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BRC Group Holdings, Inc. Reports Strong Q2 2026 Financial Results

BRC Group Holdings, Inc. (Nasdaq: RILY) has announced impressive financial outcomes for the second quarter of 2026. The diversified holding company reported net income of $18.5 million, signaling a robust performance despite the backdrop of diverse market conditions. The company’s year-to-date revenues surged by 44%, reaching $591.2 million, while second-quarter revenues rose to $239.1 million from $225.3 million in the same period last year.

Financial Highlights

Net Income and Earnings Per Share

For the first half of 2026, net income available to common shareholders soared to $229.8 million, or $6.47 per diluted share, marking an 83% increase compared to the previous year. In contrast, the second quarter witnessed net income of $18.5 million, reflecting a drop from $137.5 million in 2025, primarily due to substantial income from discontinued operations recorded last year.

Adjusted EBITDA Performance

BRCGH reported an Adjusted EBITDA of $61.3 million for the second quarter of 2026, up slightly from $60.0 million in the second quarter of 2025. Meanwhile, the year-to-date Adjusted EBITDA reached $323.4 million, a significant increase compared to just $14.7 million for the same year-ago period. Operating Adjusted EBITDA was registered at $66.0 million for the quarter and $100.4 million for the six-month period ending June 30.

Debt Reduction

The company made substantial progress in debt reduction, decreasing total debt by $150.7 million within the first six months of the year to $1.28 billion. Net debt saw a remarkable reduction of $341.7 million, now standing at $285.2 million, bolstered by favorable investment performance.

Investments and Talent Acquisition

As of June 30, 2026, BRC Group's total investments elevated to $804.5 million, including $723.7 million worth of securities. In a strategic move to enhance its operational efficiency, the company recruited five senior producers to join B. Riley Securities during the quarter, reinforcing its team with seasoned professionals.

Strategic Comments from Leadership

Bryant Riley, Chairman and Co-CEO, reflected on these achievements, emphasizing the robust foundation and diversified platform that underpins the company's growth. He mentioned:

"For the second quarter, we generated $18.5 million in net income and $66.0 million in Operating Adjusted EBITDA - a record result since Q3 2023. Our net income for the first half totaled $229.8 million. This growth signifies our commitment to strengthening our balance sheet and capitalizing on investment opportunities."

Riley noted that B. Riley Securities successfully participated in transactions totaling over $21 billion, supporting clients in raising combined equity and debt capital of $8.5 billion, including a four-year high in equity issuance of $3.5 billion.

Market Engagement and Events

BRC Group has been actively engaging with stakeholders. The company hosted its 26th Annual Institutional Investor Conference, which connected issuers with investors from approximately 180 different companies. Upcoming, the firm is set to host the Consumer TMT Conference in New York on September 10 and the annual Convergence Conference in December, highlighting their continuous commitment to capital market innovation.

Conclusion

BRC Group Holdings, Inc.'s financial results for Q2 2026 underscore a strong operational performance navigated through disciplined leverage and meaningful client partnerships. The organization remains strategically focused on maximizing stakeholder value while exploring continued growth paths and market opportunities.

Investors can join the upcoming earnings call on August 6, 2026, at 4:30 PM ET to discuss detailed financial performance and strategic plans further. For complete information, please visit their investor relations site at ir.brcgh.com.