Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 0

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

B. RILEY FINANCIAL, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Dollars in thousands, except par value)

June 30,2025December 31,2024(Unaudited)  ASSETSAssets:Cash and cash equivalents(1)$267,388 $146,852 Restricted cash1,255 100,475 Due from clearing brokers45,380 30,713 Securities and other investments owned (includes $172,135 and $215,225 at fair value as of June 30, 2025 and December 31, 2024, respectively(1)242,352 282,325 Securities borrowed72,320 43,022 Accounts receivable, net of allowance for credit losses of $6,022 and $6,100 as of June 30, 2025 and December 31, 2024, respectively61,233 68,653 Due from related parties185 189 Loans receivable, at fair value (includes $19,370 and $51,902 from related parties as of June 30, 2025 and December 31, 2024, respectively)48,980 90,103 Prepaid expenses and other assets (includes $75 and $3,449 from related parties as of June 30, 2025 and December 31, 2024, respectively)(1)219,972 242,916 Operating lease right-of-use assets40,178 51,509 Property and equipment, net18,452 18,679 Goodwill392,687 392,687 Other intangible assets, net131,320 146,446 Deferred income taxes1,300 13,598 Assets held for sale (Note 4)— 84,723 Assets of discontinued operations (Note 4)2,221 70,373 Total assets$1,545,223 $1,783,263 LIABILITIES AND EQUITY (DEFICIT)   Liabilities:  Accounts payable$35,081 $51,238 Accrued expenses and other liabilities(1)175,144 185,745 Deferred revenue53,499 58,148 Deferred income taxes2,264 5,462 Due to related parties and partners1,198 3,404 Securities sold