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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Services and fees $ 235,559 $ 202,814
Trading (loss) income and fair value adjustments on loans   (19,278)
Interest income - Loans and securities lending 77,186 61,426
Sale of goods   1,878
Total revenues 432,090 246,840
Operating expenses:    
Direct cost of services 54,397 11,651
Cost of goods sold   2,251
Selling, general and administrative expenses 212,627 175,199
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
Income from equity method 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
As Previously Reported | Dividend Income and Investment Gain (Loss) Classification Error    
Revenues:    
Services and fees   $ 210,675
Trading (loss) income and fair value adjustments on loans   (68,390)
Interest income - Loans and securities lending   61,426
Sale of goods   1,878
Total revenues   205,589
Operating expenses:    
Direct cost of services   11,651
Cost of goods sold   2,251
Selling, general and administrative expenses   175,199
Interest expense - Securities lending and loan participations sold   11,766
Total operating expenses   200,867
Operating income   4,722
Other income (expense):    
Interest income   67
Dividend income   0
Realized and unrealized gains (losses) on investments   0
Change in fair value of financial instruments and other   5,981
Income from equity method investments   6,775
Interest expense   (30,436)
Income (loss) before income taxes   (12,891)
(Provision for) benefit from income taxes   3,695
Net income (loss)   (9,196)
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests   866
Net income (loss) attributable to B. Riley Financial, Inc.   (10,062)
Preferred stock dividends   2,002
Net income (loss) available to common shareholders   (12,064)
Net income (loss) available to common shareholders   $ (12,064)
Basic (loss) income per common share (in dollars per share)   $ (0.43)
Diluted (loss) income per common share (in dollars per share)   $ (0.43)
Weighted average basic common shares outstanding (in shares)   27,855,033
Weighted average diluted common shares outstanding (in shares)   27,855,033
Restatement Adjustments | Dividend Income and Investment Gain (Loss) Classification Error    
Revenues:    
Services and fees   $ (7,861)
Trading (loss) income and fair value adjustments on loans   49,112
Interest income - Loans and securities lending   0
Sale of goods   0
Total revenues   41,251
Operating expenses:    
Direct cost of services   0
Cost of goods sold   0
Selling, general and administrative expenses   0
Interest expense - Securities lending and loan participations sold   0
Total operating expenses   0
Operating income   41,251
Other income (expense):    
Interest income   0
Dividend income   7,861
Realized and unrealized gains (losses) on investments   (49,112)
Change in fair value of financial instruments and other   0
Income from equity method investments   0
Interest expense   0
Income (loss) before income taxes   0
(Provision for) benefit from income taxes   0
Net income (loss)   0
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests   0
Net income (loss) attributable to B. Riley Financial, Inc.   0
Preferred stock dividends   0
Net income (loss) available to common shareholders   0
Net income (loss) available to common shareholders   $ 0