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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Services and fees $ 257,303 $ 235,559
Trading (loss) income and fair value adjustments on loans (29,868) 51,568
Interest income - Loans and securities lending 59,944 77,186
Sale of goods 55,653 67,777
Total revenues 343,032 432,090
Operating expenses:    
Direct cost of services 61,126 54,397
Cost of goods sold 39,615 47,626
Selling, general and administrative expenses 209,548 212,627
Restructuring charge 789 93
Interest expense - Securities lending and loan participations sold 35,383 32,424
Total operating expenses 346,461 347,167
Operating (loss) income (3,429) 84,923
Other income (expense):    
Interest income 669 2,574
Dividend income 11,815 13,204
Realized and unrealized losses on investments (29,545) (28,442)
Change in fair value of financial instruments and other 314 (209)
Loss from equity investments (4) (10)
Interest expense (44,864) (47,561)
(Loss) income before income taxes (65,044) 24,479
Benefit from (provision for) income taxes (17,090) 7,919
Net (loss) income (47,954) 16,560
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests 1,211 (595)
Net (loss) income attributable to B. Riley Financial, Inc. (49,165) 17,155
Preferred stock dividends 2,015 2,012
Net (loss) income available to common shareholders (51,180) 15,143
Net (loss) income available to common shareholders $ (51,180) $ 15,143
Basic (loss) income per common share (in dollars per share) $ (1.71) $ 0.53
Diluted (loss) income per common share (in dollars per share) $ (1.71) $ 0.51
Weighted average basic common shares outstanding (in shares) 29,989,584 28,585,337
Weighted average diluted common shares outstanding (in shares) 29,989,584 29,513,435