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Side-by-side financial comparison of N-able, Inc. (NABL) 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 $130.3M, roughly 1.4× N-able, Inc.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs -21.9%). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% CAGR vs -15.4%).

NABL vs RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.4× larger
RILY
$188.3M
$130.3M
NABL
Growing faster (revenue YoY)
NABL
NABL
+33.7% gap
NABL
11.8%
-21.9%
RILY
Faster 2-yr revenue CAGR
NABL
NABL
Annualised
NABL
7.0%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NABL
NABL
RILY
RILY
Revenue
$130.3M
$188.3M
Net Profit
$90.3M
Gross Margin
76.2%
79.5%
Operating Margin
10.2%
32.3%
Net Margin
47.9%
Revenue YoY
11.8%
-21.9%
Net Profit YoY
1710.8%
EPS (diluted)
$-0.04
$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
NABL
NABL
RILY
RILY
Q4 25
$130.3M
$188.3M
Q3 25
$131.7M
$215.3M
Q2 25
$131.2M
$188.2M
Q1 25
$118.2M
$197.2M
Q4 24
$116.5M
$241.0M
Q3 24
$116.4M
$225.5M
Q2 24
$119.4M
$256.0M
Q1 24
$113.7M
$263.4M
Net Profit
NABL
NABL
RILY
RILY
Q4 25
$90.3M
Q3 25
$1.4M
$91.1M
Q2 25
$-4.0M
$139.5M
Q1 25
$-7.2M
$-10.0M
Q4 24
$-5.6M
Q3 24
$10.8M
$-284.4M
Q2 24
$9.5M
$-433.6M
Q1 24
$7.5M
$-49.2M
Gross Margin
NABL
NABL
RILY
RILY
Q4 25
76.2%
79.5%
Q3 25
77.5%
83.7%
Q2 25
78.1%
81.3%
Q1 25
76.6%
81.4%
Q4 24
80.0%
79.8%
Q3 24
82.9%
82.1%
Q2 24
84.0%
84.5%
Q1 24
83.9%
85.3%
Operating Margin
NABL
NABL
RILY
RILY
Q4 25
10.2%
32.3%
Q3 25
8.8%
30.4%
Q2 25
7.7%
5.7%
Q1 25
1.5%
-31.2%
Q4 24
13.7%
-69.2%
Q3 24
20.5%
-36.4%
Q2 24
18.4%
-90.8%
Q1 24
18.0%
-6.1%
Net Margin
NABL
NABL
RILY
RILY
Q4 25
47.9%
Q3 25
1.1%
42.3%
Q2 25
-3.1%
74.1%
Q1 25
-6.1%
-5.1%
Q4 24
-2.3%
Q3 24
9.2%
-126.1%
Q2 24
7.9%
-169.4%
Q1 24
6.6%
-18.7%
EPS (diluted)
NABL
NABL
RILY
RILY
Q4 25
$-0.04
$2.78
Q3 25
$0.01
$2.91
Q2 25
$-0.02
$4.50
Q1 25
$-0.04
$-0.39
Q4 24
$0.01
$-0.01
Q3 24
$0.06
$-9.39
Q2 24
$0.05
$-14.35
Q1 24
$0.04
$-1.71

Balance Sheet & Financial Strength

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

Metric
NABL
NABL
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$111.8M
$226.6M
Total DebtLower is stronger
$393.9M
$1.4B
Stockholders' EquityBook value
$804.7M
$-171.5M
Total Assets
$1.4B
$1.7B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NABL
NABL
RILY
RILY
Q4 25
$111.8M
$226.6M
Q3 25
$101.4M
$184.2M
Q2 25
$93.9M
$267.4M
Q1 25
$94.1M
$138.3M
Q4 24
$85.2M
$146.9M
Q3 24
$174.4M
$159.2M
Q2 24
$157.5M
$236.9M
Q1 24
$139.2M
$190.7M
Total Debt
NABL
NABL
RILY
RILY
Q4 25
$393.9M
$1.4B
Q3 25
$331.7M
$1.3B
Q2 25
$332.1M
$1.3B
Q1 25
$332.6M
$1.4B
Q4 24
$333.1M
$1.5B
Q3 24
$333.6M
Q2 24
$334.1M
Q1 24
$334.5M
Stockholders' Equity
NABL
NABL
RILY
RILY
Q4 25
$804.7M
$-171.5M
Q3 25
$813.4M
$-260.5M
Q2 25
$809.4M
$-351.7M
Q1 25
$775.1M
$-496.8M
Q4 24
$759.3M
$-488.2M
Q3 24
$765.0M
$-497.6M
Q2 24
$724.4M
$-218.3M
Q1 24
$709.1M
$228.4M
Total Assets
NABL
NABL
RILY
RILY
Q4 25
$1.4B
$1.7B
Q3 25
$1.4B
$1.7B
Q2 25
$1.4B
$1.5B
Q1 25
$1.4B
$1.5B
Q4 24
$1.3B
$1.8B
Q3 24
$1.2B
$2.2B
Q2 24
$1.2B
$3.2B
Q1 24
$1.1B
$5.0B
Debt / Equity
NABL
NABL
RILY
RILY
Q4 25
0.49×
Q3 25
0.41×
Q2 25
0.41×
Q1 25
0.43×
Q4 24
0.44×
Q3 24
0.44×
Q2 24
0.46×
Q1 24
0.47×

Cash Flow & Capital Efficiency

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

Metric
NABL
NABL
RILY
RILY
Operating Cash FlowLast quarter
$25.3M
$26.2M
Free Cash FlowOCF − Capex
$20.9M
FCF MarginFCF / Revenue
16.0%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters
$75.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NABL
NABL
RILY
RILY
Q4 25
$25.3M
$26.2M
Q3 25
$24.0M
$-60.6M
Q2 25
$24.2M
$-25.6M
Q1 25
$19.7M
$184.0K
Q4 24
$26.0M
$-2.7M
Q3 24
$22.0M
$19.5M
Q2 24
$27.3M
$111.5M
Q1 24
$4.2M
$135.4M
Free Cash Flow
NABL
NABL
RILY
RILY
Q4 25
$20.9M
Q3 25
$17.4M
Q2 25
$20.4M
Q1 25
$16.4M
Q4 24
$18.8M
Q3 24
$18.2M
Q2 24
$24.0M
Q1 24
$746.0K
FCF Margin
NABL
NABL
RILY
RILY
Q4 25
16.0%
Q3 25
13.2%
Q2 25
15.5%
Q1 25
13.9%
Q4 24
16.2%
Q3 24
15.7%
Q2 24
20.1%
Q1 24
0.7%
Capex Intensity
NABL
NABL
RILY
RILY
Q4 25
3.4%
Q3 25
5.0%
Q2 25
2.9%
Q1 25
2.8%
Q4 24
6.1%
Q3 24
3.2%
Q2 24
2.7%
Q1 24
3.0%
Cash Conversion
NABL
NABL
RILY
RILY
Q4 25
0.29×
Q3 25
17.36×
-0.66×
Q2 25
-0.18×
Q1 25
Q4 24
Q3 24
2.04×
Q2 24
2.89×
Q1 24
0.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NABL
NABL

Transferred Over Time$121.9M94%
Transferred At Point In Time$8.4M6%
Other Revenue$1.3M1%

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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