Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 62

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 from discontinued operations for the three and six months ended June 30, 2025 and 2024 were as follows:Three Months EndedSix Months EndedJune 30, 2025June 30, 2025GlassRatner & FarberGlassRatner & FarberRevenues:Services and fees$19,465 $40,575 Operating expenses:Selling, general and administrative expenses16,592 34,205 Operating income2,873 6,370 Other income (expense):Interest income4 7 Gain on disposal of discontinued operations66,795 66,795 Income from discontinued operations before income taxes69,672 73,172 Provision for income taxes(360)(465)Income from discontinued operations, net of income taxes$69,312 $72,707 

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Three Months Ended June 30, 2024Brands TransactionGreat American GroupGlassRatner & FarberTotalRevenues:Services and fees$4,962 $17,351 $22,803 $45,116 Sale of goods8,364 8,364 Total revenues4,962 25,715 22,803 53,480 Operating expenses:Direct cost of services— 2,872 — 2,872 Cost of goods sold— 6,960 — 6,960 Selling, general and administrative expenses1,028 12,437 17,979 31,444 Total operating expenses1,028 22,269 17,979 41,276 Operating income3,934 3,446 4,824 12,204 Other income (expense):Interest income— 1 6 7 Dividend income8,749 — — 8,749 Realized and unrealized losses on investments(449)— — (449)Loss on extinguishment of debt— — (163)(163)Interest expense(699)(8,454)— (9,153)Income (loss) from discontinued operations before income taxes11,535 (5,007)4,667 11,195 Benefit from (provision for) income taxes4,012 (1,143)1,306 4,175 Income (loss) from discontinued operations, net of  income taxes$15,547 $(6,150)$5,973 $15,370 Six