Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 35

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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.0% - 41.6%17.1%19,897 Market approachMarket price of related security$19.87$19.87Total level 3 assets measured at fair value$1,268,057 Liabilities:Mandatorily redeemable noncontrolling interests issued after November 5, 2003$5,835 Market approachOperating income multiple6.0x6.0xContingent consideration27,985 Discounted cash flowEBITDA volatility70.0%70.0%Asset volatility69.0%69.0%Market interest rate8.5%8.5%Revenue volatility5.1%5.1%Total level 3 liabilities measured at fair value$33,820 (1) - Unobservable inputs were weighted by the relative fair value of the financial instruments.

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The changes in Level 3 fair value hierarchy during the three months ended June 30, 2024 and 2023 were as follows:Level 3Balance atBeginning ofPeriodLevel 3 Changes During the PeriodLevel 3Balance atEnd ofPeriodChange in unrealized gains/(losses) (2)Fair Value Adjustments (1)Relating to Undistributed EarningsPurchases/ OriginationsSales Settlements/ RepaymentsTransfer in and/or out of Level 3Three Months Ended June 30, 2024Equity securities$674,679 $(203,022)$8 $181 $(68,874)$— $(3)$402,969 $203,129 Loans receivable at fair value452,496 (175,582)1,102 7,129 — (55,946)— 229,199 177,060 Mandatorily redeemable noncontrolling interests issued after November 5, 20035,601 — 492 — — (789)— 5,304 — Contingent consideration29,322 264 — 1,055 — (1,338)— 29,303 — Three Months Ended June 30, 2023Equity securities$359,041 $17,287 $12 $44,923 $(34,005)$— $(128)$387,130 $(626)Loans receivable at fair value772,085 9,207 (1,281)48,231 — (144,165)(