Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 367

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 8
Chunk 367
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138,972 Commissions, fees and reimbursed expenses 24,659 8,604 — — — — 33,263 Subscription services— — — 245,903 — — 245,903 Sale of goods— — — 5,145 179,156 — 184,301 Advertising and other— — — 4,620 — 28,870 33,490 Total revenues from contracts with customers165,844 143,696 52,325 255,668 179,156 28,870 825,559 Trading (loss) income29,488 2,235 — — — — 31,723 Fair value adjustments on loans51,623 — — — — — 51,623 Interest income - loans102,535 — — — — — 102,535 Interest income - securities lending119,580 — — — — — 119,580 Other17,959 2,964 — — — — 20,923 Total revenues$487,029 $148,895 $52,325 $255,668 $179,156 $28,870 $1,151,943 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 $91,506 and $101,036 as of September 30, 2024 and December 31, 2023, respectively. The Company had no significant impairments related to these receivables during the three and nine months ended September 30, 2024 and 2023. The Company also has $10,195 and $12,997 of unbilled receivables included in prepaid expenses and other assets as of September 30, 2024 and December 31, 2023, 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, financial consulting engagements, subscription services where the performance