--- title: "B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2025 Revenue: USD 967.6 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/281236783.md" datetime: "2026-03-31T20:12:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281236783.md) - [en](https://longbridge.com/en/news/281236783.md) - [zh-HK](https://longbridge.com/zh-HK/news/281236783.md) --- # B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2025 Revenue: USD 967.6 M Revenue: As of FY2025, the actual value is USD 967.6 M. EPS: As of FY2025, the actual value is USD 9.8. EBIT: As of FY2025, the actual value is USD 164.61 M. ### Financial and Operational Metrics for BRC Group Holdings, Inc. #### Net Income Available to Common Shareholders Net income available to common shareholders for the fourth quarter of 2025 was $84,821 thousand, a significant increase from $877 thousand in Q4 2024 . For the full year 2025, it reached $299,355 thousand, up from a net loss of - $772,334 thousand in Full Year 2024 . #### Adjusted EBITDA Adjusted EBITDA for the fourth quarter of 2025 was $104,213 thousand, a substantial improvement from - $113,838 thousand in Q4 2024 . For the full year 2025, it was $231,115 thousand, up from - $568,292 thousand in Full Year 2024 . #### Operating Adjusted EBITDA Operating Adjusted EBITDA for the fourth quarter of 2025 was $20,473 thousand, an increase from $15,210 thousand in Q4 2024 . The full year 2025 figure was $112,088 thousand, up from $100,903 thousand in Full Year 2024 . #### Operating Expenses (Total) Total operating expenses in the fourth quarter of 2025 were $217,529 thousand, down from $345,373 thousand in Q4 2024 . For the full year 2025, total operating expenses were $892,018 thousand, a decrease from $1,243,968 thousand in Full Year 2024 . #### Operating Income (Loss) Operating income for the fourth quarter of 2025 was $60,834 thousand, a significant improvement from - $166,791 thousand in Q4 2024 . For the full year 2025, operating income was $75,581 thousand, up from - $497,547 thousand in Full Year 2024 . #### Debt and Cash Position Total debt as of December 31, 2025, was $1.43 billion, reduced by $346.6 million from $1.77 billion at December 31, 2024 . Net debt stood at $627.0 million, a substantial decline of $436.7 million from $1.06 billion at December 31, 2024 . Cash, cash equivalents, and restricted cash were $229.3 million as of December 31, 2025, down from $247.3 million at December 31, 2024 . #### Investments Securities and other investments owned totaled $446.8 million as of December 31, 2025, an increase from $282.3 million at December 31, 2024 . Total investments were $520.5 million, up from $432.6 million at December 31, 2024, primarily driven by appreciation in public equities . #### Segment Revenues (in thousands) - **Capital Markets:** Q4 2025 revenue was $92,588, up from $48,364 in Q4 2024; Full Year 2025 revenue was $264,712, up from $217,668 in Full Year 2024 . - **Wealth Management:** Q4 2025 revenue was $47,270, down from $48,032 in Q4 2024; Full Year 2025 revenue was $175,572, down from $200,746 in Full Year 2024 . - **Lingo:** Q4 2025 revenue was $42,998, up from $41,878 in Q4 2024; Full Year 2025 revenue was $164,148, down from $195,886 in Full Year 2024 . - **magicJack:** Q4 2025 revenue was $9,025, down from $10,163 in Q4 2024; Full Year 2025 revenue was $37,934, down from $42,845 in Full Year 2024 . - **Marconi Wireless:** Q4 2025 revenue was $7,937, down from $10,078 in Q4 2024; Full Year 2025 revenue was $34,784, down from $41,207 in Full Year 2024 . - **UOL:** Q4 2025 revenue was $3,008, down from $3,769 in Q4 2024; Full Year 2025 revenue was $13,145, down from $15,133 in Full Year 2024 . - **Communications Business Group (CBG) Combined:** Q4 2025 revenue was $63,000, down from $65,900 in Q4 2024; Full Year 2025 revenue was $250,000, down from $295,100 in Full Year 2024 . - **Consumer Products:** Q4 2025 revenue was $49,186, slightly down from $49,858 in Q4 2024; Full Year 2025 revenue was $181,540, down from $202,597 in Full Year 2024 . #### Segment Income (Loss) (in thousands) - **Capital Markets:** Q4 2025 income was $53,230, up from $3,836 in Q4 2024; Full Year 2025 income was $89,486, up from - $18,783 in Full Year 2024 . - **Wealth Management:** Q4 2025 income was $7,651, up from $2,303 in Q4 2024; Full Year 2025 income was $15,246, up from $6,430 in Full Year 2024 . - **Lingo:** Q4 2025 income was $3,846, up from $1,379 in Q4 2024; Full Year 2025 income was $13,136, up from $326 in Full Year 2024 . - **magicJack:** Q4 2025 income was $4,253, down from $4,265 in Q4 2024; Full Year 2025 income was $18,567, up from $18,431 in Full Year 2024 . - **Marconi Wireless:** Q4 2025 income was $3,302, up from $1,782 in Q4 2024; Full Year 2025 income was $9,410, down from $9,833 in Full Year 2024 . - **UOL:** Q4 2025 income was $1,421, down from $1,864 in Q4 2024; Full Year 2025 income was $6,302, up from $5,728 in Full Year 2024 . - **Communications Business Group (CBG) Combined:** Q4 2025 income was $12,800, up from $9,300 in Q4 2024; Full Year 2025 income was $47,400, up from $34,300 in Full Year 2024 . - **Consumer Products:** Q4 2025 income was - $3,970, a reduced loss from - $16,145 in Q4 2024; Full Year 2025 income was - $16,345, a reduced loss from - $52,367 in Full Year 2024 . #### Outlook / Guidance BRC Group Holdings, Inc. anticipates expanding client capacity and driving earnings across its operating businesses in 2026 . The company also aims to increase its investment portfolio value, reduce corporate costs, and continue its debt reduction efforts . These initiatives are expected to capitalize on market opportunities and improve enterprise-wide efficiencies following the resolution of operating distractions in 2025 . ### 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) - [Circle8 amends Form 8-K to correct typographical, drafting errors](https://longbridge.com/en/news/296348348.md) - [Vital Farms amends 8-K to add missing Item 5.03 in EDGAR header](https://longbridge.com/en/news/296122466.md) - [Steel Dynamics amends 8-K to disclose $2 million transition awards for Schneider, Graham](https://longbridge.com/en/news/296269478.md) - [EL: Full-year sales and margins rose, with 2027 guidance raised for both growth and profitability](https://longbridge.com/en/news/296341885.md)