Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 152

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 152
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,700 — — — Other related party loansProfessional Services, Industrials, Oil & Gas2,202 4,937 (126)692 Total related party19,370 51,902 (3,137)(196,743)Exela Technologies, Inc.Technology29,610 32,136 (630)268 Core Scientific, Inc.Technology— — — 8,473 Norlin EV LimitedReal Estate— 6,065 (484)49 Other loansVarious— — (3,045)170 Total$48,980 $90,103 $(7,296)$(187,783)

During the six months ended June 30, 2025 and 2024, fair value adjustments for loans receivable from related parties totaled $(3.1) million and $(196.7) million, respectively. During the six months ended June 30, 2025 and 2024, fair value adjustments for other loans receivable totaled $(4.2) million and $9.0 million, respectively. 

The $180.5 million favorable variance in fair value adjustment related to our loans receivable during the six months ended June 30, 2025 was primarily driven by $167.8 million related to VCM loan, $15.1 million related to the loan to Freedom VCM, and $7.1 million related to Badcock loan, partially offset by a decrease of $8.5 million related to the Core Scientific loan.

Interest income - loans decreased $33.6 million to $7.0 million during the six months ended June 30, 2025 from $40.6 million during the six months ended June 30, 2024. The decrease was primarily due to non-accrual of interest on the following adjusted loans: $12.2 million for VCM, $7.4 million for Conn’s, $4.4 million for Freedom VCM, which was sold 

95

in February 2025, and $3.5 million for Nogin, as well as a reduction in loan receivable balances from $229.2 million as of June 30, 2024 to $49.0 million as of June 30, 2025.

Interest income – securities lending decreased $59.6 million to $3.0 million during the six months ended June 30, 202