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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Cash and cash equivalents $ 231,805 $ 278,933
Restricted cash 1,578 927
Due from clearing brokers 53,472 29,657
Securities and other investments owned, at fair value 1,238,613 1,532,095
Securities borrowed 2,243,306 2,090,966
Accounts receivable, net 64,707 49,673
Due from related parties 814 2,074
Loans receivable, at fair value (includes $68,575 and $167,744 from related parties as of September 30, 2022 and December 31, 2021, respectively) 814,715 873,186
Prepaid expenses and other assets 355,875 463,502
Operating lease right-of-use assets 84,550 56,969
Property and equipment, net 16,174 12,870
Goodwill 429,187 250,568
Other intangible assets, net 296,346 207,651
Deferred tax assets, net 2,845 2,848
Total assets 5,833,987 5,851,919
Liabilities:    
Accounts payable 22,167 6,326
Accrued expenses and other liabilities 278,889 343,750
Deferred revenue 89,157 69,507
Deferred tax liabilities, net 10,932 93,055
Due to related parties and partners 396 0
Due to clearing brokers 3,942 69,398
Securities sold not yet purchased 17,751 28,623
Securities loaned 2,239,250 2,088,685
Operating lease liabilities 96,049 69,072
Notes payable 25,075 357
Revolving credit facility 74,700 80,000
Term loans, net 558,035 346,385
Senior notes payable, net 1,661,191 1,606,560
Total liabilities 5,077,534 4,801,718
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests in equity of subsidiaries 178,759 345,000
B. Riley Financial, Inc. equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,535 and 4,512 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively; and liquidation preference of $113,380 and $112,790 as of September 30, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 28,300,003 and 27,591,028 issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 3 3
Additional paid-in capital 473,420 413,486
Retained earnings 46,916 248,862
Accumulated other comprehensive loss (6,726) (1,080)
Total B. Riley Financial, Inc. stockholders’ equity 513,613 661,271
Noncontrolling interests 64,081 43,930
Total equity 577,694 705,201
Total liabilities and equity $ 5,833,987 $ 5,851,919