---
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"
generated_at: "2026-05-14T21:34:34.475728+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# BRC Group Q1 2026 net income $211.3M, EPS $6.57 vs loss a year ago; debt cut $129M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001464790-26-000033
- JSON: https://secwatch.observer/filing/0001464790-26-000033.json
- Plain text: https://secwatch.observer/filing/0001464790-26-000033.txt

## Key facts
- Earnings Releases
  BRC Group Holdings, Inc. reported the fiscal quarter ended March 31, 2026 results: net income $211.3 Million, EPS $6.62.
  - Period: the fiscal quarter ended March 31, 2026
  - Net income: $211.3 Million
  - EPS: $6.62
  - Result: reported results
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/1464790/000146479026000033/0001464790-26-000033-index.htm

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