B. Riley Financial(US:RILY) Seeking Alphaยท2025-08-13 22:51Core Insights - B. Riley Financial has made significant progress in realigning its operating businesses towards Financial Services and Capital Markets, improving its capital structure, and reducing debt [3][5]. Financial Update - The company is in the late stages of documenting the 2024 annual audit and expects to file the 10-K shortly, with the first and second quarter 10-Qs ready for auditor review after the 10-K filing [4]. Strategic Focus - The company has refocused its strategy on Financial Services, supported by strong cash flows from other subsidiaries, particularly in Telecom [5][6]. Operational Performance - Strong client retention has been achieved due to the commitment of employees, which has positively impacted the company's performance [5]. Capital Deployment - B. Riley Financial believes it is well positioned to deploy capital and leverage cash generation from its diversified operating company portfolio [6].