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 LOS ANGELES CA 90025 |
| 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 President | 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 fiscal year ended 31 December 2023, B Riley Financial Inc revenues increased 72% to $1.51B. Net loss applicable to common stockholders decreased 49% to $86.4M. Revenues reflect Revenue Sales of Goods & Services increase from -$202.6M to $43.1M, Sale of goods increase from $142.3M to $314.5M, Services and fees increase of 12% to $1B. Lower net loss reflects Dividend income increase of 33% to $47.8M (income). |
| Employees: | 2,210 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,657M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,509M as of Dec 31, 2023 |
| EBITDA (TTM): | $286.35M as of Dec 31, 2023 |
| Net annual income (TTM): | -$86.37M as of Dec 31, 2023 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $4,992M as of Dec 31, 2023 |
| Shares outstanding: | 30,582,871 as of Dec 31, 2023 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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