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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Services and fees $ 235,559 $ 202,814
Trading income (loss) and fair value adjustments on loans 51,568 (19,278)
Interest income - Loans and securities lending 77,186 61,426
Sale of goods 67,777 1,878
Total revenues 432,090 246,840
Operating expenses:    
Direct cost of services 54,397 11,651
Cost of goods sold 47,626 2,251
Selling, general and administrative expenses 212,627 175,199
Restructuring charge 93 0
Interest expense - Securities lending and loan participations sold 32,424 11,766
Total operating expenses 347,167 200,867
Operating income 84,923 45,973
Other income (expense):    
Interest income 2,574 67
Dividend income 13,204 7,861
Realized and unrealized gains (losses) on investments (28,442) (49,112)
Change in fair value of financial instruments and other (209) 5,981
(Loss) income from equity investments (10) 6,775
Interest expense (47,561) (30,436)
Income (loss) before income taxes 24,479 (12,891)
(Provision for) benefit from income taxes (7,919) 3,695
Net income (loss) 16,560 (9,196)
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests (595) 866
Net income (loss) attributable to B. Riley Financial, Inc. 17,155 (10,062)
Preferred stock dividends 2,012 2,002
Net income (loss) available to common shareholders 15,143 (12,064)
Net income (loss) available to common shareholders $ 15,143 $ (12,064)
Basic (loss) income per common share (in dollars per share) $ 0.53 $ (0.43)
Diluted (loss) income per common share (in dollars per share) $ 0.51 $ (0.43)
Weighted average basic common shares outstanding (in shares) 28,585,337 27,855,033
Weighted average diluted common shares outstanding (in shares) 29,513,435 27,855,033