Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 317

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 317
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 $194,541 $— $735,638 Corporate bonds59,287 56,045 3,242 — Other fixed income securities2,989 — 2,989 — Total securities and other investments owned992,455 250,586 6,231 735,638 Loans receivable, at fair value532,419 — — 532,419 Total assets measured at fair value$1,524,874 $250,586 $6,231 $1,268,057 Liabilities:Securities sold not yet purchased:Equity securities$1,037 $1,037 $— $— Corporate bonds5,971 — 5,971 — Other fixed income securities1,593 — 1,593 — Total securities sold not yet purchased8,601 1,037 7,564 — Mandatorily redeemable noncontrolling interests issued after November 5, 20035,835 — — 5,835 Contingent consideration27,985 — — 27,985 Total liabilities measured at fair value$42,421 $1,037 $7,564 $33,820 As of June 30, 2024 and December 31, 2023, financial assets measured and reported at fair value on a recurring basis and classified within Level 3 were $632,168 and $1,268,057, respectively, or 19.5% and 20.9%, respectively, of the Company’s total assets. In determining the fair value for these Level 3 financial assets, the Company analyzes various financial, performance and market factors to estimate the value, including where applicable, over-the-counter market trading activity.The following table summarizes the significant unobservable inputs in the fair value measurement of Level 3 financial assets and liabilities by category of investment and valuation technique as of June 30, 2024 and December 31, 2023:

22

Fair value at June 30,2024ValuationTechniqueUnobservableInputRangeWeighted Average(1)Assets:Equity securities$393,630 Market approachMultiple of EBITDA4.8x - 9.0x8.2xMultiple of Sales0.7x - 3.5x1.0xMarket price of related security$0.02 - $11.