BRC Group Holdings, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Dollars in thousands, except share and par value)
| March 31,2026 | December 31,2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Assets: | ||
| Cash and cash equivalents(1) | $175,823 | $226,601 |
| Restricted cash | 2,199 | 2,676 |
| Due from clearing brokers | 43,437 | 51,000 |
| Securities and other investments owned ($576,153 and $382,461 at fair value)(1) | 639,668 | 446,843 |
| Securities borrowed | 133,438 | 114,937 |
| Accounts receivable, net of allowance for credit losses of $6,450 and $6,108 | 67,329 | 55,473 |
| Loans receivable, at fair value ($953 and $2,835 from related parties) | 24,927 | 26,303 |
| Equity investments | 90,692 | 90,433 |
| Prepaid expenses and other assets(1) | 117,851 | 128,650 |
| Operating lease right-of-use assets | 33,532 | 32,109 |
| Property and equipment, net | 17,608 | 17,606 |
| Goodwill | 392,687 | 392,687 |
| Other intangible assets, net | 112,038 | 118,290 |
| Deferred income taxes | 763 | 763 |
| Assets of discontinued operations (Note 4) | 2,221 | 2,221 |
| Total assets | $1,854,213 | $1,706,592 |
| LIABILITIES AND EQUITY (DEFICIT) | ||
| Liabilities: | ||
| Accounts payable | $37,721 | $41,463 |
| Accrued expenses and other liabilities ($11,080 and $6,400 at fair value)(1) | 153,413 | 154,780 |
| Deferred revenue | 48,730 | 49,907 |
| Deferred income taxes | 4,089 | 4,109 |
| Securities sold not yet purchased, at fair value | 16,833 | 9,809 |
| Securities loaned | 115,642 | 97,321 |
| Operating lease liabilities | 41,752 | 40,902 |
| Revolving credit facility | 10,708 | 6,638 |
| Term loans, net | 116,673 | 119,297 |
| Senior notes payable, net | 1,171,490 | 1,301,798 |
| Liabilities of discontinued operations (Note 4) | 830 | 830 |
| Total liabilities | 1,717,881 | 1,826,854 |
| Commitments and contingencies (Note 26) | ||
| BRC Group Holdings, Inc. stockholders’ equity (deficit): | ||
|---|---|---|
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 shares issued and outstanding and liquidation preference of $124,157 and $122,142 | — | — |
| Common stock, $0.0001 par value; 100,000,000 shares authorized; 35,150,932 and 30,597,066 issued and outstanding | 4 | 3 |
| Additional paid-in capital | 634,479 | 598,022 |
| Accumulated deficit | (550,013) | (763,286) |
| Accumulated other comprehensive loss | (7,149) | (6,272) |
| Total BRC Group Holdings, Inc. stockholders’ equity (deficit) | 77,321 | (171,533) |
| Noncontrolling interests(1) | 59,011 | 51,271 |
| Total equity (deficit) | 136,332 | (120,262) |
| Total liabilities and equity (deficit) | $1,854,213 | $1,706,592 |
(1)At March 31, 2026 and December 31, 2025 the balance sheet includes cash of $519 and $446, securities and other investments owned, at fair value of $723 and $682, prepaid and other expenses of $3,704 and $3,737, accrued expenses and other liabilities of $28 and $28, and noncontrolling interest of $4,261 and $4,192, respectively, of consolidated variable interest entities (see Note 3 - Variable Interest Entities).
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