XML 20 R2.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 190,690 $ 231,964
Restricted cash 1,889 1,875
Due from clearing brokers 40,875 51,334
Securities and other investments owned, at fair value 949,868 1,092,106
Securities borrowed 2,050,079 2,870,939
Accounts receivable, net 123,797 115,496
Due from related parties 92 172
Loans receivable, at fair value (includes $355,287 and $387,657 from related parties as of March 31, 2024 and December 31, 2023, respectively) 452,496 532,419
Prepaid expenses and other assets 246,402 237,327
Operating lease right-of-use assets 84,217 87,605
Property and equipment, net 24,146 25,206
Goodwill 471,636 472,326
Other intangible assets, net 311,850 322,014
Deferred income taxes 49,607 33,595
Total assets 4,997,644 6,074,378
Liabilities:    
Accounts payable 44,791 44,550
Accrued expenses and other liabilities 253,153 273,193
Deferred revenue 68,643 71,504
Due to related parties and partners 1,763 2,731
Securities sold not yet purchased 6,423 8,601
Securities loaned 2,041,169 2,859,306
Operating lease liabilities 95,645 98,563
Notes payable 14,325 19,391
Revolving credit facility 22,197 43,801
Term loans, net 596,262 625,151
Senior notes payable, net 1,553,616 1,668,021
Total liabilities 4,697,987 5,714,812
Commitments and contingencies (Note 16)
B. Riley Financial, Inc. equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 shares issued and outstanding as of March 31, 2024 and December 31, 2023; and liquidation preference of $114,082 as of March 31, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 30,095,303 and 29,937,067 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 3 3
Additional paid-in capital 579,647 572,170
Accumulated deficit (347,558) (281,285)
Accumulated other comprehensive (loss) income (3,643) 229
Total B. Riley Financial, Inc. stockholders’ equity 228,449 291,117
Noncontrolling interests 71,208 68,449
Total equity 299,657 359,566
Total liabilities and equity $ 4,997,644 $ 6,074,378