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BUSINESS SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of segment reporting information, by segment
The following is a summary of certain financial data for each of the Company’s reportable segments:
Three Months Ended
June 30,
Six Months Ended
June 30,
2022202120222021
Capital Markets segment:
Revenues - Services and fees$67,426 $125,997 $136,510 $296,976 
Trading (loss) income and fair value adjustments on loans(225,455)29,897 (294,367)294,400 
Interest income - Loans and securities lending62,399 25,491 123,825 62,411 
Total revenues(95,630)181,385 (34,032)653,787 
Selling, general and administrative expenses(45,865)(65,473)(79,982)(151,613)
Interest expense - Securities lending and loan participations sold(14,544)(10,983)(26,310)(30,172)
Depreciation and amortization(2,204)(247)(4,097)(1,012)
Segment (loss) income(158,243)104,682 (144,421)470,990 
Wealth Management segment:    
Revenues - Services and fees60,861 87,444 137,818 152,986 
Trading income and fair value adjustments on loans1,528 2,865 2,050 5,221 
Total revenues62,389 90,309 139,868 158,207 
Selling, general and administrative expenses(68,394)(88,702)(154,136)(150,174)
Depreciation and amortization(1,308)(2,340)(3,141)(4,739)
Segment (loss) income(7,313)(733)(17,409)3,294 
Auction and Liquidation segment:    
Revenues - Services and fees2,488 5,534 5,843 12,892 
Revenues - Sale of goods— 11,743 — 17,835 
Interest income - Loans and securities lending1,436 — 1,436 — 
Total revenues3,924 17,277 7,279 30,727 
Direct cost of services(1,296)(7,540)(3,631)(14,120)
Cost of goods sold— (3,105)— (7,579)
Selling, general and administrative expenses(2,177)(3,077)(3,997)(4,566)
Segment income (loss) 451 3,555 (349)4,462 
Financial Consulting segment:    
Revenues - Services and fees24,310 23,735 50,246 45,144 
Selling, general and administrative expenses(19,948)(19,471)(40,891)(37,460)
Depreciation and amortization(78)(89)(159)(187)
Segment income4,284 4,175 9,196 7,497 
Principal Investments - Communications and Other segment:    
Revenues - Services and fees40,646 18,932 71,432 38,725 
Revenues - Sale of goods1,887 714 3,765 1,450 
Total revenues42,533 19,646 75,197 40,175 
Direct cost of services(16,489)(4,554)(25,805)(9,296)
Cost of goods sold(1,994)(521)(4,245)(1,373)
Selling, general and administrative expenses(12,808)(4,768)(21,836)(9,638)
Depreciation and amortization(3,595)(2,528)(6,820)(5,062)
Segment income7,647 7,275 16,491 14,806 
Brands segment:    
Revenues - Services and fees5,174 4,501 9,731 8,889 
Trading loss and fair value adjustments on loans— (83)— — 
Total revenues5,174 4,418 9,731 8,889 
Selling, general and administrative expenses(818)(690)(1,574)(1,366)
Depreciation and amortization(583)(715)(1,166)(1,429)
Segment income3,773 3,013 6,991 6,094 
Consolidated operating (loss) income from reportable segments(149,401)121,967 (129,501)507,143 
    
Corporate and other expenses(9,358)(11,822)(24,536)(24,020)
Interest income500 56 567 105 
Change in fair value of financial instruments and other4,321 6,509 10,302 6,509 
(Loss) income from equity investments(3,399)(852)3,376 23 
Interest expense(31,764)(20,856)(62,200)(40,642)
(Loss) income before income taxes(189,101)95,002 (201,992)449,118 
Benefit from (provision for) income taxes52,513 (19,902)56,208 (117,420)
Net (loss) income(136,588)75,100 (145,784)331,698 
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests3,571 (576)4,437 1,366 
Net (loss) income attributable to B. Riley Financial, Inc.(140,159)75,676 (150,221)330,332 
Preferred stock dividends2,002 1,789 4,004 3,538 
Net (loss) income available to common shareholders$(142,161)$73,887 $(154,225)$326,794 
Schedule of revenues by geographical area
The following table presents revenues by geographical area:
Three Months Ended
June 30,
Six Months Ended
June 30,
2022202120222021
Revenues:
Revenues - Services and fees:
North America$197,648 $265,097 $406,370 $554,082 
Europe3,257 1,046 5,210 1,530 
Total Revenues - Services and fees200,905 266,143 $411,580 $555,612 
     
Trading income (losses) and fair value adjustments on loans    
North America(223,927)32,679 $(292,317)$299,621 
    
Revenues - Sale of goods    
North America1,887 709 $3,765 $7,537 
Europe— 11,748 — 11,748 
Total Revenues - Sale of goods1,887 12,457 $3,765 $19,285 
    
Revenues - Interest income - Loans and securities lending:  
North America63,835 25,491 $125,261 $62,411 
    
Total Revenues:    
North America39,443 323,976 $243,079 $923,651 
Europe3,257 12,794 5,210 13,278 
Total Revenues$42,700 $336,770 $248,289 $936,929