B. Riley Financial sees Q4 EPS $1.57-$2.22

Q4 operating adjusted EBITDA from continuing operations is expected to be in the range of $12M-$14M. Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial (RILY), commented: “This quarter reflects a demarcation line from managing the losses in our principal investments to moving forward with our core businesses as the primary focus. During the quarter, we made important progress monetizing non-core assets and addressing our near-term liabilities. At the same time, our results were negatively impacted by a number of unusual expenses related to legal, transaction and restructuring fees, which we believe will decline as we progress through 2025.” Riley continued, “The steps we’ve taken over the past year, which include reducing debt by more than $700 million since January 2024, have enabled us to retire our Nomura facility and look forward as a company. While we recognize we have work to do, we do believe the worst is behind us and remain confident in the future based on the underlying strength of our core businesses, including B. Riley Securities. B. Riley Securities finished the year with a strong December, and we are well positioned to invest resources to grow the team over the coming quarters.”