{ "ok": true, "cik": "1464790", "ticker": "RILY", "name": "BRC Group Holdings, Inc.", "filings": [ { "form": "8-K", "filed": "2026-08-28", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1464790/000121390026095052/0001213900-26-095052-index.htm" }, { "form": "8-K", "filed": "2026-08-13", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1464790/000121390026089148/0001213900-26-089148-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1464790/000146479026000046/0001464790-26-000046-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1464790/000146479026000045/0001464790-26-000045-index.htm" }, { "form": "8-K", "filed": "2026-07-02", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1464790/000121390026075019/0001213900-26-075019-index.htm" }, { "form": "8-K", "filed": "2026-06-15", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1464790/000121390026068514/0001213900-26-068514-index.htm" } ], "events12m": 27, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001464790.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1464790" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up BRC Group Holdings, Inc. ($RILY). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-08-28. 27 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-09-12.", "auditor": { "changes": [ { "filed": "2025-09-12", "url": "https://www.sec.gov/Archives/edgar/data/1464790/000121390025087284/0001213900-25-087284-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 967599000, "revenueGrowth1y": -0.018642365970912178, "revenueGrowthPerYear": -0.1117967811098669, "yearsOfData": 5, "operatingMargin": 0.07811190379485716, "operatingMarginPrior": -0.5046217976023855, "netMargin": 0.3206751970599391, "operatingCashFlow": -59711000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 226601000, "longTermDebt": 1427733000, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 1554698000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 939483000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 1465777000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 985980000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 967599000 } ], "totalEquity": -171533000, "totalAssets": 1706592000, "equityRatio": -0.10051201458813823, "returnOnEquity": null, "dividendsPaid": 0, "payoutRatio": 0, "dividendPerShare": 1, "dividendYearsRising": 0, "dividendCut": true, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 759897351.0662794, "high": 1221346173.5317307, "baseline": 963358710.7838229, "n": 4309, "band": "b01" }, "ifPaceHeld": { "low": 759897351.0662794, "high": 1221346173.5317307 } }, "edgarette": "🔖 Exposure: revenue $967.6M (FY2025), total debt $1.4B. Experience: revenue down 1.9% on the year, down 11.2% a year over 4 years; operating margin 7.8%, up from -50.5%. Soundness: equity -10.1% of assets (liabilities exceed assets), payout 0.0% of profit, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $759.9M and $1.2B next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (22 filers, $50M+ revenue, investment advice): operating margin 7.8% against a 20.8% median; growth -1.9% against 7.5%.", "peers": { "sic": 6282, "sicDescription": "Investment Advice", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6282", "growth": [ 0.0749, 39 ], "opMargin": [ 0.2083, 22 ], "equityRatio": [ 0.2782, 29 ], "returnOnEquity": [ 0.1455, 26 ], "payoutRatio": [ 0.5476, 27 ] }, "summary": "BRC Group Holdings (RILY) saw revenue fall 1.9% in FY2025 to $968 million, operating margin 7.8% against a 20.8% median for investment advice, equity -10.1% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
BRC Group Holdings, Inc. against its own record and its peers
Operating marginPeer median 20.8%7.8%Revenue, on the yearPeer median 7.5%-1.9%Equity of assetsPeer median 27.8%-10.1%Payout of profitPeer median 54.8%0.0%Gold tick: the median of 27–29 peers with $50M+ revenue in investment advice
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit0.0% paid out100.0% keptHanded back per share$1cut in the latest yearRevenue growth it managed-1.9%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 13, "hits": 6, "rate": 0.46153846153846156, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:50.648Z", "hash": "1bfa6a2aabffaf3e", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "BRC Group Holdings (RILY) saw revenue fall 1.9% in FY2025 to $968 million, operating margin 7.8% against a 20.8% median for investment advice, equity -10.1% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 967599000, "totalDebt": 1427733000, "cash": 226601000 }, "experience": { "revenueGrowth1y": -0.018642365970912178, "revenueGrowthPerYear": -0.1117967811098669, "operatingMargin": 0.07811190379485716, "operatingMarginPrior": -0.5046217976023855, "netMargin": 0.3206751970599391, "freeCashFlow": null }, "soundness": { "equityRatio": -0.10051201458813823, "returnOnEquity": null, "payoutRatio": 0, "dividendPerShare": 1, "dividendYearsRising": 0, "dividendCut": true, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6282, "sicDescription": "Investment Advice", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6282", "growth": [ 0.0749, 39 ], "opMargin": [ 0.2083, 22 ], "equityRatio": [ 0.2782, 29 ], "returnOnEquity": [ 0.1455, 26 ], "payoutRatio": [ 0.5476, 27 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2025-09-12", "url": "https://www.sec.gov/Archives/edgar/data/1464790/000121390025087284/0001213900-25-087284-index.htm" } }, "range": { "low": 759897351.0662794, "high": 1221346173.5317307, "baseline": 963358710.7838229, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4309, "sizeBand": "b01" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 13, "hits": 6, "rate": 0.46153846153846156, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:50.648Z", "hash": "1bfa6a2aabffaf3e", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001464790.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1464790" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }