BRC Group Holdings, Inc.

For the period ended Jun 30, 2026. Filed Aug 6, 2026.

About this filing

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.

Jun 30, 2026 · Filed Aug 6, 2026

RILY$3.66-4.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

	Three Months EndedJune 30,		Six Months EndedJune 30,
	2026	2025	2026	2025
Revenues:
Services and fees ($6,976 and $5,121 for the three months and $12,899 and $7,849 for the six months ended June 30, 2026 and 2025 from related parties, respectively)	$173,595	$145,772	$325,717	$304,611
Trading gains, net	12,874	27,680	157,935	11,509
Fair value adjustments on loans ($82 and $(992) for the three months and $56 and $(3,137) for the six months ended June 30, 2026 and 2025 from related parties, respectively)	4,245	800	10,790	(7,296)
Interest income - loans ($— and $475 for the three months and $— and $1,171 for the six months ended June 30, 2026 and 2025 from related parties, respectively)	2,171	3,853	3,885	7,049
Interest income - securities lending	1,632	2,124	2,883	2,964
Sale of goods	44,600	45,073	89,967	92,528
Total revenues	239,117	225,302	591,177	411,365
Operating expenses:
Direct cost of services	29,364	33,216	61,066	75,916
Cost of goods sold	31,361	35,113	63,726	71,846
Selling, general and administrative expenses	133,377	142,369	267,725	309,757
Restructuring charge (Note 18)	1,914	321	1,914	321
Impairment of tradename	4,000	1,500	4,000	1,500
Interest expense - Securities lending and loan participations sold	906	1,968	1,623	2,687
Total operating expenses	200,922	214,487	400,054	462,027
Operating income (loss)	38,195	10,815	191,123	(50,662)
Other income (expense):
Interest income	339	492	697	1,978
Dividend income	133	122	802	257
Realized and unrealized gains (losses) on investments	12,092	10,216	117,192	(4,284)
Change in fair value of financial instruments and other	1,546	11,884	(2,881)	12,806
Gain on sale and deconsolidation of businesses	—	5,372	—	86,213
Gain on senior note exchange	—	44,454	—	54,986
(Loss) income from equity investments	(5,459)	25,603	(4,133)	25,051
(Loss) gain on extinguishment of debt	(1,283)	(10,266)	1,607	(20,693)
Interest expense	(18,016)	(23,952)	(37,810)	(53,916)
Income from continuing operations before income taxes	27,547	74,740	266,597	51,736
Provision for income taxes	(5,950)	(3,053)	(22,841)	(11)
Income from continuing operations	21,597	71,687	243,756	51,725
Income from discontinued operations, net of income taxes	—	69,312	—	72,707
Net income	21,597	140,999	243,756	124,432
Net income (loss) attributable to noncontrolling interests	1,048	1,528	9,934	(5,064)
Net income attributable to BRC Group Holdings, Inc.	20,549	139,471	233,822	129,496
Preferred stock dividends	2,015	2,015	4,030	4,030
Net income available to common shareholders	$18,534	$137,456	$229,792	$125,466

Basic net income per common share:
Continuing operations	$0.49	$2.23	$6.59	$1.73
Discontinued operations	—	2.27	—	2.38
Basic income per common share	$0.49	$4.50	$6.59	$4.11
Diluted net income per common share:
Continuing operations	$0.45	$2.23	$6.47	$1.73
Discontinued operations	—	2.27	—	2.38
Diluted income per common share	$0.45	$4.50	$6.47	$4.11
Weighted average basic common shares outstanding	37,811,031	30,527,835	34,879,728	30,512,757
Weighted average diluted common shares outstanding	38,422,185	30,527,835	35,311,001	30,512,757

ContentsView on SEC.gov

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