Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 312

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 312
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 and unrealized gains (losses) included in fair value adjustments on loans and $(163,458) of realized and unrealized gains (losses) included in other income (loss) - realized and unrealized gains (losses) on investments, $(175,582) of fair value adjustments on loans included in fair value adjustments on loans, and $(288) related to contingent consideration included in “Selling, general and administrative expenses” line item in the unaudited condensed consolidated statements of operations. (2) For the three months ended June 30, 2025 and 2024, the change in unrealized gains (losses) is related to financial instruments held at the end of each respective reporting period. The changes in Level 3 fair value hierarchy during the six months ended June 30, 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 3Six Months Ended June 30, 2025Equity securities$40,516 $(3,648)$— $25,867 $(10,000)$(25,009)$— $27,726 $(3,648)Loans receivable at fair value90,103 (7,296)— 58,632 (10,415)(82,044)— 48,980 (8,834)Other assets— 1,029 — — — — — 1,029 1,029 Contingent consideration4,538 166 — — — (96)— 4,608 (166)Liability-classified warrants— (3,700)— 7,860 — — — 4,160 3,700 Embedded derivative— (8,119)— 11,244 — (3,125)— — 8,119 Six Months Ended June 30, 2024Equity securities$452,581 $(258,961)$20 $616 $(78,197)$— $(1,077)$114,982 $(262,154)Loans receivable at fair value532,419 (187