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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and cash equivalents $ 231,964 $ 268,618
Restricted cash 1,875 2,308
Due from clearing brokers 51,334 48,737
Securities and other investments owned, at fair value 1,092,106 1,129,268
Securities borrowed 2,870,939 2,343,327
Accounts receivable, net of allowance for credit losses of $7,339 and $3,664 as of December 31, 2023 and 2022, respectively 115,496 149,110
Due from related parties 172 1,081
Loans receivable, at fair value (includes $387,657 and $98,729 from related parties as of December 31, 2023 and 2022, respectively) 532,419 701,652
Prepaid expenses and other assets 237,327 460,696
Operating lease right-of-use assets 87,605 88,593
Property and equipment, net 25,206 27,141
Goodwill 472,326 512,595
Other intangible assets, net 322,014 374,098
Deferred income taxes 33,595 3,978
Total assets 6,074,378 6,111,202
Liabilities:    
Accounts payable 44,550 81,384
Accrued expenses and other liabilities 273,193 322,974
Deferred revenue 71,504 85,441
Deferred income taxes 0 29,548
Other liabilities 2,731 2,210
Due to clearing brokers 0 19,307
Securities sold not yet purchased 8,601 5,897
Securities loaned 2,859,306 2,334,031
Operating lease liabilities 98,563 99,124
Notes payable 19,391 25,263
Revolving credit facility 43,801 127,678
Term loans, net 625,151 572,079
Senior notes payable, net 1,668,021 1,721,751
Total liabilities 5,714,812 5,426,687
Commitments and contingencies (Note 18)
Redeemable noncontrolling interests in equity of subsidiaries 0 178,622
B. Riley Financial, Inc. stockholders’ equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 and 4,545 shares issued and outstanding as of December 31, 2023 and 2022, respectively; and liquidation preference of $114,082 and $113,615 as of December 31, 2023 and 2022, respectively. 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 29,937,067 and 28,523,764 shares issued and outstanding as of December 31, 2023 and 2022, respectively. 3 3
Additional paid-in capital 572,170 494,201
Accumulated deficit (281,285) (45,220)
Accumulated other comprehensive loss 229 (2,470)
Total B. Riley Financial, Inc. stockholders’ equity 291,117 446,514
Noncontrolling interests 68,449 59,379
Total equity 359,566 505,893
Total liabilities and equity $ 6,074,378 $ 6,111,202