earnings
confidence high
sentiment positive
materiality 0.75
B. Riley Q2 net income $137.5M, EPS $4.50; files 10-Q ahead of Nasdaq deadline
BRC Group Holdings, Inc.
- Net income $137.5M vs net loss $435.6M in Q2 2024; includes $66.8M GlassRatner gain and $44.5M note exchange gains.
- Revenue $225.3M vs $94.9M in prior year, driven by absence of fair value adjustments that had depressed 2024 revenue.
- Operating adjusted EBITDA from continuing ops $38.5M, up from $31.2M in Q2 2024.
- Total debt reduced to $1.46B from $1.77B at Dec 31, 2024; net debt $824.8M.
- Filed Q2 2025 Form 10-Q on Dec 15, meeting Nasdaq’s Dec 23 compliance deadline; Q3 filing targeted by Jan 20, 2026.
item 2.02item 9.01