Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 35

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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3,953 Market approachMarket price of related security$9.60 - $16.48$12.90Total level 3 assets measured at fair value$130,619 Liabilities:Contingent consideration4,538 Discounted cash flowDiscount rate5.0% - 7.5%5.1%Total level 3 liabilities measured at fair value$4,538 (1) Unobservable inputs were weighted by the relative fair value of the financial instruments.The changes in Level 3 fair value hierarchy during the three months ended March 31, 2025 and 2024 were as follows:Level 3Balance atBeginning ofYearLevel 3 Changes During the PeriodLevel 3Balance atEnd ofPeriodChange in unrealized gains (losses) (2)Fair Value Adjustments (1)Relating to Undistributed EarningsPurchases/ OriginationsSalesSettlements/ RepaymentsTransfer in and/or out of Level 3Three Months Ended March 31, 2025Equity securities$40,516 $(3,844)$— $869 $(10,000)$(11)$— $27,530 $(3,844)Loans receivable at fair value90,103 (8,096)— 58,008 (6,840)(34,579)— 98,596 (9,738)Contingent consideration4,538 103 — — — (48)— 4,593 (103)Liability-classified warrants— (2,700)— 7,860 — — — 5,160 2,700 Embedded derivative— 3,349 — 11,244 — — — 14,593 (3,349)Three Months Ended March 31, 2024Equity securities$452,581 $(56,388)$12 $435 $(9,322)$— $(1,074)$386,244 $(57,197)Loans receivable at fair value532,419 (12,130)3,089 30,976 (22,785)(79,073)— 452,496 (20,812)Contingent consideration25,194 (148)— — — (70)— 24,976 148 (1) Fair value adjustments during the three months ended March 31, 2025 includes the