Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 431

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 8
Chunk 431
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)n/mInterest income - loans:Capital Markets segment51,894 102,535 (50,641)(49.4)%Interest income - securities lending:Capital Markets segment69,614 119,580 (49,966)(41.8)%Sale of goods:Communications segment4,079 5,145 (1,066)(20.7)%Consumer Products segment152,739 179,156 (26,417)(14.7)%All Other7,436 — 7,436 100.0 %Subtotal164,254 184,301 (20,047)(10.9)%Total revenues$637,222 $1,151,943 $(514,721)(44.7)%

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n/m - Not applicable or not meaningful. 

Total revenues decreased $514.7 million to $637.2 million during the nine months ended September 30, 2024 from $1,151.9 million during the nine months ended September 30, 2023. The decrease in revenues during the nine months ended September 30, 2024 was primarily due to decreases in fair value adjustments on loans of $310.9 million, in the fair value of the portfolio of securities and other investments owned of $81.9 million, interest income from loans of $50.6 million, interest income from securities lending of $50.0 million, sale of goods of $20.0 million, and revenues from services and fees of $1.2 million. Of the $310.9 million decrease in fair value adjustments related to loans, $222.7 million related to the loan to VCM, $13.6 million related to the loan to Freedom VCM, $27.1 million related to the loan to Conn’s, and $0.8 million related to the loan to Badcock Receivables I. The decrease in revenue from services and fees in the nine months ended September 30, 2024 consisted of decreases in revenue of $42.8 million in the Capital Markets segment, and $25.5 million in the Communications segment, partially offset by increases in revenue of $46.5 million in All Other, $17.1 million in the Financial Consulting segment, and $3.5 million in the Wealth Management segment.

Revenues from services and fees in the Capital Markets segment decreased $42.8 million to $141.0 million during the nine months ended September 30, 202