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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 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 per share as the effect would be anti-dilutive were 3,229,165 during the three and six months ended June 30, 2025 and 2,781,112 during the three and six months ended June 30, 2024, respectively. Basic and diluted earnings per share were calculated as follows:
| Three Months Ended June 30,
| 2025 |  | 2024
| Continuing Operations |  | Discontinued Operations |  | Total |  | Continuing Operations |  | Discontinued Operations |  | Total
Net income (loss) | $ | 71,687 |  |  | $ | 69,312 |  |  | $ | 140,999 |  |  | $ | (449,151) |  |  | $ | 15,370 |  |  | $ | (433,781) |
Net income (loss) attributable to noncontrolling interests | 1,528 |  |  | — |  |  | 1,528 |  |  | (1,018) |  |  | 841 |  |  | (177) |
Net income (loss) attributable to B. Riley Financial, Inc. | 70,159 |  |  | 69,312 |  |  | 139,471 |  |  | (448,133) |  |  | 14,529 |  |  | (433,604) |
Preferred stock dividends | 2,015 |  |  | — |  |  | 2,015 |  |  | 2,015 |  |  | — |  |  | 2,015 |
Net income (loss) available to common shareholders | $ | 68,144 |  |  | $ | 69,312 |  |  | $ | 137,456 |  |  | $ | (450,148) |  |  | $ | 14,529 |  |  | $ | (435,619) |
| Six Months Ended June 30,
| 2025 |  | 2024
| Continuing Operations |  | Discontinued Operations |  | Total |  | Continuing Operations |  | Discontinued Operations |  | Total
Net income (loss) | $ | 51,725 |  |  | $ | 72,707 |  |  | $ | 124,432 |  |  | $ | (510,452) |  |  | $ | 28,717 |  |  | $ | (481,735) |
Net (loss) income attributable to noncontrolling interests | (5,064) |  |  | — |  |  | (5,064) |  |  | (1,021) |  |  | 2,055 |  |  | 1,034 |
Net income (loss) attributable to B. Riley Financial, Inc. | 56,789 |  |  | 72,707 |  |  | 129,496 |  |  | (509,431) |  |  | 26,662 |  |  | (482,769) |
Preferred stock dividends | 4,030 |  |  | — |  |  | 4,030 |  |  | 4,030 |  |  | — |  |  | 4,030 |
Net income (loss) available to common shareholders | $ | 52,759 |  |  | $ | 72,707 |  |  | $ | 125,466 |  |  | $ | (513,461) |  |  | $ | 26,662 |  |  | $ | (486,799) |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Weighted average common shares outstanding: |  |  |  |  |  |  |
Basic | 30,527,835 |  |  | 30,352,054 |  |  | 30,512,757 |  |  | 30,170,819 |
Effect of dilutive potential common shares: |  |  |  |  |  |  |
Restricted stock units and warrants | — |  |  | — |  |  | — |  |  | — |
Diluted | 30,527,835 |  |  | 30,352,054 |  |  | 30,512,757 |  |  | 30,170,819 |
Basic net income (loss) per common share: |  |  |  |  |  |  |
Continuing operations | $ | 2.23 |  |  | $ | (14.83) |  |  | $ | 1.73 |  |  | $ | (17.02) |
Discontinued operations | 2.27 |  |  | 0.48 |  |  | 2.38 |  |  | 0.89 |
Basic income (loss) per common share | $ | 4.50 |  |  | $ | (14.35) |  |  | $ | 4.11 |  |  | $ | (16.13) |
Diluted net income (loss) per common share: |  |  |  |  |  |  |
Continuing operations | $ | 2.23 |  |  | $ | (14.83) |  |  | $ | 1.73 |  |  | $ | (17.02) |
Discontinued operations | 2.27 |  |  | 0.48 |  |  | 2.38 |  |  | 0.89 |
Diluted income (loss) per common share | $ | 4.50 |  |  | $ | (14.35) |  |  | $ | 4.11 |  |  | $ | (16.13) |

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