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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) 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 $86.6M, roughly 2.2× AlTi Global, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -15.1%, a 63.1% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs -21.9%). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs -15.4%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
ALTI vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $188.3M |
| Net Profit | $-13.1M | $90.3M |
| Gross Margin | — | 79.5% |
| Operating Margin | -2.1% | 32.3% |
| Net Margin | -15.1% | 47.9% |
| Revenue YoY | 87.0% | -21.9% |
| Net Profit YoY | 75.6% | 1710.8% |
| EPS (diluted) | — | $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 | $86.6M | $188.3M | ||
| Q3 25 | $57.2M | $215.3M | ||
| Q2 25 | $53.1M | $188.2M | ||
| Q1 25 | $58.0M | $197.2M | ||
| Q4 24 | $46.3M | $241.0M | ||
| Q3 24 | $51.8M | $225.5M | ||
| Q2 24 | $49.5M | $256.0M | ||
| Q1 24 | $50.8M | $263.4M |
| Q4 25 | $-13.1M | $90.3M | ||
| Q3 25 | $-84.1M | $91.1M | ||
| Q2 25 | $-24.4M | $139.5M | ||
| Q1 25 | $1.9M | $-10.0M | ||
| Q4 24 | $-53.8M | $-5.6M | ||
| Q3 24 | $-72.5M | $-284.4M | ||
| Q2 24 | $-6.4M | $-433.6M | ||
| Q1 24 | $29.7M | $-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 | -2.1% | 32.3% | ||
| Q3 25 | -49.8% | 30.4% | ||
| Q2 25 | -56.7% | 5.7% | ||
| Q1 25 | -23.3% | -31.2% | ||
| Q4 24 | -42.7% | -69.2% | ||
| Q3 24 | -18.4% | -36.4% | ||
| Q2 24 | -30.2% | -90.8% | ||
| Q1 24 | -28.9% | -6.1% |
| Q4 25 | -15.1% | 47.9% | ||
| Q3 25 | -147.0% | 42.3% | ||
| Q2 25 | -45.9% | 74.1% | ||
| Q1 25 | 3.3% | -5.1% | ||
| Q4 24 | -116.1% | -2.3% | ||
| Q3 24 | -140.0% | -126.1% | ||
| Q2 24 | -12.9% | -169.4% | ||
| Q1 24 | 58.4% | -18.7% |
| Q4 25 | — | $2.78 | ||
| Q3 25 | — | $2.91 | ||
| Q2 25 | $-0.33 | $4.50 | ||
| Q1 25 | $-0.04 | $-0.39 | ||
| Q4 24 | $-0.71 | $-0.01 | ||
| Q3 24 | $-0.88 | $-9.39 | ||
| Q2 24 | $-0.18 | $-14.35 | ||
| Q1 24 | $0.18 | $-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 | $41.2M | $226.6M |
| Total DebtLower is stronger | $883.0K | $1.4B |
| Stockholders' EquityBook value | $600.1M | $-171.5M |
| Total Assets | $1.2B | $1.7B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $226.6M | ||
| Q3 25 | $35.8M | $184.2M | ||
| Q2 25 | $42.4M | $267.4M | ||
| Q1 25 | $52.8M | $138.3M | ||
| Q4 24 | $64.4M | $146.9M | ||
| Q3 24 | $220.6M | $159.2M | ||
| Q2 24 | $60.0M | $236.9M | ||
| Q1 24 | $134.2M | $190.7M |
| Q4 25 | $883.0K | $1.4B | ||
| Q3 25 | $586.0K | $1.3B | ||
| Q2 25 | $673.0K | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $0 | $1.5B | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | $-171.5M | ||
| Q3 25 | $607.2M | $-260.5M | ||
| Q2 25 | $685.4M | $-351.7M | ||
| Q1 25 | $665.2M | $-496.8M | ||
| Q4 24 | $658.4M | $-488.2M | ||
| Q3 24 | $707.0M | $-497.6M | ||
| Q2 24 | $540.2M | $-218.3M | ||
| Q1 24 | $510.9M | $228.4M |
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.3B | $3.2B | ||
| Q1 24 | $1.3B | $5.0B |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $26.2M |
| Free Cash FlowOCF − Capex | $-52.2M | — |
| FCF MarginFCF / Revenue | -60.3% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $26.2M | ||
| Q3 25 | $-53.5M | $-60.6M | ||
| Q2 25 | $-19.9M | $-25.6M | ||
| Q1 25 | $-30.2M | $184.0K | ||
| Q4 24 | $-50.7M | $-2.7M | ||
| Q3 24 | $-4.9M | $19.5M | ||
| Q2 24 | $-30.2M | $111.5M | ||
| Q1 24 | $-15.5M | $135.4M |
| Q4 25 | $-52.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-20.0M | — | ||
| Q1 25 | $-31.0M | — | ||
| Q4 24 | $-58.2M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-31.2M | — | ||
| Q1 24 | $-15.7M | — |
| Q4 25 | -60.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -37.6% | — | ||
| Q1 25 | -53.4% | — | ||
| Q4 24 | -125.7% | — | ||
| Q3 24 | -18.2% | — | ||
| Q2 24 | -63.2% | — | ||
| Q1 24 | -30.9% | — |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 0.4% | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
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% |
