Company: RILYN
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001464790-25-000011
Chunk: 245

Company: B. Riley Financial, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 7
Chunk 245
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 existing intercompany loan and security agreement to extend an additional subordinated loan to the Targus Borrower at the closing of the Targus/FGI Credit Agreement in the amount of $5.0 million increasing the aggregate principal amount of such loan from $5.0 million to $10.0 million.

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Table of Contents

Results of Operations

The following period to period comparisons of our financial results are not necessarily indicative of future results.  

Year Ended December 31, 2024 Compared to Year Ended December 31, 2023

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Table of Contents

Consolidated Statements of Operations

(Dollars in thousands)

Year EndedDecember 31, 2024Year EndedDecember 31, 2023Change Amount % Amount % Amount % Revenues:Services and fees$875,480 104.3 %$898,750 61.3 %$(23,270)(2.6)%Trading (loss) income(57,007)(6.8)%21,603 1.5 %(78,610)n/mFair value adjustments on loans(325,498)(38.8)%20,225 1.4 %(345,723)n/mInterest income - loans54,141 6.5 %123,244 8.4 %(69,103)(56.1)%Interest income - securities lending70,862 8.5 %161,652 11.0 %(90,790)(56.2)%Sale of goods220,619 26.3 %240,303 16.4 %(19,684)(8.2)%Total revenues838,597 100.0 %1,465,777 100.0 %(627,180)(42.8)%Operating expenses:Direct cost of services213,901 25.5 %214,065 14.6 %(164)(0.1)%Cost of goods sold167,634 20.0 %172,836 11.8 %(5,202)(3.0)%Selling, general and administrative expenses759,777 90.6 %764,926 52.2 %(5,149)(0.7)%Restructuring charge1,522 0.2 %2,131 0.1 %(609)(28.6)%Impairment of goodwill and other intangible assets105,373 12.6 %70,