BRC Group Holdings, Inc. (RILY)

From the record

BRC Group Holdings, Inc.'s filings since 2017 show 25 warning events of 6 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2019-01-04); a notice about its exchange listing (8-K item 3.01, 11 times, the latest 2025-11-28); a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-03-16); an auditor change (8-K item 4.01, the latest 2025-09-12); a material cybersecurity incident (8-K item 1.05, the latest 2024-04-08); a late-report notice (Form NT 10-K or NT 10-Q, 10 times, the latest 2026-03-17) (its current reports).

From the record

BRC Group Holdings, Inc.'s 10 filed years say what it did: revenue went from $113 million in fiscal 2015 to $968 million in fiscal 2025, up 24% a year; it rose in 7 of 9 years; the deepest fall was 52% from fiscal 2021 to fiscal 2024; net income was positive in 7 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, BRC Group Holdings, Inc.'s diluted share count grew about 2.7% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, BRC Group Holdings, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 48 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 110 cents per dollar of assets, and net share issuance: its share count grew 0.7% over the year (the filed statements).

From the record

BRC Group Holdings, Inc.'s standing among 43 graded names in its industry family: revenue of $968 million in fiscal 2025 ranks in the bottom 45% by size; a net margin of 31.8% ranks in the top 17%; revenue growth of 1% a year over the last 3 filed years ranks in the bottom 25% (its annual reports).

From the record

BRC Group Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kelleher, Thomas J /adv (Co-CEO, as filed), filing under that title since 2019-03-15, 7.7 years (top 39% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 9.4 years (top 32%); 11 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 4%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

BRC Group Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $227 million against debt of $1.4 billion leaves -70.4% of its assets as net cash, bottom 1% of its family; cash from operations less capital spending is -6.2% of revenue (bottom 20%); a gross margin of 85% (top 25%) (its annual report).

From the record

BRC Group Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 1% a year over the last three filed years against 24% over all 10, slowing (bottom 11% of its family); the newest year grew 29.7% (top 11%); capital spending grew 68.1% a year (top 13%) (its annual reports). BRC Group Holdings, Inc. reported 5 product lines in fiscal 2025: Service and Fee Revenues at $634 million (66%), Sale of Goods at $191 million (20%), Trading Gains Losses On Investments at $126 million (13%), and 2 more; 0 of 4 grew against the year before (its annual report).

From the record

BRC Group Holdings, Inc.'s newest year against its own record: revenue of $968 million in fiscal 2025 came in 45.4% above the $665 million its prior three years' pace pointed to (top 4% of its family); net income of $307 million against a prior three-year average of $341 million (top 9%); a net margin of 31.8% against -42.1% before (top 9%) (its annual reports).