{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-084521","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.140236+00:00","generated_at":"2026-06-08T09:09:08.739057+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"B. Riley Q3 2023 net loss $75.8M; record revenues $462.3M (+48% YoY); declares $1.00 dividend","bullets":["Record Q3 total revenues of $462.3M, up 48% YoY; YTD revenues $1.30B, up 86%.","Net loss $75.8M driven by unrealized investment losses and a $35.5M non-cash Targus goodwill impairment.","Operating adjusted EBITDA $107.5M in Q3, up 34% sequentially; YTD $267.8M.","Board declares regular quarterly dividend of $1.00 per share and authorizes $50M share repurchase plan.","Cash and investments $2.05B at quarter-end; raised ~$115M equity and expanded Nomura facility by ~$240M."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-084521","json":"https://secwatch.observer/filing/0001213900-23-084521.json","markdown":"https://secwatch.observer/filing/0001213900-23-084521.md","text":"https://secwatch.observer/filing/0001213900-23-084521.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023084521/0001213900-23-084521-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023084521/ea187879-8k_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T09:09:08.739057+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":"03ce522f7ea9fb2184849b2e2ea045f05c5d3b80","claim":"BRC Group Holdings, Inc. reported the nine-month period ending September 30, 2023 results: revenue $1.30 billion, net income net loss of $16.3 million, EPS $(0.56) per share.","evidence_excerpt":"30, 2023. Financial Highlights for Three and Nine Months Ended September 30, 2023 ● Record total revenues of $462.3 million in Q3, up 48% year-over-year; Record YTD revenues of $1.30 billion for the first nine months of 2023, up 86% ● Net loss of $75.8 million in Q3 primarily driven by unrealized investment losses related to changes in mark-to-market valuations on","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023084521/0001213900-23-084521-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine-month period ending September 30, 2023"},{"label":"Revenue","value":"$1.30 billion"},{"label":"Net income","value":"net loss of $16.3 million"},{"label":"EPS","value":"$(0.56) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f10d4b44dcfdb863a2599802c44118b44a233453","claim":"BRC Group Holdings, Inc. reported the fiscal quarter ended September 30, 2023 results: revenue $462.3 million, net income Net loss of $75.8 million, EPS $(2.53) per share.","evidence_excerpt":"results for the three-month and nine-month period ending September 30, 2023. Financial Highlights for Three and Nine Months Ended September 30, 2023 ● Record total revenues of $462.3 million in Q3, up 48% year-over-year; Record YTD revenues of $1.30 billion for the first nine months of 2023, up 86% ● Net loss of $75.8 million in Q3 primarily driven by unrealized","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390023084521/0001213900-23-084521-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended September 30, 2023"},{"label":"Revenue","value":"$462.3 million"},{"label":"Net income","value":"Net loss of $75.8 million"},{"label":"EPS","value":"$(2.53) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}