B. Riley Financial, Inc.
For the period ended Dec 31, 2024. Filed Sep 19, 2025.
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FY2024 · Filed Sep 19, 2025
RILY$3.66-4.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Services and fees (includes $18,575, $6,143 and $12,432 for the years ended December 31, 2024, 2023 and 2022 from related parties, respectively) | $875,480 | $898,750 | $815,951 |
| Trading (loss) income | (57,007) | 21,603 | (148,294) |
| Fair value adjustments on loans (includes $(328,671), $(36,788) and $(1,603) for the years ended December 31, 2024, 2023 and 2022 from related parties, respectively) | (325,498) | 20,225 | (54,334) |
| Interest income - loans (includes $33,186, $26,563 and $7,559 for the years ended December 31, 2024, 2023 and 2022 from related parties, respectively) | 54,141 | 123,244 | 157,669 |
| Interest income - securities lending | 70,862 | 161,652 | 83,144 |
| Sale of goods | 220,619 | 240,303 | 85,347 |
| Total revenues | 838,597 | 1,465,777 | 939,483 |
| Operating expenses: | |||
| Direct cost of services | 213,901 | 214,065 | 118,535 |
| Cost of goods sold | 167,634 | 172,836 | 60,754 |
| Selling, general and administrative expenses | 759,777 | 764,926 | 654,826 |
| Restructuring charge | 1,522 | 2,131 | 9,011 |
| Impairment of goodwill and other intangible assets | 105,373 | 70,333 | — |
| Interest expense - Securities lending and loan participations sold | 66,128 | 145,435 | 66,495 |
| Total operating expenses | 1,314,335 | 1,369,726 | 909,621 |
| Operating (loss) income | (475,738) | 96,051 | 29,862 |
| Other income (expense): | |||
| Interest income | 3,621 | 3,875 | 2,735 |
| Dividend income | 4,462 | 12,747 | 7,851 |
| Realized and unrealized losses on investments | (263,686) | (162,053) | (247,540) |
| Change in fair value of financial instruments and other | 4,614 | (3,998) | 10,188 |
| Gain on bargain purchase | — | 15,903 | — |
| Income (loss) from equity method investments | 31 | (152) | 3,570 |
| Loss on extinguishment of debt | (18,725) | (5,409) | — |
| Interest expense | (133,308) | (156,240) | (141,003) |
| Loss from continuing operations before income taxes | (878,729) | (199,276) | (334,337) |
| (Provision for) benefit from income taxes | (22,125) | 39,115 | 65,252 |
| Loss from continuing operations | (900,854) | (160,161) | (269,085) |
| Income from discontinued operations, net of income taxes | 125,915 | 54,530 | 112,491 |
| Net loss | (774,939) | (105,631) | (156,594) |
| Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests | (10,665) | (5,721) | 3,235 |
| Net loss attributable to B. Riley Financial, Inc. | (764,274) | (99,910) | (159,829) |
| Preferred stock dividends | 8,060 | 8,057 | 8,008 |
| Net loss available to common shareholders | $(772,334) | $(107,967) | $(167,837) |
|---|---|---|---|
| Basic net (loss) income per common share: | |||
| Continuing operations | $(29.67) | $(5.38) | $(9.87) |
| Discontinued operations | $4.21 | $1.69 | $3.92 |
| Basic (loss) income per common share | $(25.46) | $(3.69) | $(5.95) |
| Diluted net (loss) income per common share: | |||
| Continuing operations | $(29.67) | $(5.38) | $(9.87) |
| Discontinued operations | $4.21 | $1.69 | $3.92 |
| Diluted (loss) income per common share | $(25.46) | $(3.69) | $(5.95) |
| Weighted average basic common shares outstanding | 30,336,274 | 29,265,099 | 28,188,530 |
| Weighted average diluted common shares outstanding | 30,336,274 | 29,265,099 | 28,188,530 |
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