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.
B. Riley's Q4 preliminary income showed significant losses from continuing operations but slightly positive adjusted EBITDA, which caused a positive aftermarket stock price reaction. Recent positive developments include regaining Nasdaq compliance, securing a $160M loan from Oaktree, redeeming senior notes, and causing a potential short squeeze on RILY shares. Looking at the trends in baby bonds and preferred shares, the market is bracing for solvency pressures in mid-2026, with the March 2026 RILYK appearing much stronger.
B. Riley Financial, Inc. (NASDAQ:RILY ) Q4 2024 Earnings Conference Call March 3, 2025 4:30 PM ET Company Participants Bryant Riley - Co-Founder, Chairman & Co-CEO Phillip Ahn - CFO and COO Conference Call Participants Amer Tiwana - Imperial Capital Operator Good morning, and welcome to the B. Riley Financial Preliminary Fourth Quarter Earnings Results Conference Call.
Shares of the investment bank B. Riley Financial (RILY 18.26%) had exploded nearly 19% higher at 10:30 a.m.
We take a look at the action in preferreds and baby bonds through the fourth week of January and highlight some of the key themes we are watching. Preferred stocks had a strong week with a 1% return, while Treasury yields remained stable and credit spreads tightened near multi-year lows. B. Riley suspended its preferred dividends, causing significant share price drops; dividends are cumulative and will continue to accrue.
After the close of Wednesday's regular session, beleaguered investment bank and financial services provider B. Riley Financial, Inc. filed a well-anticipated notification of late filing with the SEC. The company will require more time to assess the impact of the Franchise Group bankruptcy and recent asset monetizations on its financial statements. B. Riley also disclosed selected preliminary Q3 results. The company finished the quarter with $159 million in cash and $2.06 billion in debt.
B. Riley Financial Inc.'s stock rallied 33% on Wednesday, after Bloomberg reported the financial-services company is in exclusive talks to sell a majority stake in its Great American Group unit to Oaktree Capital Management.
Asset manager Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by investment bank B. Riley , Bloomberg News reported on Wednesday.
The take-private bid comes after several months of turmoil stemming from the bank's association with Vitamin Shoppe-owner Franchise Group, which attracted scrutiny from investors and regulators.