BRC Group Holdings, Inc. (RILY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the BRC Group Holdings Second Quarter 2026 Earnings Conference Call. All participants will be in listen-only mode for the duration of the prepared remarks. After the speaker's presentation, there will be a question-and-answer session. Please note that this event is being recorded. I would now like to turn the conference over to Bryant Riley, Chairman, Founder, and Co-CEO. Mr. Riley, please go ahead. Thank you to everyone for joining us today. Joining me on the call are Tom Kelleher, our co-CEO, and Scott Yessner, our Chief Financial Officer. This quarter builds on the momentum for our platform we have demonstrated over the last 12 months. We reported second quarter net income available to common shareholders of $18.5 million and delivered $66 million in operating adjusted EBITDA, making this our best core operating quarter in nearly three years. These results demonstrate the underlying earnings power of our core operating units. Over the trailing 12 months, we generated net income attributable to common shareholders of $404 million and operating adjusted EBITDA of $182 million. Our execution strategy for B. Riley Securities and B. Riley Wealth remains straightforward, deepening client relationships and extending our reach, and we are executing on that front. During the quarter, we added five senior producers, including welcoming back B. Riley Securities alumni. In my mind, there is no stronger validation of our culture than bringing experienced talent back. During the quarter, we successfully reactivated several key institutional accounts that have been inactive over the past year, with positive engagement continuing into July. This, combined with higher secondary commission revenues, highlights our continued progress in further strength...