Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 198

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 2
Chunk 198
---
es) gains on investments(155,690)18,843 (174,533)n/mChange in fair value of financial instruments and other(163)381 (544)(142.8)%Income from equity investments10 143 (133)(93.0)%Interest expense(42,687)(47,332)4,645 (9.8)%(Loss) income before income taxes(408,773)65,285 (474,058)n/mProvision for income taxes(25,008)(21,504)(3,504)16.3 %Net (loss) income(433,781)43,781 (477,562)n/mNet loss attributable to noncontrolling interests(177)(2,600)2,423 (93.2)%Net (loss) income attributable to B. Riley Financial, Inc.(433,604)46,381 (479,985)n/mPreferred stock dividends2,015 2,015 — — %Net (loss) income available to common shareholders$(435,619)$44,366 $(479,985)n/mn/m - Not applicable or not meaningful.

Revenues

The table below and the discussion that follows are based on how we analyze our business.

75

Three Months Ended June 30,Change 20242023Amount %Services and fees:Capital Markets segment$50,242 $44,961 $5,281 11.7 %Wealth Management segment49,582 47,243 2,339 5.0 %Auction and Liquidation segment3,621 8,885 (5,264)(59.2)%Financial Consulting segment36,533 31,212 5,321 17.0 %Communications segment77,744 83,316 (5,572)(6.7)%All Other30,303 14,710 15,593 106.0 %Subtotal248,025 230,327 17,698 7.7 %   Trading (loss) income:   Capital Markets segment(32,612)32,685 (65,297)(199.8)%Wealth Management segment1,291 473 818 172.9 %Subtotal(31,321)33,158 (64,479)(194.5)%Fair value adjustments on loans:Capital Markets segment(175,582)9,207