B. Riley Financial (RILY)
NASDAQ:RILY
Earnings Data
Report Date
Apr 23, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.39Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a clear operational and financial recovery: the company returned to profitability, produced strong adjusted EBITDA improvements, materially reduced debt and completed strategic divestitures that strengthened liquidity. Investment portfolio appreciation (notably Babcock & Wilcox and SpaceX-related marks) and the launch of BRC Specialty Finance are positive catalysts. Offsetting risks include meaningful declines in service and fee revenue (notably investment banking), subscription attrition in Communications, ongoing pressures in the Consumer Products segment (tariffs, inventory write-downs, chip shortages), elevated professional costs, and remaining 2026 debt maturities that require continued active balance-sheet management. Overall, the positive items (profitability, debt reduction, cash proceeds from divestitures and investment gains) materially outweigh the operational and revenue headwinds.Company Guidance
Return to Profitability and Strong EPS
Full year 2025 net income available to common shareholders of $299.4 million and earnings per share of $9.80, compared with a net loss of $772 million in 2024 — a material swing to profitability for the year.
Revenue Growth Driven by Investment Gains
Fourth quarter 2025 revenue of $279 million vs $179 million a year ago (approx +56% YoY) and full year 2025 revenue of $968 million vs $746 million in 2024 (approx +30% YoY). Growth was driven primarily by higher trading gains and investment appreciation (e.g., ~$126 million Babcock & Wilcox appreciation and $183 million higher trading gains full year).
Adjusted EBITDA Turnaround
Fourth quarter adjusted EBITDA of $104 million (vs. loss of $114 million in Q4 2024) and full year adjusted EBITDA of $231 million (vs. loss of $568 million in 2024), indicating significant operational/earnings recovery.
Substantial Debt Reduction and Lower Interest Expense
Total debt reduced by $347 million during 2025; net debt declined $437 million to $627 million at 12/31/2025. Full year interest expense fell to $93 million from $133 million in 2024 (approx -30%).
Material Divestitures and Balance Sheet Actions
Completed several strategic divestitures in 2025 that generated cash: Atlantic Coast Recycling sale (~$102M purchase price; net cash ~$69M), partial W2 Wealth sale (36 advisors, ~$4B AUM for $26M), GlassRatner and B. Riley Farber sales (~$118M cash). Executed TSAs to support transitions and consolidated clearing for Wealth Management to lower costs.
Investment Portfolio Appreciation and Liquidity Options
Securities and other investments increased $165 million to $447 million at year-end 2025, driven by a $129 million value increase in Babcock & Wilcox and higher partnership interest values (SpaceX carried value marked at $421 per share). Management emphasized opportunistic monetization levers (bond buys/sells, SPAN swaps, selective investment sales) to fund maturities and generate liquidity.
Communications Business Group Cash Flow and Performance
Aggregate Communications Business Group revenue of $63 million in Q4 and $250 million for FY 2025 with aggregate income of $13 million Q4 and $47 million FY — results described as exceeding expectations and producing predictable cash flow despite declining subscribers.
Governance and Organizational Progress
10-K filed on time; rebranded to BRC Group Holdings; new CFO appointed and auditor changed to BDO; Delaware Court of Chancery dismissed derivative action in full — governance and reporting milestones achieved. Also announced BRC Specialty Finance to address market lending gaps.
RILY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RILY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2026 | $7.32 | $6.87 | -6.15% |
Jan 14, 2026 | $7.54 | $9.50 | +25.99% |
Aug 13, 2025 | $6.01 | $6.92 | +15.14% |
Apr 24, 2025 | $3.14 | $3.23 | +2.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does B. Riley Financial (RILY) report earnings?
B. Riley Financial (RILY) is schdueled to report earning on Apr 23, 2026, TBA (Confirmed).
What is B. Riley Financial (RILY) earnings time?
B. Riley Financial (RILY) earnings time is at Apr 23, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RILY EPS forecast?
Currently, no data Available
