Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 361

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 361
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— (48,988)Fair value adjustments on loans(187,783)— — — — — (187,783)Interest income - loans40,643 — — — — — 40,643 Interest income - securities lending62,607 — — — — — 62,607 Other4,634 1,916 — — — — 6,550 Total revenues$(24,823)$102,655 $161,575 $102,946 $4,996 $45,126 $392,475 Contract BalancesThe timing of the Company’s revenue recognition may differ from the timing of payment by its customers. The Company records a receivable when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligation(s) are satisfied. Receivables related to revenues from contracts with customers totaled $61,233 and $68,653 as of June 30, 2025 and December 31, 2024, respectively. The Company had no significant impairments related to these receivables during the three and six months ended June 30, 2025 and 2024. The Company also has $3,144 and $3,387 of unbilled receivables included in prepaid expenses and other assets as of June 30, 2025 and December 31, 2024, respectively. The Company’s deferred revenue primarily relates to retainer and milestone fees received from corporate finance and investment banking advisory engagements, asset management agreements, and subscription services where the performance obligation has not yet been satisfied. Deferred revenue as of June 30, 2025 and December 31, 2024 was $53,499 and $58,148, respectively. The Company expects to recognize the deferred revenue of $53,499 as of June 30, 2025 as service and fee revenues when the performance obligation is met during the years ended December 31, 2025 (remaining six months), 2026, 2027, 2028 and 2029 in the amount of $35,160, $8,597, $4,357, $1,879, and $1,103, respectively. The Company expects to recognize the deferred revenue of $2,403 after December 31, 2029