Here are the 10-Q quarterly reports from BRC Group Holdings, Inc. (RILYP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RILYP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RILYP filings page.
BRC Group Holdings, Inc. (RILY) reported third-quarter revenue of $33.028 million, versus $277.871 million in 2025, and a $243.018 million net loss available to common shareholders versus $89.068 million of income. Trading losses were $124.401 million. Nine-month revenue was $624.205 million versus $689.236 million; operating cash flow was $123.888 million versus $85.932 million used in 2025.
On September 28, 2026, BRC agreed to acquire Sangoma Technologies Corporation for approximately $169.602 million cash and $10.331 million in BRC shares, with total enterprise value of approximately $203.680 million. The transaction is subject to shareholder, court and regulatory approvals, is expected to close no later than early 2027, and has no financing condition. Funding is expected to include an amended and restated $212.255 million senior secured term loan and cash on hand.
After quarter-end, on November 3, 2026, BRC sold its interest in Great American Holdings, LLC for $62.250 million, including $10.570 million cash; an Oaktree Credit Facility amendment provided for $51.680 million of Oaktree Term Loan prepayment and $26.500 million in additional term loans. Over the next 12 months, BRC expects approximately $163.966 million in senior-note maturities.
BRC Group Holdings, Inc. reported strong profitability for the six months ended June 30, 2026, with total revenues of 591,177 (dollars in thousands) and net income of 243,756, compared with 411,365 and 124,432 a year earlier. Diluted income per common share from continuing operations was 6.47 for the six-month period and 0.45 for the quarter.
Total assets rose to 1,967,538, while stockholders’ equity improved to 142,169 from a deficit of 171,533 at December 31, 2025, aided by redeeming 95,991 of 5.50% Senior Notes due 2026 and exchanging 69,054 of senior notes for 8,358,495 common shares. Senior notes payable, net, declined to 1,129,966. Cash, cash equivalents and restricted cash were 155,642, and management states existing liquidity and credit facilities are expected to cover obligations for the next 12 months. The investment portfolio is concentrated, including a 386,996 equity stake in Babcock & Wilcox Enterprises, Inc. and sizable loans to XBP Americas, LLC and Enovum NC-1 Venture, LLC.
BRC Group Holdings, Inc. reported net income of $222.2 million for the quarter ended March 31, 2026, compared with a net loss of $16.6 million a year earlier. Revenue rose to $352.1 million from $186.1 million, helped by $145.1 million of net trading gains and $105.1 million of realized and unrealized investment gains. Operating expenses fell to $199.1 million from $247.5 million, turning operating income to $152.9 million from a loss. The company used gains and cash to reduce senior notes payable, net, to $1.17 billion from $1.30 billion and fully redeemed $96.0 million of 5.50% senior notes due 2026. It also exchanged $36.1 million of various senior notes for 4.55 million common shares, which, along with earnings, moved total equity from a deficit of $120.3 million at December 31, 2025 to positive equity of $136.3 million at March 31, 2026.