Filing Flows › BRC Group Holdings (RILY) › Q1 2026
BRC Group Holdings (RILY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
BRC Group Holdings (RILY) reported revenue of $352M for the first quarter 2026 (Q1 2026), +89% from a year earlier and +26% from the quarter before. Operating margin was 43.4%, net earnings $213M (60.6% of revenue).
BRC Group Holdings, Q1 2026: revenue $352M (+89% year over year), operating margin 43.4%, net earnings $213M, operating cash flow $38.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $352M | +26% | +89% |
| Operating profit | $153M | +151% | — |
| Net earnings | $213M | +146% | — |
| Operating cash flow | $38.1M | +45% | 207× |
| Free cash flow | $37.1M | +47% | — |
What changed
Revenue was $352.1M in Q1 2026, up 89% year over year and up 26% from the previous quarter. Trading (losses) gains, net was the largest line at 41% of revenue. Trading (losses) gains, net added $161.2M year over year, 97% of the total change. Advertising and other declined 51%.
Operating profit was $152.9M, a 43.4% margin (up 76.5 points year over year). Total costs fell 20% while revenue rose 89%. Net earnings were $213.3M. The effective tax rate was 7.1%. Non-operating items added $86.1M, 36% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $38.1M (up 20592% year over year), 17% of net income including minority interests. Non-cash charges added back $7.6M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $194.1M. Capital expenditures of $1.0M left free cash flow of $37.1M.
Questions
What was BRC Group Holdings' revenue in the first quarter 2026?
BRC Group Holdings (RILY) reported revenue of $352M for the first quarter 2026 (Q1 2026), +89% from a year earlier and +26% from the quarter before.
Was BRC Group Holdings profitable in the first quarter 2026?
Operating profit was $153M (43.4% of revenue) and net earnings $213M.
Source: BRC Group Holdings 10-Q on SEC EDGAR.