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BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31,
															2025						2024
Capital Markets segment:
Revenues - Services and fees															$	25,205					$	60,347
Trading gains (losses), net															(16,783)						(18,267)
Fair value adjustment on loans															(8,096)						(12,201)
Interest income - loans															3,196						22,135
Interest income - securities lending															840						37,809
Total revenues															4,362						89,823
Employee compensation and benefits															(22,231)						(39,058)
Professional services															(2,253)						(995)
Occupancy-related costs															(2,092)						(2,052)
Other selling, general and administrative expenses															(14,570)						(11,119)
Interest expense - Securities lending and loan participations sold															(719)						(35,383)
Depreciation and amortization															(691)						(771)
Segment (loss) income															(38,194)						445

Wealth Management segment:
Revenues - Services and fees															46,666						51,182
Trading income															612						600
Total revenues															47,278						51,782
Employee compensation and benefits															(33,670)						(40,420)
Professional services															(409)						(472)
Occupancy-related costs															(3,482)						(3,255)
Other selling, general and administrative expenses															(6,987)						(4,901)
Depreciation and amortization															(1,006)						(1,055)
Segment income															1,724						1,679
Communications segment:
Revenues - Services and fees															63,173						81,070
Revenues - Sale of goods															1,301						1,296
Total revenues															64,474						82,366
Direct cost of services															(32,624)						(48,819)
Cost of goods sold															(1,517)						(1,359)
Employee compensation and benefits															(7,144)						(9,131)
Professional services															(949)						(965)
Occupancy-related costs															(2,025)						(2,591)
Other selling, general and administrative expenses															(5,749)						(5,230)
Restructuring charge															—						(263)
Depreciation and amortization															(4,790)						(5,957)
Segment income															9,676						8,051
Consumer Products segment:
Revenues - Sale of goods															42,103						51,522
Cost of goods sold															(31,629)						(36,880)
Employee compensation and benefits															(9,903)						(10,443)
Professional services															(1,175)						(1,793)
Occupancy-related costs															(1,450)						(1,584)
Other selling, general and administrative expenses															(1,175)						(1,705)
Depreciation and amortization															(1,912)						(1,997)
Restructuring charge															—						(526)
Segment loss															(5,141)						(3,406)
E-Commerce segment:
Revenues - Services and fees															3,469						—
Revenues - Sale of goods															3,528						—
Total revenues															6,997						—
Direct cost of services															(1,552)						—
Cost of goods sold															(3,131)						—
Employee compensation and benefits															(3,153)						—
Professional services															(2,141)						—
Occupancy-related costs															(642)						—
Other selling, general and administrative expenses															(2,454)						—
Depreciation and amortization															(38)						—
Segment loss															(6,114)						—
Consolidated operating (loss) income from reportable segments															(38,049)						6,769

All Other:
Revenues - Services and fees															19,196						21,482
Revenues - Sale of goods															523						615
Total revenues															19,719						22,097
Direct cost of services															(8,524)						(10,851)
Cost of goods sold															(456)						(588)
Employee compensation and benefits															(5,247)						(6,054)
Professional services															(657)						(597)
Occupancy-related costs															(1,005)						(2,680)
Other selling, general and administrative expenses															(6,082)						(2,884)
Depreciation and amortization															(1,410)						(1,083)
Corporate:
Revenues - Services and fees															1,130						—
Employee compensation and benefits															(10,638)						(13,452)
Professional services															(10,639)						(11,286)
Occupancy-related costs															(1,627)						(1,965)
Other selling, general and administrative expenses															2,160						6,706
Depreciation and amortization															(152)						(151)
Operating loss															(61,477)						(16,019)
Interest income															1,486						663
Dividend income															135						3,004
Realized and unrealized losses on investments															(14,500)						(34,924)
Change in fair value of financial instruments and other															922						—
Gain on sale and deconsolidation of businesses															80,841						314
Gain on senior note exchange															10,532						—
Loss from equity investments															(552)						(4)
Loss on extinguishment of debt															(10,427)						—
Interest expense:
Capital Markets segment															(49)						(156)
Communications segment															(1,653)						(2,610)
Consumer Products segment															(417)						(1,431)
E-Commerce segment															(396)						—
Corporate and other															(27,449)						(31,468)
Interest expense															(29,964)						(35,665)
Loss from continuing operations before income taxes															(23,004)						(82,631)
Benefit from income taxes															3,042						21,330
Loss from continuing operations															(19,962)						(61,301)
Income from discontinued operations, net of income taxes															3,395						13,347
Net loss															(16,567)						(47,954)
Net (loss) income attributable to noncontrolling interests															(6,592)						1,211
Net loss attributable to B. Riley Financial, Inc.															(9,975)						(49,165)
Preferred stock dividends															2,015						2,015
Net loss available to common shareholders															$	(11,990)					$	(51,180)

Schedule of Revenues by Geographical Area

The following table presents revenues by geographical area:

									Three Months Ended March 31,
															2025						2024
Services and fees
North America															$	158,839					$	214,081
Trading gains (losses), net
North America															(16,171)						(17,667)
Fair value adjustments on loans
North America															(8,096)						(12,201)
Interest income - loans
North America															3,196						22,135
Interest income - securities lending
North America															840						37,809
Sale of goods
North America															26,221						28,879
Australia															2,119						2,624
Europe, Middle East, and Africa															12,227						13,813
Asia															4,950						6,354
Latin America															1,938						1,763
Total - Sale of goods															47,455						53,433
Total Revenues
North America															164,829						273,036
Australia															2,119						2,624
Europe, Middle East, and Africa															12,227						13,813
Asia															4,950						6,354
Latin America															1,938						1,763
Total Revenues															$	186,063					$	297,590

Long-Lived Assets by Geographic Areas

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

			March 31, 2025						December 31, 2024
Long-lived Assets - Property and Equipment, net:
North America			$	17,668					$	18,327
Europe			178						217
Asia Pacific			71						81
Australia			52						54
Total			$	17,969					$	18,679

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 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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