BRC Group: Income Investors Are Riding The Bull

BRC Group (RILY) delivered blowout Q1 2026 earnings of $211M, driven by bull market gains and strong operating performance.

RILY's balance sheet leverage has improved, with Q2 net debt estimated at $303M and net debt/2026 adjusted EBITDA at 2.0x.

RILYZ baby bonds now yield 20.1% to maturity, while RILYL preferreds remain deferred but offer strong protective covenants.

RILY trades at a low 4.7x EV/EBITDA multiple versus peers, with multiple income strategies available and robust insider alignment.

Income investors should also consider a buy-write options income strategy.

BRC Group Holdings (RILY) survived a crisis and is now riding the bull market to recovery.

The RILYZ baby bonds hit a low of $5.13 on 5/15/2025 following the bankruptcy of Franchise Group that resulted in a $482 million