{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-013670","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2023-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.099233+00:00","generated_at":"2026-06-19T04:40:31.970655+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"B. Riley Q4 net loss $59.4M, operating EBITDA $101.8M beats guidance; declares $1.00 dividend","bullets":["Q4 total revenues $326.8M; operating revenues $450.4M; operating adjusted EBITDA $101.8M (guided $90-100M).","Q4 GAAP net loss ($59.4M); investment loss ($123.5M) within guided range of ($125-150M).","Full-year 2022 net loss ($167.8M); operating adjusted EBITDA $366.5M, second-best in firm history.","Declared quarterly cash dividend of $1.00/share, payable March 23 to holders of record March 10.","Completed multiple acquisitions in 2022 expected to enhance uncorrelated revenues and cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-013670","json":"https://secwatch.observer/filing/0001213900-23-013670.json","markdown":"https://secwatch.observer/filing/0001213900-23-013670.md","text":"https://secwatch.observer/filing/0001213900-23-013670.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023013670/0001213900-23-013670-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023013670/ea174066-8k_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T04:40:31.970655+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2229f5d5fba6aaa59f11e3ae9464542703e81df3","claim":"BRC Group Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $326.8 million, net income ($59.4 million).","evidence_excerpt":"§ Total revenues were $326.8 million for the quarter and $915.5 million for the year. § Operating revenues increased to $450.4 million for the quarter and $1.3 billion for the year. § Net losses of ($59.4 million) for the quarter and ($167.8 million) for the year were primarily driven by softness in small-cap markets throughout 2022 and related impact on investments.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023013670/0001213900-23-013670-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$326.8 million"},{"label":"Net income","value":"($59.4 million)"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"b2e5b3c62dbb7c3d321f19a53339e6b472de8f9c","claim":"BRC Group Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $915.5 million, net income ($167.8 million).","evidence_excerpt":"§ Total revenues were $326.8 million for the quarter and $915.5 million for the year. § Operating revenues increased to $450.4 million for the quarter and $1.3 billion for the year. § Net losses of ($59.4 million) for the quarter and ($167.8 million) for the year were primarily driven by softness in small-cap markets throughout 2022 and related impact on investments.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023013670/0001213900-23-013670-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$915.5 million"},{"label":"Net income","value":"($167.8 million)"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}