Filing Flows › BRC Group Holdings (RILY) › Q4 2025
BRC Group Holdings (RILY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
BRC Group Holdings (RILY) reported revenue of $278M for the fourth quarter 2025 (Q4 2025), +56% from a year earlier and +0.2% from the quarter before. Operating margin was 21.9%, net earnings $86.8M (31.2% of revenue).
BRC Group Holdings, Q4 2025: revenue $278M (+56% year over year), operating margin 21.9%, net earnings $86.8M, operating cash flow $26.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $278M | +0.2% | +56% |
| Operating profit | $60.8M | -7% | — |
| Net earnings | $86.8M | -5% | 30× |
| Operating cash flow | $26.2M | — | — |
| Free cash flow | $25.2M | — | — |
What changed
Revenue was $278.4M in Q4 2025, up 56% year over year and roughly flat from the previous quarter. Subscription services was the largest line at 22% of revenue.
Operating profit was $60.8M, a 21.9% margin (up 115.3 points year over year). Total costs fell 37% while revenue rose 56%. Net earnings were $86.8M, up 2903% year over year. The effective tax rate was -14.0%. Non-operating items added $18.4M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.2M, 29% of net income including minority interests. Non-cash charges added back $7.9M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $75.0M. Capital expenditures of $1.0M left free cash flow of $25.2M.
Questions
What was BRC Group Holdings' revenue in the fourth quarter 2025?
BRC Group Holdings (RILY) reported revenue of $278M for the fourth quarter 2025 (Q4 2025), +56% from a year earlier and +0.2% from the quarter before.
Was BRC Group Holdings profitable in the fourth quarter 2025?
Operating profit was $60.8M (21.9% of revenue) and net earnings $86.8M.
Source: BRC Group Holdings 10-K on SEC EDGAR.