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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Services and fees $ 230,327 $ 191,662 $ 465,886 $ 394,476
Trading (loss) income and fair value adjustments on loans   (117,763)   (137,041)
Interest income - Loans and securities lending 75,199 63,835 152,385 125,261
Sale of goods   1,887   3,765
Total revenues 406,278 139,621 838,368 386,461
Operating expenses:        
Direct cost of services 55,941 17,785 110,338 29,436
Cost of goods sold   1,994 87,943 4,245
Selling, general and administrative expenses 188,885 167,136 401,512 342,335
Interest expense - Securities lending and loan participations sold 35,780 14,544 68,204 26,310
Total operating expenses 323,284 201,459 670,451 402,326
Operating (loss) income 82,994 (61,838) 167,917 (15,865)
Other income (expense):        
Interest income 701 500 3,275 567
Dividend income 9,555 9,243 22,759 17,104
Realized and unrealized gains (losses) on investments 18,843 (106,164) (9,599) (155,276)
Change in fair value of financial instruments and other 381 4,321 172 10,302
Income from equity method investments 143 (3,399) 133 3,376
Interest expense (47,332) (31,764) (94,893) (62,200)
Income (loss) before income taxes 65,285 (189,101) 89,764 (201,992)
(Provision for) benefit from income taxes (21,504) 52,513 (29,423) 56,208
Net income (loss) 43,781 (136,588) 60,341 (145,784)
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests (2,600) 3,571 (3,195) 4,437
Net income (loss) attributable to B. Riley Financial, Inc. 46,381 (140,159) 63,536 (150,221)
Preferred stock dividends 2,015 2,002 4,027 4,004
Net income (loss) available to common shareholders 44,366 (142,161) 59,509 (154,225)
Net income (loss) available to common shareholders $ 44,366 $ (142,161) $ 59,509 $ (154,225)
Basic (loss) income per common share (in dollars per share) $ 1.57 $ (5.07) $ 2.09 $ (5.52)
Diluted (loss) income per common share (in dollars per share) $ 1.55 $ (5.07) $ 2.05 $ (5.52)
Weighted average basic common shares outstanding (in shares) 28,239,116 28,051,570 28,411,270 27,953,845
Weighted average diluted common shares outstanding (in shares) 28,654,246 28,051,570 29,082,885 27,953,845
As Previously Reported | Dividend Income and Investment Gain (Loss) Classification Error        
Revenues:        
Services and fees   $ 200,905   $ 411,580
Trading (loss) income and fair value adjustments on loans   (223,927)   (292,317)
Interest income - Loans and securities lending   63,835   125,261
Sale of goods   1,887   3,765
Total revenues   42,700   248,289
Operating expenses:        
Direct cost of services   17,785   29,436
Cost of goods sold   1,994   4,245
Selling, general and administrative expenses   167,136   342,335
Interest expense - Securities lending and loan participations sold   14,544   26,310
Total operating expenses   201,459   402,326
Operating (loss) income   (158,759)   (154,037)
Other income (expense):        
Interest income   500   567
Dividend income   0   0
Realized and unrealized gains (losses) on investments   0   0
Change in fair value of financial instruments and other   4,321   10,302
Income from equity method investments   (3,399)   3,376
Interest expense   (31,764)   (62,200)
Income (loss) before income taxes   (189,101)   (201,992)
(Provision for) benefit from income taxes   52,513   56,208
Net income (loss)   (136,588)   (145,784)
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests   3,571   4,437
Net income (loss) attributable to B. Riley Financial, Inc.   (140,159)   (150,221)
Preferred stock dividends   2,002   4,004
Net income (loss) available to common shareholders   (142,161)   (154,225)
Net income (loss) available to common shareholders   $ (142,161)   $ (154,225)
Basic (loss) income per common share (in dollars per share)   $ (5.07)   $ (5.52)
Diluted (loss) income per common share (in dollars per share)   $ (5.07)   $ (5.52)
Weighted average basic common shares outstanding (in shares)   28,051,570   27,953,845
Weighted average diluted common shares outstanding (in shares)   28,051,570   27,953,845
Restatement Adjustments | Dividend Income and Investment Gain (Loss) Classification Error        
Revenues:        
Services and fees   $ (9,243)   $ (17,104)
Trading (loss) income and fair value adjustments on loans   106,164   155,276
Interest income - Loans and securities lending   0   0
Sale of goods   0   0
Total revenues   96,921   138,172
Operating expenses:        
Direct cost of services   0   0
Cost of goods sold   0   0
Selling, general and administrative expenses   0   0
Interest expense - Securities lending and loan participations sold   0   0
Total operating expenses   0   0
Operating (loss) income   96,921   138,172
Other income (expense):        
Interest income   0   0
Dividend income   9,243   17,104
Realized and unrealized gains (losses) on investments   (106,164)   (155,276)
Change in fair value of financial instruments and other   0   0
Income from equity method investments   0   0
Interest expense   0   0
Income (loss) before income taxes   0   0
(Provision for) benefit from income taxes   0   0
Net income (loss)   0   0
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests   0   0
Net income (loss) attributable to B. Riley Financial, Inc.   0   0
Preferred stock dividends   0   0
Net income (loss) available to common shareholders   0   0
Net income (loss) available to common shareholders   $ 0   $ 0