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Side-by-side financial comparison of MAXLINEAR, INC (MXL) 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 $137.2M, roughly 1.4× MAXLINEAR, INC). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -32.9%, a 80.8% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs -21.9%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs -15.4%).

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

MXL vs RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.4× larger
RILY
$188.3M
$137.2M
MXL
Growing faster (revenue YoY)
MXL
MXL
+64.9% gap
MXL
43.0%
-21.9%
RILY
Higher net margin
RILY
RILY
80.8% more per $
RILY
47.9%
-32.9%
MXL
Faster 2-yr revenue CAGR
MXL
MXL
Annualised
MXL
22.1%
-15.4%
RILY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MXL
MXL
RILY
RILY
Revenue
$137.2M
$188.3M
Net Profit
$-45.1M
$90.3M
Gross Margin
57.5%
79.5%
Operating Margin
30.0%
32.3%
Net Margin
-32.9%
47.9%
Revenue YoY
43.0%
-21.9%
Net Profit YoY
-203.0%
1710.8%
EPS (diluted)
$-0.52
$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
MXL
MXL
RILY
RILY
Q1 26
$137.2M
Q4 25
$136.4M
$188.3M
Q3 25
$126.5M
$215.3M
Q2 25
$108.8M
$188.2M
Q1 25
$95.9M
$197.2M
Q4 24
$92.2M
$241.0M
Q3 24
$81.1M
$225.5M
Q2 24
$92.0M
$256.0M
Net Profit
MXL
MXL
RILY
RILY
Q1 26
$-45.1M
Q4 25
$-14.9M
$90.3M
Q3 25
$-45.5M
$91.1M
Q2 25
$-26.6M
$139.5M
Q1 25
$-49.7M
$-10.0M
Q4 24
$-57.8M
$-5.6M
Q3 24
$-75.8M
$-284.4M
Q2 24
$-39.3M
$-433.6M
Gross Margin
MXL
MXL
RILY
RILY
Q1 26
57.5%
Q4 25
57.6%
79.5%
Q3 25
56.9%
83.7%
Q2 25
56.5%
81.3%
Q1 25
56.1%
81.4%
Q4 24
55.6%
79.8%
Q3 24
54.4%
82.1%
Q2 24
54.6%
84.5%
Operating Margin
MXL
MXL
RILY
RILY
Q1 26
30.0%
Q4 25
-10.9%
32.3%
Q3 25
-32.7%
30.4%
Q2 25
-22.6%
5.7%
Q1 25
-48.0%
-31.2%
Q4 24
-44.7%
-69.2%
Q3 24
-82.3%
-36.4%
Q2 24
-44.4%
-90.8%
Net Margin
MXL
MXL
RILY
RILY
Q1 26
-32.9%
Q4 25
-10.9%
47.9%
Q3 25
-36.0%
42.3%
Q2 25
-24.4%
74.1%
Q1 25
-51.8%
-5.1%
Q4 24
-62.8%
-2.3%
Q3 24
-93.4%
-126.1%
Q2 24
-42.7%
-169.4%
EPS (diluted)
MXL
MXL
RILY
RILY
Q1 26
$-0.52
Q4 25
$-0.17
$2.78
Q3 25
$-0.52
$2.91
Q2 25
$-0.31
$4.50
Q1 25
$-0.58
$-0.39
Q4 24
$-0.68
$-0.01
Q3 24
$-0.90
$-9.39
Q2 24
$-0.47
$-14.35

Balance Sheet & Financial Strength

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

Metric
MXL
MXL
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$61.1M
$226.6M
Total DebtLower is stronger
$123.8M
$1.4B
Stockholders' EquityBook value
$454.2M
$-171.5M
Total Assets
$771.3M
$1.7B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXL
MXL
RILY
RILY
Q1 26
$61.1M
Q4 25
$72.8M
$226.6M
Q3 25
$111.9M
$184.2M
Q2 25
$108.6M
$267.4M
Q1 25
$102.8M
$138.3M
Q4 24
$118.6M
$146.9M
Q3 24
$148.5M
$159.2M
Q2 24
$185.1M
$236.9M
Total Debt
MXL
MXL
RILY
RILY
Q1 26
$123.8M
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
Q2 24
Stockholders' Equity
MXL
MXL
RILY
RILY
Q1 26
$454.2M
Q4 25
$451.9M
$-171.5M
Q3 25
$464.7M
$-260.5M
Q2 25
$488.3M
$-351.7M
Q1 25
$493.2M
$-496.8M
Q4 24
$516.3M
$-488.2M
Q3 24
$556.9M
$-497.6M
Q2 24
$617.3M
$-218.3M
Total Assets
MXL
MXL
RILY
RILY
Q1 26
$771.3M
Q4 25
$796.4M
$1.7B
Q3 25
$808.1M
$1.7B
Q2 25
$863.7M
$1.5B
Q1 25
$855.3M
$1.5B
Q4 24
$864.6M
$1.8B
Q3 24
$895.3M
$2.2B
Q2 24
$973.2M
$3.2B
Debt / Equity
MXL
MXL
RILY
RILY
Q1 26
0.27×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
MXL
MXL
RILY
RILY
Operating Cash FlowLast quarter
$26.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MXL
MXL
RILY
RILY
Q1 26
Q4 25
$10.4M
$26.2M
Q3 25
$10.1M
$-60.6M
Q2 25
$10.5M
$-25.6M
Q1 25
$-11.4M
$184.0K
Q4 24
$-27.8M
$-2.7M
Q3 24
$-30.7M
$19.5M
Q2 24
$-2.7M
$111.5M
Free Cash Flow
MXL
MXL
RILY
RILY
Q1 26
Q4 25
$6.7M
Q3 25
$4.4M
Q2 25
$9.3M
Q1 25
$-13.4M
Q4 24
$-30.0M
Q3 24
$-34.9M
Q2 24
$-5.7M
FCF Margin
MXL
MXL
RILY
RILY
Q1 26
Q4 25
4.9%
Q3 25
3.5%
Q2 25
8.6%
Q1 25
-14.0%
Q4 24
-32.6%
Q3 24
-43.0%
Q2 24
-6.2%
Capex Intensity
MXL
MXL
RILY
RILY
Q1 26
Q4 25
2.7%
Q3 25
4.5%
Q2 25
1.1%
Q1 25
2.1%
Q4 24
2.4%
Q3 24
5.1%
Q2 24
3.3%
Cash Conversion
MXL
MXL
RILY
RILY
Q1 26
Q4 25
0.29×
Q3 25
-0.66×
Q2 25
-0.18×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MXL
MXL

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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