Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 126

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 126
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20242023Amount%Revenues:Services and fees$248,025 $230,327 $17,698 7.7 %Trading (loss) income(31,321)33,158 (64,479)(194.5)%Fair value adjustments on loans(175,582)9,207 (184,789)n/mInterest income - loans18,508 35,126 (16,618)(47.3)%Interest income - securities lending24,798 40,073 (15,275)(38.1)%Sale of goods63,937 58,387 5,550 9.5 %Total revenues148,365 406,278 (257,913)(63.5)%Operating expenses:Direct cost of services61,551 55,941 5,610 10.0 %Cost of goods sold46,718 40,317 6,401 15.9 %Selling, general and administrative expenses209,338 188,885 20,453 10.8 %Restructuring charge20 628 (608)(96.8)%Impairment of goodwill and tradenames27,681 1,733 25,948 n/mInterest expense - Securities lending and loan participations sold23,313 35,780 (12,467)(34.8)%Total operating expenses368,621 323,284 45,337 14.0 %Operating (loss) income(220,256)82,994 (303,250)n/mOther income (expense):Interest income804 701 103 14.7 %Dividend income9,209 9,555 (346)(3.6)%Realized and unrealized (losses) gains on investments(155,690)18,843 (174,533)n/mChange in fair value of financial instruments and other(163)381 (544)(142.8)%Income from equity investments10 143 (133)(93.0)%Interest expense(42,687)(47,332)4,645 (9.8)%(Loss) income before income taxes(408,773)65,285 (474,058)n/mProvision for income taxes(25,008)(21,504)(3,504)16.3 %Net (loss) income(433,781)43,781 (477,562)n/m