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Side-by-side financial comparison of BridgeBio Pharma, Inc. (BBIO) 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 $154.2M, roughly 1.2× BridgeBio Pharma, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -126.2%, a 174.2% gap on every dollar of revenue. On growth, BridgeBio Pharma, Inc. posted the faster year-over-year revenue change (2521.2% vs -21.9%).

Brent Saunders is an American biopharma executive and entrepreneur who is the chairman and CEO of the health company Bausch & Lomb. He helped lead various mergers and acquisitions, including the mergers between Merck and Schering-Plough, the acquisition of Bausch + Lomb by Valeant Pharmaceuticals, and the $63 billion acquisition of Allergan by Abbvie. He founded the special-purpose acquisition company (SPAC) Vesper Healthcare Acquisition. Saunders is also executive chairman of medical aesthet...

BBIO vs RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.2× larger
RILY
$188.3M
$154.2M
BBIO
Growing faster (revenue YoY)
BBIO
BBIO
+2543.0% gap
BBIO
2521.2%
-21.9%
RILY
Higher net margin
RILY
RILY
174.2% more per $
RILY
47.9%
-126.2%
BBIO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BBIO
BBIO
RILY
RILY
Revenue
$154.2M
$188.3M
Net Profit
$-194.6M
$90.3M
Gross Margin
94.7%
79.5%
Operating Margin
-90.5%
32.3%
Net Margin
-126.2%
47.9%
Revenue YoY
2521.2%
-21.9%
Net Profit YoY
27.2%
1710.8%
EPS (diluted)
$-1.00
$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
BBIO
BBIO
RILY
RILY
Q4 25
$154.2M
$188.3M
Q3 25
$120.7M
$215.3M
Q2 25
$110.6M
$188.2M
Q1 25
$116.6M
$197.2M
Q4 24
$241.0M
Q3 24
$225.5M
Q2 24
$256.0M
Q1 24
$211.1M
$263.4M
Net Profit
BBIO
BBIO
RILY
RILY
Q4 25
$-194.6M
$90.3M
Q3 25
$-184.9M
$91.1M
Q2 25
$-183.8M
$139.5M
Q1 25
$-169.6M
$-10.0M
Q4 24
$-5.6M
Q3 24
$-284.4M
Q2 24
$-433.6M
Q1 24
$-36.2M
$-49.2M
Gross Margin
BBIO
BBIO
RILY
RILY
Q4 25
94.7%
79.5%
Q3 25
94.6%
83.7%
Q2 25
96.7%
81.3%
Q1 25
97.7%
81.4%
Q4 24
79.8%
Q3 24
82.1%
Q2 24
84.5%
Q1 24
99.7%
85.3%
Operating Margin
BBIO
BBIO
RILY
RILY
Q4 25
-90.5%
32.3%
Q3 25
-120.3%
30.4%
Q2 25
-121.4%
5.7%
Q1 25
-89.5%
-31.2%
Q4 24
-69.2%
Q3 24
-36.4%
Q2 24
-90.8%
Q1 24
0.2%
-6.1%
Net Margin
BBIO
BBIO
RILY
RILY
Q4 25
-126.2%
47.9%
Q3 25
-153.2%
42.3%
Q2 25
-166.2%
74.1%
Q1 25
-145.4%
-5.1%
Q4 24
-2.3%
Q3 24
-126.1%
Q2 24
-169.4%
Q1 24
-17.1%
-18.7%
EPS (diluted)
BBIO
BBIO
RILY
RILY
Q4 25
$-1.00
$2.78
Q3 25
$-0.95
$2.91
Q2 25
$-0.95
$4.50
Q1 25
$-0.88
$-0.39
Q4 24
$-0.01
Q3 24
$-9.39
Q2 24
$-14.35
Q1 24
$-0.20
$-1.71

Balance Sheet & Financial Strength

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

Metric
BBIO
BBIO
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$570.1M
$226.6M
Total DebtLower is stronger
$2.0B
$1.4B
Stockholders' EquityBook value
$-2.1B
$-171.5M
Total Assets
$936.0M
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBIO
BBIO
RILY
RILY
Q4 25
$570.1M
$226.6M
Q3 25
$643.0M
$184.2M
Q2 25
$756.9M
$267.4M
Q1 25
$540.6M
$138.3M
Q4 24
$146.9M
Q3 24
$159.2M
Q2 24
$236.9M
Q1 24
$519.7M
$190.7M
Total Debt
BBIO
BBIO
RILY
RILY
Q4 25
$2.0B
$1.4B
Q3 25
$2.0B
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BBIO
BBIO
RILY
RILY
Q4 25
$-2.1B
$-171.5M
Q3 25
$-1.9B
$-260.5M
Q2 25
$-1.8B
$-351.7M
Q1 25
$-1.6B
$-496.8M
Q4 24
$-488.2M
Q3 24
$-497.6M
Q2 24
$-218.3M
Q1 24
$-1.0B
$228.4M
Total Assets
BBIO
BBIO
RILY
RILY
Q4 25
$936.0M
$1.7B
Q3 25
$998.3M
$1.7B
Q2 25
$1.1B
$1.5B
Q1 25
$881.6M
$1.5B
Q4 24
$1.8B
Q3 24
$2.2B
Q2 24
$3.2B
Q1 24
$849.3M
$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
BBIO
BBIO
RILY
RILY
Operating Cash FlowLast quarter
$-56.4M
$26.2M
Free Cash FlowOCF − Capex
$-56.5M
FCF MarginFCF / Revenue
-36.6%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBIO
BBIO
RILY
RILY
Q4 25
$-56.4M
$26.2M
Q3 25
$-109.6M
$-60.6M
Q2 25
$-80.7M
$-25.6M
Q1 25
$-199.2M
$184.0K
Q4 24
$-2.7M
Q3 24
$19.5M
Q2 24
$111.5M
Q1 24
$-219.5M
$135.4M
Free Cash Flow
BBIO
BBIO
RILY
RILY
Q4 25
$-56.5M
Q3 25
$-110.0M
Q2 25
$-81.3M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-220.2M
FCF Margin
BBIO
BBIO
RILY
RILY
Q4 25
-36.6%
Q3 25
-91.2%
Q2 25
-73.5%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-104.3%
Capex Intensity
BBIO
BBIO
RILY
RILY
Q4 25
0.0%
Q3 25
0.4%
Q2 25
0.5%
Q1 25
0.0%
Q4 24
Q3 24
Q2 24
Q1 24
0.3%
Cash Conversion
BBIO
BBIO
RILY
RILY
Q4 25
0.29×
Q3 25
-0.66×
Q2 25
-0.18×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BBIO
BBIO

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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