Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 336

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 336
---
 extent an event of default has occurred.(2)Includes the amount of cash collateral held/posted.The following table presents the contract value of securities lending transactions accounted for as secured borrowings by the type of collateral provided to counterparties as of June 30, 2025 and December 31, 2024: June 30, 2025December 31, 2024Remaining contractual maturityRemaining contractual maturityOvernight and continuousTotalOvernight and continuousTotalSecurities lending transactionsCorporate securities - fixed income$282 $282 $310 $310 Equity securities72,038 72,038 42,712 42,712 Total borrowings$72,320 $72,320 $43,022 $43,022 

43

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 $1,968 and $23,313 during the three months ended June 30, 2025 and 2024, respectively. Interest expense from securities lending activities is incurred from equity and fixed income securities that are loaned to the Company and totaled $2,687 and $58,696 during the six months ended June 30, 2025 and 2024, respectively.

NOTE 7 — ACCOUNTS RECEIVABLE

The components of accounts receivable, net, from revenue from contracts with customers include the following: June 30,2025December 31,2024Accounts receivable$53,752 $62,745 Investment banking fees, commissions and other receivables13,503 12,008 Total accounts receivable67,255 74,753 Allowance for credit losses(6,022)(6,100)Accounts receivable, net$61