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Side-by-side financial comparison of BRC Group Holdings, Inc. (RILY) and ZIPRECRUITER, INC. (ZIP). 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 $111.7M, roughly 1.7× ZIPRECRUITER, INC.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -0.7%, a 48.7% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -21.9%). Over the past eight quarters, ZIPRECRUITER, INC.'s revenue compounded faster (-4.4% CAGR vs -15.4%).

RILY vs ZIP — Head-to-Head

Bigger by revenue
RILY
RILY
1.7× larger
RILY
$188.3M
$111.7M
ZIP
Growing faster (revenue YoY)
ZIP
ZIP
+22.4% gap
ZIP
0.6%
-21.9%
RILY
Higher net margin
RILY
RILY
48.7% more per $
RILY
47.9%
-0.7%
ZIP
Faster 2-yr revenue CAGR
ZIP
ZIP
Annualised
ZIP
-4.4%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RILY
RILY
ZIP
ZIP
Revenue
$188.3M
$111.7M
Net Profit
$90.3M
$-835.0K
Gross Margin
79.5%
89.1%
Operating Margin
32.3%
3.6%
Net Margin
47.9%
-0.7%
Revenue YoY
-21.9%
0.6%
Net Profit YoY
1710.8%
92.3%
EPS (diluted)
$2.78
$-0.03

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
RILY
RILY
ZIP
ZIP
Q4 25
$188.3M
$111.7M
Q3 25
$215.3M
$115.0M
Q2 25
$188.2M
$112.2M
Q1 25
$197.2M
$110.1M
Q4 24
$241.0M
$111.0M
Q3 24
$225.5M
$117.1M
Q2 24
$256.0M
$123.7M
Q1 24
$263.4M
$122.2M
Net Profit
RILY
RILY
ZIP
ZIP
Q4 25
$90.3M
$-835.0K
Q3 25
$91.1M
$-9.8M
Q2 25
$139.5M
$-9.5M
Q1 25
$-10.0M
$-12.8M
Q4 24
$-5.6M
$-10.8M
Q3 24
$-284.4M
$-2.6M
Q2 24
$-433.6M
$7.0M
Q1 24
$-49.2M
$-6.5M
Gross Margin
RILY
RILY
ZIP
ZIP
Q4 25
79.5%
89.1%
Q3 25
83.7%
89.1%
Q2 25
81.3%
89.3%
Q1 25
81.4%
89.4%
Q4 24
79.8%
89.6%
Q3 24
82.1%
89.4%
Q2 24
84.5%
89.5%
Q1 24
85.3%
89.1%
Operating Margin
RILY
RILY
ZIP
ZIP
Q4 25
32.3%
3.6%
Q3 25
30.4%
-4.4%
Q2 25
5.7%
-5.9%
Q1 25
-31.2%
-10.6%
Q4 24
-69.2%
-3.6%
Q3 24
-36.4%
-2.8%
Q2 24
-90.8%
7.6%
Q1 24
-6.1%
-0.7%
Net Margin
RILY
RILY
ZIP
ZIP
Q4 25
47.9%
-0.7%
Q3 25
42.3%
-8.5%
Q2 25
74.1%
-8.5%
Q1 25
-5.1%
-11.7%
Q4 24
-2.3%
-9.7%
Q3 24
-126.1%
-2.2%
Q2 24
-169.4%
5.7%
Q1 24
-18.7%
-5.3%
EPS (diluted)
RILY
RILY
ZIP
ZIP
Q4 25
$2.78
$-0.03
Q3 25
$2.91
$-0.11
Q2 25
$4.50
$-0.10
Q1 25
$-0.39
$-0.13
Q4 24
$-0.01
$-0.10
Q3 24
$-9.39
$-0.03
Q2 24
$-14.35
$0.07
Q1 24
$-1.71
$-0.07

Balance Sheet & Financial Strength

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

Metric
RILY
RILY
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$226.6M
$188.0M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$-171.5M
$-77.2M
Total Assets
$1.7B
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RILY
RILY
ZIP
ZIP
Q4 25
$226.6M
$188.0M
Q3 25
$184.2M
$211.8M
Q2 25
$267.4M
$203.5M
Q1 25
$138.3M
$221.1M
Q4 24
$146.9M
$218.4M
Q3 24
$159.2M
$225.6M
Q2 24
$236.9M
$271.7M
Q1 24
$190.7M
$282.5M
Total Debt
RILY
RILY
ZIP
ZIP
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
RILY
RILY
ZIP
ZIP
Q4 25
$-171.5M
$-77.2M
Q3 25
$-260.5M
$-76.1M
Q2 25
$-351.7M
$-65.9M
Q1 25
$-496.8M
$-11.3M
Q4 24
$-488.2M
$13.4M
Q3 24
$-497.6M
$13.6M
Q2 24
$-218.3M
$24.4M
Q1 24
$228.4M
$12.7M
Total Assets
RILY
RILY
ZIP
ZIP
Q4 25
$1.7B
$569.7M
Q3 25
$1.7B
$573.6M
Q2 25
$1.5B
$592.4M
Q1 25
$1.5B
$629.4M
Q4 24
$1.8B
$664.1M
Q3 24
$2.2B
$652.0M
Q2 24
$3.2B
$665.3M
Q1 24
$5.0B
$662.4M

Cash Flow & Capital Efficiency

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

Metric
RILY
RILY
ZIP
ZIP
Operating Cash FlowLast quarter
$26.2M
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RILY
RILY
ZIP
ZIP
Q4 25
$26.2M
$7.7M
Q3 25
$-60.6M
$2.6M
Q2 25
$-25.6M
$10.5M
Q1 25
$184.0K
$-9.9M
Q4 24
$-2.7M
$12.5M
Q3 24
$19.5M
$9.3M
Q2 24
$111.5M
$21.9M
Q1 24
$135.4M
$2.0M
Free Cash Flow
RILY
RILY
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
Q1 24
$1.9M
FCF Margin
RILY
RILY
ZIP
ZIP
Q4 25
6.8%
Q3 25
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Q1 24
1.6%
Capex Intensity
RILY
RILY
ZIP
ZIP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
RILY
RILY
ZIP
ZIP
Q4 25
0.29×
Q3 25
-0.66×
Q2 25
-0.18×
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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