Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 277

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 8
Chunk 277
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2024Remaining contractual maturityRemaining contractual maturityOvernight and continuousTotalOvernight and continuousTotalSecurities lending transactionsCorporate securities - fixed income$252 $252 $310 $310 Equity securities40,643 40,643 42,712 42,712 Total borrowings$40,895 $40,895 $43,022 $43,022 The Company's securities lending transactions require us to pledge collateral based on the terms of each contract which is generally denominated in U.S. dollars and marked to market on a daily basis. If the fair value of the collateral pledged for these transactions declines, the Company could be required to provide additional collateral to the counterparty, therefore decreasing the amount of assets available for other liquidity needs that may arise. The Company's liquidity risk is mitigated by maintaining offsetting securities borrowed transactions in which the Company receives cash from the counterparty which, in general, is equal to or greater than the cash the Company posts on securities lending transactions.Interest expense from securities lending activities is included in operating expenses related to operations in the Capital Markets segment. Interest expense from securities lending activities is incurred from equity and fixed income securities that are loaned to the Company and totaled $719 and $35,383 during the three months ended March 31, 2025 and 2024, respectively.

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NOTE 6 — ACCOUNTS RECEIVABLE

The components of accounts receivable, net, from revenue from contracts with customers include the following:March 31,2025December 31,2024Accounts receivable$56,125 $62,745 Investment banking fees, commissions and other receivables10,815 12,008 Total accounts receivable66,940 74,753 Allowance for credit losses(5,343)(6,100)Accounts receivable, net$61,597 $68,653 Additions and changes to the allowance for credit losses consist of the following:Three Months EndedMarch 31,20252024Balance, beginning of period$6,100 $4,373 Changes to reserve783 (328)Other adjustments and write-offs(1,523)(583)Recoveries(17)— Balance, end of period$5,343 $3,462 

NOTE 7 — PREPAID EXPENSES AND OTHER ASSETS

Prepaid expenses and other assets consist of the following:March 31,2025December