B. Riley Financial, Inc. (RILY) Income Statement
RILY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRILY revenue and net income
Where RILY's revenue goes
2025Each bar shows an amount and its share of revenue. RILY kept 29.8% of revenue as net income.
RILY profit margins
RILY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +77.9% | +1.2% | +4.3% | +24.8% |
| Gross profit | +408.6% | −3.6% | −1.4% | +23.6% |
| Operating income | — | +71.5% | −11.4% | +21.2% |
| Net income | — | — | +8.4% | +38.5% |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RILY quarterly EPS vs estimates
B. Riley Financial beat the analyst EPS estimate in 3 of the last 6 quarters.
RILY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03B | $579.4M | $1.64B | $993.8M | $1.55B | $834.2M | $652.1M | $423.0M | $322.2M | $190.4M |
| Cost of revenue | $360.9M | $447.7M | $597.6M | $245.8M | $134.0M | $115.4M | $98.5M | $58.6M | $53.1M | $55.6M |
| Gross profit | $669.8M | $131.7M | $1.05B | $748.0M | $1.42B | $718.9M | $553.6M | $364.4M | $269.1M | $134.7M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $34.2M | $759.8M | $840.0M | $28.0M | $18.9M | $16.4M | $385.2M | $296.4M | $8.9M | $4.7M |
| Total operating expenses | $519.2M | $1.53B | $1.43B | $718.2M | $906.2M | $442.6M | $386.9M | $319.0M | $240.3M | $86.0M |
| Operating income | $150.7M | −$623.5M | $212.4M | $29.9M | $514.5M | $276.3M | $166.7M | $45.4M | $28.8M | $48.7M |
| Interest income | $3.7M | $3.6M | $3.9M | $2.7M | $229,000 | $564,000 | $1.6M | $1.3M | $420,000 | $318,000 |
| Interest expense | $92.7M | $133.3M | $187.0M | $141.0M | $92.5M | $65.2M | $50.2M | $33.4M | $8.4M | $2.0M |
| Income before taxes | $229.6M | −$878.7M | −$142.3M | −$334.3M | $614.8M | $279.5M | $116.6M | $21.3M | $20.4M | $47.0M |
| Income taxes | −$9.9M | $22.1M | −$28.5M | −$65.3M | $164.0M | $75.4M | $34.6M | $4.9M | $8.5M | $14.3M |
| Net income | $307.4M | −$764.3M | −$99.9M | −$159.8M | $445.1M | $205.1M | $81.6M | $15.5M | $11.6M | $21.5M |
| EBITDA | $357.5M | −$578.1M | $177.7M | −$153.4M | $733.1M | $364.1M | $185.8M | $68.5M | $40.0M | $53.3M |
| EPS (diluted) | −$6.09 | −$25.42 | −$2.79 | −$4.72 | $15.95 | $8.28 | $3.67 | $1.44 | $1.14 | $1.11 |
| Gross margin | 65.0% | 22.7% | 63.6% | 75.3% | 91.4% | 86.2% | 84.9% | 86.1% | 83.5% | 70.8% |
| Operating margin | 14.6% | −107.6% | 12.9% | 3.0% | 33.1% | 33.1% | 25.6% | 10.7% | 9.0% | 25.6% |
| Net margin | 29.8% | −131.9% | −6.1% | −16.1% | 28.6% | 24.6% | 12.5% | 3.7% | 3.6% | 11.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $247.0M | $450.6M | $307.1M | $234.7M | $267.6M | $194.2M | $246.8M | $246.8M | $270.5M | $343.0M | $342.9M | $364.1M |
| Cost of revenue | $76.7M | $80.0M | $87.6M | $87.7M | $95.7M | $80.2M | $96.3M | $96.3M | $121.8M | $136.1M | $146.8M | $133.2M |
| Gross profit | $170.2M | $370.7M | $219.4M | $147.0M | $171.9M | $114.0M | $150.5M | $150.5M | $148.7M | $206.9M | $196.1M | $230.9M |
| Sales, general & admin | $133.4M | $134.3M | $146.1M | $143.9M | $28.0M | $167.4M | $183.9M | $161.1M | $178.0M | $212.0M | $205.7M | $221.6M |
| Total operating expenses | $112.5M | $117.1M | $118.8M | $112.2M | $326.9M | $255.6M | $232.7M | $328.9M | $475.3M | $345.7M | $357.3M | $238.9M |
| Operating income | $57.7M | $253.6M | $100.7M | $34.8M | −$155.0M | −$61.5M | −$82.2M | −$82.0M | −$204.9M | −$2.6M | −$14.4M | −$8.0M |
| Interest income | $339,000 | $358,000 | $241,000 | $1.5M | $492,000 | $1.5M | $712,000 | $1.4M | $797,000 | $669,000 | $420,000 | $180,000 |
| Interest expense | $18.0M | $19.8M | $20.1M | $24.0M | $31.1M | $30.0M | $33.0M | $33.0M | $33.5M | $44.9M | $46.9M | $37.5M |
| Income before taxes | $27.5M | $239.1M | $79.2M | $74.7M | −$251.1M | −$23.0M | −$140.7M | −$140.7M | −$420.0M | −$65.0M | −$140.7M | −$123.7M |
| Income taxes | $6.0M | $16.9M | −$11.1M | $3.1M | $4.2M | — | $9.9M | — | — | −$17.1M | — | −$23.6M |
| Net income | $20.5M | $213.3M | $86.8M | $72.7M | $2.9M | −$10.0M | −$284.4M | −$284.4M | −$433.6M | −$49.2M | −$89.6M | −$73.8M |
| EBITDA | $53.1M | $266.4M | $107.2M | $107.4M | −$208.7M | — | −$96.5M | — | — | −$18.5M | — | −$73.7M |
| EPS (diluted) | $0.45 | $2.77 | $2.91 | −$0.39 | −$8.22 | −$0.39 | $0.03 | −$9.39 | −$14.35 | −$1.71 | −$2.32 | −$2.53 |
| Gross margin | 68.9% | 82.3% | 71.5% | 62.6% | 64.2% | 58.7% | 61.0% | 61.0% | 55.0% | 60.3% | 57.2% | 63.4% |
| Operating margin | 23.4% | 56.3% | 32.8% | 14.8% | −57.9% | −31.7% | −33.3% | −33.2% | −75.8% | −0.8% | −4.2% | −2.2% |
| Net margin | 8.3% | 47.3% | 28.3% | 31.0% | 1.1% | −5.1% | −115.2% | −115.2% | −160.3% | −14.3% | −26.1% | −20.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RILY's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RILY financial results
In fiscal year 2025 (ended December 31, 2025), B. Riley Financial reported revenue of $1.0 billion, up 77.9% from the year before. It had net income of $307.4 million, a net profit margin of 29.8%. Diluted earnings per share came to −$6.09. Over five years revenue grew at an average rate of 4.3% a year.
See the RILY stock overview for the latest quote and news, or the RILY chart for price history and technical indicators.
RILY income statement FAQ
What is B. Riley Financial's annual revenue?
B. Riley Financial reported total revenue of $1.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 77.9% from $579.4 million the previous year.
Is B. Riley Financial profitable?
Yes. B. Riley Financial reported net income of $307.4 million in fiscal 2025, a net profit margin of 29.8%; its operating margin was 14.6%.
What is B. Riley Financial's gross margin?
B. Riley Financial's gross margin was 65.0% in fiscal 2025: for every $100 of revenue, B. Riley Financial kept $65 after the direct cost of its products and services.
How fast is B. Riley Financial growing?
Revenue grew 4.3% a year on average over the last five fiscal years, from $834.2 million to $1.0 billion.
What are B. Riley Financial's earnings per share?
B. Riley Financial earned $-6.09 per diluted share in fiscal 2025, compared with $-25.42 a year earlier.
When does B. Riley Financial's fiscal year end?
B. Riley Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.