Latest news with #BRileyFinancial
Globe and Mail
5 days ago
- Business
- Globe and Mail
B Riley Financial Posts Q2 Profit Jump
Key Points Adjusted net revenue (non-GAAP) reached $51.5 million in Q2 2025, with investment banking and institutional brokerage making up most of the total. The company posted GAAP net income of $12.5 million in Q2 2025 and ended the quarter with no debt with $94.5 million in cash and securities as of June 30, 2025. A one-time dividend of $0.22 per share was declared, but no recurring dividend program was established. These 10 stocks could mint the next wave of millionaires › B. Riley Financial (NASDAQ:RILY), a diversified financial services firm operating across investment banking, wealth management, and asset disposition, released its earnings for the period ended June 30, 2025, on Aug. 7, 2025. The highlight was a debt-free balance sheet, $94.5 million in cash and securities as of June 30, 2025, and GAAP net income of $12.5 million. Adjusted net revenue (non-GAAP) was $51.5 million. There were no published analyst estimates or prior-period comparables for this stand-alone quarter after the carve-out of its securities operations, leaving direct performance comparisons unavailable. Overall, the period reflected stabilization in core businesses and improvements in profitability, but the sustainability of gains remains to be seen. B. Riley Financial's Business and Focus Areas B. Riley Financial operates a mix of capital markets, wealth management, and asset disposition businesses. Its core unit, B. Riley Securities, handles investment banking (which includes services like underwriting new stock or debt offerings and advising on mergers), institutional brokerage (stock and bond trading for clients), and research. Other segments include wealth management, auctions and liquidations, principal investments in communications, and a brands licensing business. The company's most recent focus is on strengthening its capital markets and core advisory practices. It aims to grow its footprint in high-growth sectors, particularly by raising capital for technology clients and expanding expertise in renewables and health care. Key success factors include team expansion and a disciplined approach to returning capital, as evidenced by its dividend announcements. Quarter in Review: Performance, Drivers, and Events The quarter's results spotlight the impact of a recent business carve-out, with B. Riley Securities reporting as the principal operating business for the first time. Adjusted net revenue, which excludes gains related to legacy investment positions, reached $51.5 million in Q2 2025. While institutional brokerage commissions contributed $25.4 million. Capital markets activity improved sequentially, as management noted, 'client activity increased significantly during the quarter, driving sequential improvements in both Institutional Brokerage commissions and Investment Banking revenue.' The company put a spotlight on capital markets products, including convertibles (debt that can become equity), variable rate financings, and continued growth in flexible funding solutions. Over the past year, the company has helped clients raise over $8 billion to support AI-driven investments, reflecting both client demand and the firm's advisory strengths. Additionally, B. Riley Securities added seven senior executives across key industry sectors, such as technology, health care, and real estate, aiming to enhance client service and drive new business. Hosting its 25th annual investor conference strengthened engagement, with several hundred institutional investors and companies attending. The period saw no reporting detail on other B. Riley Financial units such as wealth management, auctions and liquidations, or the brands portfolio. Past quarters showed asset sales and joint ventures, such as a 44 % retained stake in Great American Group, following majority sales and decomposing non-core segments. The company further reduced its exposure to legacy investment positions, as reflected by adjustments in its reported profit. No major product launches or significant new business lines outside capital markets were highlighted in this quarter. From a balance sheet perspective, the company ended with no outstanding debt and $94.5 million in cash and securities as of June 30, 2025, supporting a strong liquidity position. It declared a one-time $0.22 per share dividend, totaling $4.1 million, approved in Q2 2025. Management explicitly stated this was not intended as a recurring program. Looking Ahead: Guidance and Investor Considerations B. Riley Financial's management did not provide any quantitative financial guidance for the next quarter or for fiscal 2025. Instead, management characterized the current phase as one of stabilization and cautious optimism, indicating that improvement 'has continued into Q3 2025.' They also cautioned that the quarter's performance should not be annualized or taken as a reliable indicator for future periods, citing the lumpy nature of capital markets revenue and the effect of non-recurring gains. Investors will want to watch for greater reporting detail in future quarters as the operations of B. Riley Securities and legacy businesses mature post-carve-out. Key factors include sustained deal flow across capital markets, effectiveness of new personnel hires, the recurrence or decline of non-GAAP investment gains, and the approach to future capital returns. The shifting segment structure and changing client activity patterns will remain important variables for tracking the company's trajectory. The quarterly dividend was declared as a one-time event and does not reflect an ongoing policy. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,069%* — a market-crushing outperformance compared to 184% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 13, 2025
Bloomberg
6 days ago
- Business
- Bloomberg
B. Riley Hires Adviser in Effort to File Late Financial Reports
B. Riley Financial Inc. said it has augmented staffing in a bid to file its long-awaited 2024 financial report, after extending a deadline twice this year to remain listed on Nasdaq. The Los Angeles-based firm hired a national accounting adviser in early July to support technical accounting, financial operations, documentation and internal control, B. Riley Chief Financial Officer Scott Yessner said on a conference call on Wednesday. It will remain engaged with the unnamed adviser throughout the 2025 auditing cycle, Yessner said.
Bloomberg
7 days ago
- Business
- Bloomberg
B. Riley Estimates Improved Net Income for Second Quarter
B. Riley Financial Inc. estimated it swung to a profit in the second quarter, as the firm continues its efforts to curb the financial strain caused by soured investments. The Los Angeles-based firm posted net income in the range of $120 million and $140 million for three months ended June 30, according to a filing on Tuesday releasing estimated financial results. The firm reported a $436 million net loss in the second quarter of last year.
Yahoo
29-07-2025
- Business
- Yahoo
B. Riley Financial to Host Call to Discuss Fiscal Year 2024 Results and a Preliminary Financial and Business Update for 1H2025 on Wednesday, August 13, 2025
LOS ANGELES, July 29, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it will host a conference call to discuss its financial performance for the year-ended December 31, 2024, as well as provide a preliminary financial and business update for the six-months ended June 30, 2025 on Wednesday, August 13, 2025 at 4:30 PM ET (1:30 PM PT). Bryant Riley, Chairman and Co-CEO, Tom Kelleher, Co-CEO, and Scott Yessner, CFO, will provide a comprehensive financial and business update. The presentation will be followed by a question-and-answer session with analysts and investors. Fiscal Year 2024 and 1H2025 Preliminary Financial and Business Update Call Details: Date: Wednesday, August 13, 2025 Time: 4:30 PM ET (1:30 PM PT) Location: Investors may access the conference call via the Company's investor relations website at under Events and Presentations. An audio recording will be made available for replay until September 12, 2025. About B. Riley Financial B. Riley Financial (BRF) is a diversified financial services company that through its operating entities or affiliates deliver tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. BRF leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its subsidiaries and affiliated entities, BRF provides end-to-end financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, appraisal and valuation, auction, and liquidation services. BRF opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. BRF refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit Forward-Looking Statements Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2023 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information. Contacts Investorsir@ Mediapress@ View original content: SOURCE B. Riley Financial, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
27-06-2025
- Business
- Bloomberg
B. Riley Sells Financial Adviser to Private Equity Firm TorQuest
B. Riley Financial Inc. has sold its financial advisory services business GlassRatner to Canadian private equity firm TorQuest Partners, adding to a series of asset sales as the financial services firm deals with its woes. The transaction entails a $118 million sale of GlassRatner Advisory & Capital Group LLC and B. Riley Farber Advisory Inc., collectively GlassRatner, and is expected to score a $66 million gain for B. Riley Financial, according to a statement seen by Bloomberg News.
