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BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

The following is a summary of certain financial data for each of the Company’s reportable segments:

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Capital Markets segment:
Revenues - Services and fees			$	50,242					$	44,961					$	110,589					$	102,890
Trading (loss) income			(32,612)						32,685						(50,879)						39,705
Fair value adjustments on loans			(175,582)						9,207						(187,783)						52,483
Interest income - loans			18,508						35,126						40,643						75,138
Interest income - securities lending			24,798						40,073						62,607						77,247
Total revenues			(114,646)						162,052						(24,823)						347,463
Selling, general and administrative expenses			(49,806)						(45,870)						(103,030)						(111,581)
Impairment of tradenames			—						(1,733)						—						(1,733)
Interest expense - Securities lending and loan participations sold			(23,313)						(35,780)						(58,696)						(68,204)
Depreciation and amortization			(745)						(993)						(1,516)						(2,249)
Segment (loss) income			(188,510)						77,676						(188,065)						163,696
Wealth Management segment:
Revenues - Services and fees			49,582						47,243						100,764						95,785
Trading income			1,291						473						1,891						1,745
Total revenues			50,873						47,716						102,655						97,530
Selling, general and administrative expenses			(48,157)						(47,964)						(97,205)						(95,286)
Restructuring charge			—						(28)						—						(61)
Depreciation and amortization			(1,048)						(1,082)						(2,103)						(2,168)
Segment income (loss)			1,668						(1,358)						3,347						15
Auction and Liquidation segment:
Revenues - Services and fees			3,621						8,885						7,181						14,329
Revenues - Sale of goods			8,364						1,676						10,584						1,892
Total revenues			11,985						10,561						17,765						16,221
Direct cost of services			(2,872)						(3,453)						(4,328)						(6,581)
Cost of goods sold			(6,960)						(618)						(7,748)						(670)
Selling, general and administrative expenses			(1,861)						(2,302)						(3,369)						(4,582)
Segment income			292						4,188						2,320						4,388
Financial Consulting segment:
Revenues - Services and fees			36,533						31,212						71,618						56,222
Selling, general and administrative expenses			(28,584)						(22,791)						(57,444)						(43,940)
Depreciation and amortization			(83)						(103)						(168)						(181)
Segment income			7,866						8,318						14,006						12,101
Communications segment:
Revenues - Services and fees			77,744						83,316						158,814						168,368
Revenues - Sale of goods			1,465						1,640						2,761						3,507
Total revenues			79,209						84,956						161,575						171,875

Direct cost of services			(46,274)						(46,085)						(95,093)						(90,818)
Cost of goods sold			(1,614)						(2,046)						(2,973)						(4,214)
Selling, general and administrative expenses			(19,553)						(20,241)						(37,471)						(42,785)
Restructuring charge			—						(197)						(263)						(257)
Depreciation and amortization			(5,925)						(6,405)						(11,882)						(13,036)
Segment income			5,843						9,982						13,893						20,765
Consumer Products segment:
Revenues - Sale of goods			51,424						55,071						102,946						120,765
Cost of goods sold			(35,984)						(37,653)						(72,864)						(83,059)
Selling, general and administrative expenses			(15,118)						(16,482)						(30,643)						(35,776)
Depreciation and amortization			(1,931)						(2,581)						(3,928)						(5,189)
Restructuring charge			(20)						(403)						(546)						(403)
Impairment of goodwill and tradenames			(27,681)						—						(27,681)						—
Segment loss			(29,310)						(2,048)						(32,716)						(3,662)
Consolidated operating (loss) income from reportable segments			(202,151)						96,758						(187,215)						197,303
All Other:
Revenues - Services and fees			30,303						14,710						56,362						28,292
Revenues - Sale of goods			2,684						—						3,299						—
Total revenues			32,987						14,710						59,661						28,292
Direct cost of services			(12,405)						(6,403)						(23,256)						(12,939)
Cost of goods sold			(2,160)						—						(2,748)						—
Corporate and other expenses			(36,527)						(22,071)						(70,127)						(44,739)
Interest income			804						701						1,473						3,275
Dividend income			9,209						9,555						21,024						22,759
Realized and unrealized (losses) gains on investments			(155,690)						18,843						(185,235)						(9,599)
Change in fair value of financial instruments and other			(163)						381						151						172
Income from equity investments			10						143						6						133
Interest expense			(42,687)						(47,332)						(87,551)						(94,893)
(Loss) income before income taxes			(408,773)						65,285						(473,817)						89,764
Provision for income taxes			(25,008)						(21,504)						(7,918)						(29,423)
Net (loss) income			(433,781)						43,781						(481,735)						60,341
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests			(177)						(2,600)						1,034						(3,195)
Net (loss) income attributable to B. Riley Financial, Inc.			(433,604)						46,381						(482,769)						63,536
Preferred stock dividends			2,015						2,015						4,030						4,027
Net (loss) income available to common shareholders			$	(435,619)					$	44,366					$	(486,799)					$	59,509

Schedule of revenues by geographical area

The following table presents revenues by geographical area:

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Revenues
Services and fees
North America			$	247,256					$	229,911					$	503,986					$	464,841
Europe			769						416						1,342						1,045
Total Revenues - Services and fees			248,025						230,327						505,328						465,886
Trading (loss) income
North America			(31,321)						33,158						(48,988)						41,450
Fair value adjustments on loans
North America			(175,582)						9,207						(187,783)						52,483
Interest income - loans
North America			18,508						35,126						40,643						75,138
Interest income - securities lending
North America			24,798						40,073						62,607						77,247
Sale of goods
North America			29,088						29,407						57,982						67,354
Australia			3,837						3,171						6,461						6,630
Europe, Middle East, and Africa			21,302						17,198						37,319						34,626
Asia			6,780						6,316						13,134						12,540
Latin America			2,930						2,295						4,694						5,014
Total Revenues - Sale of goods			63,937						58,387						119,590						126,164
Total Revenues
North America			112,747						376,882						428,447						778,513
Australia			3,837						3,171						6,461						6,630
Europe, Middle East, and Africa			22,071						17,614						38,661						35,671
Asia			6,780						6,316						13,134						12,540
Latin America			2,930						2,295						4,694						5,014
Total Revenues			$	148,365					$	406,278					$	491,397					$	838,368

Long-Lived Assets by Geographic Areas

The following table presents long-lived assets, which consists of property and equipment, net, by geographical area:

			June 30, 2024						December 31, 2023
Long-lived Assets - Property and Equipment, net:
North America			$	44,210					$	24,594
Europe			307						396
Asia Pacific			105						133
Australia			67						83
Total			$	44,689					$	25,206

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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