Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 151

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 151
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 deconsolidated in the first quarter of 2025. Refer to Note 3 to the accompanying unaudited condensed consolidated financial statements for additional information.

Revenues from services and fees in All Other decreased $11.2 million to $32.9 million during the six months ended June 30, 2025 from $44.1 million during the six months ended June 30, 2024. These revenues include merchandise rental 

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fees and sales from bebe, and the operations of a regional environmental services business, which was sold in the first quarter of 2025. Revenues from services and fees in All Other decreased by $10.1 million due to the operations of a regional environmental services business, and $2.9 million related to merchandise rental fees from bebe, partially offset by an increase of $1.7 million in other revenue.

Trading gains (losses), net increased $60.5 million to income of $11.5 million during the six months ended June 30, 2025 compared to a loss of $49.0 million during the six months ended June 30, 2024. The income of $11.5 million during the six months ended June 30, 2025 was primarily due to realized and unrealized income on investments made in our proprietary trading accounts, primarily $13.4 million for APLD, and $4.0 million for Channell, partially offset by losses of $10.6 million for B&W.

In our Capital Markets segment we have a portfolio of loans receivable that are measured at fair value with changes in fair value reported in our results of operations. The loan portfolio and fair value adjustments on loans consisted of the following:

Fair Value Adjustments on LoansLoans Receivable, at Fair ValueSix Months EndedJune 30,Industry or Type of LoanJune 30, 2025December 31, 202420252024Related Party Loans:Vintage Capital Management, LLCRetail / consumer$1,468 $2,057 $(589)$(168,385)Freedom VCM Receivables, Inc.Consumer receivable portfolio— 3,913 1,393 (13,721)Conn’s, Inc.Retail / consumer11,000 38,826 (4,065)(8,484)W.S. Badcock CorporationConsumer receivable portfolio— 2,169 250 (6,845)Great American Holdings, LLCProfessional Services4