Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 1

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 net1,528,565 1,668,021 Total liabilities3,379,385 5,714,812 Commitments and contingencies (Note 16)B. Riley Financial, Inc. equity (deficit):  Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively; and liquidation preference of $114,082 as of June 30, 2024 and December 31, 2023— — Common stock, $0.0001 par value; 100,000,000 shares authorized; 30,499,931 and 29,937,067 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively3 3 Additional paid-in capital585,493 572,170 Accumulated deficit(798,945)(281,285)Accumulated other comprehensive (loss) income(4,887)229 Total B. Riley Financial, Inc. stockholders’ equity (deficit) (218,336)291,117 Noncontrolling interests75,233 68,449 Total equity (deficit) (143,103)359,566 Total liabilities and equity (deficit) $3,236,282 $6,074,378 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of Contents

B. RILEY FINANCIAL, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(Unaudited)

(Dollars in thousands, except share data)

Three Months EndedJune 30,Six Months EndedJune 30,2024202320242023Revenues:Services and fees (includes $3,357 and $547 for the three months ended June 30, 2024 and 2023 and $5,870 and $2,777 for the six months ended June 30, 2024 and 2023 from related parties, respectively)$248,025 $230,327 $505,328 $465,886 Trading (loss) income(31,321)33,158 (48,988)41,450 Fair value adjustments on loans (includes $(177,618) and $226 for the three months ended