Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 246

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 8
Chunk 246
---
2024Securities and other investments owned:Securities and other investments owned at fair value:Equity securities$107,200 $165,408 Corporate bonds30,808 29,027 Other fixed income securities2,390 4,923 Partnership interests and other21,145 15,867 Total securities and other investments owned at fair value:161,543 215,225 Equity securities valued under the measurement alternative70,217 67,100 Total securities and other investments owned$231,760 $282,325 Securities sold not yet purchased:Equity securities$548 $— Corporate bonds840 1,891 Other fixed income securities752 3,784 Total securities sold not yet purchased$2,140 $5,675 Securities and other investments owned consist of equity securities including, common and preferred stocks, warrants, and options; corporate bonds; other fixed income securities including, government and agency bonds, and investments in partnerships that are accounted for at fair value in accordance with ASC 820, Fair Value Measurements (see Note 2(l)). Equity securities also include investments in public and private companies that are accounted for under the fair value option where the Company would otherwise use the equity method of accounting. Investments become subject to the equity method of accounting when the Company possesses the ability to exercise significant influence, but not control, over the operating and financial policies of the investee. The ability to exercise significant influence is presumed when the Company possesses more than 20% of the voting interests of the investee. However, the Company may have the ability to exercise significant influence over the investee when the Company owns less than 20% of the voting interests of the investee depending on the facts and circumstances that demonstrate that the ability to exercise influence is present, such as when the Company has representation on the board of directors of such investee. In accordance with ASC 321, Investments - Equity Securities, unrealized gains (losses) on equity securities held at March 31, 2025, includes unrealized losses of $16,209 and $31,808 for the three months ended March 31, 2025 and 2024, respectively, which is included in the "Realized and unrealized losses on investments" line item on the accompanying unaudited condensed consolidated statements of operations.Securities and other investments owned also includes equity investments in nonpublic entities that do not have a readily determinable fair value. For these