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Side-by-side financial comparison of NovoCure Ltd (NVCR) 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 $174.1M, roughly 1.1× NovoCure Ltd). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -40.9%, a 88.8% gap on every dollar of revenue. On growth, NovoCure Ltd posted the faster year-over-year revenue change (12.3% vs -21.9%). Over the past eight quarters, NovoCure Ltd's revenue compounded faster (7.6% CAGR vs -15.4%).

NovoCure Ltd is a global oncology company that develops and commercializes innovative Tumor Treating Fields (TTFields) therapy, a non-invasive wearable treatment using low-intensity electric fields to disrupt cancer cell division. Its approved therapies target glioblastoma, malignant mesothelioma and non-small cell lung cancer, serving patients across North America, Europe and Asia Pacific.

NVCR vs RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.1× larger
RILY
$188.3M
$174.1M
NVCR
Growing faster (revenue YoY)
NVCR
NVCR
+34.2% gap
NVCR
12.3%
-21.9%
RILY
Higher net margin
RILY
RILY
88.8% more per $
RILY
47.9%
-40.9%
NVCR
Faster 2-yr revenue CAGR
NVCR
NVCR
Annualised
NVCR
7.6%
-15.4%
RILY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NVCR
NVCR
RILY
RILY
Revenue
$174.1M
$188.3M
Net Profit
$-71.1M
$90.3M
Gross Margin
77.6%
79.5%
Operating Margin
32.3%
Net Margin
-40.9%
47.9%
Revenue YoY
12.3%
-21.9%
Net Profit YoY
-107.3%
1710.8%
EPS (diluted)
$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
NVCR
NVCR
RILY
RILY
Q1 26
$174.1M
Q4 25
$174.3M
$188.3M
Q3 25
$167.2M
$215.3M
Q2 25
$158.8M
$188.2M
Q1 25
$155.0M
$197.2M
Q4 24
$161.3M
$241.0M
Q3 24
$155.1M
$225.5M
Q2 24
$150.4M
$256.0M
Net Profit
NVCR
NVCR
RILY
RILY
Q1 26
$-71.1M
Q4 25
$-24.5M
$90.3M
Q3 25
$-37.3M
$91.1M
Q2 25
$-40.1M
$139.5M
Q1 25
$-34.3M
$-10.0M
Q4 24
$-65.9M
$-5.6M
Q3 24
$-30.6M
$-284.4M
Q2 24
$-33.4M
$-433.6M
Gross Margin
NVCR
NVCR
RILY
RILY
Q1 26
77.6%
Q4 25
75.8%
79.5%
Q3 25
73.2%
83.7%
Q2 25
73.9%
81.3%
Q1 25
75.1%
81.4%
Q4 24
79.2%
79.8%
Q3 24
77.2%
82.1%
Q2 24
77.0%
84.5%
Operating Margin
NVCR
NVCR
RILY
RILY
Q1 26
Q4 25
-23.2%
32.3%
Q3 25
-21.5%
30.4%
Q2 25
-24.9%
5.7%
Q1 25
-24.4%
-31.2%
Q4 24
-39.3%
-69.2%
Q3 24
-20.7%
-36.4%
Q2 24
-22.3%
-90.8%
Net Margin
NVCR
NVCR
RILY
RILY
Q1 26
-40.9%
Q4 25
-14.1%
47.9%
Q3 25
-22.3%
42.3%
Q2 25
-25.3%
74.1%
Q1 25
-22.1%
-5.1%
Q4 24
-40.9%
-2.3%
Q3 24
-19.7%
-126.1%
Q2 24
-22.2%
-169.4%
EPS (diluted)
NVCR
NVCR
RILY
RILY
Q1 26
Q4 25
$-0.22
$2.78
Q3 25
$-0.33
$2.91
Q2 25
$-0.36
$4.50
Q1 25
$-0.31
$-0.39
Q4 24
$-0.61
$-0.01
Q3 24
$-0.28
$-9.39
Q2 24
$-0.31
$-14.35

Balance Sheet & Financial Strength

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

Metric
NVCR
NVCR
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$432.0M
$226.6M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$330.7M
$-171.5M
Total Assets
$787.9M
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVCR
NVCR
RILY
RILY
Q1 26
$432.0M
Q4 25
$93.5M
$226.6M
Q3 25
$342.1M
$184.2M
Q2 25
$149.6M
$267.4M
Q1 25
$127.3M
$138.3M
Q4 24
$163.8M
$146.9M
Q3 24
$185.4M
$159.2M
Q2 24
$164.8M
$236.9M
Total Debt
NVCR
NVCR
RILY
RILY
Q1 26
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
NVCR
NVCR
RILY
RILY
Q1 26
$330.7M
Q4 25
$340.5M
$-171.5M
Q3 25
$341.3M
$-260.5M
Q2 25
$349.4M
$-351.7M
Q1 25
$362.0M
$-496.8M
Q4 24
$360.2M
$-488.2M
Q3 24
$360.8M
$-497.6M
Q2 24
$361.8M
$-218.3M
Total Assets
NVCR
NVCR
RILY
RILY
Q1 26
$787.9M
Q4 25
$804.3M
$1.7B
Q3 25
$1.4B
$1.7B
Q2 25
$1.2B
$1.5B
Q1 25
$1.2B
$1.5B
Q4 24
$1.2B
$1.8B
Q3 24
$1.2B
$2.2B
Q2 24
$1.2B
$3.2B

Cash Flow & Capital Efficiency

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

Metric
NVCR
NVCR
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
NVCR
NVCR
RILY
RILY
Q1 26
Q4 25
$-18.0M
$26.2M
Q3 25
$20.6M
$-60.6M
Q2 25
$-15.9M
$-25.6M
Q1 25
$-35.7M
$184.0K
Q4 24
$-3.5M
$-2.7M
Q3 24
$10.4M
$19.5M
Q2 24
$-1.7M
$111.5M
Free Cash Flow
NVCR
NVCR
RILY
RILY
Q1 26
Q4 25
$-22.9M
Q3 25
$14.9M
Q2 25
$-21.4M
Q1 25
$-46.3M
Q4 24
$-12.4M
Q3 24
$-307.0K
Q2 24
$-13.2M
FCF Margin
NVCR
NVCR
RILY
RILY
Q1 26
Q4 25
-13.1%
Q3 25
8.9%
Q2 25
-13.5%
Q1 25
-29.9%
Q4 24
-7.7%
Q3 24
-0.2%
Q2 24
-8.8%
Capex Intensity
NVCR
NVCR
RILY
RILY
Q1 26
Q4 25
2.8%
Q3 25
3.4%
Q2 25
3.5%
Q1 25
6.8%
Q4 24
5.5%
Q3 24
6.9%
Q2 24
7.6%
Cash Conversion
NVCR
NVCR
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

NVCR
NVCR

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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