Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 1

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 credit facility13,681 43,801 Term loans, net490,650 625,151 Senior notes payable, net1,529,560 1,668,021 Liabilities of discontinued operations (Note 4)19,210 28,756 Total liabilities2,583,498 5,721,038 Commitments and contingencies (Note 17)B. Riley Financial, Inc. equity (deficit):  Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively; and liquidation preference of $114,082 as of September 30, 2024 and December 31, 2023— — Common stock, $0.0001 par value; 100,000,000 shares authorized; 30,499,931 and 29,937,067 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively3 3 Additional paid-in capital588,048 572,170 Accumulated deficit(1,084,728)(281,285)Accumulated other comprehensive (loss) income(906)229 Total B. Riley Financial, Inc. stockholders’ equity (deficit) (497,583)291,117 Noncontrolling interests71,361 68,449 Total equity (deficit) (426,222)359,566 Total liabilities and equity (deficit) $2,157,276 $6,080,604 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of Contents

B. RILEY FINANCIAL, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(Unaudited)

(Dollars in thousands, except share data)

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2024202320242023Revenues:Services and fees (includes $2,227 and $3,831 for the three months ended September 30, 2024 and 2023 and $7,802 and $6,481 for the nine months ended September 30, 2024 and 2023 from related parties, respectively) $198,514 $244,096 $660,946 $