10-K - B. Riley Financial, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

B. Riley Financial achieved a dramatic profitability turnaround in FY2025 from massive 2024 losses, driven by the absence of prior impairments and divestiture gains, despite revenue pressures from subscription declines and Wealth Management sale, alongside negative operating cash flow.

Key Takeaways

1Revenue increased 15.4% to $967.6M from $838.6M as gross profit expanded faster.

2Gross profit rose 22.5% to $822.2M from $671.0M, yielding an 85.0% gross margin.

3Operating income swung to $75.6M profit (115.9% improvement) from -$475.7M loss due to evaporated 2024 impairments.

4Net income reached $307.4M (140.2% improvement) versus -$764.3M loss, reflecting avoided prior writedowns.

5Diluted EPS improved to $9.80 (138.5%) from -$25.46 amid the profitability rebound.

6Net cash from operating activities was -$59.7M, down from $263.6M, signaling core operations strain.

Key Financial Metrics

EPS

$9.80

138.5%

Revenue

$967.6M

15.4%

Net Income

$307.4M

140.2%

Gross Margin

85.0%

Gross Profit

$822.2M

22.5%

Operating Income

$75.6M

115.9%

operating margin

7.8%

Amendment History

9 filings

10-K
Original
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Mar 31, 20260001464790-26-000024
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Amendment 1
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Amendment 2
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Amendment 3
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Amendment 4
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Amendment 5
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Amendment 6
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Amendment 7
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Amendment 8
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Mar 31, 20260001464790-26-000027