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EARNINGS PER SHARE - Schedule of basic and diluted earnings per share (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
Earnings Per Share [Abstract]        
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)
Weighted average common shares outstanding:        
Basic (in shares) 29,961,068 28,293,064 28,933,546 28,068,160
Effect of dilutive potential common shares:        
Restricted stock units and warrants (in shares)   1,675,353 0 0
Diluted (in shares) 29,961,068 29,968,417 28,933,546 28,068,160
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)