Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 2

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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662,181 Trading (loss) income (1,238)(9,727)(50,226)31,723 Fair value adjustments on loans (includes $(68,768) and $(4,659) for the three months ended September 30, 2024 and 2023 and $(265,512) and $(6,205) for the nine months ended September 30, 2024 and 2023 from related parties, respectively) (71,477)(860)(259,260)51,623 Interest income - loans (includes $7,472 and $7,013 for the three months ended September 30, 2024 and 2023 and $34,875 and $12,884 for the nine months ended September 30, 2024 and 2023 from related parties, respectively) 11,251 27,397 51,894 102,535 Interest income - securities lending7,007 42,333 69,614 119,580 Sale of goods55,248 60,029 164,254 184,301 Total revenues199,305 363,268 637,222 1,151,943 Operating expenses:Direct cost of services49,659 52,616 168,008 156,373 Cost of goods sold40,312 42,217 118,897 129,490 Selling, general and administrative expenses184,605 202,321 577,377 579,964 Restructuring charge116 228 925 949 Impairment of goodwill and tradenames— 35,500 27,681 37,233 Interest expense - Securities lending and loan participations sold6,359 38,368 65,055 106,572 Total operating expenses281,051 371,250 957,943 1,010,581 Operating (loss) income(81,746)(7,982)(320,721)141,362 Other income (expense):  Interest income1,438 180 2,909 3,455 Dividend income675 3,373 4,139 9,541 Realized and unrealized losses on investments(22,197)(77,287)(212,362)(77,020)Change in fair value of financial instruments and other476 (4,170)627 (3,998)Income (loss) from equity