Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 146

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 146
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 had temporarily suspended dividends on our Series A and B Preferred Stock. Unpaid dividends will accrue until paid in full.

Dividends on the Series A preferred paid during the three months ended June 30, 2024 were $0.4296875 per depository share. Dividends on the Series B preferred paid during the three months ended June 30, 2024 were $0.4609375 per depository share. 

Results of Operations

The following period to period comparisons of our financial results and our interim results are not necessarily indicative of future results.

Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2024

Condensed Consolidated Statements of Operations

(Dollars in thousands)

91

Six Months Ended June 30,Change20252024Amount%Revenues:Services and fees$304,611 $416,990 $(112,379)(27.0)%Trading gains (losses), net11,509 (48,988)60,497 (123.5)%Fair value adjustments on loans(7,296)(187,783)180,487 (96.1)%Interest income - loans7,049 40,643 (33,594)(82.7)%Interest income - securities lending2,964 62,607 (59,643)(95.3)%Sale of goods92,528 109,006 (16,478)(15.1)%Total revenues411,365 392,475 18,890 4.8 %Operating expenses:Direct cost of services75,916 118,349 (42,433)(35.9)%Cost of goods sold71,846 78,585 (6,739)(8.6)%Selling, general and administrative expenses309,757 356,954 (47,197)(13.2)%Restructuring charge321 809 (488)(60.3)%Impairment of goodwill and tradenames1,500 27,681 (26,181)(94.6)%Interest expense - Securities lending and loan participations sold2,687 58,696 (56,009)(95.4)%Total operating expenses462,027 641,074 (179,047)(27.9)%Operating loss(50,662)(248,599)197,937 (79.6)%Other income (expense):Interest income1,978 1