BRC Group swings to Q3 net loss of $247.69 million
RILY•RILY•RILY•RILY•BRC Group Holdings reported a third-quarter 2026 net loss available to common shareholders of $243.02 million, while revenue fell 88% year over year to $33.03 million. The loss primarily reflected $226.7 million in pretax losses on its Babcock & Wilcox investment.
BRC Group Holdings swung to a third-quarter 2026 net loss available to common shareholders of $243.02 million from a year-earlier profit. Total revenue fell 88% year over year to $33.03 million, and the quarterly loss primarily reflected $226.7 million in pretax losses on its Babcock & Wilcox investment.
A November 3 sale of the remaining Great American stake generated $62.3 million, of which $51.7 million was used to repay Oaktree term-loan indebtedness. The pending Sangoma acquisition has an enterprise value of $203.7 million and is expected to close no later than early 2027.
