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Side-by-side financial comparison of Cohen & Co Inc. (COHN) 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 $102.7M, roughly 1.8× Cohen & Co Inc.). On growth, Cohen & Co Inc. posted the faster year-over-year revenue change (454.1% vs -21.9%). Over the past eight quarters, Cohen & Co Inc.'s revenue compounded faster (135.3% CAGR vs -15.4%).

George Cohen, Sons and Company was a scrap metal merchant with offices in Commercial Road, London. The company was founded by George Henry Cohen (d.1890) as Messrs. George Cohen & Co. in 1834 and changed its name to George Cohen, Sons and Co. in 1883 on the appointment of Michael Cohen, son of the founder. After the First World War the company won a number of large contracts to dispose of surplus munitions including "400,000 tons of high explosives and other shells". The company also engaged ...

COHN vs RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.8× larger
RILY
$188.3M
$102.7M
COHN
Growing faster (revenue YoY)
COHN
COHN
+476.0% gap
COHN
454.1%
-21.9%
RILY
Faster 2-yr revenue CAGR
COHN
COHN
Annualised
COHN
135.3%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COHN
COHN
RILY
RILY
Revenue
$102.7M
$188.3M
Net Profit
$90.3M
Gross Margin
79.5%
Operating Margin
29.2%
32.3%
Net Margin
47.9%
Revenue YoY
454.1%
-21.9%
Net Profit YoY
1710.8%
EPS (diluted)
$0.77
$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
COHN
COHN
RILY
RILY
Q4 25
$102.7M
$188.3M
Q3 25
$84.2M
$215.3M
Q2 25
$59.9M
$188.2M
Q1 25
$28.7M
$197.2M
Q4 24
$18.5M
$241.0M
Q3 24
$31.7M
$225.5M
Q2 24
$10.8M
$256.0M
Q1 24
$18.6M
$263.4M
Net Profit
COHN
COHN
RILY
RILY
Q4 25
$90.3M
Q3 25
$4.6M
$91.1M
Q2 25
$1.4M
$139.5M
Q1 25
$329.0K
$-10.0M
Q4 24
$-5.6M
Q3 24
$2.1M
$-284.4M
Q2 24
$-2.3M
$-433.6M
Q1 24
$2.0M
$-49.2M
Gross Margin
COHN
COHN
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
COHN
COHN
RILY
RILY
Q4 25
29.2%
32.3%
Q3 25
25.8%
30.4%
Q2 25
12.5%
5.7%
Q1 25
0.4%
-31.2%
Q4 24
-29.7%
-69.2%
Q3 24
22.8%
-36.4%
Q2 24
-59.0%
-90.8%
Q1 24
-18.2%
-6.1%
Net Margin
COHN
COHN
RILY
RILY
Q4 25
47.9%
Q3 25
5.5%
42.3%
Q2 25
2.4%
74.1%
Q1 25
1.1%
-5.1%
Q4 24
-2.3%
Q3 24
6.8%
-126.1%
Q2 24
-21.8%
-169.4%
Q1 24
10.9%
-18.7%
EPS (diluted)
COHN
COHN
RILY
RILY
Q4 25
$0.77
$2.78
Q3 25
$2.58
$2.91
Q2 25
$0.81
$4.50
Q1 25
$0.19
$-0.39
Q4 24
$-1.20
$-0.01
Q3 24
$1.31
$-9.39
Q2 24
$-1.47
$-14.35
Q1 24
$1.28
$-1.71

Balance Sheet & Financial Strength

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

Metric
COHN
COHN
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$56.8M
$226.6M
Total DebtLower is stronger
$32.9M
$1.4B
Stockholders' EquityBook value
$51.1M
$-171.5M
Total Assets
$700.6M
$1.7B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COHN
COHN
RILY
RILY
Q4 25
$56.8M
$226.6M
Q3 25
$54.7M
$184.2M
Q2 25
$26.0M
$267.4M
Q1 25
$14.0M
$138.3M
Q4 24
$19.6M
$146.9M
Q3 24
$14.3M
$159.2M
Q2 24
$9.6M
$236.9M
Q1 24
$11.8M
$190.7M
Total Debt
COHN
COHN
RILY
RILY
Q4 25
$32.9M
$1.4B
Q3 25
$32.7M
$1.3B
Q2 25
$32.6M
$1.3B
Q1 25
$35.0M
$1.4B
Q4 24
$34.9M
$1.5B
Q3 24
$34.9M
Q2 24
$29.7M
Q1 24
$29.7M
Stockholders' Equity
COHN
COHN
RILY
RILY
Q4 25
$51.1M
$-171.5M
Q3 25
$47.8M
$-260.5M
Q2 25
$43.4M
$-351.7M
Q1 25
$42.0M
$-496.8M
Q4 24
$41.7M
$-488.2M
Q3 24
$43.8M
$-497.6M
Q2 24
$41.7M
$-218.3M
Q1 24
$43.8M
$228.4M
Total Assets
COHN
COHN
RILY
RILY
Q4 25
$700.6M
$1.7B
Q3 25
$773.9M
$1.7B
Q2 25
$1.1B
$1.5B
Q1 25
$978.0M
$1.5B
Q4 24
$971.1M
$1.8B
Q3 24
$818.0M
$2.2B
Q2 24
$826.0M
$3.2B
Q1 24
$1.1B
$5.0B
Debt / Equity
COHN
COHN
RILY
RILY
Q4 25
0.64×
Q3 25
0.68×
Q2 25
0.75×
Q1 25
0.83×
Q4 24
0.84×
Q3 24
0.80×
Q2 24
0.71×
Q1 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
COHN
COHN
RILY
RILY
Operating Cash FlowLast quarter
$-2.1M
$26.2M
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-2.4%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters
$26.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COHN
COHN
RILY
RILY
Q4 25
$-2.1M
$26.2M
Q3 25
$22.4M
$-60.6M
Q2 25
$13.3M
$-25.6M
Q1 25
$-6.4M
$184.0K
Q4 24
$4.4M
$-2.7M
Q3 24
$4.1M
$19.5M
Q2 24
$-4.2M
$111.5M
Q1 24
$5.1M
$135.4M
Free Cash Flow
COHN
COHN
RILY
RILY
Q4 25
$-2.5M
Q3 25
$22.2M
Q2 25
$12.9M
Q1 25
$-6.5M
Q4 24
$4.0M
Q3 24
$3.8M
Q2 24
$-4.6M
Q1 24
$5.0M
FCF Margin
COHN
COHN
RILY
RILY
Q4 25
-2.4%
Q3 25
26.3%
Q2 25
21.6%
Q1 25
-22.7%
Q4 24
21.4%
Q3 24
12.0%
Q2 24
-42.4%
Q1 24
27.1%
Capex Intensity
COHN
COHN
RILY
RILY
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.7%
Q1 25
0.5%
Q4 24
2.5%
Q3 24
1.0%
Q2 24
3.5%
Q1 24
0.5%
Cash Conversion
COHN
COHN
RILY
RILY
Q4 25
0.29×
Q3 25
4.88×
-0.66×
Q2 25
9.48×
-0.18×
Q1 25
-19.37×
Q4 24
Q3 24
1.91×
Q2 24
Q1 24
2.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COHN
COHN

Capital Markets$68.5M67%
Other$25.7M25%
Gestational Repo Business$5.6M5%
Asset Management Segment$2.9M3%

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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