XML 104 R86.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
BUSINESS SEGMENTS - Schedule of reportable segments (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Segment Reporting Information [Line Items]    
Services and fees $ 257,303 $ 235,559
Trading (loss) income and fair value adjustments on loans (29,868) 51,568
Sale of goods 55,653 67,777
Interest income - Loans and securities lending 59,944 77,186
Total revenues 343,032 432,090
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)
Interest expense - Securities lending and loan participations sold (35,383) (32,424)
Depreciation and amortization (11,137) (13,077)
Restructuring charge (789) (93)
Operating (loss) income (3,429) 84,923
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
Operating Segments    
Segment Reporting Information [Line Items]    
Operating (loss) income 14,936 100,545
All Other    
Segment Reporting Information [Line Items]    
Services and fees 26,059 13,582
Total revenues 26,674 13,582
Direct cost of services (10,851) (6,536)
Corporate and other expenses (33,600) (22,668)
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)
Capital Markets Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 60,347 57,929
Trading (loss) income and fair value adjustments on loans (30,468) 50,296
Interest income - Loans and securities lending 59,944 77,186
Total revenues 89,823 185,411
Selling, general and administrative expenses (53,224) (65,711)
Interest expense - Securities lending and loan participations sold (35,383) (32,424)
Depreciation and amortization (771) (1,256)
Operating (loss) income 445 86,020
Wealth Management Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 51,182 48,542
Trading (loss) income and fair value adjustments on loans 600 1,272
Total revenues 51,782 49,814
Selling, general and administrative expenses (49,048) (47,322)
Depreciation and amortization (1,055) (1,086)
Restructuring charge 0 (33)
Operating (loss) income 1,679 1,373
Auction and Liquidation Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 3,560 5,444
Sale of goods 2,220 216
Total revenues 5,780 5,660
Direct cost of services (1,456) (3,128)
Cost of goods sold (788) (52)
Selling, general and administrative expenses (1,508) (2,280)
Operating (loss) income 2,028 200
Financial Consulting Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 35,085 25,010
Total revenues 35,085 25,010
Selling, general and administrative expenses (28,860) (21,149)
Depreciation and amortization (85) (78)
Operating (loss) income 6,140 3,783
Communications Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 81,070 85,052
Sale of goods 1,296 1,867
Total revenues 82,366 86,919
Direct cost of services (48,819) (44,733)
Cost of goods sold (1,359) (2,168)
Selling, general and administrative expenses (17,918) (22,544)
Depreciation and amortization (5,957) (6,631)
Restructuring charge (263) (60)
Operating (loss) income 8,050 10,783
Communications Segment | All Other    
Segment Reporting Information [Line Items]    
Revenues - Sale of goods 615 0
Total revenues 26,674 13,582
Cost of goods sold (588) 0
Consumer Products Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Sale of goods 51,522 65,694
Total revenues 51,522 65,694
Cost of goods sold (36,880) (45,406)
Selling, general and administrative expenses (15,525) (19,294)
Depreciation and amortization (1,997) (2,608)
Restructuring charge (526) 0
Operating (loss) income $ (3,406) $ (1,614)