Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 66

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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 or greater than the cash the Company posts on securities lending transactions.Interest expense from securities lending activities is included in operating expenses related to operations in the Capital Markets segment. Interest expense from securities lending activities is incurred from equity and fixed income securities that are loaned to the Company and totaled $1,968 and $23,313 during the three months ended June 30, 2025 and 2024, respectively. Interest expense from securities lending activities is incurred from equity and fixed income securities that are loaned to the Company and totaled $2,687 and $58,696 during the six months ended June 30, 2025 and 2024, respectively.

NOTE 7 — ACCOUNTS RECEIVABLE

The components of accounts receivable, net, from revenue from contracts with customers include the following: June 30,2025December 31,2024Accounts receivable$53,752 $62,745 Investment banking fees, commissions and other receivables13,503 12,008 Total accounts receivable67,255 74,753 Allowance for credit losses(6,022)(6,100)Accounts receivable, net$61,233 $68,653 Additions and changes to the allowance for credit losses consist of the following:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Balance, beginning of period$5,343 $3,462 $6,100 $4,373 Changes to reserve831 (94)1,614 (422)Other adjustments and write-offs(152)(192)(1,675)(775)Recoveries— — (17)— Balance, end of period$6,022 $3,176 $6,022 $3,176 

NOTE 8 — PREPAID EXPENSES AND OTHER ASSETS

Prepaid expenses and other assets consist of the following:June 30,2025December 31,2024Inventory, net$51,845 $63,004 Rental merchandise, net12,564 15,084 Equity method investments86,042 85,487 Prepaid expenses18,420 32,413 Unbilled receivables3,144 3,387 Other receivables, net31,991 27,591 Other assets15,966 15,950 Prepaid expenses and other assets$219,972