B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 (RILYK) Financials

$25.23 0.00 (0.00%)

As of 07/2/2026

Annual Income Statements for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026

This table shows B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	12	22	12	16	81	200	438	-168	-108	-772	299
Consolidated Net Income / (Loss)	14	33	12	16	82	204	451	-157	-106	-775	310
Net Income / (Loss) Continuing Operations	14	33	12	16	82	204	451	-269	-160	-922	239
Total Pre-Tax Income	21	47	20	21	117	279	615	-334	-199	-900	230
Total Operating Income	22	49	29	45	167	276	515	30	96	-498	76
Total Gross Profit	80	135	281	387	586	822	1,473	760	1,293	365	683
Total Revenue	113	190	322	423	652	834	1,555	939	1,466	746	968
Operating Revenue	113	190	322	423	652	834	1,555	939	1,466	746	968
Total Cost of Revenue	32	56	41	36	66	12	81	179	173	382	285
Operating Cost of Revenue	32	56	41	36	66	12	81	179	173	382	285
Total Operating Expenses	58	86	252	342	419	545	959	730	1,197	862	607
Selling, General & Admin Expense	58	82	228	311	385	429	906	655	765	689	600
Other Operating Expenses / (Income)	-	0.00	12	23	32	103	53	66	360	66	5.79
Impairment Charge	-	-	-	0.00	0.00	13	0.00	0.00	70	105	1.50
Restructuring Charge	0.00	3.89	12	8.51	1.70	1.56	0.00	9.01	2.13	1.52	0.20
Total Other Income / (Expense), net	-0.82	-1.68	-8.40	-24	-50	3.20	100	-364	-295	-403	154
Interest Expense	0.83	2.00	8.38	33	50	65	92	141	162	152	114
Interest & Investment Income	0.02	0.32	-0.02	9.31	1.58	68	189	-233	-146	-255	189
Other Income / (Expense), net	-	0.00	-	-	-1.43	0.00	3.80	10	12	4.47	79
Income Tax Expense	7.69	14	8.51	4.90	35	75	164	-65	-39	22	-9.89
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	112	55	147	71
Preferred Stock Dividends Declared	-	-	0.00	0.00	0.26	4.71	7.46	8.01	8.06	8.06	8.06
Net Income / (Loss) Attributable to Noncontrolling Interest	1.77	11	0.38	0.89	0.34	-1.13	5.75	3.24	-5.72	-11	2.87
Basic Earnings per Share	$0.73	$1.19	$0.50	$0.60	$3.08	$7.83	$15.99	($5.95)	($3.69)	($25.46)	$9.80
Weighted Average Basic Shares Outstanding	16.22M	18.11M	23.18M	25.94M	26.40M	25.61M	27.37M	28.19M	29.27M	30.34M	30.56M
Diluted Earnings per Share	$0.73	$1.17	$0.48	$0.58	$2.95	$7.56	$15.09	($5.95)	($3.69)	($25.46)	$9.80
Weighted Average Diluted Shares Outstanding	16.27M	18.39M	24.29M	26.76M	27.53M	26.51M	29.01M	28.19M	29.27M	30.34M	30.56M
Weighted Average Basic & Diluted Shares Outstanding	16.61M	19.31M	26.63M	26.76M	27.53M	26.51M	27.77M	28.82M	-	-	35.15M

This table shows B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-76	-92	-51	-436	-286	0.88	-12	89	211
Consolidated Net Income / (Loss)	-76	-90	-48	-434	-288	-5.61	-17	96	222
Net Income / (Loss) Continuing Operations	-100	-120	-61	-434	-151	-277	-20	97	222
Total Pre-Tax Income	-124	-165	-83	-409	-141	-268	-23	99	239
Total Operating Income	-7.98	-64	-16	-220	-82	-179	-61	65	153
Total Gross Profit	268	384	199	40	135	-9.36	107	243	288
Total Revenue	363	264	298	148	175	125	186	278	352
Operating Revenue	363	264	298	148	175	125	186	278	352
Total Cost of Revenue	95	-120	98	108	40	134	79	35	64
Operating Cost of Revenue	95	-120	98	108	40	134	79	35	64
Total Operating Expenses	276	448	215	260	217	170	168	177	135
Selling, General & Admin Expense	202	161	179	209	161	140	167	144	134
Other Operating Expenses / (Income)	38	253	35	23	56	-49	0.72	33	0.72
Total Other Income / (Expense), net	-116	-101	-67	-189	-59	-89	38	33	86
Interest Expense	37	29	36	43	39	35	40	20	17
Interest & Investment Income	-74	-88	-31	-146	-20	-59	67	44	107
Other Income / (Expense), net	-4.17	16	0.00	-0.16	0.00	4.63	11	8.91	-4.43
Income Tax Expense	-24	-45	-21	25	9.95	8.39	-3.04	1.18	17
Net Income / (Loss) Discontinued Operations	24	-	13	-	-137	-	3.40	-1.87	0.00
Preferred Stock Dividends Declared	2.02	2.02	2.02	2.02	2.02	2.02	2.02	2.02	2.02
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.49	-0.04	1.21	-0.18	-3.20	-8.50	-6.59	4.47	8.89
Basic Earnings per Share	($2.53)	($3.26)	($1.71)	($14.35)	($9.39)	($0.01)	($0.39)	$2.91	$6.62
Weighted Average Basic Shares Outstanding	29.96M	29.27M	29.99M	30.35M	30.50M	30.34M	30.50M	30.60M	31.92M
Diluted Earnings per Share	($2.53)	($3.22)	($1.71)	($14.35)	($9.39)	($0.01)	($0.39)	$2.91	$6.57
Weighted Average Diluted Shares Outstanding	29.96M	29.27M	29.99M	30.35M	30.50M	30.34M	30.50M	30.60M	32.17M
Weighted Average Basic & Diluted Shares Outstanding	30.58M	0.00	30.30M	-	-	0.00	-	-	37.13M

This table details how cash moves in and out of B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	8.41	85	37	28	-76	-1.21	175	-8.00	-40	32	-27
Net Cash From Operating Activities	32	80	-82	-102	-27	58	51	6.65	25	264	-60
Net Cash From Continuing Operating Activities	32	81	-82	-102	-27	58	51	6.65	25	264	-60
Net Income / (Loss) Continuing Operations	14	33	12	16	82	204	451	-157	-106	-775	310
Consolidated Net Income / (Loss)	14	33	12	16	82	204	451	-157	-106	-775	310
Depreciation Expense	0.85	4.31	11	14	19	19	26	40	54	60	48
Non-Cash Adjustments To Reconcile Net Income	11	11	26	19	34	104	66	380	186	951	-209
Changes in Operating Assets and Liabilities, net	5.84	32	-131	-152	-163	-270	-491	-257	-110	27	-209
Net Cash From Investing Activities	4.92	-34	-18	-154	-438	22	-957	-32	301	441	311
Net Cash From Continuing Investing Activities	4.92	-34	-18	-154	-438	22	-957	-32	301	441	311
Purchase of Property, Plant & Equipment	-0.24	-0.73	-0.83	-5.43	-3.46	-2.05	-0.68	-3.92	-7.71	-7.95	-11
Acquisitions	-2.45	-33	-40	-110	-115	-9.00	-29	-262	-26	-19	0.00
Purchase of Investments	-	-	-	-	-29	-	-739	-11	-4.87	-1.07	-126
Sale of Property, Plant & Equipment	0.00	0.10	0.84	0.04	6.71	0.00	0.01	0.00	17	0.26	103
Divestitures	-	0.00	16	-	-	-	-	0.00	0.00	401	114
Sale and/or Maturity of Investments	-	0.00	0.00	0.00	18	1.80	-	0.00	85	31	10
Other Investing Activities, net	7.60	0.00	6.00	-39	-315	31	-188	244	238	36	222
Net Cash From Financing Activities	-28	40	134	285	389	-81	1,081	18	-366	-672	-279
Net Cash From Continuing Financing Activities	-28	40	134	285	389	-81	1,081	18	-366	-671	-279
Repayment of Debt	-23	-56	-79	-359	-187	-116	-599	-122	-925	-712	-643
Payment of Dividends	-9.26	-70	-29	-24	-43	-47	-371	-132	-156	-53	-4.28
Issuance of Debt	4.72	145	245	690	432	262	1,629	441	848	104	369
Issuance of Common Equity	0.00	23	0.00	0.00	144	176	423	21	121	4.96	0.00
Other Financing Activities, net	-0.50	-1.16	-3.49	-3.73	-6.27	-346	-13	-185	-185	-15	-1.42
Effect of Exchange Rate Changes	-0.13	-1.29	2.67	-0.86	0.07	-	-0.38	-	-	-	0.20
Cash Interest Paid	0.58	0.38	19	50	76	99	138	193	315	240	97
Cash Income Taxes Paid	1.69	-0.69	-15	6.50	8.65	2.37	88	49	20	6.92	5.23

This table details how cash moves in and out of B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	147	-24	-41	47	-74	96	-114	44	-51
Net Cash From Operating Activities	-118	65	135	111	19	-2.74	0.18	26	38
Net Cash From Continuing Operating Activities	-118	65	136	111	20	-3.53	0.18	26	38
Net Income / (Loss) Continuing Operations	-76	-90	-48	-434	-288	-5.61	-17	90	222
Consolidated Net Income / (Loss)	-76	-90	-48	-434	-288	-5.61	-17	90	222
Depreciation Expense	12	16	15	16	15	15	13	11	11
Non-Cash Adjustments To Reconcile Net Income	-63	184	4.81	513	-373	601	-54	147	-1.55
Changes in Operating Assets and Liabilities, net	9.12	-44	163	16	667	-614	58	-223	-193
Net Cash From Investing Activities	97	-12	18	-12	19	415	59	36	8.33
Net Cash From Continuing Investing Activities	97	-12	18	-12	19	415	59	36	8.33
Purchase of Property, Plant & Equipment	-1.03	-1.93	-0.91	-4.53	-1.28	-1.23	-6.67	-1.03	-0.99
Purchase of Investments	-	400	-43	-	-	79	-62	-	-20
Sale of Property, Plant & Equipment	-	-	0.00	-	-	0.26	7.16	95	0.00
Divestitures	16	-17	-0.18	0.05	0.39	401	69	19	0.00
Sale and/or Maturity of Investments	-	77	23	-	-	8.23	6.84	-	0.00
Other Investing Activities, net	490	-477	39	12	100	-72	44	38	29
Net Cash From Financing Activities	171	-80	-191	-53	-111	-317	-173	-18	-97
Net Cash From Continuing Financing Activities	171	-80	-191	-53	-111	-316	-173	-18	-97
Repayment of Debt	-538	-61	-190	-67	-126	-329	-430	-64	-142
Issuance of Debt	629	28	18	38	24	25	258	46	47
Other Financing Activities, net	-0.82	1.01	-1.24	-2.65	-5.99	-5.61	-0.05	-	-1.90
Effect of Exchange Rate Changes	-	-	-3.96	-	-	-	-0.47	-	-0.87
Cash Interest Paid	76	83	82	71	53	35	29	21	20
Cash Income Taxes Paid	1.76	12	1.43	2.38	2.01	1.11	0.93	2.34	0.58

This table presents B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	132	265	1,387	1,958	2,318	2,663	5,852	6,111	6,081	1,783	1,707
Total Current Assets	73	143	267	422	338	250	822	929	1,057	589	464
Cash & Equivalents	30	112	133	179	104	104	279	269	223	147	227
Restricted Cash	0.05	3.29	20	0.84	0.47	1.24	0.93	2.31	1.88	100	2.68
Accounts Receivable	9.88	22	26	44	52	41	50	149	101	69	55
Prepaid Expenses	2.42	5.74	23	79	82	93	464	461	242	157	129
Other Current Assets	5.05	-	37	38	24	7.09	30	49	51	31	51
Plant, Property, & Equipment, net	0.59	5.79	12	16	13	12	13	27	25	19	18
Total Noncurrent Assets	59	116	1,108	1,520	1,968	2,402	5,014	5,154	4,998	1,176	1,225
Long-Term Investments	-	17	145	274	408	777	1,532	1,129	809	368	537
Noncurrent Note & Lease Receivables	-	-	-	-	226	391	-	702	532	90	26
Goodwill	35	49	99	223	224	227	251	513	467	393	393
Intangible Assets	4.77	41	57	91	221	191	208	374	198	146	118
Noncurrent Deferred & Refundable Income Taxes	19	8.62	-	-	-	-	-	3.98	34	14	0.76
Other Noncurrent Operating Assets	0.59	0.43	807	931	889	815	3,023	2,432	2,958	95	147
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	70	2.22
Total Liabilities & Shareholders' Equity	132	265	1,387	1,958	2,318	2,663	5,852	6,111	6,081	1,783	1,707
Total Liabilities	23	114	1,121	1,699	1,928	2,124	4,802	5,427	5,721	2,239	1,827
Total Current Liabilities	22	70	79	186	278	337	558	511	370	415	294
Short-Term Debt	1.51	-	-	-	-	-	-	-	-	16	6.64
Accounts Payable	1.29	13	4.23	8.07	6.23	3.05	6.33	81	44	51	41
Accrued Expenses	5.39	53	72	109	131	173	344	323	253	186	155
Current Deferred Revenue	0.35	4.13	3.14	69	67	69	70	85	71	58	50
Other Current Liabilities	3.71	-	-	0.00	74	92	138	22	2.48	62	41
Total Noncurrent Liabilities	1.15	44	1,038	1,509	1,645	1,787	4,244	4,915	5,351	1,824	1,533
Long-Term Debt	0.00	28	206	540	793	983	1,953	2,319	2,313	1,758	1,421
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	34	93	30	0.00	5.46	4.11
Other Noncurrent Operating Liabilities	1.15	16	836	973	857	770	2,197	2,468	2,912	40	107
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	29	21	0.83
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	109	150	266	259	390	539	705	506	360	-456	-120
Total Preferred & Common Equity	109	149	266	258	361	513	661	447	291	-488	-172
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	109	149	266	258	361	513	661	447	291	-488	-172
Common Stock	117	141	260	259	323	310	413	494	572	589	598
Retained Earnings	-6.31	9.89	6.58	1.58	40	203	249	-45	-281	-1,071	-763
Accumulated Other Comprehensive Income / (Loss)	-1.06	-1.71	-0.53	-2.16	-1.99	-0.82	-1.08	-2.47	0.23	-6.57	-6.27
Noncontrolling Interest	-0.12	1.05	-0.18	0.60	30	26	44	59	68	32	51

This table presents B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	9/30/2025	3/31/2026
Total Assets	6,143	4,998	3,236	2,157	1,511	1,669	1,854
Total Current Assets	673	604	617	486	475	617	407
Cash & Equivalents	252	191	237	159	138	184	176
Restricted Cash	2.06	1.89	1.73	1.37	-	1.27	2.20
Accounts Receivable	128	124	116	92	62	63	67
Prepaid Expenses	266	246	221	202	242	219	118
Other Current Assets	26	41	41	32	13	148	43
Plant, Property, & Equipment, net	25	24	45	43	18	18	18
Total Noncurrent Assets	5,445	4,370	2,574	1,628	1,018	1,032	1,430
Long-Term Investments	1,198	950	664	342	232	315	730
Noncurrent Note & Lease Receivables	549	452	229	152	99	55	25
Goodwill	497	472	502	498	393	393	393
Intangible Assets	334	312	319	187	140	125	112
Noncurrent Deferred & Refundable Income Taxes	2.81	50	32	13	1.30	1.30	0.76
Other Noncurrent Operating Assets	2,864	2,134	827	144	90	143	167
Other Noncurrent Nonoperating Assets	-	-	-	292	65	0.00	2.22
Total Liabilities & Shareholders' Equity	6,143	4,998	3,236	2,157	1,511	1,669	1,854
Total Liabilities	5,675	4,698	3,379	2,583	1,965	1,882	1,718
Total Current Liabilities	432	368	501	353	229	334	292
Short-Term Debt	-	-	20	-	-	10	11
Accounts Payable	54	45	59	55	44	41	38
Accrued Expenses	303	253	260	229	182	183	153
Current Deferred Revenue	74	69	65	61	-	52	49
Other Current Liabilities	0.29	1.76	97	8.08	1.78	47	42
Total Noncurrent Liabilities	5,244	4,330	2,878	2,231	1,736	1,548	1,426
Long-Term Debt	2,307	2,164	2,140	2,050	1,555	1,433	1,288
Noncurrent Deferred & Payable Income Tax Liabilities	6.68	-	-	-	2.12	2.33	4.09
Other Noncurrent Operating Liabilities	2,837	2,070	738	71	103	112	132
Other Noncurrent Nonoperating Liabilities	-	-	-	19	19	0.83	0.83
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	468	300	-143	-426	-454	-213	136
Total Preferred & Common Equity	414	228	-218	-498	-497	-260	77
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	414	228	-218	-498	-497	-260	77
Common Stock	577	580	585	588	591	596	634
Retained Earnings	-158	-348	-799	-1,085	-1,081	-850	-550
Accumulated Other Comprehensive Income / (Loss)	-5.48	-3.64	-4.89	-0.91	-7.06	-6.65	-7.15
Noncontrolling Interest	54	71	75	71	43	47	59

This table displays calculated financial ratios and metrics derived from B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	16,321,452.00	19,043,072.00	26,467,594.00	26,554,205.00	26,927,947.00	25,431,575.00	27,569,553.00	28,582,004.00	30,582,871.00	30,295,303.00	30,597,066.00
DEI Adjusted Shares Outstanding	16,321,452.00	19,043,072.00	26,467,594.00	26,554,205.00	26,927,947.00	25,431,575.00	27,569,553.00	28,582,004.00	30,582,871.00	30,295,303.00	30,597,066.00
DEI Earnings Per Adjusted Shares Outstanding	0.72	1.13	0.44	0.58	3.02	7.88	15.87	-5.87	-3.53	-25.49	9.78
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	45.92%	69.16%	69.25%	31.29%	54.17%	27.93%	86.37%	-70.06%	56.02%	-49.08%	29.63%
EBITDA Growth	437.95%	362.55%	-62.30%	48.04%	211.30%	60.43%	84.08%	-119.36%	-19.03%	-367.64%	146.78%
EBIT Growth	397.16%	341.31%	-70.40%	57.34%	264.05%	67.21%	87.62%	-146.18%	-9.80%	-556.74%	131.26%
NOPAT Growth	371.04%	140.40%	-50.32%	107.50%	235.25%	72.18%	87.08%	-181.58%	221.65%	-618.00%	122.64%
Net Income Growth	334.29%	141.04%	-63.53%	37.41%	399.68%	148.96%	120.96%	-269.47%	32.54%	-633.63%	140.04%
EPS Growth	221.67%	60.27%	-58.97%	20.83%	408.62%	156.27%	99.60%	-278.86%	37.98%	-589.97%	138.49%
Operating Cash Flow Growth	237.52%	153.48%	-201.88%	-24.94%	73.38%	312.11%	-11.78%	-260.78%	268.29%	975.63%	-122.66%
Free Cash Flow Firm Growth	130.23%	-156.92%	-859.98%	-122.14%	-52.24%	211.70%	-175.15%	-1,156.04%	151.59%	-82.85%	-59.21%
Invested Capital Growth	5.44%	-16.50%	81.96%	98.64%	94.12%	-4.55%	86.25%	85.68%	-61.02%	-53.97%	-11.66%
Revenue Q/Q Growth	-0.07%	62.79%	5.57%	-1.89%	10.73%	26.83%	-6.35%	2,091.92%	-7.45%	-15.70%	0.00%
EBITDA Q/Q Growth	12.55%	472.19%	-64.12%	-62.70%	30.86%	95.96%	-30.77%	471.06%	-25.84%	-41.76%	0.00%
EBIT Q/Q Growth	12.99%	511.32%	-68.71%	-31.38%	34.82%	110.46%	-32.02%	69,421.45%	-35.12%	-34.51%	0.00%
NOPAT Q/Q Growth	15.03%	255.13%	-63.12%	18.29%	35.72%	119.27%	-32.49%	1,885.79%	-43.48%	-30.14%	0.00%
Net Income Q/Q Growth	15.83%	277.42%	-70.45%	-17.65%	47.74%	310.60%	-18.80%	-1,528.44%	-33.00%	9.79%	0.00%
EPS Q/Q Growth	-45.11%	185.37%	-69.43%	11.54%	47.50%	369.57%	-23.21%	-407.14%	-50.61%	11.20%	0.00%
Operating Cash Flow Q/Q Growth	151.72%	-22.50%	-2,387.83%	8.69%	-218.60%	298.38%	125.85%	-286.21%	-36.38%	-20.56%	32.66%
Free Cash Flow Firm Q/Q Growth	-80.01%	79.02%	75.85%	-11.21%	-896.21%	1,125.89%	-167.29%	-791.84%	823.51%	76.44%	0.00%
Invested Capital Q/Q Growth	6.65%	4.00%	-55.66%	-36.56%	10.88%	-5.57%	21.95%	245.33%	-6.26%	-34.99%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.45%	70.78%	87.27%	91.59%	89.82%	98.51%	291.30%	173.64%	88.21%	48.88%	70.57%
EBITDA Margin	20.38%	55.72%	12.41%	13.99%	28.26%	35.44%	70.01%	30.65%	11.03%	-57.95%	20.92%
Operating Margin	19.62%	51.19%	8.95%	10.73%	25.56%	33.12%	66.19%	9.61%	6.55%	-66.66%	7.81%
EBIT Margin	19.62%	51.19%	8.95%	10.73%	25.34%	33.12%	100.02%	11.63%	7.37%	-66.06%	15.93%
Profit (Net Income) Margin	12.07%	34.38%	3.70%	3.88%	12.57%	24.46%	57.99%	-45.65%	-7.21%	-103.82%	32.07%
Tax Burden Percent	63.85%	69.56%	58.38%	76.98%	70.29%	73.00%	219.99%	46.84%	53.01%	86.07%	135.17%
Interest Burden Percent	96.30%	193.11%	70.88%	46.94%	70.57%	101.16%	237.21%	-1,111.62%	-184.59%	182.61%	148.93%
Effective Tax Rate	36.15%	30.44%	41.62%	23.02%	29.71%	27.00%	80.01%	0.00%	0.00%	0.00%	-4.31%
Return on Invested Capital (ROIC)	26.20%	66.89%	12.50%	13.46%	23.07%	30.79%	82.52%	4.93%	2.84%	-35.95%	13.71%
ROIC Less NNEP Spread (ROIC-NNEP)	27.26%	0.00%	17.50%	698.18%	3.87%	32.02%	205.15%	-61.24%	-8.67%	-77.90%	40.52%
Return on Net Nonoperating Assets (RNNOA)	-13.05%	-41.69%	-8.25%	-7.21%	2.19%	13.12%	31.06%	-40.91%	-24.94%	1,642.87%	-121.39%
Return on Equity (ROE)	13.16%	0.00%	4.25%	6.25%	25.26%	43.91%	113.47%	-54.16%	-22.10%	1,606.92%	-107.69%
Cash Return on Invested Capital (CROIC)	20.91%	-12.63%	-45.63%	-52.60%	-40.93%	35.44%	-19.06%	-292.24%	90.66%	37.97%	26.09%
Operating Return on Assets (OROA)	16.27%	24.54%	3.49%	2.71%	7.73%	11.09%	29.89%	2.00%	1.77%	-12.54%	8.83%
Return on Assets (ROA)	10.00%	16.49%	1.45%	0.98%	3.83%	8.19%	26.00%	-7.85%	-1.73%	-19.71%	17.78%
Return on Common Equity (ROCE)	13.16%	25.11%	4.24%	6.25%	24.08%	41.27%	83.82%	-23.06%	-15.61%	3,283.12%	-123.28%
Return on Equity Simple (ROE_SIMPLE)	12.41%	43.83%	4.49%	6.36%	22.72%	39.80%	68.17%	-35.07%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	14	34	17	35	117	202	377	21	67	-348	79
NOPAT Margin	12.53%	35.61%	5.23%	8.26%	17.96%	24.18%	24.27%	6.72%	4.59%	-46.66%	8.15%
Net Nonoperating Expense Percent (NNEP)	-1.06%	-1.47%	-5.00%	-684.71%	19.19%	-1.23%	-166.14%	30.65%	11.52%	41.95%	-26.81%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.71%	2.43%	-26.42%	6.03%
Cost of Revenue to Revenue	28.55%	58.43%	12.73%	8.41%	10.18%	1.49%	10.46%	19.08%	11.79%	51.12%	29.43%
SG&A Expenses to Revenue	51.83%	43.15%	70.73%	73.41%	59.07%	51.37%	174.86%	201.95%	52.19%	92.36%	61.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.83%	111.84%	78.31%	80.87%	64.26%	65.39%	126.84%	250.33%	81.66%	115.54%	62.76%
Earnings before Interest and Taxes (EBIT)	22	97	29	45	165	276	518	120	108	-493	154
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	106	40	59	184	296	544	200	162	-433	202
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.78	1.27	1.02	0.85	1.17	1.45	2.93	3.97	2.12	0.00	0.00
Price to Tangible Book Value (P/TBV)	1.22	3.20	2.45	0.00	0.00	7.83	21.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.76	1.00	0.84	0.52	0.65	0.89	2.74	1.76	0.42	0.19	0.15
Price to Earnings (P/E)	7.26	8.81	23.37	14.21	5.20	3.70	4.42	0.00	0.00	0.00	0.48
Dividend Yield	4.95%	2.01%	3.43%	3.37%	5.79%	2.66%	22.60%	27.40%	19.80%	65.36%	0.00%
Earnings Yield	13.78%	22.66%	4.28%	7.04%	19.22%	27.00%	22.60%	0.00%	0.00%	0.00%	209.50%
Enterprise Value to Invested Capital (EV/IC)	0.57	1.88	1.02	0.89	1.09	1.36	4.47	2.54	1.56	2.18	1.59
Enterprise Value to Revenue (EV/Rev)	0.28	1.55	0.55	0.73	1.12	1.04	3.43	4.18	1.41	1.78	0.88
Enterprise Value to EBITDA (EV/EBITDA)	1.37	5.93	4.45	5.20	3.98	2.94	9.79	43.77	12.77	0.00	4.23
Enterprise Value to EBIT (EV/EBIT)	1.43	6.07	6.17	6.78	4.44	3.15	10.27	78.70	19.11	0.00	5.55
Enterprise Value to NOPAT (EV/NOPAT)	2.23	2.55	10.56	8.81	6.26	4.31	6.54	143.43	30.69	0.00	10.85
Enterprise Value to Operating Cash Flow (EV/OCF)	0.99	1.08	0.00	0.00	0.00	15.07	104.63	631.50	84.21	5.05	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	2.80	0.00	0.00	0.00	0.00	3.75	0.00	0.00	0.96	3.62	5.70
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.18	0.77	2.09	2.03	1.82	1.86	10.60	6.70	-3.89	-11.87
Long-Term Debt to Equity	0.00	0.00	0.77	2.09	2.03	1.82	5.58	7.07	6.70	-3.86	-11.82
Financial Leverage	-0.48	0.00	-0.47	-0.01	0.57	0.41	0.15	1.34	2.88	-21.09	-3.00
Leverage Ratio	1.32	0.00	3.97	6.38	6.59	5.36	10.93	13.79	11.68	-81.53	-6.06
Compound Leverage Factor	1.27	0.00	2.81	2.99	4.65	5.42	12.96	-76.66	-21.55	-148.89	-9.02
Debt to Total Capital	1.37%	15.55%	43.64%	67.63%	67.02%	64.59%	130.07%	233.81%	87.02%	134.59%	109.20%
Short-Term Debt to Total Capital	1.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.24%	0.51%
Long-Term Debt to Total Capital	0.00%	15.55%	43.64%	67.63%	67.02%	64.59%	130.07%	155.88%	87.02%	133.35%	108.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.11%	0.59%	-0.04%	0.08%	2.50%	1.73%	38.85%	15.59%	2.47%	2.44%	3.92%
Common Equity to Total Capital	98.74%	0.00%	56.40%	32.29%	30.48%	33.68%	44.03%	44.12%	10.51%	-37.03%	-13.12%
Debt to EBITDA	0.07	1.04	5.15	9.13	4.30	3.33	3.59	50.44	14.91	-4.10	7.05
Net Debt to EBITDA	-2.36	-1.97	-2.30	1.46	1.52	0.34	0.52	21.23	8.52	-2.68	3.27
Long-Term Debt to EBITDA	0.00	0.52	5.15	9.13	4.30	3.33	7.18	70.66	14.91	-4.06	7.02
Debt to NOPAT	0.11	1.63	12.23	15.47	6.77	4.87	10.35	165.43	35.85	-5.09	18.11
Net Debt to NOPAT	-3.84	-3.08	-5.47	2.48	2.39	0.50	0.75	90.58	20.48	-3.33	8.39
Long-Term Debt to NOPAT	0.00	0.82	12.23	15.47	6.77	4.87	15.53	165.43	35.85	-5.05	18.03
Altman Z-Score	4.02	2.71	0.61	0.52	0.70	0.93	1.88	0.73	0.44	-1.18	0.41
Noncontrolling Interest Sharing Ratio	-0.05%	0.36%	0.21%	0.08%	4.65%	6.02%	63.17%	72.28%	29.35%	-104.31%	-14.48%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.32	2.04	3.37	2.27	1.21	0.74	2.95	1.82	2.86	1.42	1.58
Quick Ratio	2.98	0.00	2.01	1.41	0.72	0.43	1.18	1.64	0.88	0.52	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11	-6.40	-61	-137	-208	232	-174	-4,157	2,144	368	150
Operating Cash Flow to CapEx	13,477.02%	12,682.46%	0.00%	-1,894.09%	0.00%	2,822.36%	15,375.83%	509.68%	0.00%	3,426.75%	0.00%
Free Cash Flow to Firm to Interest Expense	13.49	-3.21	-7.33	-4.09	-4.14	3.56	-1.89	-15.54	13.27	2.42	1.32
Operating Cash Flow to Interest Expense	37.97	40.22	-9.76	-3.06	-0.54	0.88	1.10	0.09	0.15	1.73	-0.52
Operating Cash Flow Less CapEx to Interest Expense	37.69	39.90	-9.76	-3.22	-0.48	0.85	0.54	0.04	0.21	1.68	0.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.96	0.39	0.25	0.31	0.34	1.43	0.34	0.24	0.19	0.55
Accounts Receivable Turnover	11.26	11.94	13.51	12.16	13.54	17.89	34.37	9.45	11.72	8.80	15.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	164.51	59.70	36.28	30.76	46.17	68.34	126.63	100.98	56.00	34.02	53.33
Accounts Payable Turnover	24.76	7.93	4.84	5.78	9.29	2.69	17.35	9.13	2.76	8.01	6.14
Days Sales Outstanding (DSO)	32.40	61.13	27.02	30.01	26.95	20.40	21.24	105.94	31.15	41.49	23.41
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	14.74	219.56	75.49	63.15	39.31	135.86	84.51	297.94	132.39	45.55	59.41
Cash Conversion Cycle (CCC)	17.66	-15.47	-48.46	-33.14	-12.35	-115.46	-10.41	-89.49	-101.24	-4.06	-36.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	55	96	174	345	670	640	1,192	3,404	1,327	611	540
Invested Capital Turnover	2.09	3.76	2.39	1.63	1.28	1.27	3.40	1.42	0.62	0.77	1.68
Increase / (Decrease) in Invested Capital	2.85	40	78	171	325	-30	552	2,212	-2,077	-716	-71
Enterprise Value (EV)	31	86	178	308	733	870	5,325	4,201	2,063	1,330	855
Market Capitalization	86	190	270	220	423	742	1,936	1,775	618	139	143
Book Value per Share	$6.71	$7.84	$10.05	$9.72	$13.39	$20.16	$23.99	$31.24	$9.52	($16.11)	($5.61)
Tangible Book Value per Share	$4.30	$3.11	$4.17	($2.13)	($3.10)	$3.73	$7.37	($30.80)	($12.22)	($33.91)	($22.34)
Total Capital	111	356	472	799	1,183	1,522	3,004	6,205	2,770	1,318	1,307
Total Debt	1.51	55	206	540	793	983	1,953	4,836	2,411	1,774	1,428
Total Long-Term Debt	0.00	55	206	540	793	983	1,953	4,836	2,411	1,758	1,421
Net Debt	-54	-104	-92	87	280	101	141	1,018	1,377	1,159	661
Capital Expenditures (CapEx)	0.24	0.63	-0.01	5.40	-3.25	2.04	0.66	7.83	-9.78	7.69	-91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3.09	-42	35	56	-45	-191	-16	147	463	-57	-52
Debt-free Net Working Capital (DFNWC)	53	146	188	236	60	-87	264	837	687	190	177
Net Working Capital (NWC)	51	146	188	236	60	-87	264	837	687	174	171
Net Nonoperating Expense (NNE)	0.52	1.17	4.90	19	35	-2.33	-74	177	173	427	-231
Net Nonoperating Obligations (NNO)	-54	-104	-92	87	280	101	141	2,035	967	1,067	660
Total Depreciation and Amortization (D&A)	0.85	4.31	11	14	19	19	26	80	54	60	48
Debt-free, Cash-free Net Working Capital to Revenue	-2.75%	-22.22%	10.92%	13.15%	-6.92%	-22.95%	-3.00%	29.39%	31.56%	-7.64%	-5.37%
Debt-free Net Working Capital to Revenue	46.67%	76.81%	58.26%	55.77%	9.14%	-10.39%	33.92%	122.00%	46.88%	25.50%	18.33%
Net Working Capital to Revenue	45.33%	76.81%	58.26%	55.77%	9.14%	-10.39%	50.89%	83.30%	46.88%	23.31%	17.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.73	$1.19	$0.50	$0.60	$3.08	$7.83	$15.99	$0.00	($3.69)	($25.46)	$9.80
Adjusted Weighted Average Basic Shares Outstanding	16.22M	18.11M	23.18M	25.94M	26.40M	25.61M	27.37M	0.00	29.27M	30.34M	30.56M
Adjusted Diluted Earnings per Share	$0.73	$1.17	$0.48	$0.58	$2.95	$7.56	$15.09	$0.00	($3.69)	($25.46)	$9.80
Adjusted Weighted Average Diluted Shares Outstanding	16.27M	18.39M	24.29M	26.76M	27.53M	27.19M	29.01M	0.00	29.27M	30.34M	30.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$7.56	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	16.61M	19.31M	26.63M	26.65M	26.13M	26.51M	27.77M	0.00	0.00	0.00	35.15M
Normalized Net Operating Profit after Tax (NOPAT)	14	73	24	41	118	212	377	27	118	-273	54
Normalized NOPAT Margin	12.53%	38.45%	7.47%	9.81%	18.15%	25.41%	24.27%	7.98%	8.05%	-36.64%	5.59%
Pre Tax Income Margin	18.90%	49.43%	6.35%	5.04%	17.88%	33.50%	79.08%	-55.99%	-13.60%	-120.63%	23.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.48	24.41	3.44	1.36	3.29	4.23	11.21	0.28	0.67	-3.24	1.35
NOPAT to Interest Expense	16.90	33.96	2.01	1.05	2.33	3.09	8.16	0.84	0.42	-2.29	0.69
EBIT Less CapEx to Interest Expense	26.20	24.09	3.44	1.20	3.36	4.20	16.80	0.26	0.73	-3.29	2.15
NOPAT Less CapEx to Interest Expense	16.62	33.64	2.01	0.88	2.40	3.06	8.15	0.12	0.48	-2.34	1.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	68.21%	213.87%	245.21%	144.82%	52.91%	23.20%	82.33%	-168.17%	-147.38%	-6.78%	1.38%
Augmented Payout Ratio	68.21%	213.87%	245.21%	258.87%	58.13%	46.85%	248.75%	-176.49%	-213.15%	-6.78%	1.38%

This table displays calculated financial ratios and metrics derived from B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	3/31/2026
DEI Shares Outstanding	30,571,779.00	30,582,871.00	30,582,871.00	30,295,303.00	30,295,303.00	30,295,303.00	30,497,066.00	30,597,066.00	70,301,864.00
DEI Adjusted Shares Outstanding	30,571,779.00	30,582,871.00	30,582,871.00	30,295,303.00	30,295,303.00	30,295,303.00	30,497,066.00	30,597,066.00	70,301,864.00
DEI Earnings Per Adjusted Shares Outstanding	-2.48	-3.00	-1.67	-14.38	-9.45	0.03	-0.39	2.91	3.01
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	16.39%	9.65%	-31.13%	-63.48%	-51.73%	-52.64%	-37.48%	58.45%	89.22%
EBITDA Growth	-99.60%	-127.43%	-100.70%	-313.33%	-20,002.36%	-393.16%	-5,274.41%	210.15%	535.65%
EBIT Growth	-116.26%	-152.58%	-118.91%	-364.37%	-576.08%	-263.65%	-212.27%	190.46%	396.87%
NOPAT Growth	-109.72%	-115.91%	-119.52%	-377.02%	-929.28%	-180.38%	-283.78%	212.37%	430.26%
Net Income Growth	-244.95%	-41.30%	-389.58%	-1,090.80%	-276.89%	93.75%	65.45%	133.22%	1,440.97%
EPS Growth	-265.36%	-62.63%	-435.29%	-1,025.81%	-271.15%	99.69%	77.19%	130.99%	1,784.62%
Operating Cash Flow Growth	-415.22%	-17.63%	157.25%	355.25%	116.48%	-104.19%	-99.86%	0.00%	20,591.85%
Free Cash Flow Firm Growth	-77.75%	295.12%	-78.13%	81.57%	288.82%	-70.93%	140.14%	-34.00%	-60.19%
Invested Capital Growth	-7.41%	-61.02%	-17.77%	-25.72%	-33.63%	-53.97%	-53.04%	-22.53%	-21.03%
Revenue Q/Q Growth	-10.59%	-27.29%	12.66%	-56.75%	18.20%	-28.66%	48.73%	0.00%	0.00%
EBITDA Q/Q Growth	-99.65%	-9,660.18%	97.90%	-1,773.76%	67.02%	-136.89%	77.13%	0.00%	0.00%
EBIT Q/Q Growth	-114.58%	-294.84%	66.61%	-6,976.05%	62.73%	-112.38%	71.33%	0.00%	0.00%
NOPAT Q/Q Growth	-110.04%	-700.35%	74.92%	-6,323.33%	62.70%	-118.02%	65.68%	0.00%	0.00%
Net Income Q/Q Growth	-274.29%	-17.50%	46.52%	-804.58%	33.70%	98.05%	-195.52%	0.00%	0.00%
EPS Q/Q Growth	-263.23%	-27.27%	46.89%	-739.18%	34.56%	99.89%	-3,800.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-582.12%	155.44%	106.78%	-17.64%	-82.55%	-114.10%	106.71%	0.00%	45.20%
Free Cash Flow Firm Q/Q Growth	-15.44%	1,787.85%	-85.48%	-23.93%	81.07%	41.13%	19.95%	0.00%	0.00%
Invested Capital Q/Q Growth	-5.54%	-6.26%	6.79%	-21.44%	-15.60%	-34.99%	8.95%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	73.89%	145.54%	66.90%	27.03%	77.01%	-7.48%	57.31%	87.40%	81.80%
EBITDA Margin	0.09%	-12.27%	-0.23%	-137.90%	-38.47%	-127.76%	-19.64%	26.75%	45.22%
Operating Margin	-2.20%	-24.19%	-5.38%	-148.46%	-46.85%	-143.18%	-33.04%	23.54%	43.44%
EBIT Margin	-3.35%	-18.16%	-5.38%	-148.57%	-46.85%	-139.47%	-26.89%	26.75%	42.18%
Profit (Net Income) Margin	-21.01%	-33.95%	-16.11%	-292.37%	-164.00%	-4.48%	-8.90%	34.39%	63.10%
Tax Burden Percent	61.69%	54.23%	58.03%	106.12%	204.46%	2.09%	72.02%	96.91%	92.93%
Interest Burden Percent	1,017.83%	344.62%	515.83%	185.45%	171.21%	153.79%	45.99%	132.68%	160.98%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.20%	7.07%
Return on Invested Capital (ROIC)	-1.65%	-10.49%	-3.19%	-103.19%	-24.66%	-77.22%	-14.10%	0.00%	76.86%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.88%	-13.49%	-6.50%	-127.58%	-44.55%	-65.44%	-11.74%	0.00%	87.47%
Return on Net Nonoperating Assets (RNNOA)	-13.88%	-38.78%	-15.80%	-917.43%	-2,483.09%	1,380.09%	170.12%	0.00%	-415.39%
Return on Equity (ROE)	-15.53%	-49.27%	-19.00%	-1,020.62%	-2,507.75%	1,302.87%	156.01%	0.00%	-338.53%
Cash Return on Invested Capital (CROIC)	15.77%	90.66%	19.29%	16.27%	17.71%	37.97%	35.68%	0.00%	71.21%
Operating Return on Assets (OROA)	-0.88%	-4.37%	-1.23%	-40.60%	-10.00%	-26.48%	-5.25%	0.00%	28.42%
Return on Assets (ROA)	-5.56%	-8.16%	-3.69%	-79.90%	-34.99%	-0.85%	-1.74%	0.00%	42.51%
Return on Common Equity (ROCE)	-11.77%	-34.81%	-12.66%	-589.59%	5,062.87%	2,661.90%	271.33%	0.00%	-447.09%
Return on Equity Simple (ROE_SIMPLE)	-19.19%	0.00%	0.00%	296.66%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.59	-45	-11	-154	-58	-125	-43	65	142
NOPAT Margin	-1.54%	-16.93%	-3.77%	-103.92%	-32.79%	-100.22%	-23.13%	23.26%	40.37%
Net Nonoperating Expense Percent (NNEP)	8.22%	2.99%	3.30%	24.39%	19.89%	-11.78%	-2.37%	-2.68%	-10.61%
Return On Investment Capital (ROIC_SIMPLE)	-0.19%	-1.61%	-0.44%	-7.65%	-3.35%	-9.51%	-3.91%	5.25%	9.90%
Cost of Revenue to Revenue	26.11%	-45.54%	33.10%	72.97%	22.99%	107.48%	42.69%	12.60%	18.20%
SG&A Expenses to Revenue	55.69%	60.99%	60.13%	141.10%	91.85%	111.95%	89.96%	51.78%	38.16%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	76.09%	169.72%	72.28%	175.48%	123.86%	135.70%	90.35%	63.86%	38.36%
Earnings before Interest and Taxes (EBIT)	-12	-48	-16	-220	-82	-174	-50	74	149
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.34	-32	-0.68	-205	-67	-160	-37	74	159
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.78	2.12	2.79	0.00	0.00	0.00	0.00	0.00	3.33
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.73	0.42	0.48	0.41	0.18	0.19	0.19	0.00	0.23
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.49
Dividend Yield	10.62%	19.80%	16.80%	17.01%	57.14%	65.36%	77.52%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	203.11%
Enterprise Value to Invested Capital (EV/IC)	1.52	1.56	1.29	1.68	1.99	2.18	2.02	1.61	1.35
Enterprise Value to Revenue (EV/Rev)	1.36	1.41	1.37	1.44	2.11	1.78	2.12	0.00	0.62
Enterprise Value to EBITDA (EV/EBITDA)	9.88	12.77	28.91	0.00	0.00	0.00	0.00	0.00	1.78
Enterprise Value to EBIT (EV/EBIT)	12.94	19.11	252.79	0.00	0.00	0.00	0.00	0.00	2.00
Enterprise Value to NOPAT (EV/NOPAT)	18.10	30.69	0.00	0.00	0.00	0.00	0.00	0.00	2.49
Enterprise Value to Operating Cash Flow (EV/OCF)	55.91	84.21	17.03	9.61	5.63	5.05	10.48	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	9.27	0.96	6.03	8.79	8.96	3.62	3.62	0.00	1.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	5.13	6.70	7.54	-15.09	-5.02	-3.89	-3.43	-6.77	9.53
Long-Term Debt to Equity	5.13	6.70	7.54	-14.95	-5.02	-3.86	-3.43	-6.73	9.45
Financial Leverage	1.41	2.88	2.43	7.19	55.73	-21.09	-14.49	-3.61	-4.75
Leverage Ratio	9.78	11.68	12.70	29.76	199.96	-81.53	-42.18	-5.99	-10.59
Compound Leverage Factor	99.58	40.24	65.49	55.20	342.35	-125.39	-19.40	-7.94	-17.05
Debt to Total Capital	83.69%	87.02%	88.29%	107.10%	124.86%	134.59%	141.24%	117.32%	90.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.98%	0.00%	1.24%	0.00%	0.83%	0.75%
Long-Term Debt to Total Capital	83.69%	87.02%	88.29%	106.11%	124.86%	133.35%	141.24%	116.49%	89.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.88%	2.47%	2.78%	3.73%	4.16%	2.44%	3.89%	3.85%	4.11%
Common Equity to Total Capital	14.43%	10.51%	8.93%	-10.83%	-29.02%	-37.03%	-45.13%	-21.17%	5.39%
Debt to EBITDA	11.01	14.91	35.78	-12.23	-7.02	-4.10	-3.32	0.00	3.26
Net Debt to EBITDA	4.35	8.52	17.69	-7.12	-5.37	-2.68	-2.53	0.00	0.98
Long-Term Debt to EBITDA	11.01	14.91	35.78	-12.12	-7.02	-4.06	-3.32	0.00	3.24
Debt to NOPAT	20.17	35.85	-660.06	-12.49	-8.00	-5.09	-4.09	0.00	4.57
Net Debt to NOPAT	7.97	20.48	-326.37	-7.27	-6.12	-3.33	-3.12	0.00	1.37
Long-Term Debt to NOPAT	20.17	35.85	-660.06	-12.38	-8.00	-5.05	-4.09	0.00	4.53
Altman Z-Score	0.38	0.35	0.30	-0.03	-0.31	-0.59	-0.46	0.00	0.62
Noncontrolling Interest Sharing Ratio	24.24%	29.35%	33.37%	42.23%	301.89%	-104.31%	-73.91%	0.00%	-32.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.56	2.86	1.64	1.23	1.38	1.42	2.08	1.84	1.39
Quick Ratio	0.88	0.88	0.85	0.70	0.71	0.52	0.87	0.74	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	108	2,032	295	231	419	591	709	276	282
Operating Cash Flow to CapEx	-11,518.24%	3,393.42%	14,825.52%	2,462.06%	1,515.19%	-283.95%	0.00%	0.00%	3,857.45%
Free Cash Flow to Firm to Interest Expense	2.87	69.45	8.27	5.42	10.76	16.98	17.54	14.01	16.69
Operating Cash Flow to Interest Expense	-3.15	2.24	3.80	2.61	0.50	-0.08	0.00	0.00	2.25
Operating Cash Flow Less CapEx to Interest Expense	-3.18	2.17	3.77	2.51	0.47	-0.11	0.02	0.00	2.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.24	0.23	0.27	0.21	0.19	0.20	0.00	0.67
Accounts Receivable Turnover	16.45	11.72	10.88	11.05	8.07	8.80	6.85	0.00	17.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	77.35	56.00	51.48	35.46	25.97	34.02	30.15	0.00	63.73
Accounts Payable Turnover	11.30	2.76	3.22	7.77	2.34	8.01	8.15	0.00	6.58
Days Sales Outstanding (DSO)	22.18	31.15	33.54	33.02	45.20	41.49	53.29	0.00	20.76
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	32.29	132.39	113.39	47.00	156.24	45.55	44.81	0.00	55.50
Cash Conversion Cycle (CCC)	-10.10	-101.24	-79.85	-13.98	-111.03	-4.06	8.48	0.00	-34.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	1,416	1,327	1,417	1,113	939	611	665	728	525
Invested Capital Turnover	1.08	0.62	0.85	0.99	0.75	0.77	0.61	0.00	1.90
Increase / (Decrease) in Invested Capital	-113	-2,077	-306	-385	-476	-716	-752	-212	-140
Enterprise Value (EV)	2,153	2,063	1,826	1,867	1,869	1,330	1,346	1,173	707
Market Capitalization	1,151	618	637	534	159	139	118	183	257
Book Value per Share	$13.53	$9.52	$7.47	($7.21)	($16.42)	($16.11)	($16.29)	($8.51)	$2.53
Tangible Book Value per Share	($13.65)	($12.22)	($18.15)	($34.33)	($39.05)	($33.91)	($33.75)	($25.42)	($13.97)
Total Capital	2,867	2,770	2,560	2,017	1,714	1,318	1,101	1,230	1,435
Total Debt	2,400	2,411	2,260	2,160	2,141	1,774	1,555	1,443	1,299
Total Long-Term Debt	2,400	2,411	2,260	2,140	2,141	1,758	1,555	1,433	1,288
Net Debt	948	1,377	1,117	1,257	1,638	1,159	1,185	942	390
Capital Expenditures (CapEx)	1.03	1.93	0.91	4.53	1.28	0.97	-0.49	0.00	0.99
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-13	463	43	-103	-28	-57	108	107	-53
Debt-free Net Working Capital (DFNWC)	242	687	235	135	133	190	246	292	125
Net Working Capital (NWC)	242	687	235	116	133	174	246	282	114
Net Nonoperating Expense (NNE)	71	45	37	280	230	-120	-26	-31	-80
Net Nonoperating Obligations (NNO)	948	967	1,117	1,256	1,366	1,067	1,119	941	389
Total Depreciation and Amortization (D&A)	12	16	15	16	15	15	13	0.00	11
Debt-free, Cash-free Net Working Capital to Revenue	-0.80%	31.56%	3.21%	-7.96%	-3.12%	-7.64%	16.98%	0.00%	-4.68%
Debt-free Net Working Capital to Revenue	15.26%	46.88%	17.68%	10.44%	15.02%	25.50%	38.76%	0.00%	11.03%
Net Working Capital to Revenue	15.26%	46.88%	17.68%	8.92%	15.02%	23.31%	38.76%	0.00%	10.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.53)	($3.26)	($1.71)	($14.35)	($9.39)	($0.01)	($0.39)	$2.91	$6.62
Adjusted Weighted Average Basic Shares Outstanding	29.96M	29.27M	29.99M	30.35M	30.50M	30.34M	30.50M	30.60M	31.92M
Adjusted Diluted Earnings per Share	($2.53)	($3.22)	($1.71)	($14.35)	($9.39)	($0.01)	($0.39)	$2.91	$6.57
Adjusted Weighted Average Diluted Shares Outstanding	29.96M	29.27M	29.99M	30.35M	30.50M	30.34M	30.50M	30.60M	32.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.58M	0.00	30.30M	0.00	0.00	0.00	0.00	0.00	37.13M
Normalized Net Operating Profit after Tax (NOPAT)	19	-44	-11	-135	-57	-125	-43	65	142
Normalized NOPAT Margin	5.35%	-16.62%	-3.58%	-90.85%	-32.75%	-99.89%	-23.13%	23.32%	40.37%
Pre Tax Income Margin	-34.05%	-62.60%	-27.77%	-275.52%	-80.21%	-214.49%	-12.36%	35.48%	67.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.32	-1.64	-0.45	-5.16	-2.11	-5.02	-1.24	3.77	8.79
NOPAT to Interest Expense	-0.15	-1.53	-0.31	-3.61	-1.48	-3.60	-1.07	3.28	8.41
EBIT Less CapEx to Interest Expense	-0.35	-1.71	-0.47	-5.27	-2.15	-5.04	-1.23	0.00	8.73
NOPAT Less CapEx to Interest Expense	-0.18	-1.59	-0.34	-3.72	-1.51	-3.63	-1.05	0.00	8.35
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-192.54%	-147.38%	-73.64%	-16.92%	-9.18%	-6.78%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-268.31%	-213.15%	-73.64%	-19.34%	-9.18%	-6.78%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

B. Riley Financial’s latest quarter shows a sharp rebound in reported earnings, but the balance sheet and cash flow still reflect a highly leveraged, somewhat volatile business profile. In Q1 2026, the company generated solid revenue and strong net income, while cash flow turned negative and debt remained very large. Over the last four years, the big story has been swings in profitability, major changes in asset values, and a balance sheet that carries substantial leverage.

Q1 2026 revenue rose to $352.1 million, up from $277.9 million in Q3 2025 and $186.1 million in Q1 2025, showing a meaningful recovery in top-line activity.
Q1 2026 gross profit was $288.0 million, with gross margin near 81.8%, a strong improvement versus prior periods.
Q1 2026 net income attributable to common shareholders reached $211.3 million, a big turnaround from a loss of $11.99 million in Q1 2025 and $286.4 million of loss in Q3 2024.
Operating income improved to $152.9 million in Q1 2026, compared with $65.4 million in Q3 2025 and losses in earlier 2024 quarters.
Cash and equivalents increased sequentially to $175.8 million at March 31, 2026, versus $184.2 million in Q3 2025 and $138.3 million in Q1 2025.
Long-term investments remained large at $730.4 million, suggesting the company still has a sizable investment portfolio that could support liquidity if needed.
Interest and investment income stayed meaningful at $107.5 million in Q1 2026, helping offset interest expense of $16.9 million.
Operating cash flow was positive at $38.1 million in Q1 2026, although it was well below the prior quarter’s $26.2 million and much weaker than Q1 2025’s $184,000 breakeven level.
Free cash flow pressure remains visible: Q1 2026 net change in cash and equivalents was negative $51.3 million, driven by working-capital outflows and financing activity.
Debt remains very high, with long-term debt of $1.29 billion and short-term debt of $10.7 million at Q1 2026, leaving the company highly leveraged.
Balance sheet leverage is still heavy: total liabilities were $1.72 billion versus total equity and noncontrolling interests of $136.3 million, meaning the company remains balance-sheet stretched.
Retained earnings are still deeply negative at $550.0 million, reflecting a long history of accumulated losses.
The balance sheet has been volatile over the past year, including a swing from negative common equity in Q3 2025 to positive equity in Q1 2026, which suggests significant mark-to-market or asset value fluctuations.

Longer-term trend: RILY’s financial picture has been highly uneven. In 2024, the company posted several large quarterly losses, including Q2 2024 net income of negative $433.8 million and Q3 2024 net income of negative $287.6 million. By late 2025 and early 2026, results improved dramatically, with much stronger revenue, operating income, and reported profits. However, the cash flow statement shows that earnings quality and working-capital swings remain important risks, and the capital structure still relies heavily on debt.

Bottom line: The latest quarter looks much better on the income statement, but investors should be cautious. B. Riley Financial has shown it can swing from losses to strong profits quickly, yet the business still carries high leverage and volatile cash generation. For retail investors, this is a name where balance-sheet risk matters as much as earnings momentum.

07/05/26 08:29 AM ETAI Generated. May Contain Errors.

B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 Financials - Frequently Asked Questions

According to the most recent income statement we have on file, B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's net income appears to be on a downward trend, with a most recent value of $310.29 million in 2025, rising from $13.58 million in 2015. The previous period was -$774.94 million in 2024.

B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's total operating income in 2025 was $75.58 million, based on the following breakdown:

Total Gross Profit: $682.82 million
Total Operating Expenses: $607.24 million

Over the last 10 years, B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's total revenue changed from $112.53 million in 2015 to $967.60 million in 2025, a change of 759.9%.

B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's total liabilities were at $1.83 billion at the end of 2025, a 18.4% decrease from 2024, and a 7,808.5% increase since 2015.

In the past 10 years, B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's cash and equivalents has ranged from $30.01 million in 2015 to $278.93 million in 2021, and is currently $226.60 million as of their latest financial filing in 2025.

Over the last 10 years, B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's book value per share changed from 6.71 in 2015 to -5.61 in 2025, a change of -183.7%.

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Financial statements for NASDAQ:RILYK last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 (RILYK) Financials

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B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 (RILYK) Financials

Annual Income Statements for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026

Quarterly Income Statements for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026

Annual Cash Flow Statements for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026

Quarterly Cash Flow Statements for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026

Annual Balance Sheets for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026

Quarterly Balance Sheets for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026

Annual Metrics And Ratios for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026

Quarterly Metrics And Ratios for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026

Financials Breakdown Chart

Key Financial Trends

B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 Financials - Frequently Asked Questions

When does B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's financial year end?

How has B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's net income changed over the last 10 years?

What is B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's operating income?

How has B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's revenue changed over the last 10 years?

How much debt does B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 have?

How much cash does B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 have?

How has B. Riley Financial, Inc. 5.50% Senior Notes Due 2026's book value per share changed over the last 10 years?

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