BRC Group Holdings publishes Q3 2026 earnings call transcript
RILY•BRC Group Holdings reported a third-quarter 2026 net loss of $243 million, including about $227 million in pretax Babcock & Wilcox losses. Management said the Sangoma acquisition is targeted to close in January 2027 and expects up to $50 million from balance-sheet assets to support funding.
1. Quarterly results and funding
BRC Group Holdings reported a third-quarter 2026 net loss of $243 million, including roughly $227 million in pretax Babcock & Wilcox losses. On the November 5 earnings call, co-CEOs Bryant Riley and Tom Kelleher and CFO Scott Yessner discussed the Sangoma acquisition, targeted to close in January 2027, which is expected to add $35 million-$40 million in annual EBITDA, including synergies. Management expects up to $50 million from balance-sheet assets to support funding, including the $164 million RILYG senior notes redemption on December 31. The November 3 GA Group sale totaled $62.3 million: $10.6 million in cash and a $51.7 million reduction in Oaktree loans.
