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what it is
BRC Group runs four businesses: capital markets, wealth management, telecom, and retail.
how it gets paid
Last year Rily made $1.1B in revenue. Capital markets and restructuring was the main engine at $0.46B, or 42% of sales.
what just happened
RILY printed $601M of quarterly revenue and $7.02 EPS, which is a real rebound.
At a glance
n/a balance sheet
5/100 earnings predictability — expect surprises
2.5% return on capital — nothing to write home about
-$29.67 fy2024 eps est
$839M fy2024 rev est
xvary composite: 18/100 — weak
What they do
BRC Group runs four businesses: capital markets, wealth management, telecom, and retail.
Your edge here is bundling. One client can use capital markets, research, trading, and wealth management in one place. That is cheaper than four vendors, and 2,056 employees give the company the bench to sell the bundle.
How they make money
$1.1B
annual revenue
Capital markets and restructuring
$0.46B
Wealth management
$0.25B
Telecom services
$0.22B
Retail and other
$0.17B
The products that matter
investment banking and research
Capital Markets
$116.2M q3 2025 revenue
it produced $116.2M in Q3 2025 revenue and $60.7M in segment income. that was the quarter's engine and the clearest sign the operating story can still snap back.
quarter driver
fund and asset management
Wealth Management
part of $1.1B trailing revenue
this should be the steadier fee base, but the snapshot does not break out standalone revenue. if you are judging recurring earnings power, that missing disclosure matters.
disclosure gap
direct lending and owned investments
Principal Investments
earnings swing factor
this is where variability shows up fast. with earnings predictability at 5/100, gains and losses from owned investments can turn one quarter into a recovery story and the next into damage control.
volatility source
Key numbers
$1.1B
annual revenue
You get scale here, but it sits beside a $1.2B debt load, so size does not equal safety.
$1.2B
long-term debt
Debt is bigger than annual revenue, which keeps the equity story fragile.
84%
debt share
Debt is 84% of capital, so lenders have more leverage over the story than shareholders do.
$239M
market cap
The market values the equity far below the debt stack above it.
Financial health
n/a
strength
- balance sheet grade n/a
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $1.2B (84% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for RILY right now.
source: institutional data · return history unavailable
What just happened
beat estimates
RILY printed $601M of quarterly revenue and $7.02 EPS, which is a real rebound.
Revenue rose 179% from a year earlier, and EPS rose 141%. The quarter looked strong, but the $1.2B debt load still owns the room.
$275M
revenue
$7.02
eps
+179%
revenue growth
the number that mattered
The $7.02 EPS print matters because it shows the business can still earn money in a good quarter, even with the balance sheet hanging over it.
source: company earnings report, 2026
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What could go wrong
the top threat here is balance-sheet pressure at B. Riley Financial. A $239M equity value against $1.2B in long-term debt means the capital structure, not the franchise, is still running the story.
high
balance-sheet pressure
Long-term debt is $1.2B, equal to 84% of capital. Management retired $37.9M in March 2026, but that trims only a small piece of the stack.
The equity is worth $239M. The debt load is roughly five times that. You do not need a large operating miss for the capital structure to do the damage.
high
earnings that swing hard
Earnings predictability is 5/100. The business moved from a $9.39 per-share loss from a year ago to $2.91 EPS in Q3 2025.
That swing makes valuation look cheap in the rebound quarter and unreliable in the next one. It is hard for you to underwrite a franchise when the range is this wide.
med
capital markets dependency
Q3 2025 looked better because Capital Markets delivered $116.2M in revenue and $60.7M in segment income. That works when issuance, advisory, and restructuring activity are alive and fades fast when they are not.
The rebound case leans on a business line tied to market conditions you do not control. If deal activity cools, the cleanest proof point in the story goes with it.
med
thin visibility into the steadier pieces
Wealth Management and Principal Investments matter, but this snapshot does not break out standalone revenue for those segments.
That makes it harder for you to separate repeatable fee income from more volatile balance-sheet results. When disclosure is thin, the market usually assumes the riskier mix.
A company that fell 49.0% last year, carries $1.2B of long-term debt, and screens with a 5/100 predictability score does not have much margin for error.
source: institutional data · regulatory filings · risk analysis
Pay attention to
next report
final Q4 and full-year 2025 numbers
Preliminary estimates came out Jan. 29, 2026. The final release needs to show whether Q3 was the start of a trend or the cleanest quarter in a messy stretch.
balance sheet
debt reduction pace
$37.9M retired in March 2026 is progress, but it barely dents $1.2B. You want steady follow-through, not a single cleanup headline.
business line
capital markets staying profitable
Capital Markets delivered $116.2M in revenue and $60.7M in segment income in Q3 2025. If that segment cools off, the repair story loses its clearest proof point.
listing risk
Nasdaq compliance staying a non-story
Compliance was restored after profitability returned. You want that to stay boring. When listing status is part of the thesis, the thesis is already fragile.
Analyst rankings
earnings predictability
5 / 100
in human-speak, analysts do not see a stable earnings pattern here. expect sharp swings and little forgiveness when a quarter misses.
risk rank
5
risk rank: 5. you're looking at a stock that screens as riskier than about 95% of the market.
source: institutional data
Institutional activity
institutional ownership data for RILY is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$7
current price
n/a
target midpoint · n/a from current
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