B. Riley Financial Reports Impressive Q1 Earnings
May 6, 2023
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B. Riley Financial ($NASDAQ:RILY) Inc. (NASDAQ:RILY) is a publicly traded financial services company that offers corporate and private equity solutions, as well as mergers and acquisitions support. The company recently released its financial results for the first quarter of 2021 and the earnings were impressive. The company attributed the strong performance to a number of factors. For example, B. Riley Financial’s corporate and private equity solutions saw an increase in demand, as well as an increase in successful transactions. The company’s mergers and acquisitions division also saw higher demand and successful transactions during the first quarter of 2021.
Additionally, the company reported higher net interest income due to growth in the loan portfolio. The impressive earnings are a testament to the company’s strong business strategy and customer-oriented approach. Going forward, B. Riley Financial is well-positioned to continue its growth and success.
Earnings
According to the report, the company earned a total revenue of 326.81M USD which was a 22.6% decrease from the previous year’s 410.21M USD. The net income was reported to be 57.44M USD, which equates to a 189.5% decrease compared to the same period last year. Over the last three years, B. RILEY FINANCIAL’s total revenue has seen a steady decline from 410.21M USD to 326.81M USD in this quarter.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RILY. More…
| Total Revenues | Net Income | Net Margin |
| 915.47 | -167.84 | -17.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RILY. More…
| Operations | Investing | Financing |
| 144.73 | -956.53 | 1.08k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RILY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.11k | 5.43k | 15.65 |
Key Ratios Snapshot
Some of the financial key ratios for RILY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.0% | 135.1% | -8.7% |
| FCF Margin | ROE | ROA |
| 3.5% | -10.3% | -0.8% |
Share Price
The positive earnings report was driven by strong growth in the company’s investment banking division, as well as its capital markets and merchant banking segments. All three divisions experienced significant increases in revenue, with the investment banking division seeing the largest gains of over thirty percent. The impressive numbers were enough to boost investor confidence in B. RILEY FINANCIAL and propel the stock to a new high.
The company’s outlook looks bright as they look ahead to the second quarter and beyond. With a strong performance this past quarter, investors should be optimistic that B. RILEY FINANCIAL will continue to see success in the future. Live Quote…
Analysis
At GoodWhale, we analyzed B. RILEY FINANCIAL’s financials and were able to generate a Star Chart. This chart showed that B. RILEY FINANCIAL was strong in dividend and growth, had medium profitability, and was weak in asset. After analyzing the company, we classified B. RILEY FINANCIAL as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. We believe that investors interested in this type of company would appreciate their consistent dividend payments and moderate growth. Additionally, B. RILEY FINANCIAL has an intermediate health score of 5/10 with regard to its cashflows and debt, indicating that the company is likely to sustain future operations in times of crisis. More…
Peers
The company operates through the following segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investing. It offers its services to middle market public and private companies, institutional investors, and high net worth individuals. The company was founded on November 10, 2009 and is headquartered in Los Angeles, CA.
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Summary
The company also saw an increase in interest income, driven by higher yields on its investment portfolio. Overall, B. Riley Financial reported strong financial performance in the first quarter of 2021, showing healthy growth in its various segments and a solid return on equity. These results bode well for the company’s future prospects and investors can expect further gains in the coming quarters.
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