Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 34

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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, the fair value of the investment in B&W totaled $26,406 and $45,012, respectively, and is included in the “Securities and other investments owned, at fair value” line item in the accompanying unaudited condensed consolidated balance sheets. Other Public Company Equity Investments In March 2024, the Company no longer had board representation in Synchronoss Technologies, Inc. (“Synchronoss”) and as a result, the Company no longer retained significant influence over the equity investment. As of June 30, 2025, the Company had a voting interest of 3% in Synchronoss. The Company has elected to account for this equity investment under the fair value option. The following summarized income statement for Synchronoss is included below for purposes of disclosure a quarter in arrears whereas the three and six months ended March 31, 2024 correspond to amounts during the three and six months ended June 30, 2024 of the Company, which was the period in which the most recent financial information was available:Three Months Ended March 31, 2024Six Months Ended March 31, 2024Revenues$42,965 $84,367 Cost of revenues$10,223 $20,515 Net income (loss) attributable to investees$2,341 $(32,660)As of June 30, 2025 and December 31, 2024, the fair value of the equity investment in Synchronoss was $1,970 and $7,200, respectively. These amounts are included in “Securities and other investments owned, at fair value” line item in the accompanying unaudited condensed consolidated balance sheets.Other Equity InvestmentsAs of June 30, 2025, the Company had other equity investments where the Company is considered to have the ability to exercise influence since the Company has representation on the board of directors or the Company is presumed to have the ability to exercise significant influence since the investment is more than minor, and the limited liability company is required to maintain specific ownership accounts for each member. The Company has elected to account for these equity investments under the fair value option. These equity investments are comprised of equity investments in three private companies as of June 30, 2025 and five as of December 31, 2024 and June 30, 2024. The following table contains summarized financial information for these companies, included below for purposes of the disclosure a quarter in arrears (balance sheet amounts as