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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details) - USD ($)
$ / shares in Units, $ 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 income (loss) and fair value adjustments on loans   (6,917)   (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   3,089   7,334
Selling, general and administrative expenses 221,688 163,727 623,200 506,062
Restructuring charge 228 8,016 949 8,016
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 from equity method 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)
Provision for income taxes 15,079 (16,350) (14,344) 39,858
Net (loss) income (76,308) 52,645 (15,967) (93,139)
Net 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 income per common share (in dollars per share) $ (2.53) $ 1.62 $ (0.56) $ (3.86)
Diluted 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
As Previously Reported | Dividend Income and Investment Gain (Loss) Classification Error        
Revenues:        
Services and fees   $ 266,485   $ 678,065
Trading income (loss) and fair value adjustments on loans   12,154   (280,163)
Interest income - Loans and securities lending   57,594   182,855
Sale of goods   4,130   7,895
Total revenues   340,363   588,652
Operating expenses:        
Direct cost of services   44,523   73,959
Cost of goods sold   3,089   7,334
Selling, general and administrative expenses   163,727   506,062
Restructuring charge   8,016   8,016
Interest expense - Securities lending and loan participations sold   17,447   43,757
Total operating expenses   236,802   639,128
Operating income (loss)   103,561   (50,476)
Other income (expense):        
Interest income   686   1,253
Dividend income   0   0
Realized and unrealized gains on investments   0   0
Change in fair value of financial instruments and other   (574)   9,728
Loss from equity method investments   (91)   3,285
Interest expense   (34,587)   (96,787)
(Loss) income before income taxes   68,995   (132,997)
Provision for income taxes   (16,350)   39,858
Net (loss) income   52,645   (93,139)
Net income attributable to noncontrolling interests and redeemable noncontrolling interests   4,808   9,245
Net (loss) income attributable to B. Riley Financial, Inc.   47,837   (102,384)
Preferred stock dividends   2,002   6,006
Net (loss) income available to common shareholders   45,835   (108,390)
Net (loss) income available to common shareholders   $ 45,835   $ (108,390)
Basic income per common share (in dollars per share)   $ 1.62   $ (3.86)
Diluted income per common share (in dollars per share)   $ 1.53   $ (3.86)
Weighted average basic common shares outstanding (in shares)   28,293,064   28,068,160
Weighted average diluted common shares outstanding (in shares)   29,968,417   28,068,160
Restatement Adjustments | Dividend Income and Investment Gain (Loss) Classification Error        
Revenues:        
Services and fees   $ (9,175)   $ (26,279)
Trading income (loss) and fair value adjustments on loans   (19,071)   136,205
Interest income - Loans and securities lending   0   0
Sale of goods   0   0
Total revenues   (28,246)   109,926
Operating expenses:        
Direct cost of services   0   0
Cost of goods sold   0   0
Selling, general and administrative expenses   0   0
Restructuring charge   0   0
Interest expense - Securities lending and loan participations sold   0   0
Total operating expenses   0   0
Operating income (loss)   (28,246)   109,926
Other income (expense):        
Interest income   0   0
Dividend income   9,175   26,279
Realized and unrealized gains on investments   19,071   (136,205)
Change in fair value of financial instruments and other   0   0
Loss from equity method investments   0   0
Interest expense   0   0
(Loss) income before income taxes   0   0
Provision for income taxes   0   0
Net (loss) income   0   0
Net income attributable to noncontrolling interests and redeemable noncontrolling interests   0   0
Net (loss) income attributable to B. Riley Financial, Inc.   0   0
Preferred stock dividends   0   0
Net (loss) income available to common shareholders   0   0
Net (loss) income available to common shareholders   $ 0   $ 0