Financial Performance - Total revenues for the three months ended June 30, 2020, were $266,468,000, representing a 61.8% increase compared to $164,684,000 for the same period in 2019[179]. - Operating income increased by 196.8% to $131,340,000 for the three months ended June 30, 2020, compared to $44,255,000 for the same period in 2019[179]. - Net income attributable to B. Riley Financial, Inc. for the three months ended June 30, 2020, was $83,840,000, a 278.4% increase from $22,157,000 in the same period of 2019[179]. - Total revenues increased approximately $101.8 million to $266.5 million during the three months ended June 30, 2020, from $164.7 million during the same period in 2019[183]. - Income before income taxes increased to $114.7 million for the three months ended June 30, 2020, compared to $31.6 million for the same period in 2019, primarily driven by an increase in revenues from trading income and fair value adjustments of $109.0 million[208]. - Net income attributable to the Company increased to $83.8 million for the three months ended June 30, 2020, up from $22.2 million for the same period in 2019, reflecting an increase in operating income of $87.1 million[211]. Segment Performance - The Capital Markets segment generated revenues of $86,858,000, a 21.2% increase from $71,692,000 in the prior year[182]. - Trading income and fair value adjustments on loans in the Capital Markets segment surged to $114,547,000, compared to $5,595,000 in the same period last year, marking a significant increase[182]. - Revenues from services and fees in the Capital Markets segment increased $15.2 million to $86.9 million during the three months ended June 30, 2020, from $71.7 million during the same period in 2019[184]. - The Auction and Liquidation segment saw a revenue decline of 78.6%, dropping to $7,206,000 from $33,740,000 year-over-year[182]. - Revenues from services and fees in the Auction and Liquidation segment decreased $26.5 million to $7.2 million during the three months ended June 30, 2020, from $33.7 million during the same period in 2019[185]. - Gross margin in the Auction and Liquidation segment decreased to 55.4% of revenues during the three months ended June 30, 2020, compared to 61.7% during the same period in 2019[194]. - Gross margins in the Principal Investments — United Online and magicJack segment increased to 76.9% of revenues during the three months ended June 30, 2020, compared to 72.9% during the same period in 2019[196]. Expenses and Impairments - Total operating expenses increased by 12.2% to $135,128,000, compared to $120,429,000 in the same period of 2019[179]. - Total selling, general and administrative expenses increased approximately $14.7 million to $106.6 million during the three months ended June 30, 2020, from $91.9 million during the same period in 2019[199]. - Impairment of tradenames amounted to $8,500,000, reflecting a 100% increase from zero in the previous year[179]. - The Company recognized an impairment charge of $8.5 million for indefinite-lived tradenames in the Brands segment due to the impact of COVID-19[206]. - Selling, general and administrative expenses for the Corporate and Other segment decreased by approximately $0.9 million to $7.6 million for the three months ended June 30, 2020, from $8.5 million for the same period in 2019[205]. Cash Flow and Financing - Cash provided by operating activities was $13.4 million during the six months ended June 30, 2020, compared to $1.4 million for the same period in 2019[259]. - Cash used in investing activities was $82.6 million during the six months ended June 30, 2020, a decrease from $227.6 million for the same period in 2019[260]. - Cash provided by financing activities was $71.8 million during the six months ended June 30, 2020, compared to $104.1 million for the same period in 2019[261]. - As of June 30, 2020, the Company had $106.3 million of unrestricted cash and cash equivalents and $926.0 million of borrowings outstanding[253]. - The Company declared a regular quarterly dividend of $0.30 per share on July 30, 2020, an increase from $0.25 per share[254]. - The company amended its asset-based credit facility agreement, increasing the maximum borrowing limit from $100.0 million to $200.0 million, with an expiration date extended to April 21, 2022[262]. - The company issued $132.3 million of senior notes due in February 2025, with net proceeds of $129.2 million after costs, intended for general corporate purposes[266]. Market Risks and Economic Impact - The impact of the COVID-19 outbreak on the Company's financial position and cash flows remains uncertain and could materially affect operations[251]. - B. Riley's primary exposure to market risk is related to changes in interest rates, with borrowings under senior notes at fixed rates and credit facilities at floating rates[285]. - Foreign currency risks are present, but operating results for the six months ended June 30, 2020 included less than $0.3 million from foreign subsidiaries[287]. - B. Riley has not used derivative financial instruments for speculation or trading purposes[284]. Other Financial Metrics - The effective income tax rate was 28.1% for the three months ended June 30, 2020, compared to 29.4% for the same period in 2019[209]. - The effective income tax rate was a benefit of 24.2% for the six months ended June 30, 2020, compared to a provision of 29.0% in the prior year[245]. - Net loss attributable to noncontrolling interests was $1.9 million during the six months ended June 30, 2020, compared to net income of $0.1 million in the same period in 2019[246]. - Net loss attributable to the Company for the six months ended June 30, 2020 was $14.8 million, a decrease from net income of $30.2 million for the same period in 2019, primarily due to a decrease in operating income of $59.0 million[247]. - Net loss available to common shareholders for the six months ended June 30, 2020 was $17.0 million, compared to net income of $30.2 million for the same period in 2019, driven by a decrease in operating income and an increase in interest expenses[249].

B | R I L E Y `Financial 1 | --- | --- | |---------------------|-------| | | | | Investor Overview | | | Second Quarter 2020 | | | July 30, 2020 | | Safe Harbor Statement This presentation contains statements that are forward‐looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are based on management's current expectations and assumptions and are subject to risks and uncertainties. These forwa ...

B | R I L E Y Financial First Quarter 2020 Supplemental Financial Data May 11, 2020 1 NASDAQ: RILY Reconciliation of U.S. GAAP to Non-GAAP Measures | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------|-----------|----------|------------------------------------------|-------------|-----------| | (Unaudited) \n(Dollars in thousands) | Q1 2020 | Q4 2019 | Three Months Ended \nQ3 2019 | Q2 2019 | Q1 2019 | | Adjusted EBITDA and Operating Adjusted EBITDA Reconci ...

B. Riley Financial, Inc. (NASDAQ:RILY) Q1 2020 Earnings Conference Call May 11, 2020 4:30 PM ET Company Participants Bryant Riley - Chairman & Co-CEO Phillip Ahn - CFO & COO Thomas Kelleher - Co-CEO & Director Conference Call Participants Sean Haydon - THC Wesley Cummins - 272 Capital James Dressler - Princeton Asset Management Paul Dwyer - Punch & Associates Operator Good afternoon, and welcome to B. Riley Financial's First Quarter 2020 Earnings Call. Earlier today, B. Riley issued a press release and a pr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37503 B. RILEY FINANCIAL, INC. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 27-0223495 | | --- | --- | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37503 B. RILEY FINANCIAL, INC. (Exact name of registrant as specified in its charter) Delaware 27-0223495 (State or Other Jurisdictio ...

B. Riley Financial, Inc. (NASDAQ:RILY) Q4 2019 Earnings Conference Call March 3, 2020 4:30 PM ET Company Participants Bryant Riley - Chairman and Co-Chief Executive Officer Phillip Ahn - Chief Financial Officer and Chief Operating Officer Tom Kelleher - Co-Chief Executive Officer Conference Call Participants Wes Cummins - 272 Capital Sean Haydon - THC Operator Good afternoon and welcome to B. Riley Financial’s Fourth Quarter Full Year 2019 Earnings Call. Earlier today, B. Riley issued a press release with i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact Name of Registrant as Specified in Its Charter) | Delaware | 27-0223495 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer | (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37503 B. RILEY FINANCIAL, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 27-0223495 (State or Other Jurisdi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 27-0223495 (I.R.S. Employer Identification No.) (State or Other Jurisdiction of Incorporation or Organization) 21255 Burbank Boulevard, Suite 400 Woodland Hills, CA 91367 (Address of Principal Executive Offices) (Zip Code) For the quarterly period ended March 31, 2019 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ...