--- title: "B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2026 Q1 Revenue: USD 352.06 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285608265.md" datetime: "2026-05-07T20:08:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285608265.md) - [en](https://longbridge.com/en/news/285608265.md) - [zh-HK](https://longbridge.com/zh-HK/news/285608265.md) --- # B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2026 Q1 Revenue: USD 352.06 M Revenue: As of FY2026 Q1, the actual value is USD 352.06 M. EPS: As of FY2026 Q1, the actual value is USD 6.57. EBIT: As of FY2026 Q1, the actual value is USD 172.36 M. ### Financial Highlights for Q1 2026 #### Net Income BRC Group Holdings, Inc. reported net income available to common shareholders of $211.258 million for the first quarter of 2026, a significant increase from a net loss of - $11.990 million in the first quarter of 2025 . This improvement was primarily driven by trading gains and lower operating expenses . #### Operational Metrics - **Operating Income (Loss):** The company achieved an operating income of $152.928 million in Q1 2026, compared to an operating loss of - $61.477 million in Q1 2025 . - **Total Operating Expenses:** Total operating expenses decreased to $199.132 million in Q1 2026 from $247.540 million in Q1 2025 . - **Adjusted EBITDA:** Adjusted EBITDA for Q1 2026 was $262.151 million, a substantial increase from - $45.317 million in Q1 2025 . - **Operating Adjusted EBITDA:** Operating Adjusted EBITDA was $34.648 million in Q1 2026, up from - $5.610 million in Q1 2025 . #### Debt and Investments - **Total Debt:** Total debt was reduced by $128.9 million to $1.299 billion as of March 31, 2026, down from $1.428 billion at December 31, 2025 . - **Net Debt:** Net Debt substantially declined by $254.6 million to $372.351 million at March 31, 2026, from $626.991 million at December 31, 2025 . This reduction was mainly due to investment appreciation and bond-for-equity senior note exchanges . - **Cash and Cash Equivalents:** Cash, cash equivalents, and restricted cash totaled $178.022 million at March 31, 2026, a decrease from $229.277 million at December 31, 2025 . - **Securities and Other Investments Owned:** Securities and other investments owned increased to $639.668 million at March 31, 2026, from $446.843 million at December 31, 2025 . - **Total Investments:** Total Investments were $705.061 million at March 31, 2026, up from $520.465 million at December 31, 2025 . This increase was primarily due to investment appreciation in Babcock & Wilcox . #### Cash Flow Information regarding operating cash flow and free cash flow is not available in the provided reference text. ### Segment Performance (Q1 2026 vs. Q1 2025) #### Capital Markets - **Segment Revenues:** Increased to $172.111 million from $2.100 million . - **Segment Income:** Increased to $137.235 million from - $35.743 million, driven by higher trading gains and advisory revenues . #### Wealth Management - **Segment Revenues:** Increased to $52.175 million from $47.278 million . - **Segment Income:** Increased to $15.984 million from $1.724 million, attributed to increased carried interest appreciation and lower operating expenses . - **Client Assets Under Management:** Approximately $11.9 billion as of March 31, 2026 . #### Communications Business Group (CBG) - **Combined Revenues:** Decreased to $59.9 million from $64.5 million, consistent with customer attrition expectations . - Lingo: $40.790 million (2026) vs $41.553 million (2025) . - magicJack: $8.783 million (2026) vs $9.801 million (2025) . - Marconi Wireless: $7.537 million (2026) vs $9.487 million (2025) . - UOL: $2.821 million (2026) vs $3.633 million (2025) . - **Combined Income:** Increased to $12.6 million from $10.6 million . - Lingo: $3.764 million (2026) vs $2.399 million (2025) . - magicJack: $4.251 million (2026) vs $4.616 million (2025) . - Marconi Wireless: $3.077 million (2026) vs $1.744 million (2025) . - UOL: $1.473 million (2026) vs $1.854 million (2025) . #### Consumer Products - **Segment Revenues:** Increased to $44.115 million from $42.103 million . - **Segment Loss:** Decreased to - $2.641 million from - $5.141 million, due to improvements in distribution channel sales . ### Outlook / Guidance BRC Group Holdings, Inc. plans to repurchase minority shares of B. Riley Securities (BRS) and merge BRS with B. Riley Wealth (BRW) by year-end, expecting to better serve their core client base and leverage proprietary capital . The company anticipates future business growth, expected revenue growth, and appreciation of its investment portfolio . This proposed merger is subject to FINRA and other regulatory approvals, with no assurance that such approvals will be obtained without conditions . ### Related Stocks - [RILYL.US](https://longbridge.com/en/quote/RILYL.US.md) ## Related News & Research - [Neurocrine amends 8-K to update pro forma financials for Soleno acquisition](https://longbridge.com/en/news/294550648.md) - [Ascopiave announces filing of H1 2026 interim financial report](https://longbridge.com/en/news/294500822.md) - [BRKR: Q2 2026 delivered strong revenue and EPS growth, with raised FY 2026 guidance](https://longbridge.com/en/news/294812512.md) - [Strix Group publishes 2026 annual report and accounts](https://longbridge.com/en/news/294769593.md) - [Graham Holdings posts earnings release for Q2 ended June 30, 2026](https://longbridge.com/en/news/294366954.md)