Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 324

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 8
Chunk 324
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 of our operating expenses (other selling, general and administrative expenses) includes costs for travel, marketing and business development, and other operating expenses. Comparable prior year information has been recast to reflect the additional disclosure of employee compensation and benefits by segment, professional services by segment, occupancy-related costs by segment, and other selling, general and administrative expenses by segment, as well as to reflect discontinued operations presentation as described in Note 3 - Discontinued Operations and Assets Held for Sale. The following is a summary of certain financial data for each of the Company’s reportable segments:Three Months EndedMarch 31,20252024Capital Markets segment:Revenues - Services and fees$25,205 $60,347 Trading gains (losses), net(16,783)(18,267)Fair value adjustment on loans(8,096)(12,201)Interest income - loans3,196 22,135 Interest income - securities lending840 37,809 Total revenues4,362 89,823 Employee compensation and benefits(22,231)(39,058)Professional services(2,253)(995)Occupancy-related costs(2,092)(2,052)Other selling, general and administrative expenses(14,570)(11,119)Interest expense - Securities lending and loan participations sold(719)(35,383)Depreciation and amortization(691)(771)Segment (loss) income(38,194)445 

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Wealth Management segment:  Revenues - Services and fees46,666 51,182 Trading income612 600 Total revenues47,278 51,782 Employee compensation and benefits(33,670)(40,420)Professional services(409)(472)Occupancy-related costs(3,482)(3,255)Other selling, general and administrative expenses(6,987)(4,901)Depreciation and amortization(1,006)(1,055)Segment income1,724 1,679 Communications segment:  Revenues - Services and fees63,173 81,070 Revenues - Sale of goods1,301 1,296 Total revenues64,474 82,366 Direct cost of services(32,624)(48,819)Cost of goods sold(1,517)(1,359)Employee compensation and benefits(7,144)(9,131)Professional services(949)(965)Occupancy-related costs(2