Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 1

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 not yet purchased12,347 5,675 Securities loaned54,588 27,942 Operating lease liabilities48,714 58,499 Notes payable— 28,021 Loan participations sold10,475 6,000 Revolving credit facility12,075 16,329 Term loans, net124,584 199,429 Senior notes payable, net1,323,727 1,530,561 Liabilities held for sale (Note 4)— 41,505 Liabilities of discontinued operations (Note 4)830 21,321 Total liabilities1,854,526 2,239,279 Commitments and contingencies (Note 17)

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Table of Contents

B. Riley Financial, Inc. equity (deficit):  Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively; and liquidation preference of $118,112 and $114,082 as of June 30, 2025 and December 31, 2024, respectively— — Common stock, $0.0001 par value; 100,000,000 shares authorized; 30,597,066 and 30,499,931 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively3 3 Additional paid-in capital595,432 589,387 Accumulated deficit(941,243)(1,070,996)Accumulated other comprehensive loss(5,898)(6,569)Total B. Riley Financial, Inc. stockholders’ deficit(351,706)(488,175)Noncontrolling interests(1)42,403 32,159 Total deficit(309,303)(456,016)Total liabilities and deficit$1,545,223 $1,783,263 

(1) At June 30, 2025, the balance sheet includes cash of $365, securities and other investments owned, at fair value of $503, prepaid and other expenses of $3,800, accrued expenses and other liabilities of $253 and noncontrolling interest of $3,826 of consolidated variable interest entities (Note 2 (o)).

The accompanying notes are an integral part of these unaudited condensed consolidated