B. Riley Financial, Inc., through its subsidiaries, provides collaborative financial services and solutions in North America, Australia, and Europe. The Capital Markets segments offers range of investment banking, corporate finance, consulting, financial advisory, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients. This segment also provides merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements services; asset management services; manages various private and public funds for institutional and individual investors; and trades in equity securities. The Auction and Liquidation Segment offers retail store liquidation, and wholesale and industrial assets disposition services. The Financial Consulting segment provides bankruptcy, financial advisory, forensic accounting, litigation support, real estate consulting, and valuation and appraisal services. The Principal Investments - United Online and magicJack segment provides consumer subscription services consisting of Internet access services and devices under the NetZero and Juno brands, as well as voice over IP cloud-based technology and communication services. The Brands segments provides licensing of a brand investment portfolio, including Catherine Malandrino, English Laundry, Joan Vass, Kensie Girl, Limited Too, and Nanette Lepore. In addition, it offers advisory services to private funds, and institutional and high net worth investors; brokerage services; senior secured and second lien secured loans to middle market public and the private U.S. companies; and consulting services to shareholders, creditors, and companies. The company was formerly known as Great American Group, Inc. and changed its name to B. Riley Financial, Inc. in November 2014. B. Riley Financial, Inc. was founded in 1973 and is headquartered in Los Angeles, California.
IPO Year:
Exchange: NASDAQ
Website: brileyfin.com
LOS ANGELES, May 28, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) ("BRF" or the "Company") today announced it received an expected delinquency notification letter from Nasdaq on May 21, 2025, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2025. The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's securities on Nasdaq. Nasdaq has informed the
Exchange Eliminates More than $100 Million in 2026 Maturities LOS ANGELES, May 21, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the "Agreement") with an institutional investor, which will reduce the Company's total outstanding debt by approximately $46 million. Pursuant to the Agreement and subject to the completion of certain closing procedures, the investor has agreed to exchange approximately $139 million in outstanding Senior Notes, consisting of $30 million in March 2026 notes, $75 million in December 2026 notes and $35 millio
Scott Yessner to Assume Chief Financial Officer Role, Succeeding Phillip Ahn LOS ANGELES, May 19, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that Scott Yessner has been appointed Chief Financial Officer, effective June 3, 2025. Mr. Yessner, who has served as a strategic advisor for B. Riley Financial for the past two months, will succeed Phillip Ahn, who is departing to pursue another opportunity. Mr. Yessner brings to B. Riley significant experience and a proven track record as the Chief Financial Officer of public and private companies, with a particular focus on leading corporate tra
LOS ANGELES, April 7, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the "Agreement") with an institutional investor, which will reduce the Company's total outstanding debt by approximately $12 million. Pursuant to the Agreement and subject to the completion of certain closing procedures, the investor has agreed to exchange approximately $22 million in outstanding Senior Notes for $10 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028 (the "Notes"). In addition, the Company is issuing to the investor w
LOS ANGELES, April 4, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") today announced it received an expected delinquency notification letter from Nasdaq on April 3, 2025, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Full Year Report on Form 10-K for the year ended December 31, 2024. The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's securities on Nasdaq. Nasdaq has informed the Compan
LOS ANGELES, March 26, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the "Agreement") with an institutional investor, which will reduce the Company's total outstanding debt by approximately $35 million. Pursuant to the Agreement and subject to the completion of certain closing procedures, the investor has agreed to exchange approximately $123 million in outstanding Senior Notes, consisting of approximately $86 million in 5.5% Senior Notes due March 31, 2026 (NASDAQ:RILYK) and approximately $37 million in 5.0% Senior Notes due Decemb
B. Riley Securities (BRS) to Serve Distinct Needs of Companies Across Middle Market Segments Well Capitalized and Debt Free, BRS to Benefit from Separate Operating and Governance Structures B. Riley Financial to Retain ~89% Ownership Stake in BRS with Remaining Shares Exclusively Held by Employees of BRS in Form of Restricted Stock Awards and Certain Existing Shareholders of Cascadia LOS ANGELES, March 11, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley," the "Company" or "BRF"), a diversified financial services company, today announced that a formerly wholly-owned subsidiary of the Company has merged with Cascadia Investments, Inc. (OTC:CDIV) ("Cascadia"), a shell en
Net Income Available to Common Shareholders Expected to be in Range of $48 million to $68 million, or $1.57 to $2.22 Per Diluted Net Income per Common Share LOS ANGELES, March 3, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today released preliminary estimates of financial results for the three-month period ending December 31, 2024. The estimated financial results provide a range that are unaudited and subject to completion of the ongoing audit of the Company's annual financial statements. Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "This quarter reflects a dem
LOS ANGELES, March 3, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it has completed the sale of Atlantic Coast Recycling, LLC for approximately $70 million in cash proceeds. The Company expects to record a gain of approximately $30 million on the sale in the first quarter. Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "Atlantic Coast Recycling has been a profitable investment for our Principal Investments team, which invested approximately $39 million in the business." About B. Riley FinancialB. Riley Financial is a diversified financial service
LOS ANGELES, Feb. 28, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has completed the redemption procedures of all the issued and outstanding 6.375% Senior Notes due February 28, 2025 (NASDAQ: RILYM) (the "Notes"). The redemption date for the Notes is February 28, 2025 and the Notes were redeemed at 100% of their principal amount, plus accrued and unpaid interest (the "Redemption Payment"). The Notes have ceased trading on the NASDAQ following the redemption. Investors in the Notes should contact the bank or broker through which they hold a beneficial interest in the Notes for info
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Net Income Available to Common Shareholders Expected to be in Range of $48 million to $68 million, or $1.57 to $2.22 Per Diluted Net Income per Common Share LOS ANGELES, March 3, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today released preliminary estimates of financial results for the three-month period ending December 31, 2024. The estimated financial results provide a range that are unaudited and subject to completion of the ongoing audit of the Company's annual financial statements. Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "This quarter reflects a dem
Retires Nomura Senior Secured Credit Facility Makes Strategic Investment and Loan in Joint Venture Overseeing JOANN's Liquidation LOS ANGELES, Feb. 27, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has entered into a new $160 million senior secured debt facility ("Term Loan Facility") provided by funds managed by Oaktree Capital Management, L.P. ("Oaktree"). B. Riley used approximately $118 million to retire the outstanding debt under its Nomura Senior Secured Credit Agreement and the rest for working capital, including up to $35 million in respect of its portion of the loan and i
Expects to Regain Compliance with Nasdaq Listing Rule 5250(c)(1) Following Filing of 10-Q for Quarter Ended September 30, 2024 LOS ANGELES, Feb. 24, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it will release preliminary financial results for the fourth quarter ended December 31, 2024 after market close on Monday, March 3, 2025. B. Riley Financial will host a conference call followed by a question-and-answer session with analyst and investors at 4:30 p.m. ET (1:30 p.m. PT) on the same day. Investors may access the live audio webcast and archived recording at https://ir.brileyfin.com/even
Provides Update on Preferred Stock Dividends LOS ANGELES, Jan. 21, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced the redemption on February 28, 2025 (the "Redemption Date") of all the issued and outstanding 6.375% Senior Notes due February 28, 2025 (NASDAQ:RILYM) (the "Notes"). The redemption price for the Notes will be equal to 100% of the aggregate principal amount of the Notes, plus any accrued and unpaid interest as set forth in each notice of redemption delivered to note holders (the "Redemption Payment"). Interest on the Notes will cease to accrue on and after the Redemption Date. Th
LOS ANGELES, Oct. 16, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company") has declared cash dividends on its 6.875% Series A Cumulative Perpetual Preferred Stock (NASDAQ:RILYP) and its 7.375% Series B Cumulative Perpetual Preferred Stock (NASDAQ:RILYL) (collectively, the "Preferred Stock"), each series of which is represented by depositary shares. Each depositary share represents 1/1000th fractional interest in a share of the respective Preferred Stock with a liquidation preference equivalent to $25.00 per depositary share. The 6.875% Series A Preferred Stock cash dividend equals $0.42968750 per depositary share. The 7.375% Series B Preferred Stock cash
NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the third quarter of 2024. This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). These changes will be effective prior to the opening of business
Provides Additional Detail on FRG Investment and Other Developments Investor Call Scheduled for Monday, August 12 at 8:30 am ET LOS ANGELES, Aug. 12, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services platform, today released preliminary financial results for the three-month period ending June 30, 2024. Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "Our second quarter results were negatively impacted by non-cash losses, the overwhelming majority of which relate to
LOS ANGELES, July 9, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company") has declared cash dividends on its 6.875% Series A Cumulative Perpetual Preferred Stock (NASDAQ:RILYP) and its 7.375% Series B Cumulative Perpetual Preferred Stock (NASDAQ:RILYL) (collectively, the "Preferred Stock"), each series of which is represented by depositary shares. Each depositary share represents 1/1000th fractional interest in a share of the respective Preferred Stock with a liquidation preference equivalent to $25.00 per depositary share. The 6.875% Serie
Adds Industry-Leading Team of Consultants to B. Riley Advisory Services, Enhances Platform's Continuum of Professional Services LOS ANGELES and HOUSTON, July 8, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley") today announced it has acquired the assets of Interface Consulting International, Inc. ("Interface Consulting"), a leading engineering and construction consulting and expert services firm. B. Riley Financial acquires Interface Consulting, industry leading expert services and dispute resolution firmInterface Consulting specializes in troubled proje
LOS ANGELES, May 15, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services platform, today released financial results for the three-month period ended March 31, 2024. First Quarter 2024 Summary Net loss available to common shareholders of $51 million primarily driven by non-cash, unrealized investment lossesTotal revenues of $343 million vs $432 million for the first quarter of 2023Operating revenues(3) of $379 million vs $389 millionOperating adjusted EBITDA(4)(5) of $66 million vs $88 millionTotal cash and
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Scott Yessner to Assume Chief Financial Officer Role, Succeeding Phillip Ahn LOS ANGELES, May 19, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that Scott Yessner has been appointed Chief Financial Officer, effective June 3, 2025. Mr. Yessner, who has served as a strategic advisor for B. Riley Financial for the past two months, will succeed Phillip Ahn, who is departing to pursue another opportunity. Mr. Yessner brings to B. Riley significant experience and a proven track record as the Chief Financial Officer of public and private companies, with a particular focus on leading corporate tra
Brendon Philipps joins B. Riley Securities from Guggenheim to Lead the Firm's Capital Structure Advisory and Liability Management Efforts LOS ANGELES, Sept. 23, 2024 /PRNewswire/ -- B. Riley Securities, a leading middle market investment bank and subsidiary of B. Riley Financial (NASDAQ:RILY), today announced the addition of Brendon Philipps as a Managing Director where he will lead the firm's Capital Structure Advisory and Liability Management efforts. "We are excited to welcome Brendon and his expertise to our team," said Andy Moore, CEO of B. Riley Securities. "Companies across the middle market are looking for help navigating a complex capital environment where the pace of restructuring
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
LOS ANGELES, May 31, 2024 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ:PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ:LVO), announced today the appointment of Jon Merriman to its Board of Directors. "We are thrilled to welcome Wall Street veteran Jon Merriman to our board of directors. His track record of finding undervalued, high growth publicly traded and privately held companies make him ideally suited to add significant value to our existing board of directors. We look forward to leveraging his experience and relationships to further scale our business operations, and our Company's awareness and recognition within the financial and investor community," said Podc
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 12, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises B. Riley Financial, Inc. ("B. Riley" or the "Company") (NASDAQ:RILY) investors that a lawsuit was filed on behalf of investors that purchased B. Riley securities between May 10, 2023 through November 9, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss inves
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 06, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises B. Riley Financial, Inc. ("B. Riley" or the "Company") (NASDAQ:RILY) investors that a lawsuit was filed on behalf of investors that purchased B. Riley securities between May 10, 2023 through November 9, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss inves
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises B. Riley Financial, Inc. ("B. Riley" or the "Company") (NASDAQ:RILY) investors that a lawsuit was filed on behalf of investors that purchased B. Riley securities between May 10, 2023 through November 9, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss inv
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises B. Riley Financial, Inc. ("B. Riley" or the "Company") (NASDAQ:RILY) investors that a lawsuit was filed on behalf of investors that purchased B. Riley securities between May 10, 2023 through November 9, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises B. Riley Financial, Inc. ("B. Riley" or the "Company") (NASDAQ:RILY) investors that a lawsuit was filed on behalf of investors that purchased B. Riley securities between May 10, 2023 through November 9, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss in
LOS ANGELES, April 26, 2022 /PRNewswire/ -- B. Riley Securities, a leading full-service investment bank and subsidiary of B. Riley Financial (NASDAQ:RILY) ("B. Riley"), today announced the appointments of Ji Pak and Mary Jo Collins to the fixed income division. Ji Pak will join as Managing Director, Financials, while Mary Jo Collins will join as Managing Director. RILY) logo (PRNewsfoto/B. Riley Financial)" alt="B. Riley Financial, Inc. (NASDAQ:RILY) logo (PRNewsfoto/B. Riley Financial)"> Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "W