10-Q Filing

B. RILEY FINANCIAL, INC. CIK: 1464790 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-016479`
Period End Date	20230331
Filing Date	20230508
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	rily-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 60 Cash Flow Statement 116 Stockholders Equity 36 Comprehensive Income 12

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Loans receivable, at fair value	`LoansAndLeasesReceivableRelatedParties`	$97.06M	USD	Point-in-time
Loans receivable, at fair value	`LoansAndLeasesReceivableRelatedParties`	$98.73M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$268.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$209.97M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.31M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.35M	USD	Point-in-time
Due from clearing brokers	`DueFromCorrespondentBrokers`	$19.14M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	4,563.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	4,545.00	shares	Point-in-time
Due from clearing brokers	`DueFromCorrespondentBrokers`	$48.74M	USD	Point-in-time
Securities and other investments owned, at fair value	`SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned`	$1.13B	USD	Point-in-time
Securities and other investments owned, at fair value	`SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned`	$1.05B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	4,545.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	4,563.00	shares	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$113.61M	USD	Point-in-time
Securities borrowed	`SecuritiesBorrowed`	$2.94B	USD	Point-in-time
Securities borrowed	`SecuritiesBorrowed`	$2.34B	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$114.08M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$120.85M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$149.11M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Due from related parties	`DueFromRelatedParties`	$372.00K	USD	Point-in-time
Due from related parties	`DueFromRelatedParties`	$1.08M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	28.14M	shares	Point-in-time
Loans receivable, at fair value (includes $97,062 and $98,729 from related parties as of March 31, 2023 and December 31, 2022, respectively)	`FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss`	$701.65M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	28.52M	shares	Point-in-time
Loans receivable, at fair value (includes $97,062 and $98,729 from related parties as of March 31, 2023 and December 31, 2022, respectively)	`FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss`	$772.09M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$460.70M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	28.52M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	28.14M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$491.87M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$88.59M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$88.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.58M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.14M	USD	Point-in-time
Goodwill	`Goodwill`	$524.00M	USD	Point-in-time
Goodwill	`Goodwill`	$512.60M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$366.06M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$374.10M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$3.98M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.85M	USD	Point-in-time
Total assets	`Assets`	$6.62B	USD	Point-in-time
Total assets	`Assets`	$6.11B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$81.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.97M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$322.97M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$263.33M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$84.02M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$85.44M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$29.55M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$34.27M	USD	Point-in-time
Due to related parties and partners	`DueToRelatedPartiesCurrent`	$431.00K	USD	Point-in-time
Due to related parties and partners	`DueToRelatedPartiesCurrent`	$2.21M	USD	Point-in-time
Due to clearing brokers	`DueToClearingBrokers`	$6.03M	USD	Point-in-time
Due to clearing brokers	`DueToClearingBrokers`	$19.31M	USD	Point-in-time
Securities sold not yet purchased	`SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased`	$7.81M	USD	Point-in-time
Securities sold not yet purchased	`SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased`	$5.90M	USD	Point-in-time
Securities loaned	`SecuritiesLoaned`	$2.94B	USD	Point-in-time
Securities loaned	`SecuritiesLoaned`	$2.33B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$100.08M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$99.12M	USD	Point-in-time
Notes payable	`ConvertibleNotesPayable`	$25.26M	USD	Point-in-time
Notes payable	`ConvertibleNotesPayable`	$19.88M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$139.46M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$127.68M	USD	Point-in-time
Term loans, net	`OtherLongTermDebtNoncurrent`	$626.61M	USD	Point-in-time
Term loans, net	`OtherLongTermDebtNoncurrent`	$572.08M	USD	Point-in-time
Senior notes payable, net	`SeniorLongTermNotes`	$1.72B	USD	Point-in-time
Senior notes payable, net	`SeniorLongTermNotes`	$1.72B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.43B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.00B	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests in equity of subsidiaries	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$178.62M	USD	Point-in-time
Redeemable noncontrolling interests in equity of subsidiaries	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$174.97M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 and 4,545 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively; and liquidation preference of $114,082 and $113,615 as of March 31, 2023 and December 31, 2022, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 and 4,545 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively; and liquidation preference of $114,082 and $113,615 as of March 31, 2023 and December 31, 2022, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 28,135,636 and 28,523,764 issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 28,135,636 and 28,523,764 issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$494.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$445.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.57M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.47M	USD	Point-in-time
Total B. Riley Financial, Inc. stockholders equity	`StockholdersEquity`	$381.19M	USD	Point-in-time
Total B. Riley Financial, Inc. stockholders equity	`StockholdersEquity`	$446.51M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$59.38M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$59.18M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$440.36M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$705.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$700.18M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$505.89M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.62B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.11B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Services and fees	`ServicesAndFeesRevenue`	$202.81M	USD	1 Quarter
Services and fees	`ServicesAndFeesRevenue`	$235.56M	USD	1 Quarter
Trading income (loss) and fair value adjustments on loans	`TradingLossesIncomeAndFairValueAdjustmentsOnLoan`	$-19.28M	USD	1 Quarter
Trading income (loss) and fair value adjustments on loans	`TradingLossesIncomeAndFairValueAdjustmentsOnLoan`	$51.57M	USD	1 Quarter
Interest income - Loans and securities lending	`InterestIncomeLoanAndSecuritiesLending`	$77.19M	USD	1 Quarter
Interest income - Loans and securities lending	`InterestIncomeLoanAndSecuritiesLending`	$61.43M	USD	1 Quarter
Sale of goods	`SaleOfGoods`	$67.78M	USD	1 Quarter
Sale of goods	`SaleOfGoods`	$1.88M	USD	1 Quarter
Total revenues	`Revenues`	$432.09M	USD	1 Quarter
Total revenues	`Revenues`	$246.84M	USD	1 Quarter
Direct cost of services	`DirectCostOfService`	$54.40M	USD	1 Quarter
Direct cost of services	`DirectCostOfService`	$11.65M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$2.25M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$47.63M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$175.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$212.63M	USD	1 Quarter
Restructuring charge	`RestructuringCharges`	$93.00K	USD	1 Quarter
Restructuring charge	`RestructuringCharges`	-	USD	1 Quarter
Interest expense - Securities lending and loan participations sold	`InterestExpenseSecuritiesLending`	$11.77M	USD	1 Quarter
Interest expense - Securities lending and loan participations sold	`InterestExpenseSecuritiesLending`	$32.42M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$200.87M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$347.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$84.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$45.97M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$67.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.57M	USD	1 Quarter
Dividend income	`InvestmentIncomeDividend`	$13.20M	USD	1 Quarter
Dividend income	`InvestmentIncomeDividend`	$7.86M	USD	1 Quarter
Realized and unrealized gains (losses) on investments	`GainLossOnInvestments`	$-49.11M	USD	1 Quarter
Realized and unrealized gains (losses) on investments	`GainLossOnInvestments`	$-28.44M	USD	1 Quarter
Change in fair value of financial instruments and other	`ChangeInFairValueOfFinancialInstrumentsAndOther`	$-209.00K	USD	1 Quarter
Change in fair value of financial instruments and other	`ChangeInFairValueOfFinancialInstrumentsAndOther`	$5.98M	USD	1 Quarter
(Loss) income from equity investments	`IncomeLossFromEquityMethodInvestments`	$6.78M	USD	1 Quarter
(Loss) income from equity investments	`IncomeLossFromEquityMethodInvestments`	$-10.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$47.56M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$30.44M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.48M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.89M	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$7.92M	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$-3.69M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$16.56M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-9.20M	USD	1 Quarter
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-595.00K	USD	1 Quarter
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$866.00K	USD	1 Quarter
Net income (loss) attributable to B. Riley Financial, Inc.	`NetIncomeLoss`	$17.16M	USD	1 Quarter
Net income (loss) attributable to B. Riley Financial, Inc.	`NetIncomeLoss`	$-10.06M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStockCash`	$2.01M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStockCash`	$2.00M	USD	1 Quarter
Net income (loss) available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.14M	USD	1 Quarter
Net income (loss) available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-12.06M	USD	1 Quarter
Net income (loss) available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-12.06M	USD	1 Quarter
Net income (loss) available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$15.14M	USD	1 Quarter
Basic (loss) income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic (loss) income per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.43	USD	1 Quarter
Diluted (loss) income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted (loss) income per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.43	USD	1 Quarter
Weighted average basic common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.86M	shares	1 Quarter
Weighted average basic common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.59M	shares	1 Quarter
Weighted average diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.51M	shares	1 Quarter
Weighted average diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.86M	shares	1 Quarter

Cash Flow Statement 116 line items

Line Item	Tag	Value	Unit	Period
Net of cash acquired	`CashAcquiredFromAcquisition`	$26.08M	USD	1 Quarter
Net of cash acquired	`CashAcquiredFromAcquisition`	$234.00K	USD	1 Quarter
Net income	`ProfitLoss`	$16.56M	USD	1 Quarter
Net income	`ProfitLoss`	$-9.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.85M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.17M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$405.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$13.75M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$17.01M	USD	1 Quarter
Fair value adjustments, non-cash	`FairValueAdjustmentsNoncash`	$-15.82M	USD	1 Quarter
Fair value adjustments, non-cash	`FairValueAdjustmentsNoncash`	$-46.05M	USD	1 Quarter
Non-cash interest and other	`OtherNoncashIncomeExpense`	$1.14M	USD	1 Quarter
Non-cash interest and other	`OtherNoncashIncomeExpense`	$3.60M	USD	1 Quarter
Effect of foreign currency on operations	`ForeignCurrencyTransactionGainLossUnrealized`	$34.00K	USD	1 Quarter
Effect of foreign currency on operations	`ForeignCurrencyTransactionGainLossUnrealized`	$-271.00K	USD	1 Quarter
Loss (income) from equity investments	`IncomeLossFromEquityMethodInvestments`	$6.78M	USD	1 Quarter
Loss (income) from equity investments	`IncomeLossFromEquityMethodInvestments`	$-10.00K	USD	1 Quarter
Dividends from equity investments	`ProceedsFromDividendsReceived`	$774.00K	USD	1 Quarter
Dividends from equity investments	`ProceedsFromDividendsReceived`	$129.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-41.90M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.81M	USD	1 Quarter
Loss on loans receivable and disposal of fixed assets	`IncomeLossOnLoansReceivableAndDisposalOfFixedAssets`	$257.00K	USD	1 Quarter
Loss on loans receivable and disposal of fixed assets	`IncomeLossOnLoansReceivableAndDisposalOfFixedAssets`	$5.00K	USD	1 Quarter
Gain on extinguishment of loan	`GainOnExtinguishmentOfLoans`	$1.10M	USD	1 Quarter
Gain on extinguishment of loan	`GainOnExtinguishmentOfLoans`	-	USD	1 Quarter
Income allocated and fair value adjustment for mandatorily redeemable noncontrolling interests	`IncomeAllocatedAndFairValueAdjustmentForMandatorilyRedeemableNoncontrollingInterests`	$308.00K	USD	1 Quarter
Income allocated and fair value adjustment for mandatorily redeemable noncontrolling interests	`IncomeAllocatedAndFairValueAdjustmentForMandatorilyRedeemableNoncontrollingInterests`	$215.00K	USD	1 Quarter
Amounts due to/from clearing brokers	`IncreaseDecreaseInBrokerageReceivables`	$80.09M	USD	1 Quarter
Amounts due to/from clearing brokers	`IncreaseDecreaseInBrokerageReceivables`	$-16.32M	USD	1 Quarter
Securities and other investments owned	`IncreaseDecreaseInSecuritiesAndOtherInvestmentsOwned`	$-95.04M	USD	1 Quarter
Securities and other investments owned	`IncreaseDecreaseInSecuritiesAndOtherInvestmentsOwned`	$-215.97M	USD	1 Quarter
Securities borrowed	`IncreaseDecreaseInSecuritiesBorrowed`	$599.52M	USD	1 Quarter
Securities borrowed	`IncreaseDecreaseInSecuritiesBorrowed`	$-461.19M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.08M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.36M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.70M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$25.70M	USD	1 Quarter
Accounts payable, accrued payroll and related expenses, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-82.96M	USD	1 Quarter
Accounts payable, accrued payroll and related expenses, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-67.54M	USD	1 Quarter
Amounts due to/from related parties and partners	`IncreaseDecreaseInDueFromRelatedParties`	$-594.00K	USD	1 Quarter
Amounts due to/from related parties and partners	`IncreaseDecreaseInDueFromRelatedParties`	$1.07M	USD	1 Quarter
Securities sold, not yet purchased	`IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased`	$1.91M	USD	1 Quarter
Securities sold, not yet purchased	`IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased`	$-21.12M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.92M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.75M	USD	1 Quarter
Securities loaned	`IncreaseDecreaseInSecuritiesLoanedTransactions`	$-469.55M	USD	1 Quarter
Securities loaned	`IncreaseDecreaseInSecuritiesLoanedTransactions`	$603.95M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.90M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$52.62M	USD	1 Quarter
Purchases of loans receivable	`PaymentsToAcquireLoansReceivable`	$93.85M	USD	1 Quarter
Purchases of loans receivable	`PaymentsToAcquireLoansReceivable`	$311.97M	USD	1 Quarter
Repayments of loans receivable	`RepaymentsOfLoansReceivable`	$-260.59M	USD	1 Quarter
Repayments of loans receivable	`RepaymentsOfLoansReceivable`	$-101.00M	USD	1 Quarter
Sale of loan receivable	`ProceedsFromSaleOfLoansReceivable`	-	USD	1 Quarter
Sale of loan receivable	`ProceedsFromSaleOfLoansReceivable`	$7.50M	USD	1 Quarter
Acquisition of businesses and minority interest, net of $234 and $26,076 cash acquired for 2023 and 2022, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$40.05M	USD	1 Quarter
Acquisition of businesses and minority interest, net of $234 and $26,076 cash acquired for 2023 and 2022, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$12.29M	USD	1 Quarter
Purchases of property, equipment and intangible assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$176.00K	USD	1 Quarter
Purchases of property, equipment and intangible assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.70M	USD	1 Quarter
Proceeds from sale of property, equipment, intangible assets, and other	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$1.36M	USD	1 Quarter
Proceeds from sale of property, equipment, intangible assets, and other	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Purchase of equity and other investments	`PaymentsToAcquireEquityMethodInvestmentsAndOtherInvestments`	$662.00K	USD	1 Quarter
Purchase of equity and other investments	`PaymentsToAcquireEquityMethodInvestmentsAndOtherInvestments`	$2.44M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.51M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.16M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$29.02M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Repayment of revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$17.24M	USD	1 Quarter
Repayment of revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$11.51M	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$357.00K	USD	1 Quarter
Repayment of term loan	`RepaymentsOfBankDebt`	$4.12M	USD	1 Quarter
Repayment of term loan	`RepaymentsOfBankDebt`	$72.92M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromBankDebt`	-	USD	1 Quarter
Proceeds from term loan	`ProceedsFromBankDebt`	$128.19M	USD	1 Quarter
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$20.04M	USD	1 Quarter
Payment of debt issuance and offering costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payment of debt issuance and offering costs	`PaymentsOfDebtIssuanceCosts`	$1.96M	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.30M	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$181.00K	USD	1 Quarter
Payment of employment taxes on vesting of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.82M	USD	1 Quarter
Payment of employment taxes on vesting of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.29M	USD	1 Quarter
Common dividends paid	`PaymentsOfDividendsCommonStock`	$27.89M	USD	1 Quarter
Common dividends paid	`PaymentsOfDividendsCommonStock`	$46.86M	USD	1 Quarter
Preferred dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$2.01M	USD	1 Quarter
Preferred dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$2.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$53.80M	USD	1 Quarter
Distribution to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$1.02M	USD	1 Quarter
Distribution to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$1.05M	USD	1 Quarter
Contribution from noncontrolling interests	`ProceedsFromMinorityShareholders`	$431.00K	USD	1 Quarter
Contribution from noncontrolling interests	`ProceedsFromMinorityShareholders`	$1.77M	USD	1 Quarter
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$639.00K	USD	1 Quarter
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$467.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.44M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.34M	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-59.88M	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-64.85M	USD	1 Quarter
Effect of foreign currency on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	1 Quarter
Effect of foreign currency on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-496.00K	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-65.35M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-58.60M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.93M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$279.86M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$212.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.93M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$279.86M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$212.32M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$81.42M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$38.27M	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	$73.00K	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	$2.93M	USD	1 Quarter

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Dividends on common stock per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.00	USD	1 Quarter
Dividends on common stock per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.00	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$440.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$705.20M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$700.18M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$505.89M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	28.52M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	28.14M	shares	Point-in-time
Preferred stock issued	`StockIssuedDuringPeriodValueNewIssues`	$639.00K	USD	1 Quarter
Preferred stock issued	`StockIssuedDuringPeriodValueNewIssues`	$467.00K	USD	1 Quarter
Vesting of restricted stock and other, net of shares withheld for employer taxes	`RestrictedStockAndOtherValueIssuedNetOfSharesForTaxWithholdings`	$1.29M	USD	1 Quarter
Vesting of restricted stock and other, net of shares withheld for employer taxes	`RestrictedStockAndOtherValueIssuedNetOfSharesForTaxWithholdings`	$4.82M	USD	1 Quarter
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$53.80M	USD	1 Quarter
Shares issued for the acquisition of a business	`StockIssuedDuringPeriodValueAcquisitions`	$2.11M	USD	1 Quarter
Remeasurement of Lingo redeemable minority interest	`AdjustmentsToAdditionalPaidInCapitalRemeasurementOfRedeemableMinorityInterest`	$6.48M	USD	1 Quarter
Share based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.68M	USD	1 Quarter
Share based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.01M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$31.03M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$31.29M	USD	1 Quarter
Dividends on preferred stock	`DividendsPreferredStock`	$2.00M	USD	1 Quarter
Dividends on preferred stock	`DividendsPreferredStock`	$2.01M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholders`	$-9.20M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholders`	$16.71M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$720.00K	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$935.00K	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable`	$-431.00K	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable`	$-1.77M	USD	1 Quarter
Remeasurement of B. Riley Principal 250 Merger Corporation subsidiary temporary equity	`RemeasurementOfTemporaryEquity`	$1.20M	USD	1 Quarter
Acquisition of noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$538.00K	USD	1 Quarter
Acquisition of noncontrolling interests	`NoncontrollingInterestIncreaseFromBusinessCombination`	$182.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$866.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-488.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$440.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$705.20M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$700.18M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$505.89M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$16.56M	USD	1 Quarter
Net income	`ProfitLoss`	$-9.20M	USD	1 Quarter
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$488.00K	USD	1 Quarter
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-866.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$866.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-488.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$17.43M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-9.68M	USD	1 Quarter
Comprehensive (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-449.00K	USD	1 Quarter
Comprehensive (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$866.00K	USD	1 Quarter
Comprehensive income (loss) attributable to B. Riley Financial, Inc.	`ComprehensiveIncomeNetOfTax`	$-10.55M	USD	1 Quarter
Comprehensive income (loss) attributable to B. Riley Financial, Inc.	`ComprehensiveIncomeNetOfTax`	$17.88M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.