'s earnings per share (EPS)?

BRC Group Holdings, Inc. (RILY) reported diluted earnings per share of $-25.46 for fiscal year 2024. This represents a -590.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is BRC Group Holdings, Inc.'s EBITDA?

BRC Group Holdings, Inc. (RILY) had EBITDA of -$430.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does BRC Group Holdings, Inc. have?

As of fiscal year 2024, BRC Group Holdings, Inc. (RILY) had $146.9M in cash and equivalents against $1.5B in long-term debt.

What is BRC Group Holdings, Inc.'s gross margin?

BRC Group Holdings, Inc. (RILY) had a gross margin of 80.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is BRC Group Holdings, Inc.'s operating margin?

BRC Group Holdings, Inc. (RILY) had an operating margin of -56.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is BRC Group Holdings, Inc.'s net profit margin?

BRC Group Holdings, Inc. (RILY) had a net profit margin of -91.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does BRC Group Holdings, Inc. pay dividends?

Yes, BRC Group Holdings, Inc. (RILY) paid $1.00 per share in dividends during fiscal year 2024.

What is BRC Group Holdings, Inc.'s operating cash flow?

BRC Group Holdings, Inc. (RILY) generated $263.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are BRC Group Holdings, Inc.'s total assets?

BRC Group Holdings, Inc. (RILY) had $1.8B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does BRC Group Holdings, Inc. have outstanding?

BRC Group Holdings, Inc. (RILY) had 30M shares outstanding as of fiscal year 2024.

What is BRC Group Holdings, Inc.'s debt-to-equity ratio?

BRC Group Holdings, Inc. (RILY) had a debt-to-equity ratio of -3.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BRC Group Holdings, Inc.'s return on assets (ROA)?

BRC Group Holdings, Inc. (RILY) had a return on assets of -42.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is BRC Group Holdings, Inc.'s debt-to-equity ratio negative or unusual?

BRC Group Holdings, Inc. (RILY) has negative shareholder equity of -$488.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is BRC Group Holdings, Inc.'s Piotroski F-Score?

BRC Group Holdings, Inc. (RILY) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BRC Group Holdings, Inc.'s earnings high quality?

BRC Group Holdings, Inc. (RILY) has an earnings quality ratio of -0.34x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can BRC Group Holdings, Inc. cover its interest payments?

BRC Group Holdings, Inc. (RILY) has an interest coverage ratio of -3.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.