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Side-by-side financial comparison of NETGEAR, INC. (NTGR) 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 $182.5M, roughly 1.0× NETGEAR, INC.). On growth, NETGEAR, INC. posted the faster year-over-year revenue change (0.0% vs -21.9%). Over the past eight quarters, NETGEAR, INC.'s revenue compounded faster (5.3% CAGR vs -15.4%).

Netgear, Inc., is an American computer networking company based in San Jose, California, with offices in about 22 other countries. It produces networking hardware for consumers, businesses, and service providers. The company operates in three business segments: retail, commercial, and as a service provider.

NTGR vs RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.0× larger
RILY
$188.3M
$182.5M
NTGR
Growing faster (revenue YoY)
NTGR
NTGR
+21.9% gap
NTGR
0.0%
-21.9%
RILY
Faster 2-yr revenue CAGR
NTGR
NTGR
Annualised
NTGR
5.3%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NTGR
NTGR
RILY
RILY
Revenue
$182.5M
$188.3M
Net Profit
$90.3M
Gross Margin
40.4%
79.5%
Operating Margin
-2.6%
32.3%
Net Margin
47.9%
Revenue YoY
0.0%
-21.9%
Net Profit YoY
1710.8%
EPS (diluted)
$-0.03
$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
NTGR
NTGR
RILY
RILY
Q4 25
$182.5M
$188.3M
Q3 25
$184.6M
$215.3M
Q2 25
$170.5M
$188.2M
Q1 25
$162.1M
$197.2M
Q4 24
$182.4M
$241.0M
Q3 24
$182.9M
$225.5M
Q2 24
$143.9M
$256.0M
Q1 24
$164.6M
$263.4M
Net Profit
NTGR
NTGR
RILY
RILY
Q4 25
$90.3M
Q3 25
$-4.8M
$91.1M
Q2 25
$-6.4M
$139.5M
Q1 25
$-6.0M
$-10.0M
Q4 24
$-8.9M
$-5.6M
Q3 24
$85.1M
$-284.4M
Q2 24
$-45.2M
$-433.6M
Q1 24
$-18.6M
$-49.2M
Gross Margin
NTGR
NTGR
RILY
RILY
Q4 25
40.4%
79.5%
Q3 25
39.1%
83.7%
Q2 25
37.5%
81.3%
Q1 25
34.8%
81.4%
Q4 24
32.6%
79.8%
Q3 24
30.9%
82.1%
Q2 24
22.1%
84.5%
Q1 24
29.3%
85.3%
Operating Margin
NTGR
NTGR
RILY
RILY
Q4 25
-2.6%
32.3%
Q3 25
-3.8%
30.4%
Q2 25
-5.6%
5.7%
Q1 25
-7.9%
-31.2%
Q4 24
-8.3%
-69.2%
Q3 24
52.4%
-36.4%
Q2 24
-32.6%
-90.8%
Q1 24
-13.2%
-6.1%
Net Margin
NTGR
NTGR
RILY
RILY
Q4 25
47.9%
Q3 25
-2.6%
42.3%
Q2 25
-3.8%
74.1%
Q1 25
-3.7%
-5.1%
Q4 24
-4.9%
-2.3%
Q3 24
46.5%
-126.1%
Q2 24
-31.4%
-169.4%
Q1 24
-11.3%
-18.7%
EPS (diluted)
NTGR
NTGR
RILY
RILY
Q4 25
$-0.03
$2.78
Q3 25
$-0.17
$2.91
Q2 25
$-0.22
$4.50
Q1 25
$-0.21
$-0.39
Q4 24
$-0.29
$-0.01
Q3 24
$2.90
$-9.39
Q2 24
$-1.56
$-14.35
Q1 24
$-0.63
$-1.71

Balance Sheet & Financial Strength

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

Metric
NTGR
NTGR
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$323.0M
$226.6M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$497.8M
$-171.5M
Total Assets
$836.3M
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTGR
NTGR
RILY
RILY
Q4 25
$323.0M
$226.6M
Q3 25
$326.4M
$184.2M
Q2 25
$363.5M
$267.4M
Q1 25
$391.9M
$138.3M
Q4 24
$408.7M
$146.9M
Q3 24
$395.7M
$159.2M
Q2 24
$294.3M
$236.9M
Q1 24
$289.4M
$190.7M
Total Debt
NTGR
NTGR
RILY
RILY
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NTGR
NTGR
RILY
RILY
Q4 25
$497.8M
$-171.5M
Q3 25
$506.8M
$-260.5M
Q2 25
$523.2M
$-351.7M
Q1 25
$534.2M
$-496.8M
Q4 24
$541.1M
$-488.2M
Q3 24
$550.3M
$-497.6M
Q2 24
$459.4M
$-218.3M
Q1 24
$511.4M
$228.4M
Total Assets
NTGR
NTGR
RILY
RILY
Q4 25
$836.3M
$1.7B
Q3 25
$810.8M
$1.7B
Q2 25
$803.5M
$1.5B
Q1 25
$814.2M
$1.5B
Q4 24
$850.2M
$1.8B
Q3 24
$862.6M
$2.2B
Q2 24
$754.1M
$3.2B
Q1 24
$801.3M
$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
NTGR
NTGR
RILY
RILY
Operating Cash FlowLast quarter
$19.5M
$26.2M
Free Cash FlowOCF − Capex
$13.6M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters
$-18.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTGR
NTGR
RILY
RILY
Q4 25
$19.5M
$26.2M
Q3 25
$-7.4M
$-60.6M
Q2 25
$-1.8M
$-25.6M
Q1 25
$-8.7M
$184.0K
Q4 24
$21.5M
$-2.7M
Q3 24
$107.7M
$19.5M
Q2 24
$18.4M
$111.5M
Q1 24
$17.2M
$135.4M
Free Cash Flow
NTGR
NTGR
RILY
RILY
Q4 25
$13.6M
Q3 25
$-17.1M
Q2 25
$-5.3M
Q1 25
$-10.1M
Q4 24
$19.0M
Q3 24
$106.0M
Q2 24
$16.1M
Q1 24
$14.7M
FCF Margin
NTGR
NTGR
RILY
RILY
Q4 25
7.5%
Q3 25
-9.3%
Q2 25
-3.1%
Q1 25
-6.3%
Q4 24
10.4%
Q3 24
58.0%
Q2 24
11.2%
Q1 24
8.9%
Capex Intensity
NTGR
NTGR
RILY
RILY
Q4 25
3.2%
Q3 25
5.3%
Q2 25
2.1%
Q1 25
0.9%
Q4 24
1.4%
Q3 24
0.9%
Q2 24
1.6%
Q1 24
1.5%
Cash Conversion
NTGR
NTGR
RILY
RILY
Q4 25
0.29×
Q3 25
-0.66×
Q2 25
-0.18×
Q1 25
Q4 24
Q3 24
1.27×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NTGR
NTGR

Other$93.4M51%
Sales Channel Directly To Consumer$89.1M49%

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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