Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 182

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 2
Chunk 182
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073 55,573 (10,500)(18.9)%Total revenues225,302 94,885 130,417 137.4 %Operating expenses:Direct cost of services33,216 58,679 (25,463)(43.4)%Cost of goods sold35,113 39,758 (4,645)(11.7)%Selling, general and administrative expenses142,369 178,014 (35,645)(20.0)%Restructuring charge321 20 301 n/mImpairment of goodwill and tradenames1,500 27,681 (26,181)(94.6)%Interest expense - Securities lending and loan participations sold1,968 23,313 (21,345)(91.6)%Total operating expenses214,487 327,465 (112,978)(34.5)%Operating income (loss) 10,815 (232,580)243,395 (104.7)%Other income (expense):Interest income492 797 (305)(38.3)%Dividend income122 460 (338)(73.5)%Realized and unrealized gains (losses) on investments10,216 (155,241)165,457 (106.6)%Change in fair value of financial instruments and other11,884 — 11,884 n/mGain on sale and deconsolidation of businesses5,372 — 5,372 n/mGain on senior note exchange44,454 — 44,454 n/mIncome from equity investments25,603 10 25,593 n/m(Loss) gain on extinguishment of debt(10,266)120 (10,386)n/mInterest expense(23,952)(33,534)9,582 (28.6)%Income (loss) from continuing operations before income taxes74,740 (419,968)494,708 (117.8)%Provision for income taxes(3,053)(29,183)26,130 (89.5)%Income (loss) from continuing operations71,687 (449,151)520,838 (116.0)%Income from discontinued operations, net of income taxes69,312 15,370 53,942 n/mNet income (loss)140,999 (433,781)574,780 (132.5