Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 33

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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,304 Contingent consideration29,303 — — 29,303 Total liabilities measured at fair value$39,372 $203 $4,562 $34,607 

21

Financial Assets and Liabilities Measured at Fair Value on aRecurring Basis at December 31, 2023 UsingFair value at December 31, 2023Quoted prices in active marketsfor identical assets  (Level 1)Other observable inputs (Level 2)Significant unobservable inputs (Level 3)Assets:Securities and other investments owned:Equity securities$930,179 $194,541 $— $735,638 Corporate bonds59,287 56,045 3,242 — Other fixed income securities2,989 — 2,989 — Total securities and other investments owned992,455 250,586 6,231 735,638 Loans receivable, at fair value532,419 — — 532,419 Total assets measured at fair value$1,524,874 $250,586 $6,231 $1,268,057 Liabilities:Securities sold not yet purchased:Equity securities$1,037 $1,037 $— $— Corporate bonds5,971 — 5,971 — Other fixed income securities1,593 — 1,593 — Total securities sold not yet purchased8,601 1,037 7,564 — Mandatorily redeemable noncontrolling interests issued after November 5, 20035,835 — — 5,835 Contingent consideration27,985 — — 27,985 Total liabilities measured at fair value$42,421 $1,037 $7,564 $33,820 As of June 30, 2024 and December 31, 2023, financial assets measured and reported at fair value on a recurring basis and classified within Level 3 were $632,168 and $1,268,057, respectively, or 19.5% and 20.9%, respectively, of the Company’s total assets. In determining the fair value for these Level 3 financial assets, the Company analyzes various financial, performance and market factors to estimate the value, including where applicable, over-the-counter market trading activity.The following table summarizes