Filing Flows › BRC Group Holdings (RILY) › Q3 2026 › vs Q3 2025
BRC Group Holdings (RILY) Q3 2026 vs Q3 2025 (year over year)
BRC Group Holdings's revenue fell $245M (-88%) from $278M in Q3 2025 to $33.0M in Q3 2026. The biggest changes: Corporate finance, consulting and investment banking fees −$30.8M (-57%); Commissions, fees and reimbursed expenses +$980K (+13%); Fair value adjustments on loans −$84K (-6%).
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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 309.9% | -22.2% | +332.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Corporate finance, consulting and investment banking fees | $23.1M | $53.9M | −$30.8M | -57% |
| Commissions, fees and reimbursed expenses | $8.8M | $7.8M | $980K | +13% |
| Fair value adjustments on loans | $1.2M | $1.3M | −$84K | -6% |
| Revenue | $33.0M | $278M | −$245M | -88% |
| Income tax benefit | $24.0M | −$1.2M | $25.2M | — |
| Net loss | $248M | −$95.6M | $343M | — |
| Costs & expenses | $305M | $309M | −$4.4M | -1% |
| Operating costs | $173M | $212M | −$39.7M | -19% |
| Interest & other, net | $132M | −$31.3M | $163M | — |
| Cost of revenue | $28.9M | $35.0M | −$6.1M | -17% |
| SG&A | $114M | $144M | −$29.5M | -20% |
| Other operating costs | $29.4M | $33.6M | −$4.1M | -12% |
| Operating cash sources | $352M | −$156M | $508M | — |
| Depreciation & amortization | $7.4M | $8.4M | −$1.1M | -13% |
| Share-based compensation | $1.6M | $2.4M | −$828K | -34% |
| Working capital & other | $343M | −$167M | $510M | — |
| Net loss absorbed | $248M | −$95.6M | $343M | — |
| Operating cash flow | $104M | −$60.6M | $165M | — |
| Free cash flow (OCF − capex) | $102M | −$61.7M | $164M | — |
| Capital expenditures | $1.6M | $1.1M | $501K | +44% |
Questions
How much did BRC Group Holdings's revenue grow year over year in Q3 2026?
BRC Group Holdings's revenue fell $245M (-88%) from $278M in Q3 2025 to $33.0M in Q3 2026.
What drove BRC Group Holdings's revenue change in Q3 2026?
Corporate finance, consulting and investment banking fees −$30.8M (-57%); Commissions, fees and reimbursed expenses +$980K (+13%); Fair value adjustments on loans −$84K (-6%).