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Side-by-side financial comparison of Guardant Health, Inc. (GH) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.

Guardant Health, Inc. is the larger business by last-quarter revenue ($281.3M vs $188.3M, roughly 1.5× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -45.7%, a 93.6% gap on every dollar of revenue. On growth, Guardant Health, Inc. posted the faster year-over-year revenue change (39.4% vs -21.9%). Over the past eight quarters, Guardant Health, Inc.'s revenue compounded faster (29.2% CAGR vs -15.4%).

Guardant Health, Inc. is an American biotechnology company based in Palo Alto, California. Co-founders Helmy Eltoukhy and AmirAli Talasaz serve as co-chief executive officers.

GH vs RILY — Head-to-Head

Bigger by revenue
GH
GH
1.5× larger
GH
$281.3M
$188.3M
RILY
Growing faster (revenue YoY)
GH
GH
+61.2% gap
GH
39.4%
-21.9%
RILY
Higher net margin
RILY
RILY
93.6% more per $
RILY
47.9%
-45.7%
GH
Faster 2-yr revenue CAGR
GH
GH
Annualised
GH
29.2%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GH
GH
RILY
RILY
Revenue
$281.3M
$188.3M
Net Profit
$-128.5M
$90.3M
Gross Margin
64.6%
79.5%
Operating Margin
-43.0%
32.3%
Net Margin
-45.7%
47.9%
Revenue YoY
39.4%
-21.9%
Net Profit YoY
-15.8%
1710.8%
EPS (diluted)
$-1.01
$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
GH
GH
RILY
RILY
Q4 25
$281.3M
$188.3M
Q3 25
$265.2M
$215.3M
Q2 25
$232.1M
$188.2M
Q1 25
$203.5M
$197.2M
Q4 24
$201.8M
$241.0M
Q3 24
$191.5M
$225.5M
Q2 24
$177.2M
$256.0M
Q1 24
$168.5M
$263.4M
Net Profit
GH
GH
RILY
RILY
Q4 25
$-128.5M
$90.3M
Q3 25
$-92.7M
$91.1M
Q2 25
$-99.9M
$139.5M
Q1 25
$-95.2M
$-10.0M
Q4 24
$-111.0M
$-5.6M
Q3 24
$-107.8M
$-284.4M
Q2 24
$-102.6M
$-433.6M
Q1 24
$-115.0M
$-49.2M
Gross Margin
GH
GH
RILY
RILY
Q4 25
64.6%
79.5%
Q3 25
64.7%
83.7%
Q2 25
65.0%
81.3%
Q1 25
63.3%
81.4%
Q4 24
61.6%
79.8%
Q3 24
61.1%
82.1%
Q2 24
59.1%
84.5%
Q1 24
61.2%
85.3%
Operating Margin
GH
GH
RILY
RILY
Q4 25
-43.0%
32.3%
Q3 25
-37.3%
30.4%
Q2 25
-45.9%
5.7%
Q1 25
-54.6%
-31.2%
Q4 24
-62.4%
-69.2%
Q3 24
-61.3%
-36.4%
Q2 24
-56.8%
-90.8%
Q1 24
-59.2%
-6.1%
Net Margin
GH
GH
RILY
RILY
Q4 25
-45.7%
47.9%
Q3 25
-35.0%
42.3%
Q2 25
-43.0%
74.1%
Q1 25
-46.8%
-5.1%
Q4 24
-55.0%
-2.3%
Q3 24
-56.3%
-126.1%
Q2 24
-57.9%
-169.4%
Q1 24
-68.2%
-18.7%
EPS (diluted)
GH
GH
RILY
RILY
Q4 25
$-1.01
$2.78
Q3 25
$-0.74
$2.91
Q2 25
$-0.80
$4.50
Q1 25
$-0.77
$-0.39
Q4 24
$-0.90
$-0.01
Q3 24
$-0.88
$-9.39
Q2 24
$-0.84
$-14.35
Q1 24
$-0.94
$-1.71

Balance Sheet & Financial Strength

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

Metric
GH
GH
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$378.2M
$226.6M
Total DebtLower is stronger
$1.5B
$1.4B
Stockholders' EquityBook value
$-99.3M
$-171.5M
Total Assets
$2.0B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GH
GH
RILY
RILY
Q4 25
$378.2M
$226.6M
Q3 25
$580.0M
$184.2M
Q2 25
$629.1M
$267.4M
Q1 25
$698.6M
$138.3M
Q4 24
$525.5M
$146.9M
Q3 24
$585.0M
$159.2M
Q2 24
$933.7M
$236.9M
Q1 24
$1.0B
$190.7M
Total Debt
GH
GH
RILY
RILY
Q4 25
$1.5B
$1.4B
Q3 25
$1.1B
$1.3B
Q2 25
$1.1B
$1.3B
Q1 25
$1.1B
$1.4B
Q4 24
$1.1B
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GH
GH
RILY
RILY
Q4 25
$-99.3M
$-171.5M
Q3 25
$-354.5M
$-260.5M
Q2 25
$-305.5M
$-351.7M
Q1 25
$-250.8M
$-496.8M
Q4 24
$-139.6M
$-488.2M
Q3 24
$-60.1M
$-497.6M
Q2 24
$-1.6M
$-218.3M
Q1 24
$68.3M
$228.4M
Total Assets
GH
GH
RILY
RILY
Q4 25
$2.0B
$1.7B
Q3 25
$1.3B
$1.7B
Q2 25
$1.3B
$1.5B
Q1 25
$1.3B
$1.5B
Q4 24
$1.5B
$1.8B
Q3 24
$1.5B
$2.2B
Q2 24
$1.6B
$3.2B
Q1 24
$1.7B
$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
GH
GH
RILY
RILY
Operating Cash FlowLast quarter
$-26.4M
$26.2M
Free Cash FlowOCF − Capex
$-54.2M
FCF MarginFCF / Revenue
-19.3%
Capex IntensityCapex / Revenue
9.9%
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters
$-233.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GH
GH
RILY
RILY
Q4 25
$-26.4M
$26.2M
Q3 25
$-35.4M
$-60.6M
Q2 25
$-60.3M
$-25.6M
Q1 25
$-62.7M
$184.0K
Q4 24
$-64.5M
$-2.7M
Q3 24
$-51.1M
$19.5M
Q2 24
$-94.0M
$111.5M
Q1 24
$-30.3M
$135.4M
Free Cash Flow
GH
GH
RILY
RILY
Q4 25
$-54.2M
Q3 25
$-45.8M
Q2 25
$-65.9M
Q1 25
$-67.1M
Q4 24
$-83.4M
Q3 24
$-55.3M
Q2 24
$-99.1M
Q1 24
$-37.2M
FCF Margin
GH
GH
RILY
RILY
Q4 25
-19.3%
Q3 25
-17.3%
Q2 25
-28.4%
Q1 25
-33.0%
Q4 24
-41.3%
Q3 24
-28.9%
Q2 24
-55.9%
Q1 24
-22.1%
Capex Intensity
GH
GH
RILY
RILY
Q4 25
9.9%
Q3 25
3.9%
Q2 25
2.4%
Q1 25
2.2%
Q4 24
9.4%
Q3 24
2.2%
Q2 24
2.9%
Q1 24
4.1%
Cash Conversion
GH
GH
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

GH
GH

Oncology$189.9M68%
Biopharma Data$54.0M19%
Screening$35.1M12%
Licensing Other$2.2M1%

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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