Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 63

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 63
---
 Months Ended June 30, 2024Brands TransactionGreat American GroupGlassRatner & FarberTotalRevenues:Services and fees$9,539 $33,357 $45,442 $88,338 Sale of goods— 10,584 — 10,584 Total revenues9,539 43,941 45,442 98,922 Operating expenses:Direct cost of services— 4,328 — 4,328 Cost of goods sold— 7,748 — 7,748 Selling, general and administrative expenses1,882 24,232 35,938 62,052 Total operating expenses1,882 36,308 35,938 74,128 Operating income7,657 7,633 9,504 24,794 Other income (expense):Interest income— 2 11 13 Dividend income17,560 — — 17,560 Realized and unrealized gains on investments4,930 — — 4,930 Loss on extinguishment of debt— — (163)(163)Interest expense(1,412)(16,940)— (18,352)Income (loss) from discontinued operations before income taxes28,735 (9,305)9,352 28,782 Provision for income taxes(65)— — (65)Income (loss) from discontinued operations, net of  income taxes$28,670 $(9,305)$9,352 $28,717 Interest expense for discontinued operations is based upon the amount of debt that was required to be repaid as a result of the Brands Transaction, Great American Group transaction, and GlassRatner and Farber transaction described above and 

41

amount to $699, $8,454, and zero for the three months ended June 30, 2024, respectively, and $1,412, $16,940, and zero for the six months ended June 30, 2024, respectively.Cash flows from discontinued operations were as follows:Six Months EndedJune 30,20252024Net cash from discontinued operations provided by (used in):Operating activities$22,022 $26,681 Investing activities114,032 (1,076)Financing activities(144,581)(26,240)Effect of foreign currency on cash502 (3,143