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Side-by-side financial comparison of BRC Inc. (BRCC) 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 $112.7M, roughly 1.7× BRC Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -2.8%, a 50.8% gap on every dollar of revenue. On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs -21.9%). Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs -15.4%).
BRC Inc., operating under the Black Rifle Coffee brand, is a U.S.-headquartered premium coffee and lifestyle brand. It sells roasted coffee beans, ready-to-drink coffee products, branded apparel, and outdoor gear, targeting primarily veteran, first responder, and outdoor enthusiast consumer segments across North America, via both e-commerce and physical retail channels.
BRCC vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $188.3M |
| Net Profit | $-3.2M | $90.3M |
| Gross Margin | 32.1% | 79.5% |
| Operating Margin | -6.3% | 32.3% |
| Net Margin | -2.8% | 47.9% |
| Revenue YoY | 6.5% | -21.9% |
| Net Profit YoY | -29.3% | 1710.8% |
| EPS (diluted) | $-0.02 | $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 | $112.7M | $188.3M | ||
| Q3 25 | $100.7M | $215.3M | ||
| Q2 25 | $94.8M | $188.2M | ||
| Q1 25 | $90.0M | $197.2M | ||
| Q4 24 | $105.9M | $241.0M | ||
| Q3 24 | $98.2M | $225.5M | ||
| Q2 24 | $89.0M | $256.0M | ||
| Q1 24 | $98.4M | $263.4M |
| Q4 25 | $-3.2M | $90.3M | ||
| Q3 25 | $-486.0K | $91.1M | ||
| Q2 25 | $-5.3M | $139.5M | ||
| Q1 25 | $-2.9M | $-10.0M | ||
| Q4 24 | $-2.5M | $-5.6M | ||
| Q3 24 | $-535.0K | $-284.4M | ||
| Q2 24 | $-482.0K | $-433.6M | ||
| Q1 24 | $548.0K | $-49.2M |
| Q4 25 | 32.1% | 79.5% | ||
| Q3 25 | 36.9% | 83.7% | ||
| Q2 25 | 33.9% | 81.3% | ||
| Q1 25 | 36.1% | 81.4% | ||
| Q4 24 | 38.1% | 79.8% | ||
| Q3 24 | 42.1% | 82.1% | ||
| Q2 24 | 41.9% | 84.5% | ||
| Q1 24 | 42.9% | 85.3% |
| Q4 25 | -6.3% | 32.3% | ||
| Q3 25 | 0.5% | 30.4% | ||
| Q2 25 | -13.3% | 5.7% | ||
| Q1 25 | -6.0% | -31.2% | ||
| Q4 24 | -2.1% | -69.2% | ||
| Q3 24 | 1.1% | -36.4% | ||
| Q2 24 | 1.1% | -90.8% | ||
| Q1 24 | 4.0% | -6.1% |
| Q4 25 | -2.8% | 47.9% | ||
| Q3 25 | -0.5% | 42.3% | ||
| Q2 25 | -5.6% | 74.1% | ||
| Q1 25 | -3.2% | -5.1% | ||
| Q4 24 | -2.3% | -2.3% | ||
| Q3 24 | -0.5% | -126.1% | ||
| Q2 24 | -0.5% | -169.4% | ||
| Q1 24 | 0.6% | -18.7% |
| Q4 25 | $-0.02 | $2.78 | ||
| Q3 25 | $0.00 | $2.91 | ||
| Q2 25 | $-0.07 | $4.50 | ||
| Q1 25 | $-0.04 | $-0.39 | ||
| Q4 24 | $-0.03 | $-0.01 | ||
| Q3 24 | $-0.01 | $-9.39 | ||
| Q2 24 | $-0.01 | $-14.35 | ||
| Q1 24 | $0.01 | $-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 | $4.3M | $226.6M |
| Total DebtLower is stronger | $34.7M | $1.4B |
| Stockholders' EquityBook value | $45.7M | $-171.5M |
| Total Assets | $209.2M | $1.7B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $226.6M | ||
| Q3 25 | $9.5M | $184.2M | ||
| Q2 25 | $4.3M | $267.4M | ||
| Q1 25 | $3.9M | $138.3M | ||
| Q4 24 | $6.8M | $146.9M | ||
| Q3 24 | $7.3M | $159.2M | ||
| Q2 24 | $9.6M | $236.9M | ||
| Q1 24 | $4.0M | $190.7M |
| Q4 25 | $34.7M | $1.4B | ||
| Q3 25 | $35.0M | $1.3B | ||
| Q2 25 | $72.7M | $1.3B | ||
| Q1 25 | $68.8M | $1.4B | ||
| Q4 24 | $65.1M | $1.5B | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $66.5M | — | ||
| Q1 24 | $61.5M | — |
| Q4 25 | $45.7M | $-171.5M | ||
| Q3 25 | $48.0M | $-260.5M | ||
| Q2 25 | $10.1M | $-351.7M | ||
| Q1 25 | $11.2M | $-496.8M | ||
| Q4 24 | $13.2M | $-488.2M | ||
| Q3 24 | $14.5M | $-497.6M | ||
| Q2 24 | $14.9M | $-218.3M | ||
| Q1 24 | $14.6M | $228.4M |
| Q4 25 | $209.2M | $1.7B | ||
| Q3 25 | $222.4M | $1.7B | ||
| Q2 25 | $225.3M | $1.5B | ||
| Q1 25 | $222.9M | $1.5B | ||
| Q4 24 | $227.4M | $1.8B | ||
| Q3 24 | $233.7M | $2.2B | ||
| Q2 24 | $229.9M | $3.2B | ||
| Q1 24 | $227.2M | $5.0B |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 7.19× | — | ||
| Q1 25 | 6.15× | — | ||
| Q4 24 | 4.94× | — | ||
| Q3 24 | 4.47× | — | ||
| Q2 24 | 4.46× | — | ||
| Q1 24 | 4.21× | — |
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 | $-8.7M | $26.2M |
| Free Cash FlowOCF − Capex | $-9.4M | — |
| FCF MarginFCF / Revenue | -8.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $26.2M | ||
| Q3 25 | $6.4M | $-60.6M | ||
| Q2 25 | $-3.3M | $-25.6M | ||
| Q1 25 | $-4.1M | $184.0K | ||
| Q4 24 | $2.2M | $-2.7M | ||
| Q3 24 | $1.9M | $19.5M | ||
| Q2 24 | $2.3M | $111.5M | ||
| Q1 24 | $4.9M | $135.4M |
| Q4 25 | $-9.4M | — | ||
| Q3 25 | $5.6M | — | ||
| Q2 25 | $-4.3M | — | ||
| Q1 25 | $-5.3M | — | ||
| Q4 24 | $504.0K | — | ||
| Q3 24 | $-205.0K | — | ||
| Q2 24 | $147.0K | — | ||
| Q1 24 | $2.2M | — |
| Q4 25 | -8.3% | — | ||
| Q3 25 | 5.5% | — | ||
| Q2 25 | -4.5% | — | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 2.2% | — |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 2.8% | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
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% |
