B Riley Financial Inc - Understand $rily stock

$RILY Market Cap: $183.6 Million

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Financial Snapshot

Revenue

$1.505B

TTM

Gross Margin

81.39%

TTM

Net Earnings

-$146.6M

TTM

Current Assets

$534.1M

Q1 2024

Current Liabilities

$2.431B

Q1 2024

Current Ratio

21.97%

Q1 2024

Total Assets

$4.998B

Q1 2024

Total Liabilities

$4.698B

Q1 2024

Book Value

$299.7M

Q1 2024

Cash

$190.7M

Q1 2024

P/E

-1.252

Sep 13, 2024 EST

Free Cash Flow

$100.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$1.509B	$1.081B	$1.741B	$902.7M	$652.1M	$423.0M	$322.2M	$190.4M	$112.5M	$77.10M	$59.97M	$5.030M	$1.471M	$42.10M	$83.40M	$53.20M	$52.00M	$79.30M
YoY Change	39.61%	-37.91%	92.82%	38.43%	54.16%	31.28%	69.22%	69.24%	45.91%	28.57%	1092.19%	241.94%	-96.51%	-49.52%	56.77%	2.31%	-34.43%	161.72%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$1.509B	$1.081B	$1.741B	$902.7M	$652.1M	$423.0M	$322.2M	$190.4M	$112.5M	$77.10M	$59.97M	$5.030M	$1.471M	$42.10M	$83.40M	$53.20M	$52.00M	$79.30M
Cost Of Revenue	$449.9M	$221.1M	$81.34M	$72.90M	$66.40M	$35.60M	$55.90M	$55.60M	$32.10M	$37.50M	$35.70M	$12.75M	$19.75M	$22.10M	$30.20M	$25.30M	$35.30M	$60.70M
Gross Profit	$1.059B	$694.4M	$1.659B	$829.8M	$585.7M	$387.4M	$266.3M	$134.7M	$80.40M	$39.60M	$40.50M	-$7.720M	-$18.28M	$20.10M	$53.30M	$27.80M	$16.70M	$18.60M
Gross Profit Margin	70.18%	64.25%	95.33%	91.92%	89.82%	91.58%	82.65%	70.75%	71.47%	51.36%	67.54%	-153.48%	-1242.56%	47.74%	63.91%	52.26%	32.12%	23.46%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$828.3M	$714.6M	$906.0M	$427.9M	$384.9M	$310.4M	$213.0M	$82.10M	$58.30M	$44.50M	$36.38M	$39.83M	$32.95M	$31.40M	$35.70M	$21.70M	$21.30M	$17.60M
YoY Change	15.91%	-21.12%	111.73%	11.17%	24.0%	45.73%	159.44%	40.82%	31.01%	22.31%	-8.67%	20.91%	4.92%	-12.04%	64.52%	1.88%	21.02%	23.94%
% of Gross Profit	78.23%	102.92%	54.6%	51.57%	65.72%	80.12%	79.98%	60.95%	72.51%	112.37%	89.83%			156.22%	66.98%	78.06%	127.54%	94.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$49.60M	$39.97M	$25.87M	$19.37M	$19.05M	$13.81M	$11.14M	$4.310M	$850.0K	$650.0K	$611.0K	$626.0K	$713.0K	$790.0K	$630.0K	$430.0K	$390.0K
YoY Change	24.11%	54.49%	33.56%	1.68%	37.94%	23.97%	158.47%	407.06%	30.77%	6.38%	-2.4%	-12.2%	-9.75%	25.4%	46.51%	10.26%
% of Gross Profit	4.69%	5.76%	1.56%	2.33%	3.25%	3.56%	4.18%	3.2%	1.06%	1.64%	1.51%			3.93%	1.18%	1.55%	2.34%
Operating Expenses	$828.3M	$714.6M	$906.0M	$427.9M	$384.9M	$310.4M	$212.9M	$82.10M	$58.30M	$44.50M	$36.38M	$39.83M	$32.95M	$31.40M	$35.70M	$21.70M	$21.30M	$17.60M
YoY Change	15.91%	-21.12%	111.73%	11.17%	24.0%	45.8%	159.32%	40.82%	31.01%	22.31%	-8.67%	20.91%	4.92%	-12.04%	64.52%	1.88%	21.02%	23.94%
Operating Profit	$230.5M	$69.45M	$753.2M	$401.9M	$200.8M	$77.00M	$53.40M	$52.60M	$22.10M	-$4.900M	$4.098M	$7.441M	$7.440M	-$11.30M	$17.60M	$6.100M	-$4.600M	$1.000M
YoY Change	231.87%	-90.78%	87.42%	100.15%	160.78%	44.19%	1.52%	138.01%	-551.02%	-219.57%	-44.93%	0.01%	-165.84%	-164.2%	188.52%	-232.61%	-560.0%	-37.5%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense	-$285.7M	-$191.2M	-$142.3M	-$108.4M	-$82.50M	-$45.80M	-$20.50M	-$1.700M	-$800.0K	-$1.300M	$2.667M	$2.612M	$4.885M	-$4.800M	-$12.10M	-$3.900M	-$600.0K	-$3.500M
YoY Change	49.45%	34.39%	31.24%	31.39%	80.13%	123.41%	1105.88%	112.5%	-38.46%	-148.74%	2.11%	-46.53%	-201.77%	-60.33%	210.26%	550.0%	-82.86%	483.33%
% of Operating Profit	-123.97%	-275.3%	-18.89%	-26.97%	-41.09%	-59.48%	-38.39%	-3.23%	-3.62%		65.08%	35.1%	65.66%		-68.75%	-63.93%		-350.0%
Other Income/Expense, Net	$15.90M												$0.00	$0.00	$0.00	$100.0K	$100.0K	$100.0K
YoY Change															-100.0%	0.0%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	-$112.3M	-$220.5M	$614.8M	$279.5M	$116.6M	$21.30M	$20.40M	$47.00M	$21.30M	-$8.700M	$2.541M	$6.276M	$2.662M	-$16.10M	$5.400M	$2.300M	-$5.200M	-$2.400M
YoY Change	-49.07%	-135.86%	119.95%	139.71%	447.42%	4.41%	-56.6%	120.66%	-344.83%	-442.38%	-59.51%	135.76%	-116.53%	-398.15%	134.78%	-144.23%	116.67%	-318.18%
Income Tax	-$28.51M	-$63.86M	$164.0M	$75.40M	$34.60M	$4.900M	-$4.500M	$14.30M	$7.700M	-$2.900M	$704.0K	$1.936M	$2.060M	-$5.100M	-$11.70M	$0.00	$0.00	$0.00
% Of Pretax Income			26.67%	26.98%	29.67%	23.0%	-22.06%	30.43%	36.15%		27.71%	30.85%	77.39%		-216.67%	0.0%
Net Earnings	-$86.37M	-$159.8M	$445.1M	$205.1M	$81.60M	$15.50M	$11.60M	$21.50M	$11.80M	-$5.800M	$1.058M	$3.521M	$602.0K	-$11.00M	$17.00M	$300.0K	-$10.30M	-$8.400M
YoY Change	-45.96%	-135.91%	116.99%	151.35%	426.45%	33.62%	-46.05%	82.2%	-303.45%	-648.2%	-69.95%	484.88%	-105.47%	-164.71%	5566.67%	-102.91%	22.62%	-940.0%
Net Earnings / Revenue	-5.72%	-14.79%	25.57%	22.72%	12.51%	3.66%	3.6%	11.29%	10.49%	-7.52%	1.76%	70.0%	40.92%	-26.13%	20.38%	0.56%	-19.81%	-10.59%
Basic Earnings Per Share	-$3.69	-$5.95	$15.99	$7.83							$0.04	$0.12	$0.02
Diluted Earnings Per Share	-$2.95	-$5.95	$15.34M	$7.740M	$2.967M	$578.4K	$477.4K	$1.168M	$723.9K	-$604.2K	$0.04	$0.12	$0.02	-$7.857M	$18.89M	$600.0K	-$25.75M	-$21.00M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$232.0M	$268.6M	$278.9M	$103.6M	$104.3M	$179.4M	$132.8M	$112.1M	$30.00M	$21.60M	$18.90M	$18.70M	$15.00M	$20.10M	$38.00M	$17.00M
YoY Change	-13.65%	-3.7%	169.24%	-0.67%	-41.86%	35.09%	18.47%	273.67%	38.89%	14.29%	1.07%	24.67%	-25.37%	-47.11%	123.53%
Cash & Equivalents	$232.0M	$268.6M	$278.9M	$103.6M	$104.3M	$179.4M	$132.8M	$112.1M	$30.00M	$21.60M	$18.90M	$18.70M	$15.00M	$20.10M	$38.00M	$17.00M
Short-Term Investments
Other Short-Term Assets	$239.6M	$460.7M	$463.5M	$87.30M	$81.80M	$79.50M	$22.60M	$3.600M	$2.400M	$3.800M	$900.0K	$1.100M	$1.100M	$1.400M	$1.000M	$700.0K
YoY Change	-48.0%	-0.61%	430.93%	6.72%	2.89%	251.77%	527.78%	50.0%	-36.84%	322.22%	-18.18%	0.0%	-21.43%	40.0%	42.86%
Inventory	$110.5M							$0.00	$0.00	$4.100M	$14.00M	$2.200M	$0.00
Prepaid Expenses
Receivables	$115.5M	$149.1M	$35.39M	$36.20M	$38.60M	$15.50M	$20.00M	$19.00M	$9.500M	$10.10M	$8.900M	$16.60M	$7.500M	$3.100M	$2.600M	$4.700M
Other Receivables	$53.84M	$49.82M	$46.02M	$18.40M	$37.70M	$66.10M	$37.20M	$3.000M	$400.0K	$0.00	$8.100M	$0.00	$8.300M	$0.00	$1.100M	$0.00
Total Short-Term Assets	$640.9M	$928.2M	$823.8M	$245.5M	$262.4M	$340.5M	$212.6M	$137.7M	$42.30M	$39.60M	$50.80M	$38.60M	$31.90M	$24.60M	$42.70M	$22.40M
YoY Change	-30.96%	12.67%	235.58%	-6.44%	-22.94%	60.16%	54.39%	225.53%	6.82%	-22.05%	31.61%	21.0%	29.67%	-42.39%	90.63%
Property, Plant & Equipment	$112.8M	$115.7M	$69.84M	$60.50M	$60.50M	$15.50M	$12.00M	$5.800M	$600.0K	$800.0K	$1.100M	$1.000M	$900.0K	$1.400M	$1.400M	$1.100M
YoY Change	-2.53%	65.72%	15.44%	0.0%	290.32%	29.17%	106.9%	866.67%	-25.0%	-27.27%	10.0%	11.11%	-35.71%	0.0%	27.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.988B	$3.473B	$3.623B	$1.543B	$1.266B	$1.205B	$952.4M	$16.60M	$25.50M	$18.00M
YoY Change	14.85%	-4.15%	134.84%	21.87%	5.06%	26.51%	5637.35%	-34.9%	41.67%
Other Assets	$27.29M	$6.286M	$3.775M	$5.300M	$32.00M	$43.20M	$48.90M	$11.90M	$19.00M	$33.30M	$12.90M	$21.50M	$15.00M	$16.80M	$12.20M	$4.900M
YoY Change	334.08%	66.52%	-28.77%	-83.44%	-25.93%	-11.66%	310.92%	-37.37%	-42.94%	158.14%	-40.0%	43.33%	-10.71%	37.7%	148.98%
Total Long-Term Assets	$5.455B	$5.183B	$5.028B	$2.417B	$2.056B	$1.617B	$1.174B	$126.9M	$90.10M	$99.40M	$22.90M	$42.00M	$44.50M	$47.70M	$36.00M	$33.40M
YoY Change	5.24%	3.08%	108.01%	17.58%	27.12%	37.72%	825.37%	40.84%	-9.36%	334.06%	-45.48%	-5.62%	-6.71%	32.5%	7.78%
Total Assets	$6.096B	$6.111B	$5.852B	$2.663B	$2.318B	$1.958B	$1.387B	$264.6M	$132.4M	$139.0M	$73.70M	$80.60M	$76.40M	$72.30M	$78.70M	$55.80M
YoY Change
Accounts Payable	$44.55M	$81.38M	$6.326M	$2.700M	$4.500M	$5.600M	$2.700M	$2.700M	$1.100M	$1.100M
YoY Change	-45.26%	1186.5%	134.3%	-40.0%	-19.64%	107.41%	0.0%	145.45%	0.0%
Accrued Expenses	$371.1M	$422.1M	$344.6M	$229.3M	$192.2M	$108.7M	$71.70M	$40.60M	$15.40M	$11.10M	$11.60M	$16.90M	$13.70M	$10.60M	$9.200M	$21.90M
YoY Change	-12.07%	22.5%	50.27%	19.3%	76.82%	51.6%	76.6%	163.64%	38.74%	-4.31%	-31.36%	23.36%	29.25%	15.22%	-57.99%
Deferred Revenue
YoY Change
Short-Term Debt	$2.912B	$2.468B	$2.197B	$769.9M	$852.3M	$968.1M	$833.9M	$800.0K	$1.000M	$25.90M	$12.90M	$11.90M	$13.50M	$12.00M	$11.70M	$11.00M
YoY Change	18.0%	12.3%	185.4%	-9.67%	-11.96%	16.09%	104137.5%	-20.0%	-96.14%	100.78%	8.4%	-11.85%	12.5%	2.56%	6.36%
Long-Term Debt Due				$104.1M	$105.9M						$0.00	$0.00	$0.00	$0.00	$0.00	$200.0K
YoY Change				-1.7%											-100.0%
Total Short-Term Liabilities	$3.402B	$3.059B	$2.686B	$1.175B	$1.224B	$1.154B	$913.0M	$78.30M	$17.70M	$39.00M	$24.50M	$29.70M	$27.20M	$24.30M	$21.30M	$35.00M
YoY Change	11.21%	13.88%	128.59%	-3.99%	6.06%	26.39%	1066.03%	342.37%	-54.62%	59.18%	-17.51%	9.19%	11.93%	14.08%	-39.14%
Long-Term Debt	$2.313B	$2.319B	$1.953B	$896.2M	$699.5M	$540.5M	$203.6M	$27.70M	$0.00	$0.00	$48.80M	$50.50M	$52.20M	$52.20M	$44.60M	$4.200M
YoY Change	-0.28%	18.73%	117.95%	28.12%	29.42%	165.47%	635.02%			-100.0%	-3.37%	-3.26%	0.0%	17.04%	961.9%
Other Long-Term Liabilities	$0.00	$19.31M	$69.40M	$13.70M			$0.00	$4.100M	$2.400M		$1.700M	$4.600M	$5.100M	$4.600M	$13.70M	$2.200M
YoY Change	-100.0%	-72.18%	406.55%				-100.0%	70.83%			-63.04%	-9.8%	10.87%	-66.42%	522.73%
Total Long-Term Liabilities	$2.313B	$2.338B	$2.023B	$909.9M	$699.5M	$540.5M	$203.6M	$31.80M	$2.400M	$0.00	$50.50M	$55.10M	$57.30M	$56.80M	$58.30M	$6.400M
YoY Change	-1.1%	15.61%	122.3%	30.08%	29.42%	165.47%	540.25%	1225.0%		-100.0%	-8.35%	-3.84%	0.88%	-2.57%	810.94%
Total Liabilities	$5.783B	$5.665B	$5.191B	$2.150B	$1.958B	$1.700B	$1.121B	$115.3M	$23.00M	$41.90M	$77.80M	$85.70M	$84.60M	$81.20M	$79.70M	$41.30M
YoY Change	2.09%	9.13%	141.41%	9.84%	15.17%	51.64%	872.16%	401.3%	-45.11%	-46.14%	-9.22%	1.3%	4.19%	1.88%	92.98%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2013	2012	2011
Basic Shares Outstanding	29.27M shares	28.19M shares	27.37M shares	25.61M shares	28.68M shares	28.68M shares	28.54M shares
Diluted Shares Outstanding	29.27M shares	28.19M shares	29.01M shares	26.51M shares	29.91M shares	29.61M shares	29.41M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $183.59 Million

About B Riley Financial Inc

B. Riley Financial, Inc. engages in the provision of financial services and solutions to the capital raising and financial advisory needs of public and private firms. The company is headquartered in Los Angeles, California and currently employs 2,383 full-time employees. The company went IPO on 2009-08-03. Its Capital Markets segment provides investment banking and institutional brokerage services, fund and asset management services, and direct lending services. Its Wealth Management segment provides retail brokerage, investment management, and insurance and tax preparation services. Its Financial Consulting segment provides a variety of specialized advisory services spanning bankruptcy, restructuring, forensic accounting, crisis and litigation support, appraisal and valuation, real estate, and operations management. Its Auction and Liquidation provide retail liquidation services to help clients dispose of under-performing assets and generate cash from excess inventory. Its communications portfolio of companies consists of related businesses that it has acquired for attractive risk-adjusted investment return characteristics. Its Consumer Products segment is comprised of Targus, which is a multinational company.

Industry: Investment Advice Peers: Bgc Group Inc COWEN INC. Morgan Stanley Oppenheimer Holdings Inc Perella Weinberg Partners GREENHILL & CO INC StoneX Group Inc Moelis & Co PJT Partners Inc Piper Sandler Companies