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Side-by-side financial comparison of BRC Group Holdings, Inc. (RILY) and Strategic Education, Inc. (STRA). Click either name above to swap in a different company.
Strategic Education, Inc. is the larger business by last-quarter revenue ($305.9M vs $188.3M, roughly 1.6× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 10.7%, a 37.2% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs -21.9%). Over the past eight quarters, Strategic Education, Inc.'s revenue compounded faster (-1.0% CAGR vs -15.4%).
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
RILY vs STRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $188.3M | $305.9M |
| Net Profit | $90.3M | $32.8M |
| Gross Margin | 79.5% | — |
| Operating Margin | 32.3% | 13.4% |
| Net Margin | 47.9% | 10.7% |
| Revenue YoY | -21.9% | 0.8% |
| Net Profit YoY | 1710.8% | 10.3% |
| EPS (diluted) | $2.78 | $1.48 |
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.
| Q1 26 | — | $305.9M | ||
| Q4 25 | $188.3M | $323.2M | ||
| Q3 25 | $215.3M | $319.9M | ||
| Q2 25 | $188.2M | $321.5M | ||
| Q1 25 | $197.2M | $303.6M | ||
| Q4 24 | $241.0M | $311.5M | ||
| Q3 24 | $225.5M | $306.0M | ||
| Q2 24 | $256.0M | $312.3M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $90.3M | $37.9M | ||
| Q3 25 | $91.1M | $26.6M | ||
| Q2 25 | $139.5M | $32.3M | ||
| Q1 25 | $-10.0M | $29.7M | ||
| Q4 24 | $-5.6M | $25.3M | ||
| Q3 24 | $-284.4M | $27.7M | ||
| Q2 24 | $-433.6M | $29.9M |
| Q1 26 | — | — | ||
| Q4 25 | 79.5% | — | ||
| Q3 25 | 83.7% | — | ||
| Q2 25 | 81.3% | — | ||
| Q1 25 | 81.4% | — | ||
| Q4 24 | 79.8% | — | ||
| Q3 24 | 82.1% | — | ||
| Q2 24 | 84.5% | — |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 32.3% | 16.0% | ||
| Q3 25 | 30.4% | 11.6% | ||
| Q2 25 | 5.7% | 14.2% | ||
| Q1 25 | -31.2% | 13.1% | ||
| Q4 24 | -69.2% | 11.6% | ||
| Q3 24 | -36.4% | 11.9% | ||
| Q2 24 | -90.8% | 13.4% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | 47.9% | 11.7% | ||
| Q3 25 | 42.3% | 8.3% | ||
| Q2 25 | 74.1% | 10.1% | ||
| Q1 25 | -5.1% | 9.8% | ||
| Q4 24 | -2.3% | 8.1% | ||
| Q3 24 | -126.1% | 9.1% | ||
| Q2 24 | -169.4% | 9.6% |
| Q1 26 | — | $1.48 | ||
| Q4 25 | $2.78 | $1.65 | ||
| Q3 25 | $2.91 | $1.15 | ||
| Q2 25 | $4.50 | $1.37 | ||
| Q1 25 | $-0.39 | $1.24 | ||
| Q4 24 | $-0.01 | $1.05 | ||
| Q3 24 | $-9.39 | $1.15 | ||
| Q2 24 | $-14.35 | $1.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $226.6M | $150.3M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $-171.5M | $1.6B |
| Total Assets | $1.7B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.3M | ||
| Q4 25 | $226.6M | $148.1M | ||
| Q3 25 | $184.2M | $172.6M | ||
| Q2 25 | $267.4M | $164.9M | ||
| Q1 25 | $138.3M | $182.6M | ||
| Q4 24 | $146.9M | $184.0M | ||
| Q3 24 | $159.2M | $222.1M | ||
| Q2 24 | $236.9M | $256.2M |
| 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 | — | — |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $-171.5M | $1.6B | ||
| Q3 25 | $-260.5M | $1.7B | ||
| Q2 25 | $-351.7M | $1.7B | ||
| Q1 25 | $-496.8M | $1.6B | ||
| Q4 24 | $-488.2M | $1.7B | ||
| Q3 24 | $-497.6M | $1.7B | ||
| Q2 24 | $-218.3M | $1.7B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.7B | $2.0B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $2.2B | $2.2B | ||
| Q2 24 | $3.2B | $2.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.2M | $87.4M |
| Free Cash FlowOCF − Capex | — | $77.3M |
| FCF MarginFCF / Revenue | — | 25.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.29× | 2.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $173.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $87.4M | ||
| Q4 25 | $26.2M | $39.2M | ||
| Q3 25 | $-60.6M | $60.1M | ||
| Q2 25 | $-25.6M | $31.2M | ||
| Q1 25 | $184.0K | $67.7M | ||
| Q4 24 | $-2.7M | $15.9M | ||
| Q3 24 | $19.5M | $51.5M | ||
| Q2 24 | $111.5M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | — | $27.0M | ||
| Q3 25 | — | $49.3M | ||
| Q2 25 | — | $20.4M | ||
| Q1 25 | — | $57.3M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | — | $42.1M | ||
| Q2 24 | — | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | — | 8.3% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | 0.29× | 1.03× | ||
| Q3 25 | -0.66× | 2.26× | ||
| Q2 25 | -0.18× | 0.97× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
