Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 34

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 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 - $11.35$11.209,339 Option pricing modelAnnualized volatility30.0% - 130.0%83.0%Loans receivable at fair value189,182 Discounted cash flowMarket interest rate13.9% - 61.0%26.4%40,017 Market approachMarket price of related security$16.57$16.57Multiple of Sales0.7x0.7xTotal level 3 assets measured at fair value$632,168 Liabilities:Mandatorily redeemable noncontrolling interests issued after November 5, 2003$5,304 Market approachOperating income multiple6.0x6.0xContingent consideration29,303 Discounted cash flowAsset volatility69.0%69.0%Market interest rate8.5%8.5%Revenue volatility5.0% - 6.3%5.6%Total level 3 liabilities measured at fair value$34,607 (1) - Unobservable inputs were weighted by the relative fair value of the financial instruments.

23

Fair value at December 31,2023Valuation TechniqueUnobservable InputRangeWeighted Average(1)Assets:Equity securities$662,158 Market approachMultiple of EBITDA0.7x - 13.5x7.1xMultiple of Sales0.8x to 3.8x1.0xMarket price of related security$0.04 - $92.51$12.2758,331 Discounted cash flowMarket interest rate20.2% - 57.0%24.6%15,149 Option pricing modelAnnualized volatility25.0% - 187.0%75.0%Loans receivable at fair value512,522 Discounted cash flowMarket interest rate10