{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-018490","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.248329+00:00","generated_at":"2026-06-05T06:31:58.552430+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 reports Q4 net loss of $70M, dividend cut 50%, strategic review of Great American","bullets":["Q4 total revenues $347M (down 9% YoY); net loss $70M / $2.32 diluted loss per share.","FY2023 total revenues $1.65B (+52% YoY) but full-year net loss $86M includes $71M impairment charge.","Board cuts quarterly dividend to $0.50/share (50% reduction), payable March 22.","Will file late 10-K due to review of transactions with Brian Kahn; expects no material changes.","Retains Moelis & Company for strategic review of Great American Group appraisal/asset disposition businesses."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-018490","json":"https://secwatch.observer/filing/0001213900-24-018490.json","markdown":"https://secwatch.observer/filing/0001213900-24-018490.md","text":"https://secwatch.observer/filing/0001213900-24-018490.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390024018490/0001213900-24-018490-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390024018490/ea0200949-8k_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T06:31:58.552430+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":"9f60e9dc2219ff05ef833fe78ee6b7dc7005aec0","claim":"BRC Group Holdings, Inc. reported three months ended December 31, 2023 results: revenue $347 million, net income $70 million net loss, EPS $2.32 diluted loss per share.","evidence_excerpt":"Total revenues were $347 million compared to $382 million for the fourth quarter of 2022 ● Net loss available to common shareholders was $70 million, or $2.32 diluted loss per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390024018490/0001213900-24-018490-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2023"},{"label":"Revenue","value":"$347 million"},{"label":"Net income","value":"$70 million net loss"},{"label":"EPS","value":"$2.32 diluted loss per share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"bfca6e3615867fd12327b561fc09e1bea1dbf8e5","claim":"BRC Group Holdings, Inc. reported twelve months ended December 31, 2023 results: revenue $1.65 billion, net income $86 million net loss, EPS $2.95 diluted loss per share.","evidence_excerpt":"quarter ● Operating adjusted EBITDA (3) of $79 million compared to $110 million in the prior year quarter Full year ended December 31, 2023: ● Total revenues increased 52% to $1.65 billion in 2023, up from $1.08 billion in 2022 ● Net loss of $86 million for the full year driven primarily by non-cash impairment charge of $71 million ● Operating revenues (2)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390024018490/0001213900-24-018490-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"twelve months ended December 31, 2023"},{"label":"Revenue","value":"$1.65 billion"},{"label":"Net income","value":"$86 million net loss"},{"label":"EPS","value":"$2.95 diluted loss per share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}