Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 214

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 2
Chunk 214
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 - loans51,894 102,535 (50,641)(49.4)%Interest income - securities lending69,614 119,580 (49,966)(41.8)%Sale of goods164,254 184,301 (20,047)(10.9)%Total revenues637,222 1,151,943 (514,721)(44.7)%Operating expenses:Direct cost of services168,008 156,373 11,635 7.4 %Cost of goods sold118,897 129,490 (10,593)(8.2)%Selling, general and administrative expenses577,377 579,964 (2,587)(0.4)%Restructuring charge925 949 (24)(2.5)%Impairment of goodwill and tradenames27,681 37,233 (9,552)(25.7)%Interest expense - Securities lending and loan participations sold65,055 106,572 (41,517)(39.0)%Total operating expenses957,943 1,010,581 (52,638)(5.2)%Operating (loss) income(320,721)141,362 (462,083)n/mOther income (expense):Interest income2,909 3,455 (546)(15.8)%Dividend income4,139 9,541 (5,402)(56.6)%Realized and unrealized losses on investments(212,362)(77,020)(135,342)175.7 %Change in fair value of financial instruments and other627 (3,998)4,625 (115.7)%Income (loss) from equity investments12 (175)187 (106.9)%Interest expense(102,195)(118,630)16,435 (13.9)%Loss from continuing operations before income taxes(627,591)(45,465)(582,126)n/mProvision for income taxes(17,915)(3,045)(14,870)n/mLoss from continuing operations(645,506)(48,510)(596,996)n/m(Loss) income from discontinued operations, net of income taxes(123,827)32,543 (156,370)n/mNet loss(769,333)(15,967)(753,366)n/mNet loss attributable to noncontrolling interests(2,167)(5,680)3,