---
title: "B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2025 Q2 Revenue: USD 60.91 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252918228.md"
datetime: "2025-08-13T20:46:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252918228.md)
  - [en](https://longbridge.com/en/news/252918228.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252918228.md)
generator: "portal-rs"
---

# B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2025 Q2 Revenue: USD 60.91 M

Revenue: As of FY2025 Q2, the actual value is USD 60.91 M.

EBIT: As of FY2025 Q2, the actual value is USD 16.93 M.

### Financial Highlights

#### Q2 2025 Preliminary Unaudited Financial Results

-   **Total Revenue**: $60.9 million
-   **Adjusted Net Revenue**: $51.5 million
-   **GAAP Net Income**: $12.5 million
-   **Adjusted Net Income**: $8.6 million.

#### Operational Metrics

-   **Investment Banking Revenue**: $32.3 million
-   **Institutional Brokerage Revenue**: $25.4 million
-   **Interest Income**: $2.3 million
-   **Other Income**: $0.9 million
-   **Total Revenues**: $60.9 million
-   **Compensation and Benefits**: $29.7 million
-   **Interest Expense**: $1.7 million
-   **Other Operating Expenses**: $12.6 million
-   **Total Expenses**: $44.0 million
-   **Operating Net Income**: $16.9 million
-   **Net Income Before Income Taxes**: $16.9 million
-   **Income Tax Expense**: $4.4 million
-   **Net Income**: $12.5 million.

#### Cash Flow and Balance Sheet

-   **Cash and Securities**: $94.5 million
-   **Debt-Free Balance Sheet**: No outstanding debt.

#### Unique Metrics

-   **Goodwill and Intangibles**: $161.4 million
-   **Total Assets**: $382.1 million
-   **Total Liabilities**: $125.7 million
-   **Total Equity**: $256.5 million.

### Outlook / Guidance

-   The company has approved a common stock dividend of approximately $0.22 per common share, totaling around $4.1 million. While this does not establish a recurring dividend program, future returns of capital to shareholders will be evaluated based on available excess capital, business growth prospects, and client capital needs.

### Segment Revenue

-   Revenue for the first half of 2025 is expected to range from $405.0 million to $425.0 million.

### Operational Metrics

-   Preliminary year-end 2024 net loss available to common shareholders is $772.3 million, or $25.46 diluted net loss per common share.
-   Net income for the first half of 2025 is expected to range from $125.0 million to $145.0 million, which includes estimated gains on sale of $53 million from Atlantic Coast Recycling, $66 million from GlassRatner, and $55 million on senior note exchanges.
-   Net income from continuing operations is expected to range from $52.4 million to $72.4 million.
-   Operating adjusted EBITDA from continuing operations for the first half of 2025 is expected to range from $20.0 million to $26.0 million.

### Cash Flow

-   As of June 30, 2025, estimated cash, cash equivalents, and restricted cash are $268 million.

### Unique Metrics

-   Realized cash proceeds from business sales of approximately $187 million from the sales of GlassRatner and Atlantic Coast Recycling.
-   Bond exchanges achieved approximately $126 million of debt reduction through five bond exchanges through July 2025.

### Outlook / Guidance

-   The company expects net income available to common shareholders for the first half of 2025 to be in the range of $125.0 million to $145.0 million, or $4.08 to $4.74 diluted net income per common share.
-   Total debt is estimated to have decreased by $600 million from September 30, 2024, with net debt estimated to have decreased by $544 million to $574 million from September 30, 2024.

### Related Stocks

- [RILYL.US](https://longbridge.com/en/quote/RILYL.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**