Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 380

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 380
---
 on future management fees earned.

The Company often provides consulting or investment banking services to raise capital for companies in which the Company has significant influence through equity ownership, representation on the board of directors (or similar governing body), or both. During the three months ended June 30, 2024 and 2023, the Company earned $369 and $30 of fees related to these services, respectively. During the six months ended June 30, 2024 and 2023, the Company earned $548 and $814 of fees related to these services, respectively. 

NOTE 20 — BUSINESS SEGMENTS

The Company’s business is classified into six reportable operating segments: the Capital Markets segment, Wealth Management segment, Auction and Liquidation segment, Financial Consulting segment, Communications segment, and Consumer Products segment. These reportable segments are all distinct businesses, each with a different marketing strategy and management structure. During the fourth quarter of 2023, management reassessed the Company's previously reported Consumer segment due to organizational changes and financial information provided to the CODM. These changes resulted in Targus’ operations being reported on a stand alone basis in the Consumer Products segment and the operations 

58

related to brand licensing that was previously reported in the Consumer segment being reported in the All Other Category that is reported with Corporate and Other. As a result of the changes discussed above in the Consumer segment, the Company has recast the financial data for the Consumer Products segment and reporting of the All Other Category for all periods presented. The following is a summary of certain financial data for each of the Company’s reportable segments:Three Months EndedJune 30,Six Months EndedJune 30,2024202320242023Capital Markets segment:Revenues - Services and fees$50,242 $44,961 $110,589 $102,890 Trading (loss) income(32,612)32,685 (50,879)39,705 Fair value adjustments on loans(175,582)9,207 (187,783)52,483 Interest income - loans18,508 35,126 40,643 75,138 Interest income - securities lending24,798 40,073 62,607 77,247 Total revenues(114,646)162,052 (24,823)347,463 Selling, general and administrative expenses(49,806)(45,870)(103,030)(111,581)Impairment of tradenames