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B. Riley Financial's Second Quarter 2025 Financial Results

B. Riley Financial, Inc. (NASDAQ: RILY), a diversified holding company, has unveiled its financial performance for the second quarter of 2025. The company reported a net income of $137.5 million, showcasing a remarkable recovery from a net loss of $(435.6) million during the same quarter last year. The improvements in financial results can be largely attributed to strategic changes in operational practices and a notable focus on enhancing the company’s overall financial health.

Bryant Riley, Chairman and Co-CEO, expressed satisfaction over the Q2 results, indicating they aligned with earlier expectations shared in the August earnings call. He acknowledged the team’s hard work, which enabled the successful filing of the quarterly Form 10-Q ahead of Nasdaq’s compliance deadline. The company's skilled handling of financial operations has vitalized its performance, offering a more robust development trajectory moving forward.

Financial Highlights

The company's second quarter financial highlights include:

• - Net Income: $137.5 million, a stark contrast to the $435.6 million net loss reported in Q2 2024. This income comprises $66.8 million in gains from the sale of GlassRatner and $44.5 million from senior note exchanges.
• - Income from Continuing Operations: Reached $71.7 million, which also reflects significant gains through senior note exchanges, compared to a loss in the previous year.
• - Income from Discontinued Operations: The company saw a $69.3 million income from discontinued operations, which includes the same aforementioned gains from GlassRatner.
• - Total Revenues: Reporting $225.3 million, a significant improvement from $94.9 million in Q2 2024, underlined by a strong performance across various service segments.
• - EBITDA: Operating adjusted EBITDA from continuing operations stood at $38.5 million, indicating operational strength compared to $31.2 million from the previous year.
• - Debt Management: Total debt decreased to $1.46 billion, down from $1.77 billion at the end of 2024, with a significant reduction of net debt to $824.8 million.

The company also noted a cash balance of $268.6 million, slightly up from $247.3 million at the previous year-end, indicating improved liquidity and cash management. Securities and other investments valued at $242.4 million further highlight the company's active engagement in investment opportunities.

Operational Improvements and Future Outlook

B. Riley Financial’s strategic adjustments designed to enhance its operational prowess have been pivotal in driving the firm's financial restoration. Amidst a tumultuous financial landscape, these adjustments have resulted in the company being poised for continued success as it moves toward filing its Q3 2025 Form 10-Q by the designated deadline of January 20, 2026.

Looking ahead, the company's commitment to strong financial management and strategic investments promises potential growth and further enhancement of shareholder value. Bryant Riley concluded with optimism about the future, anticipating the possibility of meeting or exceeding financial projections in the coming quarters.

In summary, B. Riley Financial's performance in Q2 2025 signifies a strong turnaround, consolidating its efforts to reclaim market position and improve overall financial resilience. The company remains steadfast in delivering shareholder value and optimizing its diverse portfolio across financial services, telecom, and retail business sectors.

For further details, stakeholders can visit the company's official site at www.brileyfin.com.