Filing Flows › BRC Group Holdings (RILY) › Q2 2025
BRC Group Holdings (RILY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Dec 15, 2025
BRC Group Holdings (RILY) reported revenue of $225M for the second quarter 2025 (Q2 2025), +137% from a year earlier and +21% from the quarter before. Operating margin was 4.8%, net earnings $139M (61.9% of revenue).
BRC Group Holdings, Q2 2025: revenue $225M (+137% year over year), operating margin 4.8%, net earnings $139M, operating cash flow −$25.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $225M | +21% | +137% |
| Operating profit | $10.8M | — | — |
| Net earnings | $139M | — | — |
| Operating cash flow | −$25.6M | -13991% | — |
What changed
Revenue was $225.3M in Q2 2025, up 137% year over year and up 21% from the previous quarter. Subscription services was the largest line at 26% of revenue. Interest income - securities lending declined 91%.
Operating profit was $10.8M, a 4.8% margin (up 249.9 points year over year). Total costs fell 35% while revenue rose 137%. Net earnings were $139.5M. The effective tax rate was 2.1%. Non-operating items added $133.2M, 92% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$25.6M. Non-cash charges added back $8.7M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $180.3M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$28.0M.
Questions
What was BRC Group Holdings' revenue in the second quarter 2025?
BRC Group Holdings (RILY) reported revenue of $225M for the second quarter 2025 (Q2 2025), +137% from a year earlier and +21% from the quarter before.
Was BRC Group Holdings profitable in the second quarter 2025?
Operating profit was $10.8M (4.8% of revenue) and net earnings $139M.
Source: BRC Group Holdings 10-Q on SEC EDGAR.