Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 299

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 8
Chunk 299
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 — 79,738 Sale of goods— — 1,296 51,522 615 53,433 Advertising and other— — 1,332 — 21,482 22,814 Total revenues from contracts with customers57,475 49,944 82,366 51,522 22,097 263,404 Trading gains (losses), net(18,267)600 — — — (17,667)Fair value adjustments on loans(12,201)— — — — (12,201)Interest income - loans22,135 — — — — 22,135 Interest income - securities lending37,809 — — — — 37,809 Other2,872 1,238 — — — 4,110 Total revenues$89,823 $51,782 $82,366 $51,522 $22,097 $297,590 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 $61,597 and $68,653 as of March 31, 2025 and December 31, 2024, respectively. The Company had no significant impairments related to these receivables during the three months ended March 31, 2025 and 2024. The Company also has $3,335 and $3,387 of unbilled receivables included in prepaid expenses and other assets as of March 31, 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 March 31, 2025 and December 31, 2024 was $57,254 and $58,148, respectively. The Company expects to recognize the deferred revenue of $57,254 as of March 31, 2025 as service and fee revenues when the performance obligation is met during