{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-043607","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.509536+00:00","generated_at":"2026-06-01T22:53:58.533770+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"B. Riley Financial Q1 net loss $51M; declares $0.50 dividend","bullets":["Net loss available to common shareholders of $51M vs net income of $15M in Q1 2023; diluted EPS loss of $1.71.","Total revenues $343M, down 21% YoY; operating revenues (non-GAAP) $379M vs $389M.","Operating adjusted EBITDA $66M vs $88M; included $59M investment-related losses and $7M investigation costs.","Declared quarterly dividend of $0.50/share, payable June 11, 2024 to holders of record May 27, 2024.","Retired $115M of 6.75% 2024 Senior Notes; cash and investments $1.61B; total debt $2.19B."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-043607","json":"https://secwatch.observer/filing/0001213900-24-043607.json","markdown":"https://secwatch.observer/filing/0001213900-24-043607.md","text":"https://secwatch.observer/filing/0001213900-24-043607.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390024043607/0001213900-24-043607-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390024043607/ea0206116-8k_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T22:53:58.533770+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":"4bb97fa1946ecf7b0f97a157b57d7a390ffe5298","claim":"BRC Group Holdings, Inc. reported three-month period ended March 31, 2024 results: revenue $343 million, net income Net loss available to common shareholders of $51 million, EPS $(1.71) per common share.","evidence_excerpt":"31, 2024. First Quarter 2024 Summary ● Net loss available to common shareholders of $51 million primarily driven by non-cash, unrealized investment losses ● Total revenues of $343 million vs $432 million for the first quarter of 2023 ● Operating revenues (3) of $379 million vs $389 million ● Operating adjusted EBITDA (4)(5) of $66 million vs $88 million ● Total","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390024043607/0001213900-24-043607-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three-month period ended March 31, 2024"},{"label":"Revenue","value":"$343 million"},{"label":"Net income","value":"Net loss available to common shareholders of $51 million"},{"label":"EPS","value":"$(1.71) per common 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"}