B. Riley Financial, Inc. 6.00% Senior Notes Due 2028
Cash Flow Statement
| Line Item | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-241.0M | $20.5M | $213.3M | $86.8M | $91.1M | $139.5M | $-10.0M | $2.9M |
| Depreciation & Amortization | $7.4M | $7.5M | $7.6M | $7.9M | $8.4M | $8.7M | $10.1M | $11.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $1.6M | $3.2M | $2.4M | $3.0M | $2.4M | $5.0M | $3.6M | $1.5M |
| Net Cash from Operating Activities | $104.0M | $-18.2M | $38.1M | $26.2M | $-60.6M | $-25.6M | $184.0K | $-2.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.6M | $1.3M | $987.0K | $1.0M | $1.1M | $2.5M | $6.7M | $1.2M |
| Business Acquisitions | — | — | — | — | — | — | — | $0 |
| Net Cash from Investing Activities | $30.2M | $-9.2M | $8.3M | $35.6M | $-13.3M | $230.0M | $59.2M | $415.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | $0 | $0 | $0 | $0 | $104.0K |
| Stock Repurchases | — | — | — | — | — | — | — | $0 |
| Net Cash from Financing Activities | $-144.5M | $6.3M | $-96.8M | $-18.4M | $-8.6M | $-79.9M | $-172.5M | $-317.2M |
| Net Change in Cash | $-9.9M | $-22.4M | $-51.3M | $43.8M | $-83.1M | $125.6M | $-113.6M | $86.8M |
| Free Cash Flow | $102.4M | $-19.4M | $37.1M | $25.2M | $-61.7M | $-28.0M | $-6.5M | $-4.0M |