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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share is calculated by dividing (loss) income from continuing operations, (loss) income from discontinued operations, or net income (loss) by the weighted-average number of shares outstanding during the period. Diluted earnings per share is calculated by dividing (loss) income from continuing operations, (loss) income from discontinued operations, or net income (loss) by the weighted-average number of common shares outstanding, after giving effect to all dilutive potential common shares outstanding during the period.

Securities that could potentially dilute basic net income per share in the future that were not included in the computation of diluted net income (loss) per share as the effect would be anti-dilutive were 2,483,159 and 3,282,390 during the three months ended March 31, 2025 and 2024, respectively, because to do so would have been anti-dilutive.

Basic and diluted earnings per share were calculated as follows:

			Three Months Ended March 31,
			2025																		2024
			Continuing Operations						Discontinued Operations						Total						Continuing Operations						Discontinued Operations						Total
Net (loss) income			$	(19,962)					$	3,395					$	(16,567)					$	(61,301)					$	13,347					$	(47,954)
Net (loss) income attributable to noncontrolling interests			(6,592)						—						(6,592)						(3)						1,214						1,211
Net (loss) income attributable to B. Riley Financial, Inc.			(13,370)						3,395						(9,975)						(61,298)						12,133						(49,165)
Preferred stock dividends			2,015						—						2,015						2,015						—						2,015
Net (loss) income available to common shareholders			$	(15,385)					$	3,395					$	(11,990)					$	(63,313)					$	12,133					$	(51,180)

									Three Months Ended March 31,
															2025						2024
Weighted average common shares outstanding:
Basic															30,497,512						29,989,584
Effect of dilutive potential common shares:
Restricted stock units and warrants															—						—
Diluted															30,497,512						29,989,584
Basic net (loss) income per common share:
Continuing operations															$	(0.50)					$	(2.11)
Discontinued operations															0.11						0.40
Basic loss per common share															$	(0.39)					$	(1.71)
Diluted net (loss) income per common share:
Continuing operations															$	(0.50)					$	(2.11)
Discontinued operations															0.11						0.40
Diluted loss per common share															$	(0.39)					$	(1.71)

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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