Highest-materiality recent filing
BRC Group estimates $70.4M net carried interest from SpaceX IPO at $160.95/share
Gross carried interest ~$84.2M, net ~$70.4M based on SpaceX closing price of $160.95 on June 12, 2026.
BRC Group Holdings issues 2.06M shares to cancel 780,070 units of senior notes in private exchange
On May 14 and June 4, 2026, issued 2,060,683 shares of common stock to DBA Trading LLC for 780,070 units of senior notes.
BRC Group Q1 2026 net income $211.3M, EPS $6.57 vs loss a year ago; debt cut $129M
Net income available to common shareholders $211.3M vs ($12.0M) in Q1 2025; diluted EPS $6.57 vs ($0.39).
BRC Group (RILY) reports Q4 net income $84.8M, FY net income $299.4M; debt cut $346.6M
Q4 net income available to common shareholders $84.8M vs $0.9M prior year; basic EPS $2.77.
BRC Group reduces debt by ~$37.9M via bond-for-equity swaps; will file late 10-K by March 31
Exchanged 4,201,300 common shares for 1,343,551 senior note units, reducing debt by ~$37.9M.
BRC Group terminates guaranty of B&W debt under Axos credit agreement; no payment
BRC Group’s guaranty of B&W debt under Axos credit agreement terminated as of Feb 25, 2026.
BRC Group Holdings reports preliminary Q4 net income $60M-$65.4M; FY net income $274.5M-$279.9M
Q4 2025 revenue expected $271M-$282.5M vs $178.6M YoY; net income $60M-$65.4M vs $0.9M.
BRC Group regains compliance with Nasdaq periodic filing rule; 1-year monitor imposed
Received Nasdaq letter Jan 27, 2026 confirming compliance with periodic filing rule 5250(c)(1).
BRC Group files $735M lawsuit against Willkie Farr and Brian Kahn over Franchise Group deal
Complaint filed in NY Supreme Court against Willkie Farr & Gallagher, Brian Kahn, and Lauren Kahn.
BRC Group swings to Q3 profit: net income $89.1M ($2.91 EPS) vs loss; debt reduced $120M+
Net income available to common shareholders $89.1M ($2.91 diluted EPS) vs loss of $286.4M ($(9.39) EPS) in Q3 2024.
BRC Group (f/k/a B. Riley) completes sale of Wealth W-2 business to Stifel for $26M cash
Net cash consideration of $26.0M; 36 advisors with $4.0B in AUM as of March 31, 2025.
B. Riley Q2 net income $137.5M, EPS $4.50; files 10-Q ahead of Nasdaq deadline
Net income $137.5M vs net loss $435.6M in Q2 2024; includes $66.8M GlassRatner gain and $44.5M note exchange gains.
B. Riley granted continued listing on Nasdaq; files overdue Q1 10-Q; deadlines set for Q2, Q3
Nasdaq Hearings Panel granted exception to cure filing delinquencies; company must file Q2 10-Q by Dec 23, 2025 and Q3 10-Q by Jan 20, 2026.
B. Riley enters new employment agreement with Co-CEO Bryant Riley; ties pay to revenue generation
Eliminates base salary (replaced by California exempt wage threshold) and cash bonus/LTI awards; CEO participates in BRS senior managing director incentive program based on revenue share.
B. Riley Securities Q3 net income $41.8M; revenue $109.1M; $0.40 dividend approved
Preliminary unaudited Q3 total revenue $109.1M; adjusted net revenue $75.7M.
B. Riley extends springing maturity on Oaktree term loans to no earlier than March 31, 2027
Amendment No. 3 to Credit Agreement pushes earliest possible maturity date for Initial Term Loans from July 1, 2026 to March 31, 2027.
B. Riley receives Nasdaq delisting notice for late Q1 and Q2 2025 10-Qs; will seek hearing
Nasdaq Staff Determination Letter dated October 1, 2025, based on failure to file Q1 and Q2 2025 10-Qs.
Marcum LLP dismissed effective after completion of FY2024 audit; BDO USA, P.C. appointed for FY2025.
B. Riley receives Nasdaq delinquency notice for late Q2 2025 10-Q; exception until Sept 29
Nasdaq notified B. Riley on August 20 of non-compliance with Listing Rule 5250(c)(1) due to delayed Q2 2025 10-Q.
B. Riley reports H1 2025 net income $125-145M vs 2024 loss of $772M; debt down $600M
H1 2025 net income available to common shareholders $125M-$145M ($4.08-$4.74 diluted EPS); revenue $405M-$425M.
B. Riley sells GlassRatner for $117.8M, expects $66M gain; exchanges $28M notes for $13M new notes
Sold GlassRatner advisory business to TorQuest Partners for $117.8M cash; expects ~$66M gain on sale in Q2 2025.
B. Riley gets Nasdaq extension to file delinquent 10-K and 10-Q by Sept 29, 2025
Received additional Nasdaq delinquency notice on June 4, 2025 for late filing of FY2024 10-K and Q1 2025 10-Q.
B. Riley exchanges ~$139M notes for $93.1M new 8% notes; gets Nasdaq delinquency notice
Exchanged ~$139M aggregate principal of 5.00-6.00% notes due 2026-2028 for ~$93.1M of new 8.00% Senior Secured Second Lien Notes due 2028.
Scott Yessner appointed CFO effective June 3, 2025, succeeding Phillip Ahn who resigned May 16.
Impairment charge $68M-$74M on Nogin goodwill/intangibles; Nogin assigned assets to creditors on March 31, 2025.
Exchanged $86.3M of 5.50% Senior Notes due March 2026 and $36.7M of 5.00% Senior Notes due Dec 2026 for $87.7M of 8.00% Senior Secured Second Lien Notes due January 2028.
BRS completed tax-free merger with Cascadia (OTC: CDIV), becoming separate entity with own governance.
B. Riley completes sale of Atlantic Coast Recycling for ~$70M; expects Q1 gain of ~$30M
Cash proceeds of ~$70 million; initial investment was ~$39 million.
B. Riley secures $160M Oaktree credit facility with warrants at $5.14/share
$125M initial term loan (3-yr maturity) + $35M delayed draw (June 30, 2025) from Oaktree.
B. Riley prelim Q4 net income $48M-$68M (incl disc ops); continuing ops loss ($178M)-($187M)
Net income available to common shareholders $48M-$68M ($1.57-$2.22 diluted); includes ~$236M-$247M discontinued ops from Great American sale.
B. Riley Financial regains Nasdaq compliance after filing delayed Q3 10-Q
Filed Q3 10-Q on Feb 21, 2025; Nasdaq had granted exception to file by Feb 17.
B. Riley extends term loan springing maturity to Feb 2026, permits additional $10M telecom financing
Amendment No. 5 extends springing maturity of term loans to Feb 3, 2026 if more than $25M of March 2026 bonds outstanding.
Nasdaq notified B. Riley on Nov 20, 2024 of non-compliance with Listing Rule 5250(c)(1) due to late quarterly reports.
B. Riley closes Great American Group sale to Oaktree for ~$200M cash; expects $235M Q4 gain
Oaktree affiliates paid ~$200M for a 52.6% stake in Great American NewCo; B. Riley retains ~44.2% of common units and ~93.2% of Class B preferred.
B. Riley Financial files Form 12b-25 for late Q3 2024 10-Q
Filed Notification of Late Filing on Form 12b-25 with SEC on November 13, 2024 for quarter ended September 30, 2024.
B. Riley records additional ~$120M impairment after Franchise Group files Ch. 11
Franchise Group, including Freedom VCM, filed for Chapter 11 on Nov 3, 2024.
B. Riley secures $236M in cash from brand asset sale; proceeds to pay down debt
Received $189M net from transferring brand interests (Hurley, Justice, Scotch & Soda, etc.) to securitization vehicle.
B. Riley discloses chairman's unauthorized share pledges, prior filings understated
Bryant R. Riley pledged total 5,804,124 shares to Axos Bank, not 4,389,553 as reported.
Scott Yessner has been appointed to serve as Executive Vice President and Chief Financial Officer of the Company, effective June 3, 2025
Mr. Yessner succeeds Phillip J. Ahn, who resigned on May 16, 2025 as Chief Financial Officer and Chief Operating Officer of the Company as well as a director and officer of certain Company subsidiaries, effective as of the Transition Date.
On September 20, 2024, Kenny Young resigned from his positions as the President of the Company, the Chief Executive Officer of B. Riley Principal Investments, LLC, and other officer roles at certain other Company subsidiaries.
On October 18, 2022, Mikel H. Williams resigned from the board of directors of B. Riley Financial, Inc. (the “Company”), effective immediately.
Effective December 20, 2021, the Board of Directors (the “ Board ”) of the Company increased the number of directors that comprised the full Board from nine to ten members and appointed Tammy Brandt as an independent director to fill the new seat on the Board, with a term expiring at the Company’s next annual meeting of stockholders.
Effective August 11, 2021, the Board of Directors (the “ Board ”) of B. Riley Financial, Inc. (the “ Company ”) increased the number of directors that comprised the full Board from eight to nine members and appointed Renée E. LaBran as an independent director to fill the new seat on the Board
Max materiality 0.90 · Median 0.65 · Most common event other_material