Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 304

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 304
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 and 2024, respectively, of the Company), which is the period in which the most recent financial information is available:

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March 31, 2025September 30, 2024Current assets$482,878 $530,223 Noncurrent assets$236,835 $274,410 Current liabilities$511,214 $297,928 Noncurrent liabilities$511,015 $709,823 Deficit attributable to investee$(303,011)$(203,694)Noncontrolling interest$495 $576 Three Months Ended March 31,Six Months Ended March 31,2025202420252024Revenues$181,194 $207,556 $247,470 $434,723 Cost of revenues$141,133 $159,075 $183,176 $330,627 Loss from continuing operations$(7,763)$(15,799)$(79,081)$(70,065)Net loss$(21,989)$(16,791)$(85,010)$(79,515)Net loss attributable to investees$(22,007)$(16,833)$(85,072)$(83,287)As of June 30, 2025 and December 31, 2024, the fair value of the investment in B&W totaled $26,406 and $45,012, respectively, and is included in the “Securities and other investments owned, at fair value” line item in the accompanying unaudited condensed consolidated balance sheets. Other Public Company Equity Investments In March 2024, the Company no longer had board representation in Synchronoss Technologies, Inc. (“Synchronoss”) and as a result, the Company no longer retained significant influence over the equity investment. As of June 30, 2025, the Company had a voting interest of 3% in Synchronoss. The Company has elected to account for this equity investment under the fair value option. The following summarized income statement for Synchronoss is included below for purposes of disclosure a quarter in arrears whereas the three and six months ended March 31, 2024 correspond to amounts during the three and six months ended June 30, 2024 of the Company, which was the period in which the most recent financial information was available:Three Months Ended March 31, 2024Six Months Ended March 31, 2024Revenues$42,965 $