Highlights

  • BRC Group shares surged nearly 39% intraday after the company reported a quarterly earnings turnaround.
  • The firm posted positive earnings per share after recording a significant loss in the same quarter last year.
  • Capital markets revenue swung sharply into positive territory, offsetting declines in other segments.

Shares of BRC Group (NASDAQ:RILY) recorded a sharp move on Thursday, climbing about 38.7% by early afternoon trading after the company released its fiscal third-quarter 2025 results. The stock reaction followed a reported shift from losses to profitability, alongside a notable increase in quarterly revenue. The stock closed at USD 9.50 with a 26% gain on Thursday.

BRC Group, formerly known as B. Riley Financial, recently adopted its new name, which is reflected in its ticker symbol. The latest earnings update marked a contrast to the same period last year, when the company reported deeply negative results.

Earnings Swing Draws Market Attention

For fiscal Q3 2025, BRC Group reported earnings of USD 2.91 per share. This compared with a loss of USD 9.39 per share in the third quarter of the prior year. Revenue for the quarter rose 58% year-on-year to USD 277.9 million, contributing to the overall shift in reported profitability.

The earnings release highlighted a material change in one core area of operations, while other segments moved in the opposite direction. The market response appeared closely tied to the scale and speed of the earnings reversal compared with last year’s results.

Capital Markets Drive the Turnaround

According to the company’s breakdown, capital markets was the primary contributor to the quarterly improvement. Revenue in this segment flipped from a negative USD 24.7 million a year earlier to a positive USD 116.2 million in the reported quarter.

By contrast, BRC Group’s Wealth Management, Communications, and Consumer Products divisions all recorded revenue declines during the same period. As a result, the quarterly outcome was largely driven by gains in capital markets rather than broad-based growth across all business lines.

Commenting on the quarter, Co-CEO Bryant Riley said, “B. Riley Securities had a very strong quarter across investment banking, advisory, and research and trading.”

Compliance Update and Full-Year Outlook

Beyond the quarterly figures, the company also disclosed progress on regulatory filings. Chief Financial Officer Scott Yessner stated that BRC Group has returned to compliance with Nasdaq listing requirements after completing and filing three previously missing Form 10-Q reports within a 120-day period.

Following the Q3 performance, the company indicated it is now on track to report its first full-year profit in four years. The update added further context to Thursday’s stock price movement, which reflected both the earnings figures and the broader operational developments disclosed alongside the results.

As of the latest trading update (January 15, 2026), BRC Group shares were quoted at USD 9.50, up USD 1.96, representing a gain of approximately 25.99% on the day.