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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:    
Cash and cash equivalents $ 107,581 $ 268,618
Restricted cash 2,321 2,308
Due from clearing brokers 22,289 48,737
Securities and other investments owned, at fair value 1,072,444 1,129,268
Securities borrowed 2,938,521 2,343,327
Accounts receivable, net 118,927 149,110
Loans receivable, at fair value (includes $130,024 and $98,729 from related parties as of June 30, 2023 and December 31, 2022, respectively) 683,827 701,652
Prepaid expenses and other assets 309,083 460,696
Operating lease right-of-use assets 85,207 88,593
Property and equipment, net 28,443 27,141
Goodwill 526,827 512,595
Other intangible assets, net 354,328 374,098
Deferred income taxes 2,845 3,978
Total assets 6,253,312 6,111,202
Liabilities:    
Accounts payable 60,264 81,384
Accrued expenses and other liabilities 251,260 322,974
Deferred revenue 77,089 85,441
Deferred income taxes 46,624 29,548
Due to clearing brokers 0 19,307
Securities sold not yet purchased 2,686 5,897
Securities loaned 2,929,265 2,334,031
Operating lease liabilities 96,473 99,124
Notes payable 21,298 25,263
Revolving credit facility 110,875 127,678
Term loans, net 529,242 572,079
Senior notes payable, net 1,666,009 1,721,751
Total liabilities 5,791,374 5,426,687
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests in equity of subsidiaries 0 178,622
B. Riley Financial, Inc. equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 and 4,545 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively; and liquidation preference of $114,082 and $113,615 as of June 30, 2023 and December 31, 2022, respectively 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 28,480,870 and 28,523,764 issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 3 3
Additional paid-in capital 452,254 494,201
Accumulated deficit (49,140) (45,220)
Accumulated other comprehensive loss (597) (2,470)
Total B. Riley Financial, Inc. stockholders’ equity 402,520 446,514
Noncontrolling interests 59,418 59,379
Total equity 461,938 505,893
Total liabilities and equity 6,253,312 6,111,202
Related Party    
Assets:    
Due from related parties 669 1,081
Liabilities:    
Due to related parties and partners $ 289 $ 2,210