BRC Group Holdings, Inc. — Third Quarter 2026 Earnings Summary

BRC Group Holdings reported a net loss of $243.0 million for the third quarter of 2026, driven primarily by a $226.7 million pre-tax loss on its investment in Babcock & Wilcox and a $14.6 million impairment of its GA Group investment. Year-to-date, the company recorded a net loss of $13.2 million and total revenues of $624.2 million, while reducing its total debt to $1.14 billion through significant paydowns and note exchanges. Strategic actions during the period included the sale of its remaining GA Group interest for $62.3 million to reduce debt and the agreement to acquire Sangoma Technologies for an enterprise value of $203.7 million.