Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 305

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 305
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84,367 Cost of revenues$10,223 $20,515 Net income (loss) attributable to investees$2,341 $(32,660)As of June 30, 2025 and December 31, 2024, the fair value of the equity investment in Synchronoss was $1,970 and $7,200, respectively. These amounts are included in “Securities and other investments owned, at fair value” line item in the accompanying unaudited condensed consolidated balance sheets.Other Equity InvestmentsAs of June 30, 2025, the Company had other equity investments where the Company is considered to have the ability to exercise influence since the Company has representation on the board of directors or the Company is presumed to have the ability to exercise significant influence since the investment is more than minor, and the limited liability company is required to maintain specific ownership accounts for each member. The Company has elected to account for these equity investments under the fair value option. These equity investments are comprised of equity investments in three private companies as of June 30, 2025 and five as of December 31, 2024 and June 30, 2024. The following table contains summarized financial information for these companies, included below for purposes of the disclosure a quarter in arrears (balance sheet amounts as of March 31, 2025 and September 30, 2024 correspond to amounts as of June 30, 2025 and December 31, 2024, respectively, of the Company; income statement amounts during the three and six months ended March 31, 2025 and 2024 correspond to amounts during the three and six months ended 

22

June 30, 2025 and 2024, respectively, of the Company), which is the period in which the most recent financial information is available:March 31, 2025September 30, 2024Current assets$20,514 $215,927 Noncurrent assets$129,902 $572,628 Current liabilities$18,797 $86,672 Noncurrent liabilities$70,553 $105,711 Equity attributable to investee$61,066 $596,172 For the Three Months Ended March 31,For the Six Months Ended March 31,2025202420252024Revenues$18,500 $109,929 $30,223 $255,903 Cost of revenues$2,