Credit and interest ratesnegative · 6 filings
“The decreases in interest expense primarily consisted of $10.0 million from Corporate and All Other primarily due to lower debt balances.”10-Q · May 7, 2026 ↗
BRC Group Holdings, Inc.
RILY
Market read
BRC Group Holdings, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Company+0.1% todayVolume comparison unavailable
Market group0 of 10 activeCoal and Real Estate · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- RILY's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if RILY's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- RILY's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations317
Usable filing statements382
Verified relationships4
Evidence supporting the case
- Operating margin changed +60.0 percentage points in the latest annual period.
- Net margin changed +116.5 percentage points in the latest annual period.
Evidence challenging the case
- Latest annual revenue changed -20.0% year over year.
- Operating cash flow was only -0.194x net income in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 6 filings.
- Restructuring and cost reductions has repeated adverse evidence across 5 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 8, 2026
7.046m-1.7%12m+40.1%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.2B+77.3%$15.09+9.4%
2022-12-31$825.6M-30.0%$-5.95-2.8%
2023-12-31$1.1B+34.6%$-3.69+3.8%
2024-12-31$986.0M-11.2%$-25.46+3.7%
2025-12-31$789.0M-20.0%$9.80+0.7%
What management says matters
Persistent and emerging business drivers
Restructuring and cost reductionsnegative · 5 filings
“Corporate and All Other The decrease in selling, general and administrative expenses in the Corporate and All Other category during the three months ended March 31, 2026, compared to the three months ended March 31, 2025, was primarily due to the following: •…”10-Q · May 7, 2026 ↗
Demand and volumenegative · 1 filings
“driven by lower product sales attributable to an ongoing decline in active customers; partially offset by 71 • $2.0 million increase in the Consumer Products segment, driven by stronger distributor demand ahead of anticipated price increases from rising trans…”10-Q · May 7, 2026 ↗
Input and raw-material costsmixed · 1 filings
“a favorable shift in product mix toward higher margin products, partially offset by higher inventory reserve charges recorded in the prior year quarter; and • $0.1 million decrease from the magicJack segment due to lower hardware-related costs resulting from…”10-Q · May 7, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
7.04+0.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 8 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for RILY. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for RILY. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind RILY
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
NMRNomura Holdings, Inc.lenderMar 31, 2026 ▾
“The Company executed a new term loan facility on February 26, 2025 with Oaktree affiliated companies, with a maturity date of February 26, 2028 and the proceeds were primarily used to repay all amounts outstanding under the Nomura Credit Agreement.”
AXAxos Financial, Inc.partnerMar 31, 2026 ▾
“In light of the significant factual issues to be resolved with respect to the asserted claims and other proceedings described above and uncertainties regarding unasserted claims described above, at the present time reasonably possible losses cannot be estimat…”
AXAxos Financial, Inc.lenderMay 7, 2026 ▾
“In light of the significant factual issues to be resolved with respect to the asserted claims and other proceedings described above and uncertainties regarding unasserted claims described above, at the present time reasonably possible losses cannot be estimat…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
RILY is currently a Follower in the organic co-movement group Coal and Real Estate. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for RILY; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.