---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-121690"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:12:08.150734+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# B. Riley Q2 net income $137.5M, EPS $4.50; files 10-Q ahead of Nasdaq deadline

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-121690
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1464790/000121390025121690/0001213900-25-121690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea0269663-8k_briley.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-121690
- JSON: https://secwatch.observer/filing/0001213900-25-121690.json
- Plain text: https://secwatch.observer/filing/0001213900-25-121690.txt

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