Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 2

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 June 30, 2024 and 2023 and $(196,743) and $(1,546) for the six months ended June 30,  2024 and 2023 from related parties, respectively)(175,582)9,207 (187,783)52,483 Interest income - loans (includes $13,439 and $3,042 for the three months ended June 30, 2024 and 2023 and $27,403 and $5,871 for the six months ended June 30, 2024 and 2023 from related parties, respectively)18,508 35,126 40,643 75,138 Interest income - securities lending24,798 40,073 62,607 77,247 Sale of goods63,937 58,387 119,590 126,164 Total revenues148,365 406,278 491,397 838,368 Operating expenses:Direct cost of services61,551 55,941 122,677 110,338 Cost of goods sold46,718 40,317 86,333 87,943 Selling, general and administrative expenses209,338 188,885 418,886 401,512 Restructuring charge20 628 809 721 Impairment of goodwill and tradenames27,681 1,733 27,681 1,733 Interest expense - Securities lending and loan participations sold23,313 35,780 58,696 68,204 Total operating expenses368,621 323,284 715,082 670,451 Operating (loss) income(220,256)82,994 (223,685)167,917 Other income (expense):  Interest income804 701 1,473 3,275 Dividend income9,209 9,555 21,024 22,759 Realized and unrealized (losses) gains on investments(155,690)18,843 (185,235)(9,599)Change in fair value of financial instruments and other(163)381 151 172 Income from equity investments10 143 6 133 Interest expense(42,687)(47,332)(87,551)(94,893)(Loss) income before income taxes(408,773)65,285 (473,817)89,764