---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-065028"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:47:36.879602+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# B. Riley Financial Q2 2023 revenue $406.3M (+191% YoY); EPS $1.55; reaffirms Q3 guidance

## Summary
- Total revenues $406.3M, up 191% YoY; net income attributable $46.4M vs loss of $140.2M in prior year.
- Diluted EPS $1.55; operating adjusted EBITDA $80.2M; total adjusted EBITDA $139.9M.
- Reaffirms Q3 2023 operating adjusted EBITDA guidance of at least $105M.
- Declares $1.00 per share quarterly dividend payable Aug 21, 2023.
- Segment: Capital Markets income $77.7M (vs loss $61.3M); Communications revenue $85.0M (+103% YoY).

## SEC filing metadata
- accession: 0001213900-23-065028
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390023065028/0001213900-23-065028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390023065028/ea183134-8k_brileyfin.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-065028
- JSON: https://secwatch.observer/filing/0001213900-23-065028.json
- Plain text: https://secwatch.observer/filing/0001213900-23-065028.txt

## Key facts
- Earnings Releases
  BRC Group Holdings, Inc. reported three-month period ending June 30, 2023 results: revenue $406.3 million, net income $46.4 million, EPS $1.55 diluted earnings per share. Guidance reaffirmed.
  - Period: three-month period ending June 30, 2023
  - Revenue: $406.3 million
  - Net income: $46.4 million
  - EPS: $1.55 diluted earnings per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Highlights for the Three Months Ended June 30, 2023 ● Total revenues increased 191% to $406.3 million vs. $139.6 million in prior year quarter ● Net income attributable to the Company of $46.4 million ● Net income available to common shareholders of $44.4 million, or $1.55 diluted earnings per share (EPS)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390023065028/0001213900-23-065028-index.htm
- Earnings Releases
  BRC Group Holdings, Inc. updated its third quarter of 2023 guidance (reaffirmed).
  - Period: third quarter of 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The Company has also reaffirmed its guidance for operating adjusted EBITDA (3) of at least $105 million for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390023065028/0001213900-23-065028-index.htm
- Earnings Releases
  BRC Group Holdings, Inc. reported six-month period ending June 30, 2023 results: revenue $838.4 million, net income $63.5 million, EPS $2.05 diluted EPS.
  - Period: six-month period ending June 30, 2023
  - Revenue: $838.4 million
  - Net income: $63.5 million
  - EPS: $2.05 diluted EPS
  - Result: reported results
  source text: Highlights for the Six Months Ended June 30, 2023 ● Total revenues increased 117% to $838.4 million vs. $386.5 million in prior year six-month period ● Net income attributable to the Company of $63.5 million ● Net income available to common shareholders of $59.5 million, or $2.05 diluted EPS
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390023065028/0001213900-23-065028-index.htm

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