Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 405

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 405
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32,612)55,092 (168.9)%Wealth Management segment5,200 1,291 3,909 n/mSubtotal27,680 (31,321)59,001 (188.4)%Fair value adjustments on loans:Capital Markets segment800 (175,582)176,382 (100.5)%Interest income - loans:   Capital Markets segment3,853 18,508 (14,655)(79.2)%Interest income - securities lending:Capital Markets segment2,124 24,798 (22,674)(91.4)%Sale of goods:Communications segment1,471 1,465 6 0.4 %Consumer Products segment43,284 51,424 (8,140)(15.8)%E-Commerce segment— 2,265 (2,265)(100.0)%All Other318 419 (101)(24.1)%Subtotal45,073 55,573 (10,500)(18.9)%Total revenues$225,302 $94,885 $130,417 137.4 %

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n/m - Not applicable or not meaningful. 

Total revenues increased $130.4 million to $225.3 million during the three months ended June 30, 2025 from $94.9 million during the three months ended June 30, 2024. The increase in revenues during the three months ended June 30, 2025 was primarily due to increases in fair value adjustments on loans of $176.4 million, and increases in fair value of the portfolio of securities and other investments owned of $59.0 million, partially offset by decreases in revenues from services and fees of $57.1 million, interest income from securities lending of $22.7 million, interest income from loans of $14.7 million, and sale of goods of $10.5 million. Of the $176.4 million increase in fair value adjustments related to loans, $150.3 million related to the loan to Vintage Capital Management, LLC (“VCM”), $12.0 million related to Freedom VCM Receivables, Inc. (“Freedom VCM”), $7.4 million related to W.S. Badcock Corporation (“Badcock”) and $7.2 million related to the loan to Conn’s Inc. (“Conn’s”). The decrease in revenue of $57.1 million from services