Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 92

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 of $1,034 and $1,142 related to capitalized costs to fulfill a contract, respectively. For the six months ended June 30, 2025 and 2024, the Company recognized expenses of $2,094 and $2,679 related to capitalized costs to fulfill a contract, respectively. There were no significant impairment charges recognized in relation to these capitalized costs during the three and six months ended June 30, 2025 and 2024.Remaining Performance Obligations and Revenue Recognized from Past PerformanceThe Company does not disclose information about remaining performance obligations pertaining to contracts that have an original expected duration of one year or less. The transaction price allocated to remaining unsatisfied or partially unsatisfied performance obligations with an original expected duration exceeding one year was not material as of June 30, 2025. Corporate finance and investment banking fees that are contingent upon completion of a specific milestone and fees associated with certain distribution services are also excluded as the fees are considered variable and not included in the transaction price as of June 30, 2025.During the three months ended June 30, 2025 and 2024, revenues recognized for customer contracts for performance obligations that are satisfied at a point in time was $100,595 and $128,077 and over time was $87,572 and $127,963, respectively. During the six months ended June 30, 2025 and 2024, revenues recognized for customer contracts for performance obligations that are satisfied at a point in time was $191,065 and $266,153 and over time was $194,329 and $253,293, respectively.

NOTE 15 — INCOME TAXES 

The Company’s effective income tax rate was a provision of 4.1% for the three months ended June 30, 2025 as compared to a provision of 6.9% for the three months ended June 30, 2024. The Company’s effective income tax rate was a provision of less than 1% for the six months ended June 30, 2025, as compared to a provision of 1.6% for the six months ended June 30, 2024. During the three months ended June 30, 2025, the Company had a provision for income taxes from continuing operations of $3,053 resulting primarily from the impact of recording uncertain tax positions for state and foreign taxes, interest and penalties. During the three months ended June 30, 2024, the Company had