Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
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Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
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)

March 31,2025December 31,2024(Unaudited)  ASSETSAssets:Cash and cash equivalents(1)$138,303 $146,852 Restricted cash1,375 100,475 Due from clearing brokers12,895 30,713 Securities and other investments owned (includes $161,543 and $215,225 at fair value as of March 31, 2025 and December 31, 2024, respectively)(1)231,760 282,325 Securities borrowed40,895 43,022 Accounts receivable, net of allowance for credit losses of $5,343 and $6,100 as of March 31, 2025 and December 31, 2024, respectively61,597 68,653 Due from related parties438 189 Loans receivable, at fair value (includes $61,316 and $51,902 from related parties as of March 31, 2025 and December 31, 2024, respectively)(1)98,596 90,103 Prepaid expenses and other assets (includes $796 and $3,449 from related parties as of March 31, 2025 and December 31, 2024, respectively)(1)241,753 242,916 Operating lease right-of-use assets46,807 51,509 Property and equipment, net17,969 18,679 Goodwill392,687 392,687 Other intangible assets, net139,629 146,446 Deferred income taxes1,300 13,598 Assets held for sale (Note 3)20,125 84,723 Assets of discontinued operations (Note 3)64,874 70,373 Total assets$1,511,003 $1,783,263 LIABILITIES AND EQUITY (DEFICIT)   Liabilities:  Accounts payable$44,210 $51,238 Accrued expenses and other liabilities(1)182,161 185,745 Deferred revenue57,254 58,148 Deferred income taxes2,121 5,462 Due to related parties and partners1,782 3,