{"schema_version":"secwatch.filing_event.v1","accession":"0001464790-26-000033","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2026-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.314817+00:00","generated_at":"2026-05-14T21:34:34.475728+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"BRC Group Q1 2026 net income $211.3M, EPS $6.57 vs loss a year ago; debt cut $129M","bullets":["Net income available to common shareholders $211.3M vs ($12.0M) in Q1 2025; diluted EPS $6.57 vs ($0.39).","Total revenues $352.1M, up from $186.1M, driven by trading gains in Capital Markets ($172.1M vs $2.1M).","Adjusted EBITDA $262.2M; Operating Adjusted EBITDA $34.6M vs ($5.6M) year ago.","Total debt reduced $128.9M to $1.30B; Net Debt fell $254.6M to $372.4M at March 31, 2026.","Plan announced to repurchase minority shares of B. Riley Securities and merge with B. Riley Wealth by year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001464790-26-000033","json":"https://secwatch.observer/filing/0001464790-26-000033.json","markdown":"https://secwatch.observer/filing/0001464790-26-000033.md","text":"https://secwatch.observer/filing/0001464790-26-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000146479026000033/0001464790-26-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000146479026000033/rily-20260507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:34:34.475728+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":"498b282df1f646b47739ec23598bc42a44425c7a","claim":"BRC Group Holdings, Inc. reported the fiscal quarter ended March 31, 2026 results: net income $211.3 Million, EPS $6.62.","evidence_excerpt":"(EX-99.1) --- FOR IMMEDIATE RELEASE BRC Group Holdings, Inc. Reports First Quarter 2026 Financial Results First Quarter 2026 Net Income Available to Common Shareholders of $211.3 Million; First Quarter 2026 Adjusted EBITDA of $262.2 Million;Operating Adjusted EBITDA of $34.6 Million LOS ANGELES, May 7, 2026 – BRC Group Holdings, Inc. (Nasdaq: RILY) (“BRCGH” or","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000146479026000033/0001464790-26-000033-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2026"},{"label":"Net income","value":"$211.3 Million"},{"label":"EPS","value":"$6.62"},{"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"}