rily: the income statement

MyFinsight

For the year ending 2024-12-31, RILY made $838,597K in revenue. -$772,334K in net income. Net profit margin of -92.10%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2024-12-31
Total revenues	838,597
Direct cost of services	213,901
Cost of goods sold	167,634
Selling, general and administrative expenses	759,777
Employee termination costs	1,522
Restructuring charge	1,522
Impairment of goodwill and other intangible assets	105,373
Interest expense - securities lending and loan participations sold	66,128
Total operating expenses	1,314,335
Operating (loss) income	-475,738
Interest income	3,621
Dividend income	4,462
Realized and unrealized losses on investments	-263,686
Change in fair value of financial instruments and other	4,614
Gain on bargain purchase	0
Income (loss) from equity method investments	31
Loss on extinguishment of debt	-18,725
Interest expense	133,308
Loss from continuing operations before income taxes	-878,729
(provision for) benefit from income taxes	22,125
Loss from continuing operations	-900,854
Income from discontinued operations, net of income taxes	125,915
Net loss	-774,939
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests	-10,665
Net loss attributable to b. riley financial, inc	-764,274
Preferred stock dividends	8,060
Net loss available to common shareholders	-772,334

Basic (loss) income per common share (in dollars per share)	-25.46
Diluted (loss) income per common share (in dollars per share)	-25.46
Weighted average basic common shares outstanding (in shares)	30,336,274
Weighted average diluted common shares outstanding (in shares)	30,336,274