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
RILY$3.66-4.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues: | ||
| Services and fees ($5,923 and $3,945 from related parties) | $152,122 | $158,839 |
| Trading gains (losses), net | 145,061 | (16,171) |
| Fair value adjustments on loans ($(26) and $(2,146) from related parties) | 6,545 | (8,096) |
| Interest income - loans ($— and $696 from related parties) | 1,714 | 3,196 |
| Interest income - securities lending | 1,251 | 840 |
| Sale of goods | 45,367 | 47,455 |
| Total revenues | 352,060 | 186,063 |
| Operating expenses: | ||
| Direct cost of services | 31,702 | 42,700 |
| Cost of goods sold | 32,365 | 36,733 |
| Selling, general and administrative expenses | 134,348 | 167,388 |
| Interest expense - Securities lending and loan participations sold | 717 | 719 |
| Total operating expenses | 199,132 | 247,540 |
| Operating income (loss) | 152,928 | (61,477) |
| Other income (expense): | ||
| Interest income | 358 | 1,486 |
| Dividend income | 669 | 135 |
| Realized and unrealized gains (losses) on investments | 105,100 | (14,500) |
| Change in fair value of financial instruments and other | (4,427) | 922 |
| Gain on sale and deconsolidation of businesses | — | 80,841 |
| Gain on senior note exchange | — | 10,532 |
| Income (loss) from equity investments | 1,326 | (552) |
| Gain (loss) on extinguishment of debt | 2,890 | (10,427) |
| Interest expense | (19,794) | (29,964) |
| Income (loss) from continuing operations before income taxes | 239,050 | (23,004) |
| (Provision for) benefit from income taxes | (16,891) | 3,042 |
| Income (loss) from continuing operations | 222,159 | (19,962) |
| Income from discontinued operations, net of income taxes | — | 3,395 |
| Net income (loss) | 222,159 | (16,567) |
| Net income (loss) attributable to noncontrolling interests | 8,886 | (6,592) |
|---|---|---|
| Net income (loss) attributable to BRC Group Holdings, Inc. | 213,273 | (9,975) |
| Preferred stock dividends | 2,015 | 2,015 |
| Net income (loss) available to common shareholders | $211,258 | $(11,990) |
| Basic net income (loss) per common share: | ||
| Continuing operations | $6.62 | $(0.50) |
| Discontinued operations | — | 0.11 |
| Basic income (loss) per common share | $6.62 | $(0.39) |
| Diluted net income (loss) per common share: | ||
| Continuing operations | $6.57 | $(0.50) |
| Discontinued operations | — | 0.11 |
| Diluted income (loss) per common share | $6.57 | $(0.39) |
| Weighted average basic common shares outstanding | 31,915,854 | 30,497,512 |
| Weighted average diluted common shares outstanding | 32,167,246 | 30,497,512 |
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