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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $188.3M, roughly 2.0× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 2.5%, a 45.4% gap on every dollar of revenue. On growth, ALLIANCE ENTERTAINMENT HOLDING CORP posted the faster year-over-year revenue change (-6.3% vs -21.9%). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs -15.4%).
Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.
AENT vs RILY — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $188.3M |
| Net Profit | $9.4M | $90.3M |
| Gross Margin | — | 79.5% |
| Operating Margin | 4.7% | 32.3% |
| Net Margin | 2.5% | 47.9% |
| Revenue YoY | -6.3% | -21.9% |
| Net Profit YoY | 32.8% | 1710.8% |
| EPS (diluted) | $0.18 | $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.
| Q4 25 | $368.7M | $188.3M | ||
| Q3 25 | $254.0M | $215.3M | ||
| Q2 25 | $227.8M | $188.2M | ||
| Q1 25 | $213.0M | $197.2M | ||
| Q4 24 | $393.7M | $241.0M | ||
| Q3 24 | $229.0M | $225.5M | ||
| Q2 24 | $236.9M | $256.0M | ||
| Q1 24 | $211.2M | $263.4M |
| Q4 25 | $9.4M | $90.3M | ||
| Q3 25 | $4.9M | $91.1M | ||
| Q2 25 | $5.8M | $139.5M | ||
| Q1 25 | $1.9M | $-10.0M | ||
| Q4 24 | $7.1M | $-5.6M | ||
| Q3 24 | $397.0K | $-284.4M | ||
| Q2 24 | $2.5M | $-433.6M | ||
| Q1 24 | $-3.4M | $-49.2M |
| 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% |
| Q4 25 | 4.7% | 32.3% | ||
| Q3 25 | 4.2% | 30.4% | ||
| Q2 25 | 4.3% | 5.7% | ||
| Q1 25 | 1.7% | -31.2% | ||
| Q4 24 | 3.8% | -69.2% | ||
| Q3 24 | 0.9% | -36.4% | ||
| Q2 24 | 0.2% | -90.8% | ||
| Q1 24 | -0.3% | -6.1% |
| Q4 25 | 2.5% | 47.9% | ||
| Q3 25 | 1.9% | 42.3% | ||
| Q2 25 | 2.5% | 74.1% | ||
| Q1 25 | 0.9% | -5.1% | ||
| Q4 24 | 1.8% | -2.3% | ||
| Q3 24 | 0.2% | -126.1% | ||
| Q2 24 | 1.1% | -169.4% | ||
| Q1 24 | -1.6% | -18.7% |
| Q4 25 | $0.18 | $2.78 | ||
| Q3 25 | $0.10 | $2.91 | ||
| Q2 25 | $0.11 | $4.50 | ||
| Q1 25 | $0.04 | $-0.39 | ||
| Q4 24 | $0.14 | $-0.01 | ||
| Q3 24 | $0.01 | $-9.39 | ||
| Q2 24 | $0.05 | $-14.35 | ||
| Q1 24 | $-0.07 | $-1.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $226.6M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $117.6M | $-171.5M |
| Total Assets | $434.1M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $226.6M | ||
| Q3 25 | — | $184.2M | ||
| Q2 25 | — | $267.4M | ||
| Q1 25 | — | $138.3M | ||
| Q4 24 | — | $146.9M | ||
| Q3 24 | $4.3M | $159.2M | ||
| Q2 24 | $1.1M | $236.9M | ||
| Q1 24 | $1.6M | $190.7M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $117.6M | $-171.5M | ||
| Q3 25 | $108.1M | $-260.5M | ||
| Q2 25 | $103.2M | $-351.7M | ||
| Q1 25 | $97.4M | $-496.8M | ||
| Q4 24 | $95.6M | $-488.2M | ||
| Q3 24 | $88.0M | $-497.6M | ||
| Q2 24 | $87.6M | $-218.3M | ||
| Q1 24 | $85.1M | $228.4M |
| Q4 25 | $434.1M | $1.7B | ||
| Q3 25 | $383.0M | $1.7B | ||
| Q2 25 | $361.2M | $1.5B | ||
| Q1 25 | $349.4M | $1.5B | ||
| Q4 24 | $401.7M | $1.8B | ||
| Q3 24 | $395.7M | $2.2B | ||
| Q2 24 | $340.8M | $3.2B | ||
| Q1 24 | $324.0M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.5M | $26.2M |
| Free Cash FlowOCF − Capex | $-16.9M | — |
| FCF MarginFCF / Revenue | -4.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | -1.76× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $26.2M | ||
| Q3 25 | $2.7M | $-60.6M | ||
| Q2 25 | $10.7M | $-25.6M | ||
| Q1 25 | $2.5M | $184.0K | ||
| Q4 24 | $25.3M | $-2.7M | ||
| Q3 24 | $-11.6M | $19.5M | ||
| Q2 24 | $9.7M | $111.5M | ||
| Q1 24 | $20.0M | $135.4M |
| Q4 25 | $-16.9M | — | ||
| Q3 25 | $2.4M | — | ||
| Q2 25 | $10.7M | — | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-11.6M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $20.0M | — |
| Q4 25 | -4.6% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -5.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 9.4% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | -1.76× | 0.29× | ||
| Q3 25 | 0.56× | -0.66× | ||
| Q2 25 | 1.86× | -0.18× | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 3.57× | — | ||
| Q3 24 | -29.31× | — | ||
| Q2 24 | 3.85× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AENT
Segment breakdown not available.
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
