BRC Group Holdings reported a turnaround in its third‑quarter 2025 results, posting net income of $89.1 million for the nine‑month period ended September 30, 2025, compared with a $286.4 million loss for the same period a year earlier. Total revenue rose 58.5% to $277.9 million, driven largely by a $65.4 million increase in Capital Markets fees and a $7.2 million rise in Wealth Management segment income, up from $0.8 million in the prior year.
Capital Markets fees reached $65.4 million, the highest quarterly total since Q4 2023, while Wealth Management income climbed to $7.2 million from $0.8 million, reflecting stronger advisory and trading activity. Communications and Consumer Products segments contributed $60.4 million and $47.0 million respectively, maintaining steady performance amid broader market volatility.
Adjusted EBITDA improved to $112.2 million from a loss of $89.5 million a year earlier, and operating adjusted EBITDA grew to $58.0 million from $12.0 million. The company also reduced net debt by more than $120 million, strengthening its balance sheet and supporting future capital‑allocation flexibility.
BRC met Nasdaq’s quarterly filing deadline on January 20 2026, bringing its SEC reporting current. Chairman and CEO Bryant Riley praised the “strong performance in Capital Markets” and highlighted the company’s “comprehensive transformation efforts” that have positioned it for 2026. Chief Financial Officer Scott Yessner noted the achievement of filing three Form 10‑Qs in 120 days, underscoring disciplined reporting and governance.
Investors responded favorably to the results, citing the return to profitability, the robust Capital Markets performance, and the successful resolution of Nasdaq compliance issues as key drivers of confidence. The company’s debt reduction and improved cash flow further reinforce its financial resilience.
While the company did not provide new forward guidance, management expressed confidence in sustaining profitability and maintaining momentum in its core segments, signaling a positive outlook for the remainder of the year.
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