BRC Group Holdings posted Q2 net income available to common shareholders of USD 18.5 million, down from USD 137.5 million a year earlier.
Revenue rose to USD 239.1 million from USD 225.3 million; management cited a 50% year-over-year jump in Wealth Management segment revenue.
Non-GAAP adjusted EBITDA edged up to USD 61.3 million from USD 60 million; non-GAAP operating adjusted EBITDA climbed to USD 66 million from USD 43.3 million.
Balance sheet and management commentary
Net debt fell to USD 285.2 million at June 30 from USD 627 million at Dec. 31; total debt declined to USD 1.28 billion.
Bryant Riley said operating adjusted EBITDA was the highest core operating result since Q3 2023; B. Riley Securities worked on USD 21 billion in deal value.
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