BRC Group Holdings, Inc.

RILY
Country: United StatesPrice: $3.44Market Cap: $138.3M

Investment snapshot

6%positive consensus
Scored 1d ago

Positive

1

BUY / PASS

Neutral / negative

4 / 11

NEUTRAL / FAIL

Median fair value

$52.21

+1417.7% vs price

Models with upside

3 / 17

Positive margin of safety

Strongest signal

RILY undervalued: all 3 models price fair value above $3.44 (median $52.21)

Key risk

All 12 investors flag RILY's debt & leverage

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILNot rankedPASSFAILFAILNEUTRALFAILFAILFAILNEUTRALFAILNEUTRALFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/A+93.4%N/AN/AN/AN/A+98.1%N/A+9.2%N/AN/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-09-30 · Annual history · FY 2025

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30 · TTM ended 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Qualitative assessment

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-31

Score computed: 2026-11-14

TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

TTM ended 2026-09-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Where It Passes

  • Valuation models100% pass✓ 3▾

    RILY undervalued: all 3 models price fair value above $3.44 (median $52.21)

    Lynch fair value$52.21
    ✓Lynch+93.4% margin vs $3.44
    Pabrai fair value$182.36
    ✓Pabrai+98.1% margin vs $3.44
    Marks fair value$3.79
    ✓Marks+9.2% margin vs $3.44
  • Growth63% pass✓ 9✗ 4▾

    5 of 8 pass — Graham, Sleep and Neff object

    EPS Growth (3-yr avg, 10-yr window)-2580.8%
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)0.07
    ✓Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR5.3%
    ✓Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: -23.8% vs Rev: 29.6%
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction$0.91 (2009) -> $9.80 (2025)
    ✓DremanPositive over recent years
    EPS CAGR16.0% CAGR over 16 years
    ✓Dreman> 5% annualized
    Positive Net Income Frequency12/17 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth29.6%
    ✓Ackman>= 5%
    Positive EPS Growth Frequency3/5 years with positive EPS growth
    ✓AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR5.3% CAGR over 5 years
    ✓Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 88.2% -> 85.0%, operating margin 6.6% -> 7.8%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR3.0%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR5.3% over 5 years
    ✗Neff7%-20% annualized

Where It Falls Short

  • Debt & Leverage0% pass✗ 15▾

    All 12 investors flag RILY's debt & leverage

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: N/A (negative equity), IC: 1.5x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / EquityN/A (negative equity)
    ✗Lynch< 0.33
    Cash - Long-term Debt$-1.2B
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 83.66%
    ✗PiotroskiDecreased YoY
    Current Assets / Current Liabilities
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity
    ✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
    Debt LevelsN/A (non-positive equity)
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=1.5x, D/EBITDA=0.2x
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity
    ✗Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)
    ✗AsnessTop 30% of eligible cross-section
  • Verdicts8% pass✓ 1✗ 11▾

    Split decision: 11 FAIL · 4 NEUTRAL · 1 PASS

    Overall verdict
    ✗GrahamFAIL (1/9)✗BuffettFAIL (3/9)✗LynchFAIL (3/7)•GreenblattNot ranked✓PiotroskiPASS (F-Score 4)✗DremanFAIL (4/11)✗MungerFAIL (1/4)•PabraiNEUTRAL (2/3)✗AkreFAIL (0/6)✗MarksFAIL (2/5)✗AckmanFAIL (3/9)•TempletonNEUTRAL (6/8)✗SleepFAIL (1/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (3/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)
  • Efficiency13% pass✓ 3✗ 8▾

    7 of 8 flag RILY's efficiency — Graham, Greenblatt, Piotroski +4 more

    Current Ratio
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)34.5%
    ✓Buffett> 10%
    ROIC - WACC+24.5%
    ✓BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)
    ✗Greenblatt> 25%
    Current Ratio Change YoY
    ✗PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.42x -> 0.57x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities
    ✗Dreman> 1.5
    Return on Invested CapitalN/A (non-positive invested capital)
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=24.4%; FY2024: ROIC=unavailable; FY2025: ROIC=4.8%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC4.8% (RR=100% x ROIC=4.8%)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)2/4 years above 12% (latest 4.8%)
    ✗SleepROIC > 12% in a majority of years
  • Cash Flow20% pass✓ 2✗ 10▾

    8 of 10 flag RILY's cash flow — Lynch, Piotroski, Dreman +5 more

    Free Cash Flow Proxy$97.2M
    ✓BuffettPositive and growing
    FCF Positive and Growing$-30.7M
    ✗LynchPositive and growing
    Operating Cash Flow$-59.7M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-3.50%, ROA=18.01%
    ✗PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    P/E or FCF YieldP/E=0.4x
    ✓PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive4/11 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap
    ✗Ackman>= 4%
    Price / FCF per Share
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency9/17 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization
    ✗OshaughnessyTop 10% of eligible cross-section
  • Profitability25% pass✓ 15✗ 20▾

    12 of 16 flag RILY's profitability — Graham, Buffett, Lynch +9 more

    Positive EPS (10 years)12/18 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)-2580.8%
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)12/18 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)12.0%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)7.8% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$97.2M
    ✓BuffettPositive and growing
    Earnings Variance (10-yr CoV)40.51
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)0.07
    ✓Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR5.3%
    ✓Lynch15-30% (Fast Grower); > 0% to pass
    ROEN/A (negative equity)
    ✗Lynch> 15%
    EBIT / Enterprise Value5.6%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=5.6%, ROC=None
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets18.01%
    ✓PiotroskiROA > 0
    ROA Change YoY-42.86% -> 18.01% (delta: +60.87%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-3.50%, ROA=18.01%
    ✗PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY77.5% -> 85.0%
    ✓PiotroskiImproved YoY
    Pre-Tax Income / Revenue8.5%
    ✓Dreman>= 8%
    Net Income / Shareholders' Equity
    ✗Dreman> 12%
    Margin of SafetyP/E=0.4x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-0.9% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency12/17 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue12.4%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity
    ✗Ackman>= 15%
    5-Year EPS CAGR5.3% CAGR over 5 years
    ✓Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend6.6% (2023) -> 7.8% (2025)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 88.2% -> 85.0%, operating margin 6.6% -> 7.8%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization+57.60%; #125/6340 (top 2.0%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+48.18%; #706/3702 (top 19.1%)
    ✓AsnessTop 30% of eligible cross-section
    Net income / positive book equity
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.2067; #4261/5884 (top 72.4%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR5.3% over 5 years
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years7/10 years positive
    ✓Schloss>= 70% positive over 5-10 observed years (app rule)
  • Valuation31% pass✓ 12✗ 16▾

    9 of 13 flag RILY's valuation — Graham, Greenblatt, Dreman +6 more

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)0.07
    ✓Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value5.6%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=5.6%, ROC=None
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS0.4x
    ✓Dreman< 12x✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    Price / Book Value per ShareN/A (negative BVPS)
    ✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessP/E=0.4x, OE Yield=325.5%
    ✓MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldP/E=0.4x
    ✓PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/E=0.4x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share
    ✗Ackman<= 25
    Price vs. Trailing Low117% of trailing low ($2.93)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization+57.60%; #125/6340 (top 2.0%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization-0.7066; #5993/6449 (top 92.9%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS0.4x
    ✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E15.18
    ✓Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per ShareN/A (non-positive TBVPS)
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change-128.2%
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+6.5268; #441/5247 (top 8.4%)
    ✓OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-63.13%; #5477/6202 (top 88.3%)
    ✗OshaughnessyTop 10% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Trading
SIC Sector: Security & Commodity Brokers
Size: Micro Cap($138.3M)
Revenue: $967.6M+29.6% YoY
Net Income: $307.4M+140.2% YoY

Financial Snapshot

Operating Margin7.8%
Return on Equity-179.2%
Debt / Equity-8.32
Current Ratio--
EPS (Diluted)$9.80
Shares Retired−0.3% / −1.0% 2y

Shareholder Return

Fiscal 2025

Issued 0.3% of shares last year, 1.0% issued over two.

Buybacks
—
Dividends
$0

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-09-30

2025-10-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: revenue, net income, operating income, ebit, pre tax income, interest expense, operating cash flow, depreciation amortization, dividends paid.

Q3 FY 2026

2026-07-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization.

Q2 FY 2026

2026-04-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization.

Q1 FY 2026

2026-01-01 – 2026-03-31

Sources
FY 2025
Sources
  • 10-K · 2026-03-31
FY 2024
Sources
  • 10-K · 2025-09-19
FY 2023
Sources
  • 10-K · 2024-04-24
FY 2022
Sources
  • 10-K · 2023-03-16
FY 2021
Sources
  • 10-K · 2023-03-16
Market Cap$138.3Mcurrent------$255.8Mest.$140.6Mest.$682.9Mest.$1.1Best.$1.4Best.
Revenue$902.6M$33.0M↓88%$239.1M↑6%$352.1M$967.6M↑30%$746.4M↓49%$1.5B↑56%$939.5M↓40%$1.6B
Operating Income$112.2M-$139.7M↓314%$38.2M↑253%$152.9M$75.6M↑115%-$497.5M↓618%$96.1M↑222%$29.9M↓94%$514.5M
Net Income$79.7M-$241.0M↓365%$20.5M↓85%$213.3M$307.4M↑140%-$764.3M↓665%-$99.9M↑37%-$159.8M↓136%$445.1M
EPS (Diluted)--$-6.04↓308%$0.45↓90%$6.57$9.80↑138%$-25.46↓590%$-3.69↑38%$-5.95↓139%$15.09
Gross Margin————85.0%↑10%77.5%↓12%88.2%↓6%93.5%↓5%98.3%
Operating Margin12.4%-423.0%↓1897%16.0%↑233%43.4%7.8%↑112%-66.7%↓1117%6.6%↑106%3.2%↓90%33.1%
ROE-81.5%———-179.2%↓214%156.6%↑556%-34.3%↑4%-35.8%↓153%67.3%
Total Debt$32.3M$32.3M↓98%$31.3M↓98%$10.7M$1.4B↑4995%$28.0M↑45%$19.4M↓23%$25.3M↓99%$1.7B
Shareholders' Equity-$97.7M-$97.7M↑62%$142.2M↑140%$77.3M-$171.5M↑65%-$488.2M↓268%$291.1M↓35%$446.5M↓32%$661.3M
Current Ratio—————————
Debt / Equity-0.33-0.33↑93%0.22↑106%0.14-8.32↓14401%-0.06↓186%0.07↑18%0.06↓98%2.55
Operating Cash Flow$150.1M$104.0M↑272%-$18.2M↑29%$38.1M-$59.7M↓123%$263.6M↑976%$24.5M↑268%$6.7M↓87%$50.9M
Free Cash Flow------------------

Score history

Historical Score Timeline

Industry peers

Industry Peers

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RILY vs Peers — Financial Grading

Revenue$967.6MMedian
Net Income$307.4MMedian
ROE-179.2%Bottom 25%
D/E-8.32Top 25%
Op. Margin7.8%Median
Curr. Ratio—
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
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RAYMOND JAMES FINANCIAL INCRJF$32.4B$168.64$15.9B$2.1B17.1%0.28——3/93/93/71/3F-Score 64/11
ROYAL GOLD INCRGLD$21.7B$256.89$1.0B$466.3M6.5%0.1361.9%3.124/92/94/70/3F-Score 44/11
iShares Ethereum Trust ETFETHA$19.4B$44.02—$2.3B——————————
KIMCO REALTY CORPKIM$17.0B$25.55$2.1B$584.7M5.6%0.7436.0%—3/72/94/70/3F-Score 75/10
LandBridge Co LLCLB$5.6B$73.15$199.1M$30.1M8.9%1.6559.5%4.872/93/92/70/3F-Score 63/11
Digital Turbine, Inc.APPS$927.6M$7.61$565.3M$37.7M-19.6%1.886.0%1.161/92/92/71/3F-Score 70/11