Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 0

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
Item 1. Financial Statements.

B. RILEY FINANCIAL, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Dollars in thousands, except par value)

September 30,2024December 31,2023(Unaudited)  ASSETSAssets:Cash and cash equivalents$159,247 $222,690 Restricted cash1,366 1,875 Due from clearing brokers31,867 51,334 Securities and other investments owned, at fair value341,770 809,049 Securities borrowed64,004 2,870,939 Accounts receivable, net of allowance for credit losses of $7,941 and $7,175 as of September 30, 2024 and December 31, 2023, respectively91,506 101,036 Due from related parties189 172 Loans receivable, at fair value (includes $98,292 and $378,768 from related parties as of September 30, 2024 and December 31, 2023, respectively)151,704 532,419 Prepaid expenses and other assets (includes $3,237 and $11,802 from related parties as of  September 30, 2024 and December 31, 2023, respectively)201,688 241,862 Operating lease right-of-use assets79,848 87,167 Property and equipment, net43,422 25,206 Goodwill498,377 466,638 Other intangible assets, net187,185 198,245 Deferred income taxes13,402 33,631 Assets of discontinued operations (Note 4)291,701 438,341 Total assets$2,157,276 $6,080,604 LIABILITIES AND EQUITY (DEFICIT)   Liabilities:  Accounts payable$54,522 $43,992 Accrued expenses and other liabilities228,698 252,876 Deferred revenue61,354 70,575 Due to related parties and partners4,112 2,480 Securities sold not yet purchased2,450 8,601 Securities loaned54,814 2,859,306 Operating lease liabilities90,569 98,088 Notes payable29,915 19,391 Loan participations sold3,963 — Revolving