Company: RILYN
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001464790-25-000011
Chunk: 228

Company: B. Riley Financial, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 7
Chunk 228
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 companies in which B. Riley may have significant influence through equity ownership, representation on the board of directors (or similar governing body), or both.

In our Capital Markets segment we have a portfolio of loans receivable that consisted of the following at December 31, 2024 and December 31, 2023 (dollars in thousands):

Fair Value Adjustments on LoansLoans Receivable, at Fair ValueYear EndedDecember 31,Industry or Type of LoanDecember 31,2024December 31,2023202420232022Related Party Loans:Vintage Capital Management, LLCRetail / consumer$2,057 $200,506 $(222,911)$— $— Freedom VCM Receivables, Inc.Consumer receivable portfolio3,913 42,183 (13,874)— — Conn's, Inc.Retail / consumer38,826 104,760 (71,724)494 — W.S. Badcock CorporationConsumer receivable portfolio2,169 20,624 (5,339)(7,940)— Other related party loansServices, Oil & Gas and Industrial4,937 10,695 (14,823)(29,342)(1,603)Total related party51,902 378,768 (328,671)(36,788)(1,603)Exela Technologies, Inc.Technology32,136 50,296 (701)21,028 (20,191)Core Scientific, Inc.Technology— 45,509 8,473 34,696 (34,791)Other loansVarious6,065 57,846 (4,599)1,289 2,251 Total$90,103 $532,419 $(325,498)$20,225 $(54,334)

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The fair value adjustments on loans receivable for the years ended December 31, 2024, 2023 and 2022, were $(325.5) million, $20.2 million, and $(54.3) million, respectively. During the years ended December 31, 2024, 2023 and 2022, fair value adjustments for loans receivable from related parties totaled $(328.7) million, $(36.8) million, and $(1.6) million, respectively. During the years ended December 31, 2024, 2023 and