Company: RILYN
Filing Date: 2025-08-12
Form Type: NT 10-Q
Source: 0001213900-25-075050
Chunk: 1

Company: B. Riley Financial, Inc.
Filing Date: 2025-08-12
Form: NT 10-Q
Chunk 1
---
) has been attached if applicable.                                                                                                                                                                                                                                                                                                                                                                  |

<div align='center'>PART III – NARRATIVE</div>

B. Riley Financial, Inc. (the “Company”)
was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarterly period ended June 30,
2025 (the “Quarterly Report”) by August 11, 2025, the required filing date. The Company is also working expeditiously to complete
the audit and finalize the Annual Report on Form 10-K for the year ended December 31, 2024 and the Quarterly Report on Form 10-Q for the
quarterly period ended March 31, 2025, which will allow us to move forward with the filing of the Quarterly Report as promptly as practical.

<div align='center'>2

PART IV

OTHER INFORMATION</div>

| (1) | Name and telephone number of person to contact in regard to this notification |

| Scott Yessner |     |       -310 |     | 966-1444          |
| (Name)        |     | -Area Code |     | -Telephone Number |

| (2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). |

☐ Yes ☒ No

<div align='center'>Annual Report on Form 10-K for the year ended December
31, 2024.

Quarterly Report on Form 10-Q for the quarter ended
March 31, 2025.</div>

| (3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? |

☒ Yes ☐ No

If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

Estimated results of operations for the three months
ended June 30, 2025 are summarized as follows:

Net income available to common shareholders for the
three months ended June 30, 2025 is estimated to be in the range