{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-059646","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2023-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.000685+00:00","generated_at":"2026-06-13T03:03:19.088564+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"B. Riley posts preliminary Q2 net income $44.6-46.6M, diluted EPS $1.48-1.55; launches $100M stock offering","bullets":["Q2 2023 revenue $405-407M vs $140.2M net loss in Q2 2022; diluted EPS $1.48-$1.55 vs ($5.07).","H1 2023 net income $61.8-63.8M, diluted EPS $1.98-$2.05; adjusted EBITDA $232.8-234.8M.","Q3 2023 operating adjusted EBITDA guidance at least $105M, with July investment banking already exceeding all of Q2.","Announced $100M underwritten public common stock offering; underwriter granted 30-day option for additional 15%.","Declared regular quarterly cash dividend of $1.00/share, payable Aug 21 to holders of record Aug 11."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-059646","json":"https://secwatch.observer/filing/0001213900-23-059646.json","markdown":"https://secwatch.observer/filing/0001213900-23-059646.md","text":"https://secwatch.observer/filing/0001213900-23-059646.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023059646/0001213900-23-059646-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023059646/ea182266-8k_brileyfin.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T03:03:19.088564+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":"05815bc13f9b9ed312059051672afdb2af61ded9","claim":"BRC Group Holdings, Inc. reported three months ended June 30, 2023 results: revenue within the range of $405 million to $407 million, net income within the range of $44.6 million and $46.6 million, EPS within the range of $1.48 to $1.55 per diluted share.","evidence_excerpt":"Preliminary Estimates for the Three Months Ended June 30, 2023 ● Total revenues estimated within the range of $405 million to $407 million ● Net income attributable to the Company between $44.6 million to $46.6 million ● Diluted earnings per common share in the range of $1.48 to $1.55 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023059646/0001213900-23-059646-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended June 30, 2023"},{"label":"Revenue","value":"within the range of $405 million to $407 million"},{"label":"Net income","value":"within the range of $44.6 million and $46.6 million"},{"label":"EPS","value":"within the range of $1.48 to $1.55 per diluted share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"c02a1452f50abd6e18cddfa8ec97797d6f471beb","claim":"BRC Group Holdings, Inc. reported six months ended June 30, 2023 results: revenue within the range of $837.1 million and $839.1 million, net income within the range of $61.8 million and $63.8 million, EPS within the range of $1.98 to $2.05 per diluted share.","evidence_excerpt":"Preliminary Estimates for the Six Months Ended June 30, 2023 ● Total revenues estimated within the range of $837.1 million and $839.1 million ● Net income attributable to the Company between $61.8 million and $63.8 million ● Diluted earnings per common share in the range of $1.98 to $2.05 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023059646/0001213900-23-059646-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"six months ended June 30, 2023"},{"label":"Revenue","value":"within the range of $837.1 million and $839.1 million"},{"label":"Net income","value":"within the range of $61.8 million and $63.8 million"},{"label":"EPS","value":"within the range of $1.98 to $2.05 per diluted share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"d9a3311f8a64aa09bd91eb1ff1b7f7009d50072e","claim":"BRC Group Holdings, Inc. updated its three month period ending September 30, 2023 guidance (initiated).","evidence_excerpt":"The Company expects its operating adjusted EBITDA for the three month period ending September 30, 2023 will be at least $105 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023059646/0001213900-23-059646-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three month period ending September 30, 2023"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}