B RILEY FINANCIA(US:RILYL)2025-12-15 21:15Financial 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 quarter was approximately $41.8 million, with adjusted net income totaling approximately $18.9 million[3]. - Investment banking revenue was $53.9 million, while institutional brokerage revenue was $51.6 million for the quarter[14]. - Adjusted net revenue excludes trading gains and losses, providing a clearer view of the firm's operating performance[4]. 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 company plans to evaluate future returns of capital to shareholders based on available excess capital and business growth prospects[10]. Shareholder Returns - The Board approved a dividend of $0.40 per common share, amounting to approximately $7.4 million in total distribution[10]. Strategic Initiatives - 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].