<span item_type="fundamental" item_id="6ab4fc9d81989840f4891e5dda38ce14" counter_id="ST/US/RILYP" env="prod"></span><span item_type="announcement" item_id="594033464538438017" 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 30.27 M.</p><p></p><h3>Net Income</h3><ul><li>Net income for the second quarter of 2025 was $137.5 million, which includes gains of $66.8 million on the sale of GlassRatner and gains of $44.5 million on 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></li></ul><h3>Income from Continuing Operations</h3><ul><li>Income from continuing operations was $71.7 million, which includes 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></li></ul><h3>Income from Discontinued Operations</h3><ul><li>Income from discontinued operations was $69.3 million, which includes gains of $66.8 million on 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></li></ul><h3>Revenues</h3><ul><li>Revenues 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 that 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></li></ul><h3>Operating Adjusted EBITDA</h3><ul><li>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></li></ul><h3>Total Debt</h3><ul><li>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 of 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></li></ul><h3>Cash, Cash Equivalents, and Restricted Cash</h3><ul><li>Cash, cash equivalents, and restricted cash were $268.6 million, compared to $247.3 million as of December 31, 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></li></ul><h3>Securities and Other Investments Owned</h3><ul><li>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></li></ul><h3>Basic and Diluted Earnings per Common Share (EPS)</h3><ul><li>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></li></ul><h3>Outlook / Guidance</h3><ul><li>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.<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></li></ul>

B Riley Financial Pref Share RILYP 6.875 Perp 10/07/24 | 8-K: FY2025 Q2 Revenue: USD 225.3 M