Company: RILYN
Filing Date: 2025-11-12
Form Type: NT 10-Q
Source: 0001213900-25-109341
Chunk: 1

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-12
Form: NT 10-Q
Chunk 1
---
(c) has been attached if applicable.                                                                                                                                                                                                                                                                                                                                                                  |

<div align='center'>PART III – NARRATIVE</div>

B. Riley Financial, Inc. (the “Company”)
was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarterly period ended September
30, 2025 (the “Quarterly Report”) by November 10, 2025, the required filing date. The Company is also working expeditiously
to finalize the Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2025 and June 30, 2025,
which will allow us to move forward with the filing of the Quarterly Report as promptly as practical.

<div align='center'>2

PART IV

OTHER INFORMATION</div>

| (1) | Name and telephone number of person to contact in regard to this notification |

| Scott Yessner |     |       -310 |     | 966-1444          |
| (Name)        |     | -Area Code |     | -Telephone Number |

| (2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). |

☐ Yes ☒ No

<div align='center'>Quarterly Report on Form 10-Q for the quarter ended
March 31, 2025.

Quarterly Report on Form 10-Q for the quarter ended
June 30, 2025.</div>

| (3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? |

☒ Yes ☐ No

If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

Estimated results of operations for the three
months ended September 30, 2025 are summarized as follows:

Net income available to common shareholders for
the three months ended September 30, 2025 is estimated to be in the range of $67 million to $77 million, or $2.19 to