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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Cash and cash equivalents $ 252,288 $ 268,618
Restricted cash 2,060 2,308
Due from clearing brokers 25,579 48,737
Securities and other investments owned, at fair value 1,197,587 1,129,268
Securities borrowed 2,782,000 2,343,327
Accounts receivable, net 127,418 149,110
Due from related parties 395 1,081
Loans receivable, at fair value (includes $192,828 and $98,729 from related parties as of September 30, 2023 and December 31, 2022, respectively) 549,142 701,652
Prepaid expenses and other assets 265,531 460,696
Operating lease right-of-use assets 82,245 88,593
Property and equipment, net 24,774 27,141
Goodwill 497,388 512,595
Other intangible assets, net 333,641 374,098
Deferred income taxes 2,808 3,978
Total assets 6,142,856 6,111,202
Liabilities:    
Accounts payable 54,030 81,384
Accrued expenses and other liabilities 303,428 322,974
Deferred revenue 73,829 85,441
Deferred income taxes 6,677 29,548
Due to related parties and partners 289 2,210
Due to clearing brokers 0 19,307
Securities sold not yet purchased 7,120 5,897
Securities loaned 2,772,790 2,334,031
Operating lease liabilities 93,027 99,124
Notes payable 21,300 25,263
Revolving credit facility 57,246 127,678
Term loans, net 618,301 572,079
Senior notes payable, net 1,667,088 1,721,751
Total liabilities 5,675,125 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 September 30, 2023 and December 31, 2022, respectively; and liquidation preference of $114,082 and $113,615 as of September 30, 2023 and December 31, 2022, respectively 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 30,582,729 and 28,523,764 issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 3 3
Additional paid-in capital 576,947 494,201
Accumulated deficit (157,693) (45,220)
Accumulated other comprehensive loss (5,476) (2,470)
Total B. Riley Financial, Inc. stockholders’ equity 413,781 446,514
Noncontrolling interests 53,950 59,379
Total equity 467,731 505,893
Total liabilities and equity $ 6,142,856 $ 6,111,202