Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 206

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 2
Chunk 206
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 June 30, 2024 to $65.1 million as of June 30, 2025.

Other Income (Expense). Other income included interest income of $2.0 million and $1.5 million during the six months ended June 30, 2025 and 2024, respectively. Dividend income was $0.3 million during the six months ended June 30, 2025 compared to $3.5 million during the six months ended June 30, 2024. Realized and unrealized losses on investments was a loss of $4.3 million during the six months ended June 30, 2025 compared to a loss of $190.2 million during the six months ended June 30, 2024, which is comprised of the following:

Realized and Unrealized Gains (Losses)Six Months EndedJune 30,20252024Other Income (Expense) - Realized & Unrealized Gains (Losses)Public Equity Securities:Babcock & Wilcox Enterprises, Inc. - common stock$(8,049)$(1,075)Babcock & Wilcox Enterprises, Inc. - preferred stock(173)(153)Alta Equipment Group, Inc. - common stock— (3,537)Double Down Interactive Co., Ltd - common stock(3,925)21,839 Synchronoss Technologies, Inc. - common stock— 3,495 Applied Digital Corporation - common stock5,383 — Other public equities(1,011)(2,258)Subtotal(7,775)18,311 Private Equity Securities:Freedom VCM Holdings, LLC— (172,009)Kanaci Technologies, LLC— (16,913)BJES Holdings, LLC— (27,452)Other private equities(1,205)7,908 Subtotal(1,205)(208,466)Corporate bonds4,696 1,025 Partnership interest and other— (1,035)Total$(4,284)$(190,165)

The favorable variance of $185.9 million was primarily due to unfavorable fair value adjustments recorded in the prior year six months of $172.0 million for Freedom VCM, $27.5 million for BJES Holdings, LLC, and $16.9 million for Kanaci Technologies, LLC, partially offset by a favorable fair value adjustments recorded in the prior year six months of $21.