--- title: "B Riley Financial Pref Share RILYP 6.875 Perp 10/07/24 | 8-K: FY2026 Q2 Revenue: USD 239.12 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295175409.md" datetime: "2026-08-07T03:27:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295175409.md) - [en](https://longbridge.com/en/news/295175409.md) - [zh-HK](https://longbridge.com/zh-HK/news/295175409.md) generator: "portal-rs" --- # B Riley Financial Pref Share RILYP 6.875 Perp 10/07/24 | 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 45.56 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 a gain on senior note exchange in the prior-year period. For the six months ended June 30, 2026, net income available to common shareholders increased 83% to $229.8 million, up from $125.5 million in the prior-year period, driven primarily by substantial gains on the Company’s investment portfolio. #### Total Revenues Total revenues for the second quarter of 2026 increased to $239.1 million, up from $225.3 million in the prior-year period, primarily driven by a 50% year-over-year increase in Wealth Management segment revenues. Year-to-date revenues increased 44% to $591.2 million for the six months ended June 30, 2026, up from $411.4 million in the prior-year period, primarily due to substantial trading gains in 2026 and higher service and fees revenue in Capital Markets. #### Adjusted EBITDA Adjusted EBITDA was $61.3 million for the second quarter of 2026, compared to $60.0 million in the second quarter of 2025. For the six months ended June 30, 2026, Adjusted EBITDA increased to $323.4 million, 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 increased to $100.4 million, up from $38.3 million in the prior-year period. #### Debt Reduction Total Debt decreased by $150.7 million during the first six months of 2026, reaching $1.28 billion as of June 30, 2026, down from $1.43 billion at December 31, 2025. 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. Securities and other investments owned totaled $723.7 million as of June 30, 2026, up from $446.8 million at December 31, 2025. #### Cash and Cash Equivalents Cash, cash equivalents, and restricted cash totaled $155.6 million at June 30, 2026, compared to $229.3 million at December 31, 2025. #### Segment Performance ##### Capital Markets Second quarter 2026 segment revenues were $53.7 million, compared to $61.3 million in the prior-year period, with segment income at $13.1 million, down from $17.2 million. 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, up from a loss of - $18.5 million. ##### Wealth Management Second quarter 2026 segment revenues increased to $58.0 million, up from $38.6 million, and segment income rose 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. BRC Group Holdings, Inc. Wealth had approximately $12.1 billion of client assets under management 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 combined CBG income increased to $14.0 million, up 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 combined CBG income rose to $26.5 million, up from $22.0 million. ##### Consumer Products Second quarter 2026 segment revenues increased to $43.5 million, up from $43.3 million, 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. #### Operational Metrics 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. Additionally, five senior producers were added to B. Riley Securities during the second quarter, including three key alumni. #### Outlook BRC Group Holdings, Inc. anticipates continuing its momentum into upcoming events. The company looks forward to its Consumer TMT Conference in New York on September 10th. 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