B. Riley Financial’s Revenue by Segment (2016-2023)

This statistic highlights B. Riley Financial’s Revenue by Segment, split across Auction and Liquidation, Brands, Capital Markets, Financial consulting, Principal Investments-United Online and magicJack, and Wealth Management, and reported on a quarterly basis starting from 2016 onwards.

B. Riley Financial’s Revenue by Segment

(All figures in millions, except percentages)

Auction and liquidation segment revenues increased to $5.7 million, up from $3.4 million in the prior year period and the contribution of Q1 2023 is 2%. The brand’s revenue contributed 12% and the revenue segment has increased to $70 million, up from $4 million in the prior year period. In Q1 2023, the revenue segment of the capital market increased by 80% to $185.4 million, up from $61.5 million in Q1 2022. The increase was primarily due to the increase in interest income from securities which helps to lend offset lower levels of investment banking and equity capital markets. The highest contribution is at capital markets of Q1 2023 is 39%. The revenue for the financial consulting segment remains relatively equal to $25.0 million compared to the prior year quarter and the contribution of Q1 2023 is 8%. The Principal Investments-United Online and magicJack segments revenue increased to $86 million, up from $32 million in the prior year period and the contribution of Q1 2023 is 19%. The segment revenue of wealth management has decreased to $49.8 million in Q1 2023 from $77.5 million in Q1 2022 and the contribution of wealth management in Q1 2023 is 20%.

Auction and Liquidation

In the case of an auction, B Riley Financial organizes and manages the process of selling these assets to the highest bidder. The bidding typically starts at a predetermined minimum price, and participants increase their offers until the highest bid is reached. In terms of liquidation, B Riley Financial helps businesses to monetize their assets in an orderly manner. They work with companies to develop a comprehensive strategy for selling off assets.

Brands

It has several subsidiary brands specializing in different areas such as:

• Riley Wealth Management: It provides wealth management services, including investment advisory and financial planning.
• Riley Capital Management: It focuses on asset management and investment strategies for institutional and individual investors.
• Riley Advisory Services: It offers advisory services to corporate restructuring, mergers and acquisitions, and valuation.
• Great American Group: It specializes in asset valuation, liquidation, and auction services.

Capital Markets

The capital markets division of the company is responsible for facilitating the buying and selling of financial securities. This division connects investors, corporations, and institutions by offering services such as underwriting, securities trading, and investment banking.

Financial Consulting

The financial consulting of the company provides strategic and comprehensive solutions to clients seeking assistance with various financial matters. This can include areas such as mergers and acquisitions, capital raising, valuation, investment management, and financial analysis.

Principal investments-United Online and MagicJack

Principal investments refer to investments made by the company using its capital, rather than investing on behalf of clients or customers. It has made principal investments in United Online and MagicJack. United Online is an internet service provider and online media company. The company acquired United Online to capitalize on its potential growth opportunities and enhance its portfolio of investments in the technology sector and MagicJack is a provider of Voice over Internet Protocol (VoIP)services.

Wealth Management

Wealth management refers to the comprehensive financial services offered to individuals and families to assist them in effectively managing their wealth.

About Company

B Riley Financial Inc. is a diversified financial services company based in the United States. It was founded in 1997 and is headquartered in Los Angeles, California. The company provides a wide range of services, including investment banking, financial advisory, asset valuation, brokerage services, and wealth management. It serves high-net-worth individuals and public and private companies worldwide.

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