Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 105

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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 and Africa12,227 13,813 Asia4,950 6,354 Latin America1,938 1,763 Total - Sale of goods47,455 53,433 Total RevenuesNorth America164,829 273,036 Australia2,119 2,624 Europe, Middle East, and Africa12,227 13,813 Asia4,950 6,354 Latin America1,938 1,763 Total Revenues$186,063 $297,590 The following table presents long-lived assets, which consists of property and equipment, net, by geographical area:March 31, 2025December 31, 2024Long-lived Assets - Property and Equipment, net:North America$17,668 $18,327 Europe178 217 Asia Pacific71 81 Australia52 54 Total$17,969 $18,679 

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Segment assets are not reported to, or used by, the Company’s Chief Operating Decision Maker to allocate resources to, or assess performance of the segments and therefore, total segment assets have not been disclosed.

NOTE 22 — SUBSEQUENT EVENTS

Wealth ManagementOn October 31, 2024, the Company signed a definitive agreement to sell a portion of the Company’s (W-2) Wealth Management business to Stifel for estimated net consideration based on the number of advisors that join Stifel at closing, among other things. Upon closing the transaction on April 4, 2025, the sale was completed for net cash consideration of $26,037, representing 36 financial advisors whose managed accounts represent approximately $4.0 billion, or 23.6%, of AUM as of March 31, 2025.Exchange of Senior NotesAs discussed in more detail in Note 11 - Senior Notes Payable, from April 7, 2025 to July 11, 2025, the Company completed four private exchange transactions with institutional investors pursuant to which aggregate principal amounts of Exchanged Notes of approximately $29,535 of the 5.50% Senior Notes due March 2026, $2,061 of the 6.50% Senior Notes Payable due September 2026, $109,703 of the 5.00% Senior Notes due December 2026, $51,135 of the Company’s 6.00% Senior Notes due January 2028, and $