Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 203

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 2
Chunk 203
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 Other28,506 9,928 18,578 187.1 %Subtotal198,514 244,096 (45,582)(18.7)%   Trading (loss) income:   Capital Markets segment(1,908)(10,217)8,309 (81.3)%Wealth Management segment670 490 180 36.7 %Subtotal(1,238)(9,727)8,489 (87.3)%Fair value adjustments on loans:Capital Markets segment(71,477)(860)(70,617)n/mInterest income - loans:   Capital Markets segment11,251 27,397 (16,146)(58.9)%Interest income - securities lending:Capital Markets segment7,007 42,333 (35,326)(83.4)%Sale of goods:Communications segment1,318 1,638 (320)(19.5)%Consumer Products segment49,793 58,391 (8,598)(14.7)%All Other4,137 — 4,137 100.0 %Subtotal55,248 60,029 (4,781)(8.0)%Total revenues$199,305 $363,268 $(163,963)(45.1)%

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n/m - Not applicable or not meaningful. 

Total revenues decreased $164.0 million to $199.3 million during the three months ended September 30, 2024 from $363.3 million during the three months ended September 30, 2023. The decrease in revenues during the three months ended September 30, 2024 was primarily due to decreases in fair value adjustments on loans of $70.6 million, revenues from services and fees of $45.6 million, interest income from securities lending of $35.3 million,  interest income from loans of $16.1 million, and sale of goods of $4.8 million, partially offset by increases in fair value of the portfolio of securities and other investments owned of $8.5 million. Of the $70.6 million decrease in fair value adjustments related to loans, $54.3 million related to the loan to Vintage Capital Management, LLC (“VCM”), and $18.6 million related to the loan to Conn’s Inc. (“Conn’s”), partially offset by fair value gains of $6.0 million related to the loan to Badcock