Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 322

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 8
Chunk 322
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5%8.5%Revenue volatility5.0% - 6.3%5.6%Total level 3 liabilities measured at fair value$23,702 (1) - Unobservable inputs were weighted by the relative fair value of the financial instruments.

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Fair value at December 31,2023Valuation TechniqueUnobservable InputRangeWeighted Average(1)Assets:Equity securities$324,279 Market approachMultiple of EBITDA0.7x - 13.5x8.3xMultiple of Sales0.8x to 3.5x0.9xMarket price of related security$0.04 - $92.51$12.2758,331 Discounted cash flowMarket interest rate20.2% - 57.0%24.6%69,971 Option pricing modelAnnualized volatility25.0% - 187.0%67.0%Loans receivable at fair value512,522 Discounted cash flowMarket interest rate10.0% - 41.6%17.1%19,897 Market approachMarket price of related security$19.87$19.87Total level 3 assets measured at fair value$985,000 Liabilities:Contingent consideration$27,985 Discounted cash flowEBITDA volatility70.0%70.0%Asset volatility69.0%69.0%Market interest rate8.5%8.5%Revenue volatility5.1%5.1%Total level 3 liabilities measured at fair value$27,985 (1) - Unobservable inputs were weighted by the relative fair value of the financial instruments.

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The changes in Level 3 fair value hierarchy during the three months ended September 30, 2024 and 2023 were as follows:Level 3Balance atBeginning ofPeriodLevel 3 Changes During the PeriodLevel 3Balance atEnd ofPeriodChange in unrealized gains (losses) (2)Fair Value Adjustments (1)Relating to Undistributed EarningsPurchases/ OriginationsSalesSettlements/ RepaymentsTransfer in and/or out of Level 3Three Months Ended September 30, 2024Equity securities$114,982 $(66,349)$— $49 $— $13,266 $— $61,948 $(66,346)Loans receivable at fair value229,199