RILY — what changed in the latest 10-Q
A section-by-section comparison of RILY's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +180 | −85 | ~31 | 29 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | 0 | −2 | ~2 | 0 |
| Risk factors | Some risk factors updated | +10 | 0 | ~1 | 0 |
| Other information | Text added/removed | +1 | −1 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
Partnership interests - investment funds holding SpaceX positions83,026 40,082
Total securities and other investments owned$723,715 $446,843
Total securities and other investments owned increased $276.9 million during the six months ended June 30, 2026 primarily due to the following:
•$213.0 million increase in the carrying values of Babcock & Wilcox Enterprises, Inc.’s (“B&W”) common stock due to an increase in the public share price during the current period.
•$11.3 million decrease in the carrying values of our Double Down Interactive Co., Ltd common stock primarily driven by sales of the securities partially offset by an increase in the public share price during the period.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Total securities and other investments owned$639,668 $446,843
Total securities and other investments owned increased $192.8 million during the three months ended March 31, 2026 primarily due to the following:
•$229.2 million increase in the carrying values of Babcock & Wilcox Enterprises, Inc.’s (“B&W”) common stock due to an increase in the public share price during the period.
•$(0.7) million decrease in the carrying values of our Double Down Interactive Co., Ltd common stock primarily driven by sales of the securities and a decrease in the public share price during the period.
•$(3.5) million decrease due to the disposition of our investment in Synchronoss Technologies, Inc. in the current year period.
Legal proceedings
Text removed vs the prior filing · source: 10-Q · 2026-05-07
As previously disclosed, on February 14, 2025, a stockholder derivative complaint was filed by Michael Marchner in the Delaware Chancery Court on behalf of the Company and against the members of the Company’s Board of Directors. The complaint alleged that certain of the Company’s officers and the bo…
In light of the significant factual issues to be resolved with respect to the asserted claims and other proceedings described above and uncertainties regarding unasserted claims described above, at the present time reasonably possible losses cannot be estimated with respect to the asserted and unass…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-06
There has been recent dilution and there may continue to be additional future dilution of our Common Stock, including as a result of the Company’s recent Section 3(a)(9) exchanges and potential future exchanges, which could adversely affect the market price of shares of our Common Stock.
As of June 30, 2026, the Company executed nine Section 3(a)(9) exchanges whereby they exchanged outstanding units of various series of senior notes for shares of the Company’s Common Stock in an effort to decrease the Company’s outstanding indebtedness. As a result of these Section 3(a)(9) exchanges…
As a result of the Section 3(a)(9) exchanges and other issuances of Common Stock during the quarter, the aggregate beneficial ownership of our executive officers, directors and their affiliates declined from approximately 25.4% as reported in our Annual Report on Form 10-K/A to approximately 21.4% o…
During 2024 we suspended paying dividends on our common stock, and in early 2025, we also suspended paying dividends on our Existing Preferred Stock. We may not pay dividends in the near future on our common or preferred stock. Even if we were to reinitiate dividends, our Board of Directors may redu…
assurances that we will generate sufficient cash to pay dividends, or that we will pay dividends in future periods. Voting rights for holders of Depositary Shares exist primarily with respect to the ability to elect (together with the holders of other outstanding series of the Company’s preferred st…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-06
(a)As previously disclosed in Item 5(a) of the Company’s quarterly report on Form 10-Q filed on May 7, 2026, Fred Knopf (“Executive”) was appointed to the position of Executive Vice President, General Counsel and Secretary of the Company upon the retirement of Alan N. Forman. In connection with the …
Text removed vs the prior filing · source: 10-Q · 2026-05-07
(a)Alan N. Forman, the Company’s Executive Vice President and General Counsel, will be retiring effective June 30, 2026. Mr. Forman’s retirement is not due to any disagreement with the Company concerning any matter relating to its operations, policies, or practices. The Company is grateful to Mr. Fo…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice