BRC Group Holdings, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout 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.
Sep 30, 2026 · Filed Nov 5, 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 EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues: | ||||
| Services and fees ($206 and $1,319 for the three months and $13,105 and $9,168 for the nine months ended September 30, 2026 and 2025 from related parties, respectively) | $112,451 | $170,668 | $438,168 | $475,279 |
| Trading (losses) gains, net | (124,401) | 53,012 | 33,534 | 64,521 |
| Fair value adjustments on loans ($50 and $(49) for the three months and $106 and $(3,185) for the nine months ended September 30, 2026 and 2025 from related parties, respectively) | 1,215 | 1,299 | 12,005 | (5,997) |
| Interest income - loans ($— and $647 for the three months and $— and $1,818 for the nine months ended September 30, 2026 and 2025 from related parties, respectively) | 1,509 | 2,094 | 5,394 | 9,143 |
| Interest income - securities lending | 2,004 | 2,523 | 4,887 | 5,487 |
| Sale of goods | 40,250 | 48,275 | 130,217 | 140,803 |
| Total revenues | 33,028 | 277,871 | 624,205 | 689,236 |
| Operating expenses: | ||||
| Direct cost of services | 27,120 | 31,291 | 88,186 | 107,207 |
| Cost of goods sold | 28,893 | 35,001 | 92,619 | 106,847 |
| Selling, general and administrative expenses | 114,409 | 143,892 | 382,134 | 453,649 |
| Restructuring charge (Note 19) | 20 | 184 | 1,934 | 505 |
| Impairment of tradename | 1,200 | — | 5,200 | 1,500 |
| Interest expense - Securities lending and loan participations sold | 1,100 | 2,094 | 2,723 | 4,781 |
| Total operating expenses | 172,742 | 212,462 | 572,796 | 674,489 |
| Operating (loss) income | (139,714) | 65,409 | 51,409 | 14,747 |
| Other income (expense): | ||||
| Interest income | 241 | 1,491 | 938 | 3,469 |
| Dividend income | 198 | 564 | 1,000 | 821 |
| Realized and unrealized (losses) gains on investments | (97,485) | 32,756 | 19,707 | 28,472 |
| Change in fair value of financial instruments and other | (245) | (3,314) | (3,126) | 9,492 |
| Gain on sale and deconsolidation of businesses | — | — | — | 86,213 |
| Gain on senior note exchange | — | 12,222 | — | 67,208 |
| (Loss) income from equity investments | (14,492) | 9,193 | (18,625) | 34,244 |
| (Loss) gain on extinguishment of debt | — | (950) | 1,607 | (21,643) |
| Interest expense | (17,842) | (18,769) | (55,652) | (72,685) |
| (Loss) income from continuing operations before income taxes | (269,339) | 98,602 | (2,742) | 150,338 |
| Benefit from (provision for) income taxes | 24,048 | (1,183) | 1,207 | (1,194) |
| (Loss) income from continuing operations | (245,291) | 97,419 | (1,535) | 149,144 |
| (Loss) income from discontinued operations, net of income taxes | (2,401) | (1,866) | (2,401) | 70,841 |
| Net (loss) income | (247,692) | 95,553 | (3,936) | 219,985 |
| Net (loss) income attributable to noncontrolling interests | (6,689) | 4,470 | 3,245 | (594) |
|---|---|---|---|---|
| Net (loss) income attributable to BRC Group Holdings, Inc. | (241,003) | 91,083 | (7,181) | 220,579 |
| Preferred stock dividends | 2,015 | 2,015 | 6,045 | 6,045 |
| Net (loss) income available to common shareholders | $(243,018) | $89,068 | $(13,226) | $214,534 |
| Basic net income (loss) per common share: | ||||
| Continuing operations | $(5.98) | $2.97 | $(0.29) | $4.70 |
| Discontinued operations | (0.06) | (0.06) | (0.07) | 2.32 |
| Basic (loss) income per common share | $(6.04) | $2.91 | $(0.36) | $7.02 |
| Diluted net income (loss) per common share: | ||||
| Continuing operations | $(5.98) | $2.97 | $(0.33) | $4.70 |
| Discontinued operations | (0.06) | (0.06) | (0.07) | 2.32 |
| Diluted (loss) income per common share | $(6.04) | $2.91 | $(0.40) | $7.02 |
| Weighted average basic common shares outstanding | 40,232,819 | 30,597,066 | 36,683,700 | 30,541,169 |
| Weighted average diluted common shares outstanding | 40,232,819 | 30,597,066 | 36,837,593 | 30,541,169 |
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