B. Riley posts $243M Q3 loss and sells GA Group stake for $62.3M
BRC Group Holdings (RILY) reported a $243 million quarterly loss and sold its remaining GA Group stake to Oaktree for $62.3 million.
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what happened
BRC Group Holdings (RILY) reported a net loss of $243 million, or $6.04 per diluted share, for the third quarter of 2026, on revenue of $33 million. The result was driven mainly by a $227 million pretax loss on its investment in Babcock & Wilcox.
On November 3, the company sold its remaining stake in GA Group to Oaktree for $62.3 million. Of that amount, $10.6 million came in cash and $51.7 million reduced a loan. RILY also took out a $26.5 million term loan.
The figures come from TradingView, which notes its summary is AI-generated and may contain inaccuracies, so key numbers should be checked against original filings.
why it matters
Most of the loss came from the Babcock & Wilcox investment rather than from revenue, which was only $33 million. For investors, the picture is mixed: the GA Group sale reduces debt, while the new term loan adds borrowing.
market impact
RILY shares: a large quarterly loss and an asset sale give a mixed balance-sheet picture
- RILY shares pressure down — a large quarterly loss and losses on the Babcock & Wilcox investment
tags
instruments
sources
- Key facts: RILY Reports $243 Million Q3 Loss; Sells GA Group Stake for $62.3 Million — TradingView, 7 November 2026 at 08:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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