BRC Group Holdings, Inc.
RILY Nasdaq Investment Advice Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$968M
29.6%
vs prior year
Operating margin
Operating income as a share of revenue.
7.8%
74.5 pts
Net income
Profit after all expenses, interest and tax.
$307M
Free cash flow
Cash from operations minus capital spending.
—
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
7.3%
51.2 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $12.71 EPS (TTM)
What BRC Group Holdings, Inc. does
No business description yet.
- Legal name
- BRC Group Holdings, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Accession · CIK
- 0001464790-26-000024
0001464790
Revenue and margins
BRC Group Holdings, Inc. had $968M of revenue in fiscal 2025, up 29.6% on the year before.
FY16
Revenue $190M
FY17
Revenue $322M
FY18
Revenue $423M
FY19
Revenue $652M
FY20
Revenue $834M
FY21
Revenue $1.6B
FY22
Revenue $939M
FY23
Revenue $1.5B
FY24
Revenue $746M
FY25
Revenue $968M
Q3 '23
Revenue $363M
Q4 '23
Revenue $314M
Q1 '24
Revenue $298M
Q2 '24
Revenue $94.9M
Q3 '24
Revenue $175M
Q4 '24
Revenue $179M
Q1 '25
Revenue $186M
Q2 '25
Revenue $225M
Q3 '25
Revenue $278M
Q4 '25
Revenue $278M
Q1 '26
Revenue $352M
Q2 '26
Revenue $239M
FY16
Gross 92.2%
Operating 25.6%
Net 11.3%
FCF 41.8%
FY17
Gross 99.9%
Operating 9.0%
Net 3.6%
FCF −25.6%
FY18
Gross 99.8%
Operating 10.7%
Net 3.9%
FCF −25.4%
FY19
Gross 98.8%
Operating 25.6%
Net 12.5%
FCF −4.7%
FY20
Gross —
Operating 33.1%
Net 24.6%
FCF —
FY21
Gross 98.3%
Operating 33.1%
Net 28.6%
FCF —
FY22
Gross 93.5%
Operating 3.2%
Net −17.0%
FCF —
FY23
Gross 88.2%
Operating 6.6%
Net −6.8%
FCF —
FY24
Gross 77.5%
Operating −66.7%
Net −102.4%
FCF —
FY25
Gross 85.0%
Operating 7.8%
Net 31.8%
FCF —
Gross
Operating
Net
FCF
Q3 '23
Gross 88.4%
Operating −2.2%
Net −20.3%
FCF —
Q4 '23
Gross 86.2%
Operating −14.4%
Net −28.6%
FCF —
Q1 '24
Gross 87.0%
Operating −5.4%
Net −16.5%
FCF —
Q2 '24
Gross 58.1%
Operating −245.1%
Net −457.0%
FCF —
Q3 '24
Gross 77.0%
Operating −46.8%
Net −162.2%
FCF —
Q4 '24
Gross 72.7%
Operating −93.4%
Net 1.6%
FCF —
Q1 '25
Gross 80.3%
Operating −33.0%
Net −5.4%
FCF —
Q2 '25
Gross 84.4%
Operating 4.8%
Net 61.9%
FCF —
Q3 '25
Gross 87.4%
Operating 23.5%
Net 32.8%
FCF —
Q4 '25
Gross 86.2%
Operating 21.9%
Net 31.2%
FCF —
Q1 '26
Gross 90.8%
Operating 43.4%
Net 60.6%
FCF —
Q2 '26
Gross 86.9%
Operating 16.0%
Net 8.6%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 26.6% a year. Loss periods are shown in red.
FY16
Net income $21.5M
FY17
Net income $11.6M
FY18
Net income $16.3M
FY19
Net income $81.6M
FY20
Net income $205M
FY21
Net income $445M
FY22
Net income −$160M
FY23
Net income −$99.9M
FY24
Net income −$764M
FY25
Net income $307M
Q3 '23
Net income −$73.8M
Q4 '23
Net income −$89.6M
Q1 '24
Net income −$49.2M
Q2 '24
Net income −$434M
Q3 '24
Net income −$284M
Q4 '24
Net income $2.9M
Q1 '25
Net income −$10.0M
Q2 '25
Net income $139M
Q3 '25
Net income $91.1M
Q4 '25
Net income $86.8M
Q1 '26
Net income $213M
Q2 '26
Net income $20.5M
FY16
Diluted EPS $1.17
FY17
Diluted EPS $0.48
FY18
Diluted EPS $0.58
FY19
Diluted EPS $2.95
FY20
Diluted EPS $7.56
FY21
Diluted EPS $15.09
FY22
Diluted EPS −$5.95
FY23
Diluted EPS −$3.69
FY24
Diluted EPS −$25.46
FY25
Diluted EPS $9.80
Q3 '23
Diluted EPS −$2.53
Q4 '23
Diluted EPS −$3.22
Q1 '24
Diluted EPS −$1.71
Q2 '24
Diluted EPS −$14.35
Q3 '24
Diluted EPS −$9.39
Q4 '24
Diluted EPS −$0.01
Q1 '25
Diluted EPS −$0.39
Q2 '25
Diluted EPS $4.50
Q3 '25
Diluted EPS $2.91
Q4 '25
Diluted EPS $2.78
Q1 '26
Diluted EPS $6.57
Q2 '26
Diluted EPS $0.45
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital —
Return on equity 14.4%
Return on assets 8.1%
FY17
Return on capital —
Return on equity 5.6%
Return on assets 1.4%
FY18
Return on capital —
Return on equity 6.2%
Return on assets 1.0%
FY19
Return on capital —
Return on equity 26.4%
Return on assets 3.8%
FY20
Return on capital —
Return on equity 47.0%
Return on assets 8.2%
FY21
Return on capital —
Return on equity 75.8%
Return on assets 10.5%
FY22
Return on capital —
Return on equity −28.9%
Return on assets −2.7%
FY23
Return on capital —
Return on equity −27.1%
Return on assets −1.6%
FY24
Return on capital −43.9%
Return on equity —
Return on assets −19.4%
FY25
Return on capital 7.3%
Return on equity —
Return on assets 17.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $79.6M
FY17
Free cash flow −$82.6M
FY18
Free cash flow −$108M
FY19
Free cash flow −$30.7M
FY20
Free cash flow —
FY21
Free cash flow —
FY22
Free cash flow —
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow —
FY16
Cash from operations $80.3M
Capital spending $0.7M
FY17
Cash from operations −$81.8M
Capital spending $0.8M
FY18
Cash from operations −$102M
Capital spending $5.4M
FY19
Cash from operations −$27.2M
Capital spending $3.5M
FY20
Cash from operations $57.7M
Capital spending —
FY21
Cash from operations $50.9M
Capital spending —
FY22
Cash from operations $6.7M
Capital spending —
FY23
Cash from operations $24.5M
Capital spending —
FY24
Cash from operations $264M
Capital spending —
FY25
Cash from operations −$59.7M
Capital spending —
Cash from operations
Capital spending
Q3 '23
Cash from operations −$118M
Capital spending —
Q4 '23
Cash from operations $65.5M
Capital spending —
Q1 '24
Cash from operations $135M
Capital spending —
Q2 '24
Cash from operations $111M
Capital spending —
Q3 '24
Cash from operations $19.5M
Capital spending —
Q4 '24
Cash from operations −$2.7M
Capital spending —
Q1 '25
Cash from operations $0.2M
Capital spending —
Q2 '25
Cash from operations −$25.6M
Capital spending —
Q3 '25
Cash from operations −$60.6M
Capital spending —
Q4 '25
Cash from operations $26.2M
Capital spending —
Q1 '26
Cash from operations $38.1M
Capital spending —
Q2 '26
Cash from operations −$18.2M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
BRC Group Holdings, Inc. returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 0.7%.
FY16
Dividends $5.3M
Buybacks —
FY17
Dividends $16.8M
Buybacks —
FY18
Dividends $22.7M
Buybacks $18.7M
FY19
Dividends $41.1M
Buybacks $4.3M
FY20
Dividends $38.8M
Buybacks $48.2M
FY21
Dividends $347M
Buybacks $2.7M
FY22
Dividends $119M
Buybacks $6.5M
FY23
Dividends $141M
Buybacks $69.5M
FY24
Dividends $33.7M
Buybacks $0.0M
FY25
Dividends $0.0M
Buybacks —
Dividends
Buybacks
Q3 '23
Dividends $30.6M
Buybacks −$0.1M
Q4 '23
Dividends $30.1M
Buybacks $15.8M
Q1 '24
Dividends $16.0M
Buybacks $0.0M
Q2 '24
Dividends $17.6M
Buybacks $0.0M
Q3 '24
Dividends $0.0M
Buybacks $0.0M
Q4 '24
Dividends $0.1M
Buybacks $0.0M
Q1 '25
Dividends $0.0M
Buybacks —
Q2 '25
Dividends $0.0M
Buybacks —
Q3 '25
Dividends $0.0M
Buybacks —
Q4 '25
Dividends $0.0M
Buybacks —
Q1 '26
Dividends —
Buybacks —
Q2 '26
Dividends —
Buybacks —
Dividends
Buybacks
FY16
Diluted shares 0.02B
FY17
Diluted shares 0.02B
FY18
Diluted shares 0.03B
FY19
Diluted shares 0.03B
FY20
Diluted shares 0.03B
FY21
Diluted shares 0.03B
FY22
Diluted shares 0.03B
FY23
Diluted shares 0.03B
FY24
Diluted shares 0.03B
FY25
Diluted shares 0.03B
Balance sheet
Cash, debt and the ratios that show how comfortably BRC Group Holdings, Inc. can carry it.
FY16
Cash $115M
Debt —
FY17
Cash $133M
Debt —
FY18
Cash $179M
Debt —
FY19
Cash $104M
Debt —
FY20
Cash $104M
Debt —
FY21
Cash $279M
Debt —
FY22
Cash $269M
Debt —
FY23
Cash $223M
Debt —
FY24
Cash $147M
Debt $1.5B
FY25
Cash $227M
Debt $1.4B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $279M | $269M | $223M | $147M | $227M |
| Debt incl. finance leases | — | — | — | $1.5B | $1.4B |
| Net debt / EBITDA | — | — | — | — | 10.9x |
| Interest coverage | 5.6x | 0.2x | 0.6x | −3.7x | 0.8x |
| Total assets | $5.9B | $6.1B | $6.1B | $1.8B | $1.7B |
| Total liabilities | $4.8B | $5.4B | $5.7B | $2.2B | $1.8B |
| Shareholders' equity | $661M | $447M | $291M | −$488M | −$172M |
| Net debt (− = net cash) | — | — | — | $1.4B | $1.2B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ | ✕ | ✓ |
| Cash from operations is positive | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ |
| Return on assets rose | — | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ | ✕ | ✓ |
| Cash from operations exceeds net income | ✓ | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ | ✓ | ✓ | ✕ |
| Debt fell relative to assets | — | — | — | — | — | — | — | — | — | ✓ |
| Current ratio rose | — | — | — | — | — | — | — | — | — | — |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✓ | ✕ | ✓ | ✕ | ✕ | ✕ |
| Gross margin rose | — | ✓ | ✕ | ✕ | — | — | ✕ | ✕ | ✕ | ✓ |
| Revenue rose relative to assets | — | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ |
| F-score | — / 3 | 2 / 7 | 1 / 7 | 3 / 7 | — / 6 | — / 6 | 3 / 7 | 4 / 7 | 3 / 7 | 5 / 8 |
| Accruals ratio | −22.2% | 11.3% | 7.1% | 5.1% | 5.9% | 9.3% | −2.8% | −2.0% | −26.1% | 21.0% |
| Altman Z'' | 4.57 | — | — | — | — | — | — | — | — | — |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $190M | $322M | $423M | $652M | $834M | $1.6B | $939M | $1.5B | $746M | $968M |
| Net interest income | — | $2.7M | $6.5M | — | — | — | — | — | — | — |
| Gross profit | $176M | $322M | $422M | $645M | — | $1.5B | $879M | $1.3B | $579M | $822M |
| Operating income | $48.7M | $28.8M | $45.4M | $167M | $276M | $515M | $29.9M | $96.1M | −$498M | $75.6M |
| Interest expense | $2.0M | $8.4M | $33.4M | $50.2M | $65.2M | $92.5M | $141M | $156M | $133M | $92.7M |
| Pretax income | $47.0M | $20.4M | $21.3M | $117M | $279M | $615M | −$334M | −$199M | −$900M | $230M |
| Income tax | $14.3M | $8.5M | $4.9M | $34.6M | $75.4M | $164M | −$65.3M | −$39.1M | $22.0M | −$9.9M |
| Net income | $21.5M | $11.6M | $16.3M | $81.6M | $205M | $445M | −$160M | −$99.9M | −$764M | $307M |
| Net income to common | — | $11.6M | $15.5M | $81.3M | $200M | $438M | −$168M | −$108M | −$772M | $299M |
| Diluted EPS | $1.17 | $0.48 | $0.58 | $2.95 | $7.56 | $15.09 | −$5.95 | −$3.69 | −$25.46 | $9.80 |
| Diluted shares | 0.02B | 0.02B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | $80.3M | −$81.8M | −$102M | −$27.2M | $57.7M | $50.9M | $6.7M | $24.5M | $264M | −$59.7M |
| Capital expenditure | $0.7M | $0.8M | $5.4M | $3.5M | — | — | — | — | — | — |
| Free cash flow | $79.6M | −$82.6M | −$108M | −$30.7M | — | — | — | — | — | — |
| Depreciation and amortization | $4.3M | $11.1M | $13.8M | $19.0M | $19.4M | $25.9M | $40.0M | $49.6M | $45.4M | $35.2M |
| Stock-based compensation | $2.8M | $10.3M | $13.0M | $15.9M | $18.6M | $36.0M | $61.1M | $45.1M | $19.1M | $14.0M |
| Acquisitions | $126M | $4.3M | $53.9M | $2.2M | — | — | $262M | $26.2M | $19.1M | $0.0M |
| Share buybacks | — | — | $18.7M | $4.3M | $48.2M | $2.7M | $6.5M | $69.5M | $0.0M | — |
| Dividends paid | $5.3M | $16.8M | $22.7M | $41.1M | $38.8M | $347M | $119M | $141M | $33.7M | $0.0M |
| Dividends and buybacks | $5.3M | $16.8M | $41.4M | $45.4M | $87.0M | $350M | $126M | $211M | $33.7M | $0.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $115M | $133M | $179M | $104M | $104M | $279M | $269M | $223M | $147M | $227M |
| Total debt | — | — | — | — | — | — | — | — | $1.5B | $1.4B |
| Finance lease liabilities | — | — | — | — | — | — | — | $1.9M | $3.7M | $4.6M |
| Loans, net | — | — | — | — | — | $873M | $702M | $532M | $90.1M | $26.3M |
| Current assets | $158M | — | — | — | — | — | — | — | — | — |
| Current liabilities | $83.7M | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | $4.0M | $102M | $93.7M | $63.0M | $48.0M |
| Property and equipment, net | $5.8M | $12.0M | $15.5M | $12.7M | $11.7M | $12.9M | $27.1M | $25.2M | $18.7M | $17.6M |
| Goodwill | $48.9M | $98.8M | $223M | $224M | $227M | $251M | $507M | $437M | $393M | $393M |
| Intangible assets | $41.2M | $56.9M | $91.4M | $221M | $191M | $208M | $374M | $198M | $146M | $118M |
| Total assets | $265M | $1.4B | $2.0B | $2.3B | $2.7B | $5.9B | $6.1B | $6.1B | $1.8B | $1.7B |
| Total liabilities | $114M | $1.1B | $1.7B | $1.9B | $2.1B | $4.8B | $5.4B | $5.7B | $2.2B | $1.8B |
| Preferred stock | — | $0.0M | — | — | — | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $149M | $266M | $258M | $361M | $513M | $661M | $447M | $291M | −$488M | −$172M |
| Margins | ||||||||||
| Gross margin | 92.2% | 99.9% | 99.8% | 98.8% | — | 98.3% | 93.5% | 88.2% | 77.5% | 85.0% |
| Operating margin | 25.6% | 9.0% | 10.7% | 25.6% | 33.1% | 33.1% | 3.2% | 6.6% | −66.7% | 7.8% |
| EBITDA margin | 27.9% | 12.4% | 14.0% | 28.5% | 35.4% | 34.8% | 7.4% | 9.9% | −60.6% | 11.4% |
| Net margin | 11.3% | 3.6% | 3.9% | 12.5% | 24.6% | 28.6% | −17.0% | −6.8% | −102.4% | 31.8% |
| FCF margin | 41.8% | −25.6% | −25.4% | −4.7% | — | — | — | — | — | — |
| Net interest share of revenue | — | 0.8% | 1.5% | — | — | — | — | — | — | — |
| Returns | ||||||||||
| Return on capital | — | — | — | — | — | — | — | — | −43.9% | 7.3% |
| Return on capital employed | 26.9% | — | — | — | — | — | — | — | — | — |
| Return on equity | 14.4% | 5.6% | 6.2% | 26.4% | 47.0% | 75.8% | −28.9% | −27.1% | — | — |
| Return on assets | 8.1% | 1.4% | 1.0% | 3.8% | 8.2% | 10.5% | −2.7% | −1.6% | −19.4% | 17.6% |
| Return on tangible equity | 36.3% | 10.5% | — | — | 211.4% | 215.5% | — | — | — | — |
| Growth | ||||||||||
| Revenue growth | — | 69.3% | 31.3% | 54.2% | 27.9% | 86.4% | −39.6% | 56.0% | −49.1% | 29.6% |
| Net income growth | — | −46.3% | 41.0% | 400.8% | 151.4% | 116.9% | −135.9% | — | — | — |
| EPS growth | — | −59.0% | 20.8% | 408.6% | 156.3% | 99.6% | −139.4% | — | — | — |
| FCF growth | — | −203.9% | — | — | — | — | — | — | — | — |
| Share count change | — | 32.1% | 10.2% | 2.9% | −3.7% | 9.4% | −2.8% | 3.8% | 3.7% | 0.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | — | — | — | — | — | — | — | — | — | 10.9x |
| Interest coverage | 24.4x | 3.4x | 1.4x | 3.3x | 4.2x | 5.6x | 0.2x | 0.6x | −3.7x | 0.8x |
| Current ratio | 1.9x | — | — | — | — | — | — | — | — | — |
| Quick ratio | 1.9x | — | — | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 0.4% | 0.3% | 1.3% | 0.5% | — | — | — | — | — | — |
| Stock comp / revenue | 1.5% | 3.2% | 3.1% | 2.4% | 2.2% | 2.3% | 6.5% | 3.1% | 2.6% | 1.4% |
| Payouts / FCF | 6.7% | — | — | — | — | — | — | — | — | — |
| Quality scores | ||||||||||
| Piotroski F-score | — | 2.0 | 1.0 | 3.0 | — | — | 3.0 | 4.0 | 3.0 | 5.0 |
| Altman Z'' | 4.6 | — | — | — | — | — | — | — | — | — |
| Accruals ratio | −22.2% | 11.3% | 7.1% | 5.1% | 5.9% | 9.3% | −2.8% | −2.0% | −26.1% | 21.0% |
Source: SEC EDGAR XBRL filings (CIK 0001464790). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.