Filing Flows › BRC Group Holdings (RILY) › Q3 2026 › vs Q2 2026
BRC Group Holdings (RILY) Q3 2026 vs Q2 2026 (quarter over quarter)
BRC Group Holdings's revenue fell $206M (-86%) from $239M in Q2 2026 to $33.0M in Q3 2026. The biggest changes: Corporate finance, consulting and investment banking fees −$10.9M (-32%); Fair value adjustments on loans −$3.0M (-71%); Commissions, fees and reimbursed expenses −$1.8M (-17%).
BRC Group Holdings, Q3 2026: revenue $33.0M (-88% year over year), operating margin -423.0%, net loss $248M, operating cash flow $104M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 309.9% | -8.1% | +318.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Corporate finance, consulting and investment banking fees | $23.1M | $33.9M | −$10.9M | -32% |
| Commissions, fees and reimbursed expenses | $8.8M | $10.5M | −$1.8M | -17% |
| Fair value adjustments on loans | $1.2M | $4.2M | −$3.0M | -71% |
| Revenue | $33.0M | $239M | −$206M | -86% |
| Income tax benefit | $24.0M | −$6.0M | $30.0M | — |
| Net loss | $248M | −$21.6M | $269M | — |
| Costs & expenses | $305M | $239M | $65.7M | +27% |
| Operating costs | $173M | $201M | −$28.2M | -14% |
| Interest & other, net | $132M | $10.6M | $121M | 12× |
| Cost of revenue | $28.9M | $31.4M | −$2.5M | -8% |
| SG&A | $114M | $133M | −$19.0M | -14% |
| Other operating costs | $29.4M | $36.2M | −$6.7M | -19% |
| Operating cash sources | $352M | −$39.8M | $391M | — |
| Depreciation & amortization | $7.4M | $7.5M | −$180K | -2% |
| Share-based compensation | $1.6M | $3.2M | −$1.6M | -51% |
| Working capital & other | $343M | −$50.6M | $393M | — |
| Net loss absorbed | $248M | −$21.6M | $269M | — |
| Operating cash flow | $104M | −$18.2M | $122M | — |
| Free cash flow (OCF − capex) | $102M | −$19.4M | $122M | — |
| Capital expenditures | $1.6M | $1.3M | $382K | +30% |
Questions
How much did BRC Group Holdings's revenue grow quarter over quarter in Q3 2026?
BRC Group Holdings's revenue fell $206M (-86%) from $239M in Q2 2026 to $33.0M in Q3 2026.
What drove BRC Group Holdings's revenue change in Q3 2026?
Corporate finance, consulting and investment banking fees −$10.9M (-32%); Fair value adjustments on loans −$3.0M (-71%); Commissions, fees and reimbursed expenses −$1.8M (-17%).