{"id":872674,"date":"2025-08-07T08:57:32","date_gmt":"2025-08-07T12:57:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/b-riley-securities-provides-post-carve-out-business-update-and-financial-highlights\/"},"modified":"2025-08-07T08:57:32","modified_gmt":"2025-08-07T12:57:32","slug":"b-riley-securities-provides-post-carve-out-business-update-and-financial-highlights","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/b-riley-securities-provides-post-carve-out-business-update-and-financial-highlights\/","title":{"rendered":"B. Riley Securities Provides Post-Carve Out Business Update and Financial Highlights"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n ARLINGTON, Va.<\/span>
\n <\/span>, Aug. 7, 2025<\/span><\/span> \/PRNewswire\/ — B. Riley Securities Holdings, Inc. <\/b>(“B. Riley Securities,” “BRS” or the “Company”), a leading middle market investment bank, today provided a business update and certain preliminary financial results for its first full quarter since the previously announced carve-out transaction from B. Riley Financial, Inc. (Nasdaq: RILY) (“BRF”) in March 2025<\/span>.<\/p>\n

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\n \"B.
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\n Management Commentary<\/b>\n <\/p>\n

“It’s been a busy summer at B. Riley Securities, and we’re pleased to share a business update including the results of our first full quarter following our carve-out from BRF,” said Jimmy Baker<\/span>, Co-CEO and Head of Capital Markets<\/b>. “As most indices reached new highs, client activity increased significantly during the quarter, driving sequential improvements in both Institutional Brokerage commissions and Investment Banking revenue. We executed and advised on a diverse range of financing needs, meeting clients’ emerging priorities including crypto<\/span> treasury implementation and advancing AI adoption. Over the past year, we’ve helped clients raise over $8 billion<\/span> to support AI-driven investments \u2013\u00a0a trend that remained a key driver of activity throughout the second quarter. Building upon the convertibles practice we established last year, we’ve expanded our variable rate transaction capabilities to offer our clients flexible, cost-effective financing, backed by our firm’s growing balance sheet. This progress, along with strong at-the-market issuance volume, has continued into the third quarter.”<\/p>\n

“We’ve continued to strengthen our organization through key team additions and enhanced capabilities that position our firm to deliver increasing value to middle market clients throughout market cycles,” said Andy Moore<\/span>, Chairman and Co-CEO<\/b>. “We’ve added talent across the platform, including seven senior strategic hires who have reinforced leadership across key practice areas, expanded sector coverage and deepened domain expertise in areas such as Real Estate, Healthcare, Digital Assets, Consumer, TMT, FinTech, Renewables, and Industrials such as Aerospace & Defense. Our research-led franchise remains a foundational pillar and key differentiator of our business, demonstrated by the draw of several hundred companies and institutional investors that participated in our 25th<\/sup> Annual Investor Conference in May.”<\/p>\n

“We have refocused on our strengths as a mid-market merchant bank, stabilized and strengthened key teams, and begun to recapture meaningful momentum in our core business lines,” continued Mr. Baker<\/b>. “After a challenging Q1 marked by several revenue headwinds, we’ve since executed our carve-out and delivered month-over-month improvement throughout Q2 and into the early part of Q3. It’s deeply rewarding to see our clients and teammates realize the benefits of our platform, and we are especially grateful for the continued support and dedication through our transition earlier this year. While we’ve only just completed our first quarter post-carve-out, we’re encouraged by the market’s response to our strategy, and we look forward to providing future updates to our stakeholders.”<\/p>\n

\n Financial Highlights <\/b>\n <\/p>\n

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\n Q2 2025 Preliminary Unaudited Financial Results<\/b>
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\n Total Revenue<\/b>
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\n $60.9 million<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Adjusted Net Revenue<\/b>
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\n $51.5 million<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n GAAP Net Income<\/b>
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\n $12.5 million<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Adjusted Net Income<\/b>
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\n $8.6 million<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

For the three-month period ended June 30, 2025<\/span>, preliminary unaudited financial results reflect total revenue of approximately $60.9 million<\/span> and adjusted net revenue of approximately $51.5 million<\/span>. GAAP net income was approximately $12.5 million<\/span>, while adjusted net income totaled approximately $8.6 million<\/span>.<\/p>\n

The adjusted results presented above, including Adjusted Net Revenue and Adjusted Net Income, are non-GAAP metrics that BRS believes offer a clearer view of the firm’s underlying operating performance. A description of the adjustments made to arrive at non-GAAP figures is provided in the note regarding the use of non-GAAP financial measures in the Appendix of this press release.<\/p>\n

Revenue and net income may vary from period to period based on the number, size, and timing of completed transactions, among other factors. Accordingly, these results may not be indicative of broader business momentum or longer-term performance.<\/p>\n

\n Operational & Strategic Update<\/b>\n <\/p>\n