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B. Riley Securities Reports Solid Financial Performance for 2025

B. Riley Securities Holdings, Inc., recognized as a premier full-service investment bank, disclosed its financial outcomes for the fourth quarter and the complete fiscal year ending December 31, 2025. The firm achieved remarkable milestones, executing over 200 client transactions that raised a staggering $42 billion in debt and equity capital during the fiscal year.

Financial Highlights

In FY25, B. Riley Securities generated revenues amounting to $260.2 million and reported a net income of $69.9 million. For the fourth quarter, revenues reached $92.1 million, with a net income of $41.8 million. This results reflect strong operational cash flow and a robust balance sheet, sustaining a debt-free status with $223.0 million in cash and securities at the end of the year. Furthermore, the company declared a $0.18 per share dividend, amounting to approximately $3.25 million distributed among shareholders.

Strategic Management Commentary

Chief Executive Officer Andy Moore remarked on the successes of 2025, stating that the results validate the durability of their platform, resulting from both team dedication and client trust in B. Riley’s offerings. The company aimed to integrate its affiliated banking and capital markets services, laying a clear strategy to transform market challenges into opportunities. This strategic consolidation is viewed as a critical move to capture market share as traditional middle-market funding sources diminish.

President and Head of Investment Banking, Joe Nardini, highlighted the importance of this integration, asserting it would provide B. Riley a unique position to tackle clients' capital needs and exploit the diminishing competition in the market. Reflecting on their accomplishments, he noted the execution of considerable transactions such as a $180 million IPO and a $170 million follow-on offering within the year.

As the financial landscape faces volatility, Nardini expressed confidence in the firm's historical ability to thrive amidst market dislocation. He anticipated that the company’s developing cross-platform capabilities would help diversify revenues in the second half of 2026 amidst projected market uncertainties.

Continued Growth and Talent Acquisition

B. Riley maintained its focus on expanding into underserved markets by onboarding 10 senior producers in FY25 to enhance its service offerings. This strategy is compounded by incorporating advanced operational efficiencies and leveraging artificial intelligence, which is seen as a critical component for accelerating execution.

Moving forward, B. Riley Securities is prepped for further strategic advancements, transitioning to consolidated financial reporting with its parent company, B. Riley Capital Group Holdings. This transition aims to provide clients with a unified vision of the firm's capabilities and ambitions at the upcoming 26th Annual Institutional Investor Conference.

Summary of Financial Results

• - Fourth Quarter 2025: Total revenues hit $92.1 million, with a net income of $41.8 million.
• - Full Year 2025: Achieved total revenues of $260.2 million and net income of $69.9 million after adjusting for certain non-GAAP metrics.

In summary, B. Riley Securities' performance through the challenges of 2025 not only demonstrates their strategic planning and operational execution but also sets a robust framework for future growth and market adaptability. Looking ahead, their moves towards integration and enhanced service capabilities will reflect in continued client engagements and financial returns in subsequent periods, renewing prospects for success in a shifting capital landscape.