v3.26.3
BUSINESS SEGMENTS - Schedule of reconciliation of segment income (loss) to net income (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Segment (loss) income $ (139,714) $ 65,409 $ 51,409 $ 14,747
Interest income 241 1,491 938 3,469
Dividend income 198 564 1,000 821
Realized and unrealized (losses) gains on investments (97,485) 32,756 19,707 28,472
Change in fair value of financial instruments and other (245) (3,314) (3,126) 9,492
Gain on sale and deconsolidation of businesses 0 0 0 [1] 86,213 [1]
(Loss) income from equity investments (14,492) 9,193 (18,625) 34,244
(Loss) gain on extinguishment of debt 0 (950) 1,607 (21,643)
Interest expense (17,842) (18,769) (55,652) (72,685)
(Loss) income from continuing operations before income taxes (269,339) 98,602 (2,742) 150,338
Benefit from (provision for) income taxes 24,048 (1,183) 1,207 (1,194)
(Loss) income from continuing operations (245,291) 97,419 (1,535) 149,144
(Loss) income from discontinued operations, net of income taxes (2,401) (1,866) (2,401) 70,841
Net (loss) income (247,692) 95,553 (3,936) [1] 219,985 [1]
Net (loss) income attributable to noncontrolling interests (6,689) 4,470 3,245 (594)
Net (loss) income attributable to BRC Group Holdings, Inc. (241,003) 91,083 (7,181) 220,579
Preferred stock dividends 2,015 2,015 6,045 6,045
Net (loss) income available to common shareholders (243,018) 89,068 (13,226) 214,534
Net (loss) income available to common shareholders (243,018) 89,068 (14,557) 214,534
Operating Segments        
Segment Reporting [Line Items]        
Segment (loss) income (139,714) 65,409 51,409 14,747
Interest income 241 1,491 938 3,469
Dividend income 198 564 1,000 821
Realized and unrealized (losses) gains on investments (97,485) 32,756 19,707 28,472
Change in fair value of financial instruments and other (245) (3,314) (3,126) 9,492
Gain on sale and deconsolidation of businesses 0 0 0 86,213
Gain on senior note exchange 0 12,222 0 67,208
(Loss) income from equity investments (14,492) 9,193 (18,625) 34,244
(Loss) gain on extinguishment of debt 0 (950) 1,607 (21,643)
(Loss) income from continuing operations before income taxes (269,339) 98,602 (2,742) 150,338
Benefit from (provision for) income taxes 24,048 (1,183) 1,207 (1,194)
(Loss) income from continuing operations (245,291) 97,419 (1,535) 149,144
(Loss) income from discontinued operations, net of income taxes (2,401) (1,866) (2,401) 70,841
Net (loss) income (247,692) 95,553 (3,936) 219,985
Net (loss) income attributable to noncontrolling interests (6,689) 4,470 3,245 (594)
Net (loss) income attributable to BRC Group Holdings, Inc. (241,003) 91,083 (7,181) 220,579
Preferred stock dividends 2,015 2,015 6,045 6,045
Net (loss) income available to common shareholders (243,018) 89,068 (13,226) 214,534
Net (loss) income available to common shareholders (243,018) 89,068 (13,226) 214,534
Operating Segments | Capital Markets segment        
Segment Reporting [Line Items]        
Segment (loss) income (120,040) 54,779 30,313 36,256
Interest expense 0 0 0 (30)
Operating Segments | Lingo segment        
Segment Reporting [Line Items]        
Segment (loss) income 4,558 3,964 13,641 9,290
Interest expense 0 0 0 (66)
Operating Segments | Consumer Products segment        
Segment Reporting [Line Items]        
Segment (loss) income (4,345) (1,330) (12,678) (12,375)
Interest expense (432) (656) (1,165) (1,516)
Corporate and All Other        
Segment Reporting [Line Items]        
Segment (loss) income (24,756) (7,838) (35,698) (51,322)
Interest expense $ (17,410) $ (18,113) $ (54,487) $ (71,073)
[1] Amounts presented contain results from both continuing and discontinued operations. Refer to Note 5 - Discontinued Operations and Assets Held for Sale for additional information regarding cash flow associated with the results of discontinued operations.