<span item_type="fundamental" item_id="6ab4fc9d81989840f4891e5dda38ce14" counter_id="ST/US/RILYL" env="prod"></span><span item_type="announcement" item_id="594033464420998657" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 225.3 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD 4.5.</p><p>EBIT: As of FY2025 Q2, the actual value is USD 34.28 M.</p><p></p><h3>Net Income</h3><p>Net income for the second quarter of 2025 was $137.5 million, which includes gains of $66.8 million from the sale of GlassRatner and gains of $44.5 million from senior note exchanges, compared to a net loss of - $435.6 million in the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea026966301ex99-1_briley.htm"></span></p><h3>Income from Continuing Operations</h3><p>Income from continuing operations was $71.7 million, including gains of $44.5 million on senior note exchanges, compared to a loss from continuing operations of - $449.2 million in the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea026966301ex99-1_briley.htm"></span></p><h3>Income from Discontinued Operations</h3><p>Income from discontinued operations was $69.3 million, which includes gains of $66.8 million from the sale of GlassRatner, compared to $15.4 million in the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea026966301ex99-1_briley.htm"></span></p><h3>Revenues</h3><p>Revenues for the second quarter of 2025 were $225.3 million, compared to $94.9 million in the second quarter of 2024, due to a - $175.6 million loss on fair value adjustments on loans in the same period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea026966301ex99-1_briley.htm"></span></p><h3>Operating Adjusted EBITDA</h3><p>Operating adjusted EBITDA from continuing operations was $38.5 million, compared to $31.2 million in the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea026966301ex99-1_briley.htm"></span></p><h3>Total Debt</h3><p>Total debt was $1.46 billion, with net debt of $824.8 million, compared to $1.77 billion and $1.06 billion, respectively, as of December 31, 2024. The $314 million reduction in total debt was due to a decrease in senior notes payable of $207 million and term loans and notes payable of $107 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea026966301ex99-1_briley.htm"></span></p><h3>Cash and Investments</h3><p>Cash, cash equivalents, and restricted cash were $268.6 million, compared to $247.3 million as of December 31, 2024. Securities and other investments owned were $242.4 million, and total investments were $321.6 million, compared to $282.3 million and $432.6 million as of December 31, 2024, respectively.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea026966301ex99-1_briley.htm"></span></p><h3>Earnings Per Share</h3><p>Basic and diluted earnings per common share (EPS) were $4.50 compared to - $14.35 in the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea026966301ex99-1_briley.htm"></span></p><h3>Outlook</h3><p>B. Riley Financial is well positioned to file the third quarter Form 10-Q by the January 20, 2026 deadline established by Nasdaq, which will bring their financial reporting current. The company has made significant changes to its financial operations practices, enabling successful filing ahead of Nasdaq’s listing compliance deadline.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025121690/ea026966301ex99-1_briley.htm"></span></p>

B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2025 Q2 Revenue: USD 225.3 M