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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.

BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $172.2M, roughly 1.1× Acadian Asset Management Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 20.2%, a 27.8% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -21.9%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs -15.4%).

AAMI vs RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.1× larger
RILY
$188.3M
$172.2M
AAMI
Growing faster (revenue YoY)
AAMI
AAMI
+24.5% gap
AAMI
2.6%
-21.9%
RILY
Higher net margin
RILY
RILY
27.8% more per $
RILY
47.9%
20.2%
AAMI
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
RILY
RILY
Revenue
$172.2M
$188.3M
Net Profit
$34.7M
$90.3M
Gross Margin
79.5%
Operating Margin
33.3%
32.3%
Net Margin
20.2%
47.9%
Revenue YoY
2.6%
-21.9%
Net Profit YoY
-18.4%
1710.8%
EPS (diluted)
$0.97
$2.78

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
RILY
RILY
Q4 25
$172.2M
$188.3M
Q3 25
$144.2M
$215.3M
Q2 25
$127.4M
$188.2M
Q1 25
$119.9M
$197.2M
Q4 24
$167.8M
$241.0M
Q3 24
$123.1M
$225.5M
Q2 24
$109.0M
$256.0M
Q1 24
$105.7M
$263.4M
Net Profit
AAMI
AAMI
RILY
RILY
Q4 25
$34.7M
$90.3M
Q3 25
$15.1M
$91.1M
Q2 25
$10.1M
$139.5M
Q1 25
$20.1M
$-10.0M
Q4 24
$42.5M
$-5.6M
Q3 24
$16.9M
$-284.4M
Q2 24
$11.0M
$-433.6M
Q1 24
$14.6M
$-49.2M
Gross Margin
AAMI
AAMI
RILY
RILY
Q4 25
79.5%
Q3 25
83.7%
Q2 25
81.3%
Q1 25
81.4%
Q4 24
79.8%
Q3 24
82.1%
Q2 24
84.5%
Q1 24
85.3%
Operating Margin
AAMI
AAMI
RILY
RILY
Q4 25
33.3%
32.3%
Q3 25
18.4%
30.4%
Q2 25
12.7%
5.7%
Q1 25
26.6%
-31.2%
Q4 24
38.7%
-69.2%
Q3 24
21.9%
-36.4%
Q2 24
18.9%
-90.8%
Q1 24
21.7%
-6.1%
Net Margin
AAMI
AAMI
RILY
RILY
Q4 25
20.2%
47.9%
Q3 25
10.5%
42.3%
Q2 25
7.9%
74.1%
Q1 25
16.8%
-5.1%
Q4 24
25.3%
-2.3%
Q3 24
13.7%
-126.1%
Q2 24
10.1%
-169.4%
Q1 24
13.8%
-18.7%
EPS (diluted)
AAMI
AAMI
RILY
RILY
Q4 25
$0.97
$2.78
Q3 25
$0.42
$2.91
Q2 25
$0.28
$4.50
Q1 25
$0.54
$-0.39
Q4 24
$1.11
$-0.01
Q3 24
$0.45
$-9.39
Q2 24
$0.29
$-14.35
Q1 24
$0.37
$-1.71

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$226.6M
Total DebtLower is stronger
$200.0M
$1.4B
Stockholders' EquityBook value
$-171.5M
Total Assets
$677.0M
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
RILY
RILY
Q4 25
$226.6M
Q3 25
$184.2M
Q2 25
$267.4M
Q1 25
$138.3M
Q4 24
$146.9M
Q3 24
$159.2M
Q2 24
$236.9M
Q1 24
$190.7M
Total Debt
AAMI
AAMI
RILY
RILY
Q4 25
$200.0M
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$275.0M
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
RILY
RILY
Q4 25
$-171.5M
Q3 25
$-260.5M
Q2 25
$-351.7M
Q1 25
$-496.8M
Q4 24
$-488.2M
Q3 24
$-497.6M
Q2 24
$-218.3M
Q1 24
$228.4M
Total Assets
AAMI
AAMI
RILY
RILY
Q4 25
$677.0M
$1.7B
Q3 25
$751.4M
$1.7B
Q2 25
$672.3M
$1.5B
Q1 25
$677.3M
$1.5B
Q4 24
$703.2M
$1.8B
Q3 24
$555.2M
$2.2B
Q2 24
$533.1M
$3.2B
Q1 24
$544.9M
$5.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
RILY
RILY
Operating Cash FlowLast quarter
$-2.4M
$26.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.07×
0.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
RILY
RILY
Q4 25
$-2.4M
$26.2M
Q3 25
$-23.9M
$-60.6M
Q2 25
$61.6M
$-25.6M
Q1 25
$-48.8M
$184.0K
Q4 24
$55.8M
$-2.7M
Q3 24
$69.6M
$19.5M
Q2 24
$45.7M
$111.5M
Q1 24
$-40.4M
$135.4M
Cash Conversion
AAMI
AAMI
RILY
RILY
Q4 25
-0.07×
0.29×
Q3 25
-1.58×
-0.66×
Q2 25
6.10×
-0.18×
Q1 25
-2.43×
Q4 24
1.31×
Q3 24
4.12×
Q2 24
4.15×
Q1 24
-2.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

RILY
RILY

Transferred At Point In Time$101.4M54%
Wealth Management Segment$30.7M16%
Corporate Finance Consulting And Investment Banking Fees$27.1M14%
Services And Fees$24.8M13%
Commissions Fees And Reimbursed Expenses$4.8M3%

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