Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 338

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 338
---
 Carrying ValueAccumulated AmortizationIntangibles NetAmortizable assets:Customer relationships1 to 16$240,780 $(137,347)$103,433 $240,780 $(126,182)$114,598 Domain names7170 (170)— 170 (170)— Advertising relationships8755 (214)541 100 (100)— Internally developed software and other intangibles0.5 to 1028,597 (24,784)3,813 29,042 (23,225)5,817 Trademarks3 to 1019,950 (11,017)8,933 19,950 (10,019)9,931 Total290,252 (173,532)116,720 290,042 (159,696)130,346 Non-amortizable assets:      Tradenames14,600 — 14,600 16,100 — 16,100 Total intangible assets$304,852 $(173,532)$131,320 $306,142 $(159,696)$146,446 Intangible assets related to tradenames is net of accumulated impairment losses of $22,000, which were recorded in the Consumer Products segment.Amortization expense was $6,811 and $9,226 during the three months ended June 30, 2025 and 2024, respectively, and $14,453 and $18,150 during the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, estimated future amortization expense was $13,029, $24,554, $23,272, $20,096, and $15,470 for the years ended December 31, 2025 (remaining six months), 2026, 2027, 2028 and 2029, respectively. The estimated future amortization expense after December 31, 2029 was $20,299.The Company performs impairment tests for goodwill and intangible assets with an indefinite live as of December 31 of each year and between annual impairment tests if an event occurs or circumstances change that would more likely than not reduce the fair values of the Company’s reporting units below their carrying values. As a result of the current financial performance of the Company’s Targus subsidiary which comprises the reporting unit of all the operations within