Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 118

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 118
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 as commissions and cash bonus awards, and share based compensation for equity awards. Occupancy-related costs consists of office rent, technology and communication costs, and other office expenses. Professional services expense consists of legal, accounting, audit and other consulting expenses. Restructuring charges include expenses related to reorganization and consolidation activities which includes, among other, reductions in workforce and facility closures. Depreciation and amortization expense consists of depreciation expense for property and equipment and amortization of intangible assets. The balance of our operating expenses (other selling, general and administrative expenses) includes costs for travel, marketing and business development, and other operating expenses. Comparable prior year information has been recast to reflect the additional disclosure of employee compensation and benefits by segment, professional services by segment, occupancy-related costs by segment, and other selling, general and administrative expenses by segment, as well as to reflect discontinued operations presentation as described in Note 4 - Discontinued Operations and Assets Held for Sale.

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 The following is a summary of certain financial data for each of the Company’s reportable segments:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Capital Markets segment:Revenues - Services and fees$39,095 $50,242 $64,300 $110,589 Trading gains (losses), net22,480 (32,612)5,697 (50,879)Fair value adjustment on loans800 (175,582)(7,296)(187,783)Interest income - loans3,853 18,508 7,049 40,643 Interest income - securities lending2,124 24,798 2,964 62,607 Total revenues68,352 (114,646)72,714 (24,823)Employee compensation and benefits(29,815)(34,679)(52,046)(73,737)Professional services(1,655)(1,060)(3,908)(2,055)Occupancy-related costs(1,699)(1,988)(3,791)(4,040)Other selling, general and administrative expenses(10,765)(12,079)(25,335)(23,198)Interest expense - Securities lending and loan participations sold(1,968)(23,313)(2,687)(58,696)Depreciation and amortization(692)(745)(1,383)(1,516)Segment income (loss)21,758