B. Riley Financial (RILY)
NASDAQ:RILY
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Earnings Data
Report Date
Jul 23, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
2.32Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive quarter driven by substantial investment mark-to-market gains, a strong rebound in Capital Markets results, significant debt reduction and improved operating metrics (operating adjusted EBITDA up ~40% sequentially). Management highlighted momentum in capital raising, active balance sheet management, and operational normalization after prior remediation. However, meaningful caveats remain: a large portion of the year-over-year improvement stems from non-recurring investment valuation gains (notably Babcock & Wilcox), cash declined quarter-over-quarter, private equity realizations reduced certain holdings, and material debt maturities remain later in 2026. Management emphasized ongoing cost/operational optimization, recovery of client relationships after prior delinquency, and strategic actions (BRS minority buyout, platform synergies) that should support continued improvement.Company Guidance
Strong Quarterly Profitability and Adjusted EBITDA
Net income available to common shareholders of $211.3M and adjusted EBITDA of $262.2M for Q1 2026; adjusted EBITDA swung from a loss of $45M in Q1 2025 to $262.2M in Q1 2026.
Operating Adjusted EBITDA Improvement
Operating adjusted EBITDA was $34.6M, up close to 40% sequentially, signaling improving core operating profitability.
Large YoY Revenue Increase Driven by Investment Gains
Total revenues of $352M in Q1 2026 versus $186M in Q1 2025 (≈ +89% YoY), driven primarily by $161M higher trading gains on investments (notably Babcock & Wilcox) and $130M related to value appreciation.
Capital Markets Segment Recovery
Capital Markets (B. Riley Securities) revenues of $172M in Q1 2026 versus $2M in Q1 2025 and segment income of $137M vs. a loss of $36M a year ago, reflecting a dramatic turnaround in that segment.
Balance Sheet and Debt Reduction Progress
Net debt stood at $372M, down approximately $255M from year-end; total debt reduced by $129M in the quarter (including $96M bond redemption and ~$40M of exchanges/buybacks).
Active Capital Markets Execution
B. Riley Securities executed nearly $10B in total debt and equity raises for clients in the quarter, filed $8.7B in new ATMs (including $6B and $1B facilities), and initiated coverage of 26 companies.
Segment-Level Improvements and Operational Leverage
Wealth revenues increased to $52M (from $47M) with segment income up to $16M; Targus revenue increased to $44M (from $42M) and operating loss narrowed from $5.1M to $2.6M; Communications Business Group improved aggregate income to $12.6M despite a small revenue decline.
Reduced Interest Expense
Interest expense decreased to $20M in Q1 2026, down $10M year-over-year, driven by lower average borrowings after senior note redemptions and debt reductions.
Investment Portfolio Mark-Ups
Securities and other investments rose $193M to $640M (driven primarily by a $229M value increase in Babcock & Wilcox and a $12.6M increase in SpaceX-related carried interest); SpaceX carrying value marked at $526 per share; Babcock valued at $14.69 per share (~27.4M shares).
Community and Talent Initiatives
Ongoing investor conference and charitable initiatives (Big Fighters, Big Cause has raised >$6M to date); active recruiting and platform-driven talent returns/hiring, supporting future revenue growth.
RILY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RILY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $8.69 | $8.18 | -5.87% |
Mar 31, 2026 | $7.32 | $6.87 | -6.15% |
Jan 14, 2026 | $7.54 | $9.50 | +25.99% |
Aug 13, 2025 | $6.01 | $6.92 | +15.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does B. Riley Financial (RILY) report earnings?
B. Riley Financial (RILY) is schdueled to report earning on Jul 23, 2026, TBA (Confirmed).
What is B. Riley Financial (RILY) earnings time?
B. Riley Financial (RILY) earnings time is at Jul 23, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RILY EPS forecast?
Currently, no data Available
