{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-019417","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2025-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.703427+00:00","generated_at":"2026-05-25T17:27:16.709677+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 prelim Q4 net income $48M-$68M (incl disc ops); continuing ops loss ($178M)-($187M)","bullets":["Net income available to common shareholders $48M-$68M ($1.57-$2.22 diluted); includes ~$236M-$247M discontinued ops from Great American sale.","Net loss from continuing ops ($178M)-($187M), with $73M-$79M goodwill/intangibles impairments and $49M trading/investment losses.","Operating adjusted EBITDA from continuing ops expected $12M-$14M; total debt $1.78B; net debt $991M, down $221M from Q3.","Reduced debt >$700M since Jan 2024; retired Nomura facility; cash $257M incl $101M restricted for redeemed Feb 2025 senior notes.","Company says unusual legal/transaction/restructuring fees should decline in 2025; core B. Riley Securities had strong December."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-019417","json":"https://secwatch.observer/filing/0001213900-25-019417.json","markdown":"https://secwatch.observer/filing/0001213900-25-019417.md","text":"https://secwatch.observer/filing/0001213900-25-019417.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025019417/0001213900-25-019417-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025019417/ea0232830-8k_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T17:27:16.709677+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}