---
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"
generated_at: "2026-06-05T06:31:58.552430+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# B. Riley reports Q4 net loss of $70M, dividend cut 50%, strategic review of Great American

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-018490
- JSON: https://secwatch.observer/filing/0001213900-24-018490.json
- Plain text: https://secwatch.observer/filing/0001213900-24-018490.txt

## Key facts
- Earnings Releases
  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.
  - Period: three months ended December 31, 2023
  - Revenue: $347 million
  - Net income: $70 million net loss
  - EPS: $2.32 diluted loss per share
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390024018490/0001213900-24-018490-index.htm
- Earnings Releases
  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.
  - Period: twelve months ended December 31, 2023
  - Revenue: $1.65 billion
  - Net income: $86 million net loss
  - EPS: $2.95 diluted loss per share
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390024018490/0001213900-24-018490-index.htm

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