Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 130

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 130
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 thousands)

78

Three Months Ended September 30,Change20242023Amount%Revenues:Services and fees$198,514 $244,096 $(45,582)(18.7)%Trading loss(1,238)(9,727)8,489 (87.3)%Fair value adjustments on loans(71,477)(860)(70,617)n/mInterest income - loans11,251 27,397 (16,146)(58.9)%Interest income - securities lending7,007 42,333 (35,326)(83.4)%Sale of goods55,248 60,029 (4,781)(8.0)%Total revenues199,305 363,268 (163,963)(45.1)%Operating expenses:Direct cost of services49,659 52,616 (2,957)(5.6)%Cost of goods sold40,312 42,217 (1,905)(4.5)%Selling, general and administrative expenses184,605 202,321 (17,716)(8.8)%Restructuring charge116 228 (112)(49.1)%Impairment of goodwill and tradenames— 35,500 (35,500)(100.0)%Interest expense - Securities lending and loan participations sold6,359 38,368 (32,009)(83.4)%Total operating expenses281,051 371,250 (90,199)(24.3)%Operating loss(81,746)(7,982)(73,764)n/mOther income (expense):Interest income1,438 180 1,258 n/mDividend income675 3,373 (2,698)(80.0)%Realized and unrealized losses on investments(22,197)(77,287)55,090 (71.3)%Change in fair value of financial instruments and other476 (4,170)4,646 (111.4)%Income (loss) from equity investments6 (308)314 (101.9)%Interest expense(32,996)(37,493)4,497 (12.0)%Loss from continuing operations before income taxes(134,344)(123,687)(10,657)8.6 %(Provision for) benefit from income taxes(14,508)23,638 (38,146)(161.4)%Loss from continuing