Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 2

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 financial statements.

2

Table of Contents

B. RILEY FINANCIAL, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations (Loss)

(Unaudited)

(Dollars in thousands, except share and per share data)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Revenues:Services and fees (includes $5,121 and $3,119 for the three months ended June 30, 2025 and 2024 and $7,849 and $5,398 for the six months ended June 30, 2025 and 2024 from related parties, respectively)$145,772 $202,909 $304,611 $416,990 Trading gains (losses), net27,680 (31,321)11,509 (48,988)Fair value adjustments on loans (includes $(992) and $(177,618) for the three months ended June 30, 2025 and 2024 and $(3,137) and $(196,743) for the six months ended June 30, 2025 and 2024 from related parties, respectively)800 (175,582)(7,296)(187,783)Interest income - loans (includes $475 and $13,439 for the three months ended June 30, 2025 and 2024 and $1,171 and $27,403 for the six months ended June 30, 2025 and 2024 from related parties, respectively)3,853 18,508 7,049 40,643 Interest income - securities lending2,124 24,798 2,964 62,607 Sale of goods45,073 55,573 92,528 109,006 Total revenues225,302 94,885 411,365 392,475 Operating expenses:Direct cost of services33,216 58,679 75,916 118,349 Cost of goods sold35,113 39,758 71,846 78,585 Selling, general and administrative expenses142,369 178,014 309,757 356,954 Restructuring charge (Note 5)321 20 321 809 Impairment of goodwill and tradenames1,500 27,681 1,500 27,681 Interest expense - Securities lending and