B. Riley Financial(RILY) - 2025 Q3 - Quarterly Results

Financial Performance - For Q3 2025, B. Riley Securities reported total revenue of approximately $109.1 million and adjusted net revenue of approximately $75.7 million[3] - Net income for the third quarter was approximately $41.8 million, while adjusted net income totaled approximately $18.9 million[3] - Investment banking revenue was $53.9 million, while institutional brokerage revenue was $51.6 million for the quarter[14] Capital Management - The company raised approximately $10.5 billion in capital for clients through equity and debt financings during the quarter[2] - B. Riley Securities has a debt-free balance sheet with cash and securities totaling $145.9 million as of September 30, 2025[10] - The Board approved a dividend of $0.40 per common share, amounting to approximately $7.4 million in total distribution[10] - The company continues to evaluate future returns of capital to shareholders based on available excess capital and business growth prospects[10] Risk Management and Strategy - The company emphasized a disciplined approach to risk management and recruiting new talent to strengthen its platform[2] - Upcoming conferences, including the Convergence Conference focusing on AI and blockchain, reflect the company's commitment to high-quality engagement[2] Adjusted Financial Metrics - Adjusted net income excludes certain non-GAAP adjustments, providing a clearer view of the firm's operating performance[4]