Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 417

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 417
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)%Interest income - loans7,049 40,643 (33,594)(82.7)%Interest income - securities lending2,964 62,607 (59,643)(95.3)%Sale of goods92,528 109,006 (16,478)(15.1)%Total revenues411,365 392,475 18,890 4.8 %Operating expenses:Direct cost of services75,916 118,349 (42,433)(35.9)%Cost of goods sold71,846 78,585 (6,739)(8.6)%Selling, general and administrative expenses309,757 356,954 (47,197)(13.2)%Restructuring charge321 809 (488)(60.3)%Impairment of goodwill and tradenames1,500 27,681 (26,181)(94.6)%Interest expense - Securities lending and loan participations sold2,687 58,696 (56,009)(95.4)%Total operating expenses462,027 641,074 (179,047)(27.9)%Operating loss(50,662)(248,599)197,937 (79.6)%Other income (expense):Interest income1,978 1,460 518 35.5 %Dividend income257 3,464 (3,207)(92.6)%Realized and unrealized losses on investments(4,284)(190,165)185,881 (97.7)%Change in fair value of financial instruments and other12,806 — 12,806 n/mGain on sale and deconsolidation of businesses86,213 314 85,899 n/mGain on senior note exchange54,986 — 54,986 n/mIncome from equity investments25,051 6 25,045 n/m(Loss) gain on extinguishment of debt(20,693)120 (20,813)n/mInterest expense(53,916)(69,199)15,283 (22.1)%Income (loss) from continuing operations before income taxes51,736 (502,599)554,335 (110.3)%Provision for income taxes(11)(7,853)7,842 (99.9)%Income (loss) from continuing operations51,725 (510,452)562,177