B. Riley Financial (RILY)
NASDAQ:RILY
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B Riley Financial
(NASDAQ:RILY)
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Rating:58Neutral
Price Target:
$10.00
▲(23.61% Upside)
Action:ReiteratedDate:01/30/26
The score is held back mainly by stressed financial performance (declining revenue, negative operating profitability, negative equity, and inconsistent cash flow). This is partially offset by strong technical momentum and a very low P/E, while recent corporate events are mixed and add notable legal/compliance risk.
Positive Factors
Diversified Business Model
B. Riley's multi-pronged business model—investment banking, brokerage/trading, wealth and asset management, advisory and principal investments—provides multiple fee and asset-based revenue streams, reducing reliance on any single market cycle and supporting more durable cash generation over months.
Negative Factors
Highly Levered, Negative Equity
The company's negative shareholders' equity and extreme leverage signal solvency and covenant risks. High indebtedness constrains strategic flexibility, increases refinancing and interest burdens, and makes the firm vulnerable to liquidity shocks, undermining long‑term stability absent balance sheet repair.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Business Model
B. Riley's multi-pronged business model—investment banking, brokerage/trading, wealth and asset management, advisory and principal investments—provides multiple fee and asset-based revenue streams, reducing reliance on any single market cycle and supporting more durable cash generation over months.
Read all positive factors
B Riley Financial (RILY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$212.91M
Dividend YieldN/A
Average Volume (3M)709.75K
Price to Earnings (P/E)0.6
Beta (1Y)0.83
Revenue Growth-25.32%
EPS Growth64.41%
CountryUS
Employees2,383
SectorFinancial
Sector Strength70
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)2.77
Shares Outstanding31,218,670
10 Day Avg. Volume706,428
30 Day Avg. Volume709,751
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)102.58
Price to Sales (P/S)0.15
P/FCF Ratio4.24
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda0.05
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 M...
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 fi...
B Riley Financial Earnings Call Summary
Earnings Call Date:Mar 03, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant strategic partnerships and asset sales that provided financial benefits and growth opportunities. However, these positives were tempered by substantial financial losses from continuing operations, impairment charges, and ongoing debt challenges.Positive Updates
Strategic Partnership with Oaktree Capital
B. Riley established a joint venture with Oaktree Capital Management for Great American Group, bringing in approximately $203 million in cash and 44% ownership in the company.
Negative Updates
Net Loss from Continuing Operations
B. Riley reported an expected net loss from continuing operations of $178 million to $187 million, impacted by impairment charges and trading losses.
Read all updates
Q4-2024 Updates
Positive
Negative
Strategic Partnership with Oaktree Capital
B. Riley established a joint venture with Oaktree Capital Management for Great American Group, bringing in approximately $203 million in cash and 44% ownership in the company.
Read all positive updates
Company Guidance
During B. Riley Financial's preliminary fourth-quarter earnings call for the 2024 fiscal year, the company outlined several key financial metrics and strategic initiatives. The firm reported an expected net income available to common shareholders ranging from $48 million to $68 million, influenced by income from discontinued operations estimated between $236 million and $247 million. The anticipated diluted net income per share is between $1.57 and $2.22, while the net loss from continuing operations is expected to be between $178 million and $187 million. This loss is primarily due to estimated impairment charges and trading losses. The company also highlighted its operating adjusted EBITDA from continuing operations, projected at $12 million to $14 million. At the end of 2024, B. Riley had approximately $257 million in cash, cash equivalents, and restricted cash, with total debt standing at $1.78 billion. Key strategic moves included a joint venture with Oaktree Capital Management, generating approximately $203 million in cash, and the sale of Atlantic Coast recycling for about $70 million, expecting a gain of $30 million. Additionally, B. Riley announced a definitive agreement to sell a portion of its wealth management business and secured a new $160 million senior credit facility with Oaktree. The company plans to focus on its core businesses, including B. Riley Securities and Wealth Management, while addressing its debt maturities and continuing to monetize non-core assets.B Riley Financial Financial Statement Overview
Summary
Income Statement
23
Negative
Balance Sheet
12
Very Negative
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 962.85M | 960.24M | 1.16B | 1.45B | 993.82M | 1.55B |
| Gross Profit | 648.31M | 1.11B | 716.43M | 913.22M | 748.03M | 1.42B |
| EBITDA | 41.51M | 214.14M | -700.02M | 6.57M | -153.37M | 733.09M |
| Net Income | 223.47M | 282.58M | -764.27M | -99.91M | -159.83M | 445.05M |
Balance Sheet | ||||||
| Total Assets | 1.67B | 2.22M | 1.78B | 6.08B | 6.11B | 5.85B |
| Cash, Cash Equivalents and Short-Term Investments | 184.22M | 0.00 | 154.88M | 222.69M | 268.62M | 278.93M |
| Total Debt | 1.49B | 0.00 | 1.84B | 2.45B | 2.55B | 2.10B |
| Total Liabilities | 1.88B | 830.00K | 2.24B | 5.72B | 5.43B | 4.80B |
| Stockholders Equity | -260.46M | 1.39M | -488.18M | 291.12M | 446.51M | 661.27M |
Cash Flow | ||||||
| Free Cash Flow | -37.22M | 33.62M | 255.60M | 16.79M | 2.73M | 50.22M |
| Operating Cash Flow | -25.71M | 33.62M | 263.55M | 24.50M | 6.65M | 50.89M |
| Investing Cash Flow | 627.85M | 129.90M | 440.53M | 301.17M | -32.29M | -956.53M |
| Financing Cash Flow | -578.09M | -162.28M | -671.95M | -365.92M | 17.64M | 1.08B |
B Riley Financial Technical Analysis
Neutral
8.09
Price Trends
7.58
Negative
6.31
Positive
5.77
Positive
Market Momentum
-0.06
Positive
45.56
Neutral
29.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RILY, the sentiment is Neutral. The current price of 8.09 is above the 20-day moving average (MA) of 7.15, above the 50-day MA of 7.58, and above the 200-day MA of 5.77, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 45.56 is Neutral, neither overbought nor oversold. The STOCH value of 29.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RILY.
B Riley Financial Risk Analysis
B Riley Financial disclosed 84 risk factors in its most recent earnings report. B Riley Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
B Riley Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.21B | 11.78 | 6.85% | 12.60% | 1.97% | -35.20% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $160.40M | 27.23 | 7.70% | 5.42% | 4.18% | -9.53% | |
63 Neutral | $200.03M | 12.07 | 9.58% | 2.27% | 10.35% | 22.05% | |
58 Neutral | $212.91M | 0.58 | -70.77% | ― | -25.32% | 64.41% | |
57 Neutral | $584.71M | 4.77 | 94.41% | ― | 37.01% | ― | |
48 Neutral | $175.73M | -5.18 | -9.44% | 1.07% | 2.49% | -248.43% |
* Financial Sector Average
RILY
B Riley Financial
6.82
2.93
75.32%
OVBC
Ohio Valley Banc
42.46
15.64
58.33%
TREE
Lendingtree
42.20
-10.56
-20.02%
INBK
First Internet Bancorp
20.16
-6.68
-24.89%
SAMG
SilverCrest Asset Management
13.60
-2.06
-13.16%
MSDL
Morgan Stanley Direct Lending Fund
14.11
-5.14
-26.70%
B Riley Financial Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
B Riley Financial Regains Nasdaq Compliance Under Panel Monitor
Positive
Jan 29, 2026
On January 27, 2026, BRC Group Holdings, Inc. received confirmation from Nasdaq that it had regained compliance with the exchange’s Periodic Filing Rule 5250(c)(1), resolving a prior listing deficiency and stabilizing its status on the Nasda...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
B Riley Financial amends credit terms amid holding transition
Neutral
Jan 20, 2026
On January 14, 2026, BRC Group Holdings, Inc. and its wholly owned subsidiary BR Financial Holdings, LLC amended their existing credit agreement to permit the company to repurchase up to $25 million of unsecured notes through June 30, 2026, provid...
Business Operations and StrategyLegal Proceedings
B Riley Financial Faces Major Lawsuit Over Take-Private Deal
Negative
Jan 20, 2026
On January 20, 2026, BRC Group Holdings, Inc. and several affiliated entities filed a complaint in New York State court against law firm Willkie Farr Gallagher LLP and individuals Brian and Lauren Kahn, alleging aiding and abetting fraud, civil c...
Business Operations and StrategyRegulatory Filings and Compliance
B. Riley Financial Rebrands as BRC Group Holdings
Neutral
Jan 2, 2026
On January 1, 2026, B. Riley Financial, Inc. formally changed its corporate name to BRC Group Holdings, Inc., amending its certificate of incorporation and related preferred stock designations to reflect the new identity. The company’s board...
Executive/Board ChangesShareholder Meetings
B Riley Financial Holds Annual Stockholder Meeting
Neutral
Dec 3, 2025
On December 1, 2025, B. Riley Financial, Inc. held its annual meeting of stockholders where several proposals were voted on. The election of directors saw Bryant R. Riley, Thomas J. Kelleher, Robert L. Antin, Tammy Brandt, Robert D’Agostino,...
Delistings and Listing ChangesRegulatory Filings and Compliance
B Riley Financial Receives Nasdaq Delinquency Notification
Neutral
Nov 28, 2025
On November 28, 2025, B. Riley Financial announced it received a delinquency notification from Nasdaq due to delayed filing of its Form 10-Q for the third quarter of 2025. The company had previously been granted extended deadlines by the Nasdaq He...
Executive/Board ChangesDelistings and Listing ChangesRegulatory Filings and Compliance
B Riley Financial Secures Nasdaq Listing Extension
Neutral
Nov 19, 2025
On November 18, 2025, B. Riley Financial, Inc. received approval from the Nasdaq Hearings Panel to continue its listing on the Nasdaq Stock Market, contingent upon meeting specific conditions due to previous non-compliance with filing requirements...
Business Operations and StrategyExecutive/Board Changes
B Riley Financial Amends Co-CEO’s Compensation Structure
Neutral
Nov 14, 2025
On October 30, 2025, B. Riley Financial’s Board approved an amended employment agreement for Co-CEO Bryant R. Riley, effective November 8, 2025. The new structure eliminates his base salary and cash bonuses in favor of compensation based on ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.