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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Services and fees $ 278,023 $ 257,310 $ 743,909 $ 651,786
Trading (loss) income and fair value adjustments on loans (10,587) (6,917) 83,346 (143,958)
Interest income - Loans and securities lending 69,730 57,594 222,115 182,855
Sale of goods 125,146 4,130 251,310 7,895
Total revenues 462,312 312,117 1,300,680 698,578
Operating expenses:        
Direct cost of services 67,850 44,523 178,188 73,959
Cost of goods sold 78,053 3,089 165,996 7,334
Selling, general and administrative expenses 221,688 163,727 623,200 506,062
Restructuring charge 228 8,016 949 8,016
Impairment of goodwill and tradenames 35,500 0 37,233 0
Interest expense - Securities lending and loan participations sold 38,368 17,447 106,572 43,757
Total operating expenses 441,687 236,802 1,112,138 639,128
Operating income (loss) 20,625 75,315 188,542 59,450
Other income (expense):        
Interest income 180 686 3,455 1,253
Dividend income 12,876 9,175 35,635 26,279
Realized and unrealized gains on investments (75,361) 19,071 (84,960) (136,205)
Change in fair value of financial instruments and other (4,170) (574) (3,998) 9,728
(Loss) income from equity investments (308) (91) (175) 3,285
Interest expense (45,229) (34,587) (140,122) (96,787)
(Loss) income before income taxes (91,387) 68,995 (1,623) (132,997)
Benefit from (provision for) income taxes (15,079) 16,350 14,344 (39,858)
Net (loss) income (76,308) 52,645 (15,967) (93,139)
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests (2,485) 4,808 (5,680) 9,245
Net (loss) income attributable to B. Riley Financial, Inc. (73,823) 47,837 (10,287) (102,384)
Preferred stock dividends 2,015 2,002 6,042 6,006
Net (loss) income available to common shareholders (75,838) 45,835 (16,329) (108,390)
Net (loss) income available to common shareholders $ (75,838) $ 45,835 $ (16,329) $ (108,390)
Basic (loss) income per common share (in dollars per share) $ (2.53) $ 1.62 $ (0.56) $ (3.86)
Diluted (loss) income per common share (in dollars per share) $ (2.53) $ 1.53 $ (0.56) $ (3.86)
Weighted average basic common shares outstanding (in shares) 29,961,068 28,293,064 28,933,546 28,068,160
Weighted average diluted common shares outstanding (in shares) 29,961,068 29,968,417 28,933,546 28,068,160