Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 146

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 2
Chunk 146
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 and include the operations of a regional environmental services business, and bebe which operates rent-to-own stores.

In prior years, we also generated operating revenues from our majority owned subsidiary that licenses the trademarks and intellectual properties from our ownership of six brands: Catherine Malandrino, English Laundry, Joan Vass, Kensie Girl, Limited Too and Nanette Lepore, and we generated other income from dividends we receive from our equity ownership of investments that range from 10% to 50% in companies that license the trademark and intellectual property of the Hurley, Justice, and Scotch & Soda brands and bebe and Brookstone brands (equity ownership of bebe stores, inc., our majority owned subsidiary). We also reported fair value adjustments from these equity investments since we elected to account for these equity investments using the fair value method of accounting. These operating results are included in discontinued operations and are expected to be deconsolidated as a result of the Sale by bebe and completion of the Secured Financing of the Brand Interests as discussed in Note 3 - Discontinued Operations and Assets Held for Sale to the accompanying unaudited condensed consolidated financial statements.

Securities and Other Investments Owned Portfolio – We have a portfolio of securities and other investments owned that consists of public equity securities, private equity securities, corporate bonds, other fixed income securities, and partnership interests and other investments as follows at March 31, 2025 and December 31, 2024:

March 31,2025December 31,2024Public Equity Securities:Badcock & Wilcox Enterprises, Inc. - common stock$18,455 $45,012 Badcock & Wilcox Enterprises, Inc. - preferred stock1,066 1,528 Double Down Interactive Co., Ltd - common stock41,820 43,706 Synchronoss Technologies, Inc. - common stock3,377 7,200 Other public equities14,952 27,446 Total public equity securities79,670 124,892 Private Equity Securities:Other private equities97,747 107,616 Total private equity securities97,747 107,616 Total equity securities177,417 232,508 Corporate bonds30,808 29,027 Other fixed income securities2,390 4,923 Partnership interest and other21,145 15,867 Total securities and other investments owned$231,760 $282,325 

Securities and other investments owned