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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 236,895 $ 231,964
Restricted cash 1,728 1,875
Due from clearing brokers 40,911 51,334
Securities and other investments owned, at fair value 664,070 1,092,106
Securities borrowed 742,940 2,870,939
Accounts receivable, net 115,681 115,496
Due from related parties 905 172
Loans receivable, at fair value (includes $171,748 and $378,768 from related parties as of June 30, 2024 and December 31, 2023, respectively) 229,199 532,419
Prepaid expenses and other assets (includes $24,579 and $11,802 from related parties as of June 30, 2024 and December 31, 2023, respectively) 221,464 237,327
Operating lease right-of-use assets 83,763 87,605
Property and equipment, net 44,689 25,206
Goodwill 502,341 472,326
Other intangible assets, net 319,320 322,014
Deferred income taxes 32,376 33,595
Total assets 3,236,282 6,074,378
Liabilities:    
Accounts payable 58,932 44,550
Accrued expenses and other liabilities 259,916 273,193
Deferred revenue 65,421 71,504
Due to related parties and partners 2,067 2,731
Securities sold not yet purchased 4,765 8,601
Securities loaned 733,552 2,859,306
Operating lease liabilities 94,924 98,563
Notes payable 30,039 19,391
Revolving credit facility 19,809 43,801
Term loans, net 581,395 625,151
Senior notes payable, net 1,528,565 1,668,021
Total liabilities 3,379,385 5,714,812
Commitments and contingencies (Note 16)
B. Riley Financial, Inc. equity (deficit):    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively; and liquidation preference of $114,082 as of June 30, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 30,499,931 and 29,937,067 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 3 3
Additional paid-in capital 585,493 572,170
Accumulated deficit (798,945) (281,285)
Accumulated other comprehensive (loss) income (4,887) 229
Total B. Riley Financial, Inc. stockholders’ equity (deficit) (218,336) 291,117
Noncontrolling interests 75,233 68,449
Total equity (deficit) (143,103) 359,566
Total liabilities and equity (deficit) $ 3,236,282 $ 6,074,378