B. Riley Financial NASDAQ: RILY reported a sharp first-quarter profit and lower debt, with executives saying the firm has regained operating momentum after steps to strengthen its balance sheet and bring its financial reporting back to a normal cadence.
Earlier this week, B. Riley Financial reported profitable second quarter results and filed its long-delayed quarterly report on form 10-Q with the SEC. Even better, the company expects to become current with its regulatory reporting requirements next months. AI-related tailwinds should boost the company's upcoming Q3 results by more than $50 million.
B. Riley Financial, Inc. (NASDAQ:RILY ) Business Update Call August 13, 2025 4:30 PM ET Company Participants Bryant Richard Riley - Co-Founder, Chairman & Co-CEO Scott Yessner - Executive Vice President & CFO Thomas J. Kelleher - Co-Founder, Co-CEO & Director Conference Call Participants Operator Good day, and welcome to the Fiscal Year 2024 Preliminary Results (sic) [ Fiscal Year 2024 Results ] and a Preliminary Financial and Business Update for First Half 2025.
| Industrial Conglomerates Industry | Industrials Sector | None CEO | XDUS Exchange | US05580M1080 ISIN |
| US Country | 2,383 Employees | 23 May 2024 Last Dividend | 3 Jun 2014 Last Split | 2 Aug 2007 IPO Date |
B. Riley Financial, Inc. offers a wide range of financial services tailored to meet the needs of both public and private companies. Established in 1973 and headquartered in Los Angeles, California, the company has expanded its services across various segments including Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer. Through its diverse service offerings, B. Riley Financial, Inc. aims to address the complex capital raising and financial advisory requirements of its clients, leveraging its extensive industry expertise to deliver effective solutions.
This segment focuses on providing a suite of services such as investment banking, corporate finance, research, wealth management, and sales and trading. It caters to corporate, institutional, and high net worth clients, offering them strategic advice and solutions to help navigate the financial markets effectively.
Through this segment, B. Riley Financial delivers retail brokerage, investment management, and insurance, along with tax preparation services. The wealth management segment is designed to cater to the financial planning and investment needs of individuals, aiming to enhance their financial security and wealth accumulation over time.
Specializing in a wide range of advisory services, this segment extends its expertise in bankruptcy, restructuring, turnaround management, forensic accounting, crisis and litigation support, appraisal and valuation, real estate, and operations management. It is tailored for businesses facing complex financial challenges, providing them with strategic advice and practical solutions to navigate through periods of distress or growth.
This service area deals with retail liquidation, offering comprehensive solutions for businesses looking to dispose of assets in an efficient and value-maximizing manner. Whether it’s the result of restructuring, downsizing, or bankruptcy, B. Riley Financial’s auction and liquidation services aim at ensuring the best possible outcome for its clients.
Within the communications segment, B. Riley Financial has assembled a portfolio of companies acquired for their attractive risk-adjusted investment return characteristics. This approach highlights the firm's investment acumen and commitment to generating substantial returns for its stakeholders through strategic acquisitions.
Involving Targus and the Brands investment portfolio, this segment of B. Riley Financial, Inc. focuses on investing in and managing consumer-facing companies. With a strategy aimed at optimizing the value and performance of its consumer brand investments, the firm seeks to leverage market opportunities and generate investor value.