Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 209

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 2
Chunk 209
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2 %Cost of goods sold86,333 87,943 (1,610)(1.8)%Selling, general and administrative expenses418,886 401,512 17,374 4.3 %Restructuring charge809 721 88 12.2 %Impairment of tradenames27,681 1,733 25,948 n/mInterest expense - Securities lending and loan participations sold58,696 68,204 (9,508)(13.9)%Total operating expenses715,082 670,451 44,631 6.7 %Operating (loss) income(223,685)167,917 (391,602)n/mOther income (expense):Interest income1,473 3,275 (1,802)(55.0)%Dividend income21,024 22,759 (1,735)(7.6)%Realized and unrealized losses on investments(185,235)(9,599)(175,636)n/mChange in fair value of financial instruments and other151 172 (21)(12.2)%Income from equity investments6 133 (127)(95.5)%Interest expense(87,551)(94,893)7,342 (7.7)%(Loss) income before income taxes(473,817)89,764 (563,581)n/mProvision for income taxes(7,918)(29,423)21,505 (73.1)%Net (loss) income(481,735)60,341 (542,076)n/mNet income (loss) attributable to noncontrolling interests1,034 (3,195)4,229 (132.4)%Net (loss) income attributable to B. Riley Financial, Inc.(482,769)63,536 (546,305)n/mPreferred stock dividends4,030 4,027 3 0.1 %Net (loss) income available to common shareholders$(486,799)$59,509 $(546,308)n/m______________________________________________

n/m - Not applicable or not meaningful. 

81

Revenues

The table below and the discussion that follows are based on how we analyze our business.

Six Months Ended June 30,Change20242023Amount%Services and fees:Capital Markets segment$110,589 $102,890 $7,699 7.5 %Wealth