Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 411

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 411
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,Change 20242023Amount %Services and fees:Capital Markets segment$50,242 $44,961 $5,281 11.7 %Wealth Management segment49,582 47,243 2,339 5.0 %Auction and Liquidation segment3,621 8,885 (5,264)(59.2)%Financial Consulting segment36,533 31,212 5,321 17.0 %Communications segment77,744 83,316 (5,572)(6.7)%All Other30,303 14,710 15,593 106.0 %Subtotal248,025 230,327 17,698 7.7 %   Trading (loss) income:   Capital Markets segment(32,612)32,685 (65,297)(199.8)%Wealth Management segment1,291 473 818 172.9 %Subtotal(31,321)33,158 (64,479)(194.5)%Fair value adjustments on loans:Capital Markets segment(175,582)9,207 (184,789)n/mInterest income - loans:Capital Markets segment18,508 35,126 (16,618)(47.3)%   Interest income - securities lending:   Capital Markets segment24,798 40,073 (15,275)(38.1)%Sale of goods:   Auction and Liquidation segment8,364 1,676 6,688 n/mCommunications segment1,465 1,640 (175)(10.7)%Consumer Products segment51,424 55,071 (3,647)(6.6)%All Other2,684 — 2,684 100.0 %Subtotal63,937 58,387 5,550 9.5 %Total revenues$148,365 $406,278 $(257,913)(63.5)%

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n/m - Not applicable or not meaningful. 

Total revenues decreased $257.9 million to $148.4 million during the three months ended June 30, 2024 from $406.3 million during the three months ended June 30, 2023. The decrease in revenues during the three months ended June 30, 2024 was primarily due to decreases in the fair value adjustments on loans of