Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 33

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 Basis at December 31, 2024 UsingFair value at December 31, 2024Quoted prices in active marketsfor identical assets  (Level 1)Other observable inputs (Level 2)Significant unobservable inputs (Level 3)Assets:Securities and other investments owned:Equity securities$165,408 $124,892 $— $40,516 Corporate bonds29,027 25,461 3,566 — Other fixed income securities4,923 — 4,923 — Total securities and other investments owned199,358 150,353 8,489 40,516 Loans receivable, at fair value90,103 — — 90,103 Total assets measured at fair value$289,461 $150,353 $8,489 $130,619 Liabilities:Securities sold not yet purchased:Corporate bonds$1,891 $— $1,891 $— Other fixed income securities3,784 — 3,784 — Total securities sold not yet purchased5,675 — 5,675 — Contingent consideration4,538 — — 4,538 Total liabilities measured at fair value$10,213 $— $5,675 $4,538 As of March 31, 2025 and December 31, 2024, financial assets measured and reported at fair value on a recurring basis and classified within Level 3 were $126,126 and $130,619, respectively, or 8.3% and 7.3%, respectively, of the Company’s total assets. In determining the fair value for these Level 3 financial assets, the Company analyzes various financial, performance and market factors to estimate the value, including where applicable, over-the-counter market trading activity. The fair value for individual Level 3 financial assets and liabilities have various financial inputs which include multiple of sales, the market price of related securities, annualized volatility, discount rates, recovery rates and expected term inputs that may change at each reporting period and result in an increase or decrease in the valuation of Level 3 financial assets and liabilities.

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The following table summarizes the significant unobservable inputs in the fair value measurement of Level 3 financial assets and liabilities by category of investment and valuation technique as of March 31, 2025 and December 31,