Company: RILYN
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001464790-25-000011
Chunk: 261

Company: B. Riley Financial, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 7
Chunk 261
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 necessarily indicative of future results.  

Year Ended December 31, 2023 Compared to Year Ended December 31, 2022

73

Table of Contents

Consolidated Statements of Operations

(Dollars in thousands)

Year EndedDecember 31, 2023Year EndedDecember 31, 2022ChangeAmount%Amount%Amount%Revenues:Services and fees$898,750 61.3 %$815,951 86.9 %$82,799 10.1 %Trading income (loss)21,603 1.5 %(148,294)(15.8)%169,897 (114.6)%Fair value adjustments on loans20,225 1.4 %(54,334)(5.8)%74,559 (137.2)%Interest income - loans123,244 8.4 %157,669 16.8 %(34,425)(21.8)%Interest income - securities lending161,652 11.0 %83,144 8.8 %78,508 94.4 %Sale of goods240,303 16.4 %85,347 9.1 %154,956 181.6 %Total revenues1,465,777 100.0 %939,483 100.0 %526,294 56.0 %Operating expenses:Direct cost of services214,065 14.6 %118,535 12.6 %95,530 80.6 %Cost of goods sold172,836 11.8 %60,754 6.5 %112,082 184.5 %Selling, general and administrative expenses764,926 52.2 %654,826 69.7 %110,100 16.8 %Restructuring charge2,131 0.1 %9,011 1.0 %(6,880)(76.4)%Impairment of goodwill and other intangible assets70,333 4.8 %— — %70,333 100.0 %Interest expense - Securities lending and loan participations sold145,435 9.9 %66,495 7.1 %78,940 118.7 %Total operating expenses1,369,726 93.4 %909,621 96.9