Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 212

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 2
Chunk 212
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 As of June 30, 2025, dividends in arrears in respect of the Series B Preferred Stock and underlying Depositary Shares were $2.1 million. On January 21, 2025, the Company announced that it had temporarily suspended dividends on its Series B Preferred Stock. Unpaid dividends will accrue until paid in full.

A summary of preferred stock dividend activity for the six months ended June 30, 2025 and the year ended December 31, 2024 was as follows:

StockholderPreferred Dividend per Depositary ShareDate DeclaredDate PaidRecord DateSeries ASeries BOctober 16, 2024October 31, 2024October 28, 2024$0.4296875 $0.4609375 July 9, 2024July 31, 2024July 22, 20240.4296875 0.4609375 April 9, 2024April 30, 2024April 22, 20240.4296875 0.4609375 January 9, 2024January 31, 2024January 22, 20240.4296875 0.4609375 

Our principal sources of liquidity to finance our business are our existing cash on hand, cash flows generated from operating activities, funds available under revolving credit facilities and special purpose financing arrangements.

Cash Flow Summary

Six Months EndedJune 30,20252024(Dollars in thousands) Net cash provided by (used in):Operating activities $(25,375)$246,839 Investing activities289,220 6,704 Financing activities(252,424)(243,526)Effect of foreign currency on cash546 (5,233)Net increase in cash, cash equivalents and restricted cash $11,967 $4,784 

Cash used in operating activities was $25.4 million during the six months ended June 30, 2025 compared to cash provided by operating activities of $246.8 million during the six months ended June 30, 2024. The reduction of $272.2 million in net cash provided by operating activities in 2025 was primarily due to $439.3 million less cash generated from securities and other investments owned, as fewer securities positions were sold to provide liquidity to fund operations and redemption of the 6.375% Senior Notes due February 28, 2025, partially offset by