What's Going On With B. Riley Shares Tuesday?

B. Riley Financial, Inc. (NASDAQ:RILY) shares are trading higher Tuesday after the company reported second-quarter financial results.

• B. Riley Financial stock is surging to new heights today. What’s driving RILY stock higher?

What To Know: B. Riley reported second-quarter results after the closing bell on Monday that sent shares higher. Momentum has carried into Tuesday’s session. Earnings per share came in at $4.50, compared with a loss of $14.35 in the prior year. Revenue in the quarter rose to $225.3 million, up from $94.89 million year-over-year.

B. Riley’s quarterly net income was boosted by $66.8 million from the sale of GlassRatner, a North American financial services advisory firm, and $44.5 million related to senior note exchanges.

Income from continuing operations totaled $71.7 million in the period, compared with a loss of $449.2 million in the second quarter of 2024. Income from discontinued operations was $69.3 million, compared with $15.4 million a year ago.

B. Riley said it reduced total debt to $1.46 billion, down from $1.77 billion as of Dec. 31, 2024. Net debt declined to $824.8 million from $1.06 billion over the same period. The company had $286.6 million in total cash, cash equivalents and restricted cash at quarter’s end.

“As previously shared on our August 13^th earnings call, we are pleased with the second-quarter results as filed, which are in line with filed estimates,” said Bryant Riley, chairman and co-CEO of B. Riley.

“We are well positioned to file the third quarter Form 10-Q by the January 20, 2026 deadline established by Nasdaq, which will bring our financial reporting current.”

The commentary from Riley appears to be driving the strong surge in shares on Tuesday. B. Riley shares had been down more than 40% over the past three months ahead of the report.

See Also: Momentus Stock Bounces Back Tuesday: What’s Going On?

RILY Price Action: At the time of writing on Tuesday, B. Riley shares are trading 34.41% higher at $5.03, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.