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BUSINESS SEGMENTS - Schedule of reportable segments (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Segment Reporting Information [Line Items]    
Services and fees $ 210,675 $ 289,469
Trading (losses) income and fair value adjustments on loans (68,390) 266,942
Interest income - Loans and securities lending 61,426 36,920
Sale of goods 1,878 6,828
Total revenues 205,589 600,159
Direct cost of services (11,651) (11,322)
Cost of goods sold (2,251) (5,326)
Selling, general and administrative expenses (175,199) (191,344)
Interest expense - Securities lending and loan participations sold (11,766) (19,189)
Depreciation and amortization (7,848) (6,759)
Operating income 4,722 372,978
Corporate and other expenses (15,178) (12,198)
Interest income 67 49
Change in fair value of financial instruments and other 5,981 0
Income from equity investments 6,775 875
Interest expense (30,436) (19,786)
(Loss) income before income taxes (12,891) 354,116
Benefit from (provision for) income taxes 3,695 (97,518)
Net (loss) income (9,196) 256,598
Net income attributable to noncontrolling interests 866 1,942
Net (loss) income attributable to B. Riley Financial, Inc. (10,062) 254,656
Preferred stock dividends 2,002 1,749
Net (loss) income available to common shareholders (12,064) 252,907
Net (loss) income available to common shareholders (12,064) 252,907
Operating Segments    
Segment Reporting Information [Line Items]    
Operating income 19,900 385,176
Capital Markets Segment    
Segment Reporting Information [Line Items]    
Interest income - Loans and securities lending 61,426 36,920
Total revenues 61,598 472,402
Capital Markets Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 69,084 170,979
Trading (losses) income and fair value adjustments on loans (68,912) 264,503
Interest income - Loans and securities lending 61,426 36,920
Total revenues 61,598 472,402
Selling, general and administrative expenses (34,117) (86,140)
Interest expense - Securities lending and loan participations sold (11,766) (19,189)
Depreciation and amortization (1,893) (765)
Operating income 13,822 366,308
Wealth Management Segment    
Segment Reporting Information [Line Items]    
Interest income - Loans and securities lending 0 0
Total revenues 77,479 67,898
Wealth Management Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 76,957 65,542
Trading (losses) income and fair value adjustments on loans 522 2,356
Total revenues 77,479 67,898
Selling, general and administrative expenses (85,742) (61,472)
Depreciation and amortization (1,833) (2,399)
Operating income (10,096) 4,027
Auction and Liquidation Segment    
Segment Reporting Information [Line Items]    
Interest income - Loans and securities lending 0 0
Sale of goods   6,092
Total revenues 3,355 13,450
Auction and Liquidation Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 3,355 7,358
Sale of goods 0 6,092
Total revenues 3,355 13,450
Direct cost of services (2,335) (6,580)
Cost of goods sold 0 (4,474)
Selling, general and administrative expenses (1,820) (1,489)
Operating income (800) 907
Financial Consulting Segment    
Segment Reporting Information [Line Items]    
Interest income - Loans and securities lending 0 0
Total revenues 25,936 21,409
Financial Consulting Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 25,936 21,409
Selling, general and administrative expenses (20,943) (17,989)
Depreciation and amortization (81) (98)
Operating income 4,912 3,322
Principal Investments- Communications and Other Segment    
Segment Reporting Information [Line Items]    
Interest income - Loans and securities lending 0 0
Sale of goods   736
Total revenues 32,664 20,529
Principal Investments- Communications and Other Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 30,786 19,793
Sale of goods 1,878 736
Total revenues 32,664 20,529
Direct cost of services (9,316) (4,742)
Cost of goods sold (2,251) (852)
Selling, general and administrative expenses (9,028) (4,870)
Depreciation and amortization (3,225) (2,534)
Operating income 8,844 7,531
Brands Segment    
Segment Reporting Information [Line Items]    
Interest income - Loans and securities lending 0 0
Total revenues 4,557 4,471
Brands Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Services and fees 4,557 4,388
Trading (losses) income and fair value adjustments on loans 0 83
Total revenues 4,557 4,471
Selling, general and administrative expenses (756) (676)
Depreciation and amortization (583) (714)
Operating income $ 3,218 $ 3,081