B. Riley Financial, Inc. 7.50% Senior Notes Due 2027
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $239.1M | $352.1M | $278.4M | $277.9M | $225.3M | $186.1M | $178.6M | $175.4M |
| Cost of Revenue | $31.4M | $32.4M | $38.5M | $35.0M | $35.1M | $36.7M | $48.7M | $40.3M |
| Gross Profit | $207.8M | $319.7M | $239.8M | $242.9M | $190.2M | $149.3M | $129.8M | $135.1M |
| Gross Margin | 86.9% | 90.8% | 86.2% | 87.4% | 84.4% | 80.3% | 72.7% | 77.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $133.4M | $134.3M | $146.1M | $143.9M | $142.4M | $167.4M | $171.4M | $161.1M |
| Operating Income | $38.2M | $152.9M | $60.8M | $65.4M | $10.8M | $-61.5M | $-166.8M | $-82.2M |
| Operating Margin | 16.0% | 43.4% | 21.9% | 23.5% | 4.8% | -33.0% | -93.4% | -46.8% |
| Interest Expense | $18.0M | $19.8M | $20.1M | $18.8M | $24.0M | $30.0M | $31.1M | $33.0M |
| Pretax Income | $27.5M | $239.1M | $79.2M | $98.6M | $74.7M | $-23.0M | $-257.1M | $-140.7M |
| Income Tax Expense | $6.0M | $16.9M | $-11.1M | $1.2M | $3.1M | $-3.0M | $4.2M | $10.0M |
| Net Income | $20.5M | $213.3M | $86.8M | $91.1M | $139.5M | $-10.0M | $2.9M | $-284.4M |
| Net Margin | 8.6% | 60.6% | 31.2% | 32.8% | 61.9% | -5.4% | 1.6% | -162.2% |
| EPS (Basic) | $0.49 | $6.62 | $2.78 | $2.91 | $4.50 | $-0.39 | $-0.01 | $-9.39 |
| EPS (Diluted) | $0.45 | $6.57 | $2.78 | $2.91 | $4.50 | $-0.39 | $-0.01 | $-9.39 |
| Shares Outstanding (Basic) | 37.8M | 31.9M | 30.6M | 30.6M | 30.5M | 30.5M | 30.3M | 30.5M |
| Shares Outstanding (Diluted) | 38.4M | 32.2M | 30.6M | 30.6M | 30.5M | 30.5M | 30.3M | 30.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |