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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 154,877 $ 222,690
Restricted cash 100,475 1,875
Due from clearing brokers 30,713 51,334
Securities and other investments owned, at fair value 282,325 809,049
Securities borrowed 43,022 2,870,939
Accounts receivable, net of allowance for credit losses of $10,073 and $7,175 as of December 31, 2024 and 2023, respectively 88,384 101,036
Due from related parties 162 172
Loans receivable, at fair value (includes $51,902 and $378,768 from related parties as of December 31, 2024 and 2023, respectively) 90,103 532,419
Prepaid expenses and other assets (includes $3,449 and $11,802 from related parties as of December 31, 2024 and 2023, respectively) 252,344 241,862
Operating lease right-of-use assets 53,767 87,167
Property and equipment, net 18,954 25,206
Goodwill 423,136 466,638
Other intangible assets, net 146,885 198,245
Deferred income taxes 13,393 33,631
Total assets 1,783,263 6,080,604
Liabilities:    
Accounts payable 52,564 43,992
Accrued expenses and other liabilities 203,196 252,876
Deferred revenue 58,153 70,575
Deferred income taxes 5,462 0
Due to related parties and partners 3,404 2,480
Securities sold not yet purchased 5,675 8,601
Securities loaned 27,942 2,859,306
Operating lease liabilities 61,038 98,088
Notes payable 28,021 19,391
Loan participations sold 6,000 0
Revolving credit facility 16,329 43,801
Term loans, net 199,429 625,151
Senior notes payable, net 1,530,561 1,668,021
Liabilities held for sale (Note 4) 41,505 0
Total liabilities 2,239,279 5,721,038
Commitments and contingencies (Note 19)
B. Riley Financial, Inc. stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 shares issued and outstanding as of December 31, 2024 and 2023; and liquidation preference of $114,082 as of December 31, 2024 and 2023. 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 30,499,931 and 29,937,067 shares issued and outstanding as of December 31, 2024 and 2023, respectively. 3 3
Additional paid-in capital 589,387 572,170
Accumulated deficit (1,070,996) (281,285)
Accumulated other comprehensive loss (6,569) 229
Total B. Riley Financial, Inc. stockholders’ equity (deficit) (488,175) 291,117
Noncontrolling interests 32,159 68,449
Total equity (deficit) (456,016) 359,566
Total liabilities and equity (deficit) 1,783,263 6,080,604
Disposal Group, Held-for-Sale, Not Discontinued Operations    
Assets:    
Assets held for sale (Note 4) 84,723 0
Liabilities:    
Liabilities held for sale (Note 4) 41,505  
Discontinued Operations, Disposed of by Sale    
Assets:    
Assets of discontinued operations (Note 4) 0 438,341
Liabilities:    
Liabilities of discontinued operations (Note 4) $ 0 $ 28,756