--- title: "B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2026 Q2 Revenue: USD 239.12 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295175261.md" datetime: "2026-08-07T03:26:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295175261.md) - [en](https://longbridge.com/en/news/295175261.md) - [zh-HK](https://longbridge.com/zh-HK/news/295175261.md) generator: "portal-rs" --- # B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2026 Q2 Revenue: USD 239.12 M Revenue: As of FY2026 Q2, the actual value is USD 239.12 M. EPS: As of FY2026 Q2, the actual value is USD 0.45. EBIT: As of FY2026 Q2, the actual value is USD 45.22 M. ### Net Income Available to Common Shareholders Net income available to common shareholders for the second quarter of 2026 was $18.5 million, compared to $137.5 million in the prior-year period, primarily due to substantial income from discontinued operations and gain on senior note exchange in the prior-year period . Year-to-date net income available to common shareholders increased 83% to $229.8 million for the six months ended June 30, 2026, up from $125.5 million for the same period in 2025, driven primarily by substantial gains on the Company’s investment portfolio . ### Adjusted EBITDA Adjusted EBITDA was $61.3 million for the second quarter of 2026, an increase from $60.0 million in the second quarter of 2025 . Year-to-date Adjusted EBITDA increased to $323.4 million for the six months ended June 30, 2026, up from $14.7 million in the prior-year period . ### Operating Adjusted EBITDA Operating Adjusted EBITDA was $66.0 million for the second quarter of 2026, up from $43.3 million in the second quarter of 2025 . For the six months ended June 30, 2026, Operating Adjusted EBITDA was $100.4 million, an increase from $38.3 million for the same period in 2025 . ### Debt Total Debt decreased by $150.7 million during the first six months of 2026 to $1.28 billion . Net Debt reduced by $341.7 million to $285.2 million as of June 30, 2026, from $627.0 million at December 31, 2025, primarily due to investment appreciation . ### Investment Portfolio Total Investments increased to $804.5 million as of June 30, 2026, up from $520.5 million at December 31, 2025 . This included $723.7 million of securities and other investments owned as of June 30, 2026, compared to $446.8 million at December 31, 2025 . ### Cash Position Cash, cash equivalents, and restricted cash totaled $155.6 million at June 30, 2026, compared to $229.3 million at December 31, 2025 . ### Segment Revenues and Income #### Capital Markets Segment revenues for the second quarter of 2026 were $53.7 million, with segment income of $13.1 million, compared to $61.3 million and $17.2 million, respectively, in the prior-year period . For the six months ended June 30, 2026, segment revenues increased to $225.8 million from $63.4 million, and segment income increased to $150.4 million from a loss of - $18.5 million in the prior-year period, driven by investment gains and increased underwriting and advisory activity . #### Wealth Management Segment revenues increased to $58.0 million in the second quarter of 2026, up from $38.6 million in the prior-year period, and segment income increased to $17.5 million, up from a loss of - $1.3 million . For the six months ended June 30, 2026, segment revenues rose to $110.1 million from $85.9 million, and segment income increased to $33.5 million from $0.4 million, primarily due to strong contributions from high-margin structured financing and carried-interest activity . Client assets under management were approximately $12.1 billion at June 30, 2026 . #### Communications Business Group (CBG) Combined CBG revenues were $57.6 million in the second quarter of 2026, compared to $62.2 million in the prior-year period, while CBG income increased to $14.0 million from $11.4 million . For the six months ended June 30, 2026, combined CBG revenues were $117.5 million, compared to $126.7 million, and CBG income rose to $26.5 million from $22.0 million, primarily due to successful cost reduction initiatives . #### Consumer Products Segment revenues increased to $43.5 million in the second quarter of 2026, up from $43.3 million in the prior-year period, and segment loss narrowed to - $5.7 million from - $5.9 million . For the six months ended June 30, 2026, segment revenues increased to $87.7 million, up from $85.4 million, and segment loss narrowed to - $8.3 million from - $11.0 million, driven by improvements in distribution and e-commerce channel sales . ### Operational Metrics BRC Group Holdings, Inc. added five senior producers to B. Riley Securities during the quarter, including three key alumni . B. Riley Securities participated in transactions representing over $21 billion in total deal value and helped clients raise $8.5 billion in combined equity and debt capital, including $3.5 billion in equity issuance and nearly $5.0 billion in debt issuance . The company’s 26th Annual Institutional Investor Conference in May brought together issuers and investors around approximately 180 companies . ### Outlook / Guidance The company anticipates carrying its momentum into its Consumer TMT Conference in New York on September 10th . Additionally, it expects to maintain this momentum through its annual Convergence Conference in December . ### Related Stocks - [RILYL.US](https://longbridge.com/en/quote/RILYL.US.md) ## Related News & Research - [BRC Group Holdings releases transcript of Q2 2026 earnings call](https://longbridge.com/en/news/296250273.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**