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. operates a diversified financial services platform. Its Capital Markets segment provides investment banking and institutional brokerage services, fund and asset management services, and direct lending services. Its Wealth Management segment provides retail brokerage, investment management, and insurance and tax preparation services. Its Financial Consulting segment provides a variety of specialized advisory services spanning bankruptcy, restructuring, forensic accounting, crisis and litigation support, appraisal and valuation, real estate, and operations management. Its Auction and Liquidation provide retail liquidation services to help clients dispose of under-performing assets and generate cash from excess inventory. Its communications portfolio of companies consists of related businesses that it has acquired for attractive risk-adjusted investment return characteristics. Its Consumer Products segment is comprised of Targus, which is a multinational company.
Financial Overview
For the three months ended 31 March 2024, B Riley Financial Inc revenues decreased 22% to $313.5M. Net loss applicable to common stockholders totaled $51.2M vs. income of $15.1M. Revenues reflect Capital markets segment decrease of 52% to $89.8M, Consumer segment decrease of 26% to $51.5M, Communications segment decrease of 5% to $82.4M, Europe, Middle East and Africa segment decrease of 8% to $16.6M, Latin America segment decrease of 35% to $1.8M.
Employees: 2,383 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $4,900M as of Mar 31, 2024
Annual revenue (TTM): $1,391M as of Mar 31, 2024
EBITDA (TTM): $167.57M as of Mar 31, 2024
Net annual income (TTM): -$174.29M as of Mar 31, 2024
Free cash flow (TTM): -$18.19M as of Mar 31, 2024
Net Debt Last Fiscal Year: $4,043M as of Mar 31, 2024
Shares outstanding: 30,295,303 as of May 3, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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