Welcome to our dedicated page for B. Riley Financial news (Ticker: RILY), a resource for investors and traders seeking the latest updates and insights on B. Riley Financial stock.
Overview
B. Riley Financial, Inc. (symbol: RILY) is a diversified financial services firm offering a wide range of solutions including investment banking, capital advisory, and financial consulting services. The firm operates through several wholly-owned subsidiaries and affiliated entities to deliver comprehensive support in areas such as wealth management, corporate restructuring, risk and compliance, forensic accounting, litigation support, as well as asset disposition and valuation. With its robust, cross-platform expertise, B. Riley Financial provides tailored, full-service solutions to public and private companies, institutional clients, and high-net-worth individuals across the United States, Canada, and Europe.
Core Business and Services
B. Riley Financial leverages its integrated platform to serve clients at every stage of the business life cycle. The company’s operations are segmented into key areas that include:
- Capital Markets: Involves investment banking, underwriting, and strategic advisory services that support capital raising and restructuring efforts.
- Wealth Management: Offers tailored investment management solutions and financial planning services designed for institutional investors and high-net-worth individuals.
- Financial Consulting: Provides forensic accounting, litigation support, risk management, and valuation and appraisal services.
- Auction and Liquidation: Manages asset dispositions, including auction and liquidation services with comprehensive valuation analyses.
- Communications and Consumer Products: Extends into areas such as internet access and subscription-based services, complementing its core offerings.
Business Model and Market Position
The company’s robust business model is built on leveraging the diverse expertise of its subsidiaries to offer end-to-end financial solutions. B. Riley Financial generates revenue through a mix of advisory fees, transactional services, underwriting activities, and proprietary investments. Operating across multiple segments, the firm not only meets traditional capital raising needs but also provides specialized advisory in distressed asset situations, complex restructurings, and forensic investigations. This diversified approach enables the company to deliver uncorrelated free cash flow and maintain a resilient balance sheet, even amid market fluctuations.
Expertise and Industry Approach
B. Riley Financial is known for its collaborative, client-focused approach that benefits from decades of industry-specific experience and technical proficiency. The firm’s strategic differentiation comes from its ability to integrate services across investment banking, wealth management, and advisory platforms, ensuring that clients receive comprehensive financial solutions. The emphasis on due diligence, risk and compliance, and forensic accounting underlines the company’s commitment to robust analytical practices and transparency, which are critical in complex financial transactions.
Subsidiaries and Operational Structure
The company operates through a portfolio of subsidiaries that specialize in different areas of the financial services landscape. This structure includes teams focused on capital management, independent broker-dealer operations, and niche advisory services that address asset monetization, restructuring, and valuation. Such a configuration allows for a tailored, flexible approach to meet the varied strategic, operational, and financial needs of its clients. Through its subsidiary B. Riley Securities, for instance, the company has cemented its reputation in the middle market, offering specialized services in equity research and capital structure advisory.
Competitive Landscape and Value Proposition
In a competitive financial services market, B. Riley Financial distinguishes itself by blending traditional investment banking with innovative advisory solutions. The firm’s integrated service model is backed by extensive experience, which enables it to manage both routine and complex financial situations. This capability is particularly beneficial to middle-market companies seeking diversified support without the need for multiple service providers. By maintaining a focus on core financial operations while opportunistically investing in non-traditional assets, B. Riley Financial offers a nuanced, resilient platform that adapts to evolving market dynamics.
Client Focus and Service Excellence
The firm serves a broad spectrum of clients—from rapidly growing middle-market companies and established corporations to high-net-worth individuals seeking capital management and estate planning solutions. Its long history in the industry is a testament to its discipline in managing client relationships, mitigating risk, and executing complex transactions in environments that demand both agility and precision. With a transparent and unbiased approach, B. Riley Financial reinforces investor confidence and demonstrates its commitment to high standards of corporate governance and fiduciary responsibility.
Conclusion
B. Riley Financial, Inc. remains a significant player in the financial services sector by consistently providing integrated, cross-platform financial solutions tailored to diverse client needs. Its methodical approach to capital markets, wealth management, and comprehensive advisory services makes it a reliable partner for entities seeking both stability and extensive industry know-how. The company’s endurance in addressing capital, operational, and strategic challenges underscores its enduring value proposition in an increasingly complex financial environment.
B. Riley Financial (NASDAQ: RILY) has announced a private bond exchange agreement that will reduce its total outstanding debt by approximately $35 million. The agreement involves an institutional investor exchanging approximately $123 million in Senior Notes for $88 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028.
The exchange includes approximately $86 million in 5.5% Senior Notes (NASDAQ: RILYK) due March 2026 and $37 million in 5.0% Senior Notes (NASDAQ: RILYG) due December 2026. As part of the agreement, the company will issue warrants to purchase about 351,000 common shares at an exercise price of $10.00 per share, exercisable for seven years from issuance.
B. Riley Financial (NASDAQ: RILY) has announced a strategic carve-out transaction involving its investment banking subsidiary, B. Riley Securities (BRS). Through a merger with Cascadia Investments, BRS will now operate independently with its own governance structure and trade on the OTC Pink market under 'BRLY'. B. Riley Financial retains approximately 89% ownership, with remaining shares held by BRS employees and certain Cascadia shareholders.
BRS, which will be debt-free and well-capitalized, will be led by Andy Moore and Jimmy Baker as Co-CEOs. Since 2017, BRS has led over 250 capital markets transactions, raised more than $115 billion in debt and equity, and advised on M&A and restructuring deals exceeding $33 billion in total value.
The tax-free separation aims to provide enhanced transparency for stakeholders and enable independent valuation of BRS as a pure-play investment bank focused on small cap and middle markets. BRS will maintain its own board of directors, with four members appointed by BRF, including two independent directors within 30 days.
B. Riley Financial (NASDAQ: RILY) has announced the completion of the sale of Atlantic Coast Recycling, for $70 million in cash proceeds. The transaction is expected to generate a gain of approximately $30 million in the first quarter. The company's Principal Investments team had initially invested about $39 million in the business, making it a profitable venture for B. Riley.
B. Riley Financial (NASDAQ: RILY) has released preliminary Q4 2024 financial estimates, projecting net income available to common shareholders between $48 million to $68 million, or $1.57 to $2.22 per diluted share. This includes approximately $236-247 million income from discontinued operations related to Great American businesses divesture.
The company reports a net loss from continuing operations of ($178) million to ($187) million, impacted by goodwill impairment charges of $73-79 million and $49 million in trading and investment losses. Operating adjusted EBITDA from continuing operations is estimated at $12-14 million.
As of December 31, 2024, B. Riley held $257 million in cash and restricted cash, with total debt of $1.78 billion. The company has reduced debt by over $700 million since January 2024 and retired its Nomura facility. The final audited results are due March 17, 2025.
B. Riley Financial (NASDAQ: RILY) has announced the completion of redemption procedures for all outstanding 6.375% Senior Notes due February 28, 2025 (NASDAQ: RILYM). The notes were redeemed at 100% of their principal amount, plus accrued and unpaid interest on the redemption date of February 28, 2025. Following the redemption, the Notes have ceased trading on NASDAQ.
B. Riley Financial (NASDAQ: RILY) has secured a new $160 million senior secured debt facility from Oaktree Capital Management. The company used $118 million to retire its Nomura Senior Secured Credit Agreement, with the remaining funds allocated for working capital, including up to $35 million for its participation in JOANN's liquidation joint venture.
Through GA Group, in which B. Riley holds a 44% stake, the company will serve as JOANN's exclusive liquidation agent for all 790 store locations, managing approximately $2 billion in retail inventory. The liquidation is expected to complete in 12 weeks.
The new three-year facility terms include an interest rate of three-month SOFR plus 8.00%. Additionally, B. Riley issued warrants to Oaktree to purchase 1,832,290 common shares (6% of outstanding stock) at $5.14 per share, representing a 20% premium to the 30-day VWAP.
B. Riley Financial (NASDAQ: RILY) has successfully regained compliance with Nasdaq Listing Rule 5250(c)(1) following the filing of its Third Quarter 10-Q. The company received confirmation from The Nasdaq Stock Market on February 24, 2025, verifying its return to compliance status. This listing rule specifically mandates that listed companies must file all required periodic reports with the Securities and Exchange Commission in a timely manner.
B. Riley Financial (NASDAQ: RILY) has announced it will release preliminary Q4 2024 financial results after market close on March 3, 2025, followed by an investor conference call at 4:30 p.m. ET. The company has filed its Q3 2024 Form 10-Q and expects to regain compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports.
During the upcoming conference call, management plans to provide a comprehensive business update, discuss priorities for the coming year, and outline capital allocation strategies focused on growth and value creation.
B. Riley Securities has announced its upcoming Precision Oncology & Radiopharma Investor Conference, scheduled for February 28, 2025, in New York. The one-day event will showcase over 30 companies focused on next-generation targeted oncology and radiopharmaceutical therapeutics and diagnostics.
The conference will feature research analyst-moderated panels discussing healthcare policy disruptions, radiopharma value chain developments, antibody drug conjugates, T-cell engagers, and synthetic lethality approaches. These emerging modalities have been significant targets in recent pharmaceutical acquisitions.
According to Andy Moore, CEO of B. Riley Securities, the conference brings together industry leaders developing breakthrough therapies, offering investors opportunities to participate in healthcare advancement. The event format includes panels, presentations, fireside chats, and roundtables, with attendance being invitation-only. Interested parties can register by emailing BRSHealthcareEvents@brileyfin.com.
B. Riley Securities has announced its 25th Annual Investor Conference, scheduled for May 21-22, 2025, at the Ritz-Carlton, Marina Del Rey in California. The premier West Coast event will feature approximately 200 public companies presenting to over 1,000 attendees including institutional, private equity, and venture capital investors.
The two-day conference will include research analyst-moderated executive roundtables, fireside chats, thematic industry panel discussions, and one-on-one meetings with corporate management teams. CEO Andy Moore emphasized the conference's role in creating value for clients and maintaining long-standing partnerships.
The event is invitation-only, with B. Riley's award-winning equity research team curating a mix of new and established companies. Interested parties can request invitations via email at 1on1@brileyfin.com, while sponsorship inquiries should be directed to conference@brileyfin.com.
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