Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 202

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 2
Chunk 202
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359 38,368 (32,009)(83.4)%Total operating expenses281,051 371,250 (90,199)(24.3)%Operating loss(81,746)(7,982)(73,764)n/mOther income (expense):Interest income1,438 180 1,258 n/mDividend income675 3,373 (2,698)(80.0)%Realized and unrealized losses on investments(22,197)(77,287)55,090 (71.3)%Change in fair value of financial instruments and other476 (4,170)4,646 (111.4)%Income (loss) from equity investments6 (308)314 (101.9)%Interest expense(32,996)(37,493)4,497 (12.0)%Loss from continuing operations before income taxes(134,344)(123,687)(10,657)8.6 %(Provision for) benefit from income taxes(14,508)23,638 (38,146)(161.4)%Loss from continuing operations(148,852)(100,049)(48,803)48.8 %(Loss) income from discontinued operations, net of income taxes(138,746)23,741 (162,487)n/mNet loss(287,598)(76,308)(211,290)n/mNet loss attributable to noncontrolling interests(3,201)(2,485)(716)28.8 %Net loss attributable to B. Riley Financial, Inc.(284,397)(73,823)(210,574)n/mPreferred stock dividends2,015 2,015 — — %Net loss available to common shareholders$(286,412)$(75,838)$(210,574)n/mn/m - Not applicable or not meaningful.

Revenues

The table below and the discussion that follows are based on how we analyze our business.

79

Three Months Ended September 30,Change 20242023Amount %Services and fees:Capital Markets segment$30,437 $80,913 $(50,476)(62.4)%Wealth Management segment49,389 50,875 (1,486)(2.9)%Financial Consulting segment23,941 20,225 3,716 18.4 %Communications segment66,241 82,155 (15,914)(19.4)%All