Small-Cap RILY Stock Rises As SpaceX Exposure Propels Swing To Q1 Profit

• RILY stock has rallied by more than 208% over the past year. 
  Chairman and Co-CEO Bryant Riley noted that the company’s exposure to
• SpaceX has increased significantly in the past year. 
• The company swung to a net income of $211.3 million in the quarter, compared to a loss of $12 million in the corresponding quarter of 2025.

Shares of BRC Group Holdings Inc. (RILY) have surged more than 208% in the past year, climbing about 2.7% higher in Thursday’s overnight trading after the company reported strong first-quarter (Q1) results, bolstered by its investment in Elon Musk’s SpaceX.

The financial company swung to a net income of $211.3 million in the quarter, compared to a loss of $12 million in the corresponding quarter of the previous year. The company also posted an 89% revenue surge to $352 million in the quarter.

The SpaceX Boost For RILY

Chairman and Co-CEO Bryant Riley highlighted during a call with investors that the company’s exposure to SpaceX boosted first-quarter results through gains in the value of carried interest tied to funds that own the aerospace company.

"You know, SpaceX, we didn’t really have nearly as high a year ago as it is today. You know, that’s on our books for over $50 million, Riley said, adding that it represented “a fair amount of cash,” in addition to higher investments.

The financial services company recorded an $8.9 million increase in the market value of carried interest in its wealth segment, driven by its exposure to the aerospace company. Partnerships and other investments also benefited by $13.4 million, primarily due to exposure to SpaceX.

Musk’s aerospace company is preparing to go public in mid-2026, with valuation estimates exceeding $2 trillion, a dramatic surge from $800 billion in late 2025.

BRC Group’s Debt Reduction

In addition to solid performance, the Los Angeles, California-based company reduced its total debt by $128.9 million to $1.30 billion, and net debt was $372 million, down approximately $255 million from the end of 2025.

Retail Stance On RILY

On Stocktwits, retail sentiment around RILY stock jumped from ‘bullish’ to ’extremely bullish’ over the past 24 hours, with message volumes up 130%.

One bullish user said that the earnings call had several noteworthy points, including the SpaceX investment.

Another bullish user said that RILY was a “pretty under-the-radar ticker, especially to retail,” while emphasizing patience.

RILY stock has surged more than 67% this year.

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