Welcome to our dedicated page for BRC Group Holdings SEC filings (Ticker: RILY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
BRC Group Holdings, Inc. filings document a diversified holding company with common stock, preferred depositary shares, and multiple senior-note securities listed on Nasdaq. Its regulatory record covers operating and financial results, material-event reports, capital-structure disclosures, and securities registration details for common equity, Series A and Series B preferred depositary shares, and senior notes due in 2026 and 2028.
The company’s filings also include proxy materials for annual meeting governance and shareholder voting matters, Form 8-K disclosures for material agreements and financial results, Form 25 documentation for removal of a senior-note class from listing and registration, and Rule 12b-25 notices related to periodic-report timing. These documents frame BRC Group Holdings’ reporting status, governance processes, debt and preferred-equity structure, and operating-business disclosures.
BRC Group Holdings, Inc. (formerly B. Riley Financial, Inc.) filed a Form 8-K to furnish an earnings press release. On January 14, 2026, the company issued a press release reporting its financial results for the fiscal quarter ended September 30, 2025, which is attached as Exhibit 99.1.
The company notes that the information in this report, including Exhibit 99.1, is being furnished rather than filed, meaning it is not subject to certain liability provisions of the Exchange Act and will only be incorporated into other SEC reports if specifically referenced.
BRC Group Holdings, Inc. filed an amended current report to update how it reports the completed sale of its traditional W-2 wealth management business to Stifel, Nicolaus & Company, Incorporated.
The company previously closed this transaction on April 4, 2025 for net consideration of $26.0 million in cash, covering 36 financial advisors whose managed accounts represented approximately $4.0 billion in assets under management as of March 31, 2025.
The amendment reclassifies the deal as a significant disposition under Item 2.01 and adds the required historical and unaudited pro forma financial information, including pro forma statements of operations for the six months ended June 30, 2025 and the year ended December 31, 2024, filed as Exhibit 99.1.
BRC Group Holdings, Inc. (formerly B. Riley Financial, Inc.) has filed an amended current report to add required financial information related to a previously completed divestiture. The amendment supplies historical audited and unaudited financial statements and unaudited pro forma consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, reflecting the sale of all membership interests in GlassRatner Advisory & Capital Group, LLC and all shares of B. Riley Farber Advisory Inc., together referred to as GlassRatner.
The company states that no other changes are being made to the original report, which had disclosed completion of the GlassRatner sale on June 27, 2025. The amendment is focused solely on providing the additional financial statements and related notes as Exhibit 99.1, along with the cover page interactive data file.
BRC Group Holdings, Inc. filed an amended current report to add detailed financial information related to its previously disclosed sale of two recycling subsidiaries, Atlantic Coast Recycling, LLC and Atlantic Coast Recycling of Ocean County, LLC. The transaction, which closed on March 3, 2025, had already been described earlier; this amendment simply supplies the required historical audited and unaudited financial statements and unaudited pro forma financial statements for that sale. These pro forma statements for the six months ended June 30, 2025 and the year ended December 31, 2024 are provided as an exhibit to help show how the company’s results would look after the disposal of the Atlantic Companies.
B. Riley Financial reported a sharp turnaround for the quarter ended June 30, 2025, posting net income of $141.0 million versus a net loss of $433.8 million a year earlier. For the first six months of 2025, net income was $124.4 million, compared with a loss of $481.7 million in 2024.
Results were driven by improved trading gains, positive fair value marks on investments and loans, a $55.0 million gain on senior note exchanges, and large gains on business and segment divestitures, including the Atlantic Coast Recycling sale, Wealth Management transaction, and sale of the GlassRatner and Farber advisory businesses.
Despite the profit, the company still reported a stockholders’ deficit of $351.7 million as of June 30, 2025, alongside $1.32 billion of senior notes payable. Management highlighted multiple private exchanges of 2026–2028 senior notes into new 8.00% senior secured second lien notes due 2028 and stated it believes current cash, investments, and credit facilities are sufficient to meet obligations over the next 12 months.
The company also disclosed ongoing Nasdaq listing compliance issues tied to prior late SEC filings, noting a Nasdaq Hearings Panel granted continued listing subject to filing deadlines for delayed quarterly reports. Separately, it plans to change its corporate name to BRC Group Holdings, Inc. effective January 1, 2026, while keeping its RILY trading symbol.
B. Riley Financial, Inc. reported that it has issued a press release with its financial results for the fiscal quarter ended June 30, 2025. The earnings release, dated December 15, 2025, is attached as Exhibit 99.1 and provides the detailed figures for this period.
The company states that the information in Item 2.02, including Exhibit 99.1, is being furnished rather than filed under the Securities Exchange Act of 1934 and will only be incorporated into other Securities Act or Exchange Act filings if specifically referenced.
B. Riley Financial received a Nasdaq Hearings Panel decision allowing its shares and listed securities to continue trading, despite being late on several SEC filings. The exception is conditional on the company filing three outstanding Quarterly Reports on Form 10-Q by specific deadlines. The report for the period ended March 31, 2025 was filed on November 18, 2025. The company must file the 10-Q for June 30, 2025 by December 23, 2025 and the 10-Q for September 30, 2025 by January 20, 2026. If B. Riley misses any of these deadlines, the Panel will delist its securities from Nasdaq. During this exception period, the company must also promptly report any significant events that could affect its Nasdaq compliance.
B. Riley Financial reported a weak first quarter of 2025, with total revenues of $186.1 million, down from $297.6 million a year earlier, as services, trading and interest-related income all declined. The company posted an operating loss of $61.5 million compared with a $16.0 million loss in the prior-year quarter, reflecting lower revenue despite reduced direct costs and selling, general and administrative expenses.
After other items, including an $80.8 million gain on the sale and deconsolidation of businesses, a $10.5 million gain on a senior note exchange, and $10.4 million of debt extinguishment losses, B. Riley recorded a net loss of $16.6 million versus a $48.0 million loss a year ago. The balance sheet remains highly leveraged, with term loans of $184.1 million and senior notes of $1.37 billion, and stockholders’ deficit widened to $496.8 million negative equity.
B. Riley Financial announced an amended and restated employment agreement with Co‑CEO Bryant R. Riley, effective November 8, 2025. The Board’s Compensation Committee approved a revised structure intended to emphasize revenue generation at B. Riley Securities while he continues his Co‑CEO duties, with the arrangement covering fiscal years 2025 and 2026 unless ended earlier by the committee.
The agreement sets a two‑year term from the effective date with automatic one‑year renewals absent 90‑day notice. If terminated without Cause, for death or Disability, or upon resignation for Good Reason, the Executive will receive a lump‑sum severance of $2,800,000 plus one year of COBRA reimbursements; no pro‑rata bonus applies in the year of termination. He remains eligible for annual long‑term incentive awards under the 2021 plan (or successor), except in any fiscal year in which he is eligible to participate in the Incentive Program. The agreement includes confidentiality, non‑competition, and client/employee non‑solicitation covenants, with the employee non‑solicit extending one year post‑employment.
B. Riley Financial (RILY) furnished an 8-K announcing that its subsidiary, B. Riley Securities Holdings, Inc., issued a press release with preliminary unaudited financial results for the three-month period ended September 30, 2025. The release is attached as Exhibit 99.1.
The information was furnished, not filed under the Exchange Act, is not subject to Section 18 liabilities, and will not be incorporated by reference into other filings except as expressly stated.