Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 303

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 8
Chunk 303
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)— (6,592)(3)1,214 1,211 Net (loss) income attributable to B. Riley Financial, Inc.(13,370)3,395 (9,975)(61,298)12,133 (49,165)Preferred stock dividends2,015 — 2,015 2,015 — 2,015 Net (loss) income available to common shareholders$(15,385)$3,395 $(11,990)$(63,313)$12,133 $(51,180)Three Months EndedMarch 31,20252024Weighted average common shares outstanding:  Basic30,497,512 29,989,584 Effect of dilutive potential common shares:  Restricted stock units and warrants— — Diluted30,497,512 29,989,584   Basic net (loss) income per common share:Continuing operations$(0.50)$(2.11)Discontinued operations0.11 0.40 Basic loss per common share$(0.39)$(1.71)Diluted net (loss) income per common share:Continuing operations$(0.50)$(2.11)Discontinued operations0.11 0.40 Diluted loss per common share$(0.39)$(1.71)

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NOTE 16 — COMMITMENTS AND CONTINGENCIES

(a) Legal MattersThe Company is subject to certain legal and other claims that arise in the ordinary course of its business. In particular, the Company and its subsidiaries are named in and subject to various proceedings and claims arising primarily from the Company’s securities business activities, including lawsuits, arbitration claims, class actions, and regulatory matters. Some of these claims seek substantial compensatory, punitive, or indeterminate damages. The Company and its subsidiaries are also involved in other reviews, investigations, and proceedings by governmental and self-regulatory organizations regarding the Company’s business, which may result in adverse judgments, settlements, fines, penalties, injunctions, and other relief. In addition to such legal and other claims, reviews, investigations, and proceedings, the Company and its subsidiaries are subject to the risk of unasserted claims, including, among others, as it relates to matters related to Mr. Kahn and our investment in Freedom VCM. If such claims are made, however, the Company believes it has valid defenses from any such claim and any such claim would