---
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"
generated_at: "2026-06-13T03:03:19.088564+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# B. Riley posts preliminary Q2 net income $44.6-46.6M, diluted EPS $1.48-1.55; launches $100M stock offering

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-059646
- JSON: https://secwatch.observer/filing/0001213900-23-059646.json
- Plain text: https://secwatch.observer/filing/0001213900-23-059646.txt

## Key facts
- Earnings Releases
  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.
  - Period: three months ended June 30, 2023
  - 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
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390023059646/0001213900-23-059646-index.htm
- Earnings Releases
  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.
  - Period: six months ended June 30, 2023
  - 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
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390023059646/0001213900-23-059646-index.htm
- Earnings Releases
  BRC Group Holdings, Inc. updated its three month period ending September 30, 2023 guidance (initiated).
  - Period: three month period ending September 30, 2023
  - Guidance: initiated
  - Result: guidance update
  source text: The Company expects its operating adjusted EBITDA for the three month period ending September 30, 2023 will be at least $105 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390023059646/0001213900-23-059646-index.htm

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