Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 342

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 8
Chunk 342
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 $16.2 million during the three months ended March 31, 2025 was primarily due to realized and unrealized losses on investments made in our proprietary trading accounts, primarily $15.1 million on B&W driven by a decrease in share price.

In our Capital Markets segment, we have a portfolio of loans receivable that are measured at fair value with changes in fair value reported in our results of operations. The loan portfolio and fair value adjustments on loans consisted of the following:

Fair Value Adjustments on LoansLoans Receivable, at Fair ValueThree Months EndedMarch 31,Industry or Type of LoanMarch 31, 2025December 31, 202420252024Related Party Loans:Vintage Capital Management, LLCRetail / consumer$2,334 $2,057 $276 $(17,238)Freedom VCM Receivables, Inc.Consumer receivable portfolio— 3,913 1,393 (1,681)Conn's, Inc.Retail / consumer15,000 38,826 (4,065)(1,254)W.S. Badcock CorporationConsumer receivable portfolio— 2,169 250 551 Great American Holdings, LLCProfessional Services27,898 — — — GA Joann Retail PartnershipProfessional Services14,184 — — — Other related party loansProfessional Services, Industrials, Oil & Gas1,900 4,937 — 497 Total related party61,316 51,902 (2,146)(19,125)Exela Technologies, Inc.Technology27,563 32,136 (2,677)213 Core Scientific, Inc.Technology— — — 8,473 Norlin EV LimitedReal Estate6,142 6,065 (227)28 Other loansVarious3,575 — (3,046)(1,790)Total$98,596 $90,103 $(8,096)$(12,201)

The fair value adjustments on loans receivable for the three months ended March 31, 2025 and 2024, were $(8.1) million and $(12.2) million, respectively. During the three months ended March 31, 2025 and 2024, fair value adjustments for loans receivable from related parties totaled $(2.1) million and $(19.1) million, respectively. During the three months ended