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

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WEBVTT 00:00:00.169 -- 00:00:05.192 Good afternoon and welcome to the BRC Group Holdings Second Quarter 2026 00:00:05.192 -- 00:00:09.916 Earnings Conference Call. All participants will be in listen-only mode for the duration 00:00:09.916 -- 00:00:14.459 of the prepared remarks. After the speaker's presentation, there will be a question-and-answer 00:00:14.459 -- 00:00:18.161 session. Please note that this event is being recorded. 00:00:18.161 -- 00:00:22.704 I would now like to turn the conference over to Bryant Riley, Chairman, Founder, and 00:00:22.704 -- 00:00:27.166 Co-CEO. Mr. Riley, please go ahead. 00:00:27.728 -- 00:00:29.852 Thank you to everyone for joining us today. 00:00:29.852 -- 00:00:33.975 Joining me on the call are Tom Kelleher, our co-CEO, and Scott Yessner, our Chief Financial 00:00:33.975 -- 00:00:38.378 Officer. This quarter builds on the momentum for our platform we have demonstrated over 00:00:38.378 -- 00:00:42.921 the last 12 months. We reported second quarter net income available to common shareholders 00:00:42.921 -- 00:00:48.045 of $18.5 million and delivered $66 million in operating adjusted EBITDA, 00:00:48.045 -- 00:00:51.667 making this our best core operating quarter in nearly three years. 00:00:51.667 -- 00:00:56.220 These results demonstrate the underlying earnings power of our core operating units. 00:00:56.220 -- 00:01:00.142 Over the trailing 12 months, we generated net income attributable 00:01:00.142 -- 00:01:06.384 to common shareholders of $404 million and operating adjusted EBITDA of $182 million. 00:01:06.384 -- 00:01:09.265 Our execution strategy for B. Riley Securities and B. 00:01:09.265 -- 00:01:14.067 Riley Wealth remains straightforward, deepening client relationships and extending our 00:01:14.067 -- 00:01:17.388 re...