---
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"
generated_at: "2026-06-01T22:53:58.533770+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# B. Riley Financial Q1 net loss $51M; declares $0.50 dividend

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-043607
- JSON: https://secwatch.observer/filing/0001213900-24-043607.json
- Plain text: https://secwatch.observer/filing/0001213900-24-043607.txt

## Key facts
- Earnings Releases
  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.
  - Period: three-month period ended March 31, 2024
  - Revenue: $343 million
  - Net income: Net loss available to common shareholders of $51 million
  - EPS: $(1.71) per common share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390024043607/0001213900-24-043607-index.htm

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