B Riley Financial Pref Share RILYP 6.875 Perp 10/07/24 | 10-K: FY2024 Revenue: USD 838.6 M

Revenue: As of FY2024, the actual value is USD 838.6 M.

EPS: As of FY2024, the actual value is USD -25.46.

EBIT: As of FY2024, the actual value is USD -346.05 M.

Capital Markets Segment

• Services and Fees Revenue: Decreased by $56.5 million to $192.5 million in 2024 from $249.0 million in 2023, primarily due to decreases in corporate finance, consulting, and investment banking fees, commission fees, dividends, and interest income.
• Trading Loss: Increased by $77.1 million, resulting in a loss of $60.3 million in 2024 compared to income of $16.8 million in 2023.
• Fair Value Adjustments on Loans: Decreased by $345.7 million, primarily driven by unfavorable changes in fair value adjustments related to loans to Vintage Capital Management, LLC, Conn’s, Core Scientific, Inc., and Freedom VCM.
• Interest Income - Loans: Decreased by $69.1 million to $54.1 million in 2024 from $123.2 million in 2023.
• Interest Income - Securities Lending: Decreased by $90.8 million to $70.9 million in 2024 from $161.7 million in 2023.

Wealth Management Segment

• Services and Fees Revenue: Increased by $4.0 million to $197.5 million in 2024 from $193.5 million in 2023, primarily due to increases in wealth and asset management fees and other income.
• Trading Income: Decreased by $1.5 million to $3.3 million in 2024 from $4.8 million in 2023.

Financial Consulting Segment

• Services and Fees Revenue: Increased by $14.9 million to $92.2 million in 2024 from $77.3 million in 2023, primarily due to an increase from the bankruptcy and restructuring, forensic and litigation, C&W, Interface Consulting, and Farber divisions.

Communications Segment

• Services and Fees Revenue: Decreased by $41.5 million to $289.4 million in 2024 from $331.0 million in 2023, primarily due to a decrease in subscription services.
• Sale of Goods: Decreased by $1.1 million to $5.6 million in 2024 from $6.7 million in 2023.

E-Commerce Segment

• Services and Fees Revenue: $13.9 million in 2024, primarily from commission fees from Nogin, acquired in the second quarter of 2024.
• Sale of Goods: $10.6 million in 2024.

Consumer Products Segment

• Sale of Goods: Decreased by $30.6 million to $202.6 million in 2024 from $233.2 million in 2023.

All Other

• Services and Fees Revenue: Increased by $42.1 million to $90.0 million in 2024 from $48.0 million in 2023, primarily due to merchandise rental fees from bebe and operations of a regional environmental services business.
• Sale of Goods: Increased by $1.4 million to $1.8 million in 2024 from $0.4 million in 2023.

Outlook / Guidance

• The company anticipates that the reduction of indebtedness, including potentially through additional asset disposition or monetization transactions, will remain a key priority for the foreseeable future.