Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 65

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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1,047 

NOTE 6 — SECURITIES LENDING

The following table presents the contractual gross and net securities borrowing and lending balances and the related offsetting amount as of June 30, 2025 and December 31, 2024: Gross amounts recognizedGross amounts offset in the consolidated balance sheets (1)Net amounts included in the consolidated balance sheetsAmounts not offset in the consolidated balance sheets but eligible for offsetting upon counterparty default(2)Net amountsAs of June 30, 2025   Securities borrowed$72,320 $— $72,320 $72,320 $— Securities loaned$54,588 $— $54,588 $54,588 $— As of December 31, 2024Securities borrowed$43,022 $— $43,022 $43,022 $— Securities loaned$27,942 $— $27,942 $27,942 $— _________________________(1)Includes financial instruments subject to enforceable master netting provisions that are permitted to be offset to the extent an event of default has occurred.(2)Includes the amount of cash collateral held/posted.The following table presents the contract value of securities lending transactions accounted for as secured borrowings by the type of collateral provided to counterparties as of June 30, 2025 and December 31, 2024: June 30, 2025December 31, 2024Remaining contractual maturityRemaining contractual maturityOvernight and continuousTotalOvernight and continuousTotalSecurities lending transactionsCorporate securities - fixed income$282 $282 $310 $310 Equity securities72,038 72,038 42,712 42,712 Total borrowings$72,320 $72,320 $43,022 $43,022 

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The Company’s securities lending transactions require us to pledge collateral based on the terms of each contract which is generally denominated in U.S. dollars and marked to market on a daily basis. If the fair value of the collateral pledged for these transactions declines, the Company could be required to provide additional collateral to the counterparty, therefore decreasing the amount of assets available for other liquidity needs that may arise. The Company’s liquidity risk is mitigated by maintaining offsetting securities borrowed transactions in which the Company receives cash from the counterparty which, in general, is equal to