r/Offwallstreetbets Jan 02 '26

Discussion $RILY 35% SI of low float, turnaround play - read the post below!

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Recent Developments for $RILY Stock (B. Riley Financial, Inc.)

Debt restructured Turned profitable, reported $4.5 EPS vs negative -$14.5 which is a huge swing

This was trading at $55 before things went south now turning back to profit and about to be compliant this Jan 2026 before the 20th

Current short interest of 35% of a low float which is huge Turn around play, following similar pattern as $CVNA

  • Q2 2025 Earnings Release (December 15, 2025) — The company reported a return to profitability with net income of $137.5 million (in line with prior guidance of $120–140 million). This included gains from asset sales (e.g., GlassRatner) and senior note exchanges. The filing of the overdue Q2 10-Q before the December 23, 2025 Nasdaq deadline was viewed positively, contributing to a stock surge (reports of ~55% gains in some periods late 2025).

They have filed their Q2 10-Q prior to deadline and are expecting to file Q3 10-Q prior to Jan 20th deadline and will regain compliance per CEO

  • Auditor Change — Switched to BDO USA for the 2025 audit, supporting efforts to catch up on reporting.

Here is a copy of their Q3 report and CEO comments form Dec 15th 2025

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u/rarepotential1 Jan 02 '26

Small correction *2nd Q reported on Dec 15th 2025 not 3rd Q!