---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-036419"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:37:14.106406+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# B. Riley Q1 net income $15.1M ($0.51 diluted EPS); revenue +75% to $432M; $1 dividend

## Summary
- Net income of $15.1M vs prior-year loss of $12.1M; diluted EPS $0.51 vs -$0.43.
- Total revenues $432.1M (+75% YoY) driven by acquisitions (Targus, Lingo, BullsEye) and higher interest income.
- Operating Adjusted EBITDA $80.1M (slightly below $84.2M prior year); Total Adjusted EBITDA $94.8M (+133%).
- Declared $1.00 quarterly dividend, payable May 23 to holders of record May 16.
- Segment revenues: Capital Markets $185.4M, Wealth Mgmt $49.8M, Communications $86.9M, Consumer $70.0M.

## SEC filing metadata
- accession: 0001213900-23-036419
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390023036419/0001213900-23-036419-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390023036419/ea177983-8k_brileyfin.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-036419
- JSON: https://secwatch.observer/filing/0001213900-23-036419.json
- Plain text: https://secwatch.observer/filing/0001213900-23-036419.txt

## Key facts
- Earnings Releases
  BRC Group Holdings, Inc. reported first quarter 2023 results: revenue $432.1 million, net income $15.1 million, EPS $0.51 diluted earnings per share.
  - Period: first quarter 2023
  - Revenue: $432.1 million
  - Net income: $15.1 million
  - EPS: $0.51 diluted earnings per share
  - Result: reported results
  source text: B. Riley Financial Reports First Quarter 2023 Results; Declares $1.00 Dividend LOS ANGELES, May 4, 2023 – B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”), a diversified financial services platform, today released results for the three-month period ending March 31, 2023. Q1 2023 Financial Highlights ● Total revenues increased 75% to $432.1 million ● Net income of $15.1 million, or $0.51 diluted earnings per share (EPS)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390023036419/0001213900-23-036419-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.