B Riley Financial Inc (OQ:RILY)

Business Focus: Investment Banking & Brokerage Services

Sector:  Financials Industry:  Investment Banking & Brokerage Services
See Regulatory Filings on SEC
Company Contact
Address: 11100 Santa Monica Blvd, Suite 800
Tel: 1-646-8855424
Website: https://brileyfin.com
IR: See website
Key People
Bryant R. Riley
Chairman of the Board, Co-Chief Executive Officer
Kenneth M. Young
Thomas J. Kelleher
Co-Chief Executive Officer, Director
Phillip J. Ahn
Chief Financial Officer, Chief Operating Officer
Andrew Moore
Chief Executive Officer of B. Riley Securities, Inc.
Alan N. Forman
Executive Vice President, General Counsel, Secretary
Timothy J. Shilling
Executive Vice President - B. Riley Retail Solutions
Howard E. Weitzman
Senior Vice President, Chief Accounting Officer
Business Overview
B. Riley Financial, Inc. is a diversified financial services platform. The Company's segments include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer segment. Capital Markets segment provides investment banking and institutional brokerage services. Wealth Management segment provides retail brokerage, investment management, and insurance and tax preparation services to individuals and families, small businesses, non-profits, trusts, foundations, endowments and qualified retirement plans. Financial Consulting segment provides a variety of specialized advisory services spanning bankruptcy, restructuring, turnaround management, forensic accounting, crisis and litigation support, appraisal and valuation, real estate, and operations management. Auction and Liquidation, Communications segment provides retail liquidation services. Consumer segment consists of Targus and its Brands investment portfolio.
Financial Overview
For the three months ended 31 March 2023, B Riley Financial Inc revenues increased from $197.7M to $403.6M. Net income applicable to common stockholders totaled $15.1M vs. loss of $12.1M. Revenues reflect Capital markets segment increase of 80% to $185.4M, Consumer segment increase from $4.6M to $70M, Communications segment increase from $32M to $86.9M, Northern America (Region) segment increase of 64% to $401.6M.
Employees: 2,210 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $6,300M as of Mar 31, 2023
Annual revenue (TTM): $1,078M as of Mar 31, 2023
EBITDA (TTM): $63.87M as of Mar 31, 2023
Net annual income (TTM): -$140.63M as of Mar 31, 2023
Free cash flow (TTM): -$77.71M as of Mar 31, 2023
Net Debt Last Fiscal Year: $5,245M as of Mar 31, 2023
Shares outstanding: 28,135,636 as of May 2, 2023
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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