Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 139

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 139
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)n/mWealth Management segment1,891 1,745 146 8.4 %Subtotal(48,988)41,450 (90,438)n/mFair value adjustments on loans:Capital Markets segment(187,783)52,483 (240,266)n/mInterest income - loans:Capital Markets segment40,643 75,138 (34,495)(45.9)%Interest income - securities lending:Capital Markets segment62,607 77,247 (14,640)(19.0)%Sale of goods:Auction and Liquidation segment10,584 1,892 8,692 n/mCommunications segment2,761 3,507 (746)(21.3)%Consumer Products segment102,946 120,765 (17,819)(14.8)%All Other3,299 — 3,299 100.0 %Subtotal119,590 126,164 (6,574)(5.2)%Total revenues$491,397 $838,368 $(346,971)(41.4)%

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n/m - Not applicable or not meaningful. 

Total revenues decreased $347.0 million to $491.4 million during the six months ended June 30, 2024 from $838.4 million during the six months ended June 30, 2023. The decrease in revenues during the six months ended June 30, 2024 was primarily due to decreases in the fair value adjustments on loans of $240.3 million, fair value of the portfolio of securities and other investments owned of $90.4 million, interest income from loans of  $34.5 million, and interest income from securities lending of $14.6 million, and sale of goods of $6.6 million, partially offset by an increase in revenues from services and fees of $39.4 million. Of the $240.3 million decrease in fair value adjustments on loans, $168.4 million related to the loan to VCM, $13.7 million related to the loan to Freedom VCM, $8.5 million related to the loan to Conn’s, and $6.8 million related to the loan to Badcock Receivables I. The increase in revenue from services and fees in the six months 

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ended June 30, 2024 consisted of increases in revenue of $28.1 million in All Other, $15.4