Company: RILYN
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001464790-25-000011
Chunk: 248

Company: B. Riley Financial, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 7
Chunk 248
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 income - loans:Capital Markets segment54,141 6.5 %123,244 8.4 %(69,103)(56.1)%Interest income - securities lending:Capital Markets segment70,862 8.5 %161,652 11.0 %(90,790)(56.2)%Sale of goods:Communications segment5,589 0.7 %6,737 0.5 %(1,148)(17.0)%Consumer Products segment202,597 24.2 %233,202 15.9 %(30,605)(13.1)%E-Commerce segment10,646 1.3 %— — %10,646 100.0 %All Other1,787 0.2 %364 — %1,423 n/mSubtotal220,619 26.4 %240,303 16.4 %(19,684)(8.2)%Total revenues$838,597 100.0 %$1,465,777 100.0 %$(627,180)(42.8)%

n/m - Not applicable or not meaningful.

Total revenues decreased approximately $627.2 million to $838.6 million during the year ended December 31, 2024 from $1.5 billion during the year ended December 31, 2023. The decrease in revenues during the year ended December 31, 2024 was primarily due to a decrease in fair value adjustments on loans of $345.7 million, decrease in interest income from securities lending of $90.8 million, higher trading losses of $78.6 million, decrease in interest income from loans of $69.1 million, lower revenue from services and fees of $23.3 million, and lower revenue from sale of goods of $19.7 million. The $345.7 million decrease in fair value adjustments related to loans was primarily driven by unfavorable changes in fair value adjustments of $222.9 million related to the loan to Vintage Capital Management, LLC, $72.2 million related to the loan to Conn’s, $26.2 million related to Core Scientific, Inc., $13.9 million related to the loan to Freedom VCM, and the remaining 

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decrease in fair value adjustments of $10.5 million related to other loans. The decrease in revenue from services and fees of $23.