B Riley Financial (RILY) AI Stock Analysis

• Market Cap: $156.66M
• Dividend Yield: 20.22%
• Average Volume (3M): 603.62K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: -33.56%
• EPS Growth: -825.77%
• Country: US
• Employees: 2,383
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Conglomerates
• EPS (TTM): 0.03
• Shares Outstanding: 30,597,067
• 10 Day Avg. Volume: 453,387
• 30 Day Avg. Volume: 603,622
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.29
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 0.54
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: $5.00 ▼(-6.89% Downside)

B Riley Financial's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues, substantial losses, and high leverage. The technical analysis further indicates a bearish trend, with the stock trading below key moving averages and technical indicators suggesting oversold conditions. While the high dividend yield may be appealing, it is overshadowed by the company's financial instability and negative valuation metrics.

B Riley Financial Business Overview & Revenue Model

Company Description

B. Riley Financial, Inc., through its subsidiaries, provides investment banking and financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates in six segments: Capital Markets, Wealth Management, Auction and Liquidation, Financial Consulting, Principal Investments–Communications, and Brands. The Capital Markets segments offers investment banking, corporate finance, financial advisory, research, securities lending and sales, and trading services; merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements services; asset management services; and trades in equity securities. The Wealth Management segment provides wealth management and tax services. The Auction and Liquidation Segment offers retail store liquidation, and wholesale and industrial assets disposition services. The Financial Consulting segment provides bankruptcy, forensic accounting, litigation support, operations management and real estate consulting, and valuation and appraisal services. The Principal Investments–Communications segment provides consumer Internet access through United Online under the NetZero and Juno brands; VoIP communication and related products, and subscription services through magicJack; and mobile phone services and devices through Marconi Wireless. The Brands segments provides licensing of a brand investment portfolio, including Catherine Malandrino, English Laundry, Joan Vass, Kensie Girl, Limited Too, and Nanette Lepore. It also offers advisory services; brokerage services; senior secured and second lien secured loans to middle market public and the private U.S. companies; and consulting services. The company was formerly known as Great American Group, Inc. and changed its name to B. Riley Financial, Inc. in November 2014. The company was founded in 1973 and is headquartered in Los Angeles, California.

How the Company Makes Money

B. Riley Financial generates revenue through several key streams. Primarily, the company earns fees from its investment banking services, which include advisory fees from mergers and acquisitions, capital raising, and underwriting services. The firm also generates income from its asset management activities, which involve managing investment funds and providing investment advisory services. Another significant revenue source is derived from brokerage services, where it earns commissions on trades executed for clients. Additionally, B. Riley benefits from proprietary trading and investment income through its own investment portfolio. The company has built strategic partnerships with various financial institutions and has a strong presence in the market, enabling it to capture a wide range of financial transactions and advisory opportunities, thus enhancing its earnings potential.

B Riley Financial Financial Statement Overview

Summary

B Riley Financial is facing significant financial challenges across all verticals. The income statement shows declining revenues and substantial losses, while the balance sheet indicates high leverage and negative equity. Cash flow remains positive but is insufficient to offset the company's financial difficulties. The overall financial health of the company is weak, with potential risks related to solvency and liquidity.

Income Statement

B Riley Financial has faced significant challenges in its income statement. The company experienced a sharp decline in revenue, with a negative growth rate of -54.76% in the most recent year. Gross profit margin has decreased significantly from previous years, and the net profit margin is deeply negative at -131.91%, indicating substantial losses. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and financial distress.

Balance Sheet

The balance sheet reveals a concerning financial position for B Riley Financial. The company has a negative stockholders' equity, leading to an unsustainable debt-to-equity ratio of -3.84. This indicates high financial leverage and potential solvency issues. Return on equity is positive due to negative equity, but this is misleading as it reflects losses rather than profitability. The equity ratio is negative, highlighting the company's reliance on debt financing.

Cash Flow

Cash flow analysis shows some resilience, with positive operating and free cash flows. However, the free cash flow growth rate is negative at -20.89%, indicating declining cash generation capabilities. The operating cash flow to net income ratio is 0.82, suggesting that cash flows are not sufficient to cover net losses. The free cash flow to net income ratio is close to 1, indicating that free cash flow is nearly equivalent to net losses, which is a concern.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.16B	1.64B	1.08B	1.55B	834.22M
Gross Profit	716.43M	1.05B	793.07M	1.42B	718.86M
EBITDA	-700.02M	94.29M	-39.30M	733.09M	364.07M
Net Income	-764.27M	-99.91M	-159.83M	445.05M	205.15M
Balance Sheet
Total Assets	1.78B	6.07B	6.11B	5.85B	2.66B
Cash, Cash Equivalents and Short-Term Investments	537.68M	231.96M	268.62M	1.81B	103.60M
Total Debt	1.87B	2.45B	2.55B	2.10B	1.06B
Total Liabilities	2.24B	5.71B	5.43B	4.80B	2.12B
Stockholders Equity	-488.18M	291.12M	446.51M	661.27M	512.59M
Cash Flow
Free Cash Flow	255.60M	16.79M	2.73M	50.22M	55.64M
Operating Cash Flow	263.55M	24.50M	6.65M	50.89M	57.69M
Investing Cash Flow	440.53M	301.17M	-32.29M	-956.53M	-128.45M
Financing Cash Flow	-671.95M	-365.92M	17.64M	1.08B	69.54M

B Riley Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.37
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RILY, the sentiment is Positive. The current price of 5.37 is above the 20-day moving average (MA) of 5.26, below the 50-day MA of 5.76, and above the 200-day MA of 4.52, indicating a neutral trend. The MACD of -0.23 indicates Negative momentum. The RSI at 49.55 is Neutral, neither overbought nor oversold. The STOCH value of 54.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RILY.

B Riley Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MSDL	77 Outperform	$1.44B	8.62	9.34%	12.76%	2.70%	-35.08%
OVBC	68 Neutral	$169.36M	11.96	8.95%	2.56%	10.35%	22.05%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SAMG	65 Neutral	$170.73M	19.62	9.23%	5.73%	4.18%	-9.53%
TREE	59 Neutral	$728.24M	51.65	12.49%	―	37.01%	―
INBK	50 Neutral	$155.35M	-4.70	-8.99%	1.34%	2.49%	-248.43%
RILY	44 Neutral	$156.66M	―	―	20.22%	-33.56%	-825.77%

B Riley Financial Corporate Events

B Riley Financial Director Announces Departure

On October 8, 2025, B. Riley Financial, Inc. and its subsidiary BR Financial Holdings, LLC amended their Credit Agreement, extending the earliest possible maturity date of their Initial Term Loans to no earlier than March 31, 2027. This amendment impacts the company’s financial strategy by providing more flexibility in managing its debt obligations. Additionally, on October 10, 2025, Michael Sheldon, a member of the company’s Board of Directors, announced he would not seek re-election, though he has no disagreements with the company’s operations or policies.

The most recent analyst rating on (RILY) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on B Riley Financial stock, see the RILY Stock Forecast page.

B Riley Financial Faces Nasdaq Non-Compliance Issue

On October 1, 2025, B. Riley Financial received a Staff Determination Letter from Nasdaq due to non-compliance with the Nasdaq Listing Rule 5250(c)(1) for not filing its Quarterly Reports for March and June 2025. Despite filing its annual report for 2024 in September 2025, the company has not met the deadline to regain compliance. The letter does not immediately affect the company’s trading or listing status, but B. Riley intends to request a hearing to seek continued listing. The outcome of this hearing could impact the company’s market position and stakeholder interests.

The most recent analyst rating on (RILY) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on B Riley Financial stock, see the RILY Stock Forecast page.

B Riley Financial Secures $30M Credit Agreement

On August 20, 2025, Tiger US Holdings, Inc., a subsidiary of B. Riley Financial, entered into a $30 million revolving credit agreement with FGI Worldwide LLC. This agreement, which matures in 2028, refinanced obligations under a previous credit agreement and includes a receivables purchase feature. The deal imposes certain covenants on the borrowers and is secured by a first priority lien on the assets of the FGI Loan Parties. Additionally, B. Riley Commercial Capital extended a subordinated loan to the borrower, increasing the loan amount to $10 million.

B Riley Financial Receives Nasdaq Non-Compliance Notice

On August 20, 2025, B. Riley Financial received a notice from Nasdaq due to a delay in filing its quarterly report for the period ended June 30, 2025, which resulted in non-compliance with Nasdaq Listing Rule 5250(c)(1). Nasdaq has granted the company an exception until September 29, 2025, to file its delinquent reports, and B. Riley Financial expects to file its 2024 Form 10-K shortly, followed by the delinquent Form 10-Qs. This notification does not immediately affect the listing of the company’s securities on Nasdaq, but the company must update its compliance plan by September 4, 2025.

B. Riley Financial Delays Quarterly Report Filing

B. Riley Financial, Inc. has announced a delay in filing its Quarterly Report on Form 10-Q (Quarter Report) for the period ending June 30, 2025. The company cites the need for additional time to complete audits and finalize its Annual Report on Form 10-K (Yearly Report) for 2024 and the Quarterly Report on Form 10-Q (Quarter Report) for March 31, 2025, as the primary reasons for the delay. B. Riley Financial anticipates filing the delayed reports as soon as practicable. The company expects a significant turnaround in its financial results, with an estimated net income of $120 million to $140 million for the quarter, compared to a net loss in the same period last year. This improvement is attributed to gains from asset sales and debt exchanges. B. Riley Financial continues to work on compliance and has authorized this notification with the signature of its CFO, Scott Yessner.