B. Riley Financial Announces Notification of Delinquency with Nasdaq
B. Riley Financial (Nasdaq: RILY) received a delinquency notification from Nasdaq on August 20, 2025, for failing to comply with Listing Rule 5250(c)(1) due to delayed filing of its Q2 2025 Form 10-Q. The company has until September 29, 2025 to file multiple delinquent reports, including its 2024 Form 10-K and Q1-Q2 2025 Form 10-Qs.
While the notification has no immediate impact on RILY's Nasdaq listing, the company must submit an updated compliance plan by September 4, 2025. B. Riley expects to file its 2024 Form 10-K shortly, followed by the Q1 and Q2 2025 Form 10-Qs within 30-45 days after the 10-K filing.
B. Riley Financial (Nasdaq: RILY) ha ricevuto il 20 agosto 2025 una notifica di inadempienza da Nasdaq per la mancata osservanza della Regola di Quotazione 5250(c)(1), a causa del ritardo nel deposito del modulo 10-Q relativo al secondo trimestre 2025. La società ha tempo fino al 29 settembre 2025 per presentare più rapporti in ritardo, inclusi il 10-K per il 2024 e i 10-Q relativi al primo e al secondo trimestre 2025.
La notifica non influisce immediatamente sulla quotazione di RILY su Nasdaq, ma la società deve inviare un piano di conformità aggiornato entro il 4 settembre 2025. B. Riley prevede di depositare a breve il 10-K 2024, seguito dai 10-Q del primo e del secondo trimestre 2025 entro 30-45 giorni dal deposito del 10-K.
B. Riley Financial (Nasdaq: RILY) recibió el 20 de agosto de 2025 una notificación de incumplimiento por parte de Nasdaq por no cumplir la Norma de Listado 5250(c)(1), debido al retraso en la presentación del Formulario 10-Q del segundo trimestre de 2025. La compañía tiene hasta el 29 de septiembre de 2025 para presentar varios informes pendientes, incluido el Formulario 10-K de 2024 y los 10-Q del primer y segundo trimestre de 2025.
Aunque la notificación no afecta de forma inmediata la cotización de RILY en Nasdaq, la empresa debe presentar un plan de cumplimiento actualizado antes del 4 de septiembre de 2025. B. Riley espera presentar pronto el 10-K de 2024 y, posteriormente, los 10-Q del primer y segundo trimestre de 2025 dentro de los 30-45 días siguientes al depósito del 10-K.
B. Riley Financial (Nasdaq: RILY)는 2025년 8월 20일 미국 나스닥으로부터 2025년 2분기 10-Q 제출 지연으로 상장규칙 5250(c)(1) 위반 통지를 받았습니다. 회사는 2024년 10-K 및 2025년 1분기·2분기 10-Q 등 여러 연체 보고서를 제출하기 위해 2025년 9월 29일까지 시한이 주어졌습니다.
해당 통지는 즉각적으로 RILY의 나스닥 상장에 영향을 미치지 않지만, 회사는 2025년 9월 4일까지 갱신된 준수 계획을 제출해야 합니다. B. Riley는 2024년 10-K를 곧 제출한 뒤, 10-K 제출 후 30~45일 이내에 2025년 1분기 및 2분기 10-Q를 제출할 것으로 예상하고 있습니다.
B. Riley Financial (Nasdaq: RILY) a reçu le 20 août 2025 une notification de défaillance de la part du Nasdaq pour non-respect de la règle de cotation 5250(c)(1), en raison du retard de dépôt de son formulaire 10-Q du deuxième trimestre 2025. La société dispose jusqu'au 29 septembre 2025 pour déposer plusieurs rapports en retard, y compris le 10-K 2024 et les 10-Q du T1 et T2 2025.
Cette notification n'affecte pas immédiatement la cotation de RILY au Nasdaq, mais l'entreprise doit soumettre un plan de conformité mis à jour d'ici le 4 septembre 2025. B. Riley prévoit de déposer prochainement son 10-K 2024, puis les 10-Q du T1 et T2 2025 dans les 30 à 45 jours suivant le dépôt du 10-K.
B. Riley Financial (Nasdaq: RILY) erhielt am 20. August 2025 eine Säumnis-Mitteilung von Nasdaq wegen Nichtbefolgung der Listing Rule 5250(c)(1) infolge der verspäteten Einreichung des 10-Q für Q2 2025. Das Unternehmen hat bis zum 29. September 2025, um mehrere säumige Berichte einzureichen, darunter den 10-K für 2024 sowie die 10-Qs für Q1 und Q2 2025.
Die Mitteilung hat keine unmittelbaren Auswirkungen auf die Nasdaq-Notierung von RILY, aber das Unternehmen muss bis zum 4. September 2025 einen aktualisierten Compliance-Plan vorlegen. B. Riley erwartet, den 10-K für 2024 in Kürze einzureichen und die 10-Qs für Q1 und Q2 2025 innerhalb von 30–45 Tagen nach Einreichung des 10-K nachzureichen.
- None.
- Multiple delinquent SEC filings including 2024 Form 10-K and two quarterly reports
- Risk of Nasdaq non-compliance if filings are not completed by September 29, 2025
- Need to submit updated compliance plan by September 4, 2025
Insights
B. Riley's multiple late SEC filings trigger Nasdaq compliance issues, but company has until September 29 to remedy the situation.
B. Riley Financial's announcement of receiving a Nasdaq delinquency notification represents a significant regulatory compliance issue that investors should monitor closely. The company has failed to file not just one but three consecutive required SEC reports - its annual 10-K for 2024 and quarterly 10-Qs for Q1 and Q2 2025.
This pattern of delinquent filings raises serious governance concerns. While the notification itself doesn't immediately impact B. Riley's Nasdaq listing, the company is now operating under a critical deadline. Nasdaq has granted B. Riley until September 29, 2025 to file all delinquent reports - approximately 5 weeks from now.
The requirement to submit an updated compliance plan by September 4 indicates Nasdaq's heightened scrutiny. What's particularly concerning is that B. Riley has already missed filing deadlines for three consecutive reporting periods, which typically signals deeper internal issues with financial reporting systems, controls, or potentially more complex accounting matters that require resolution.
The company's statement that it expects to file its 2024 10-K "shortly" followed by the Q1 and Q2 filings "30 to 45 days after" provides limited reassurance, as this timeline could potentially extend beyond Nasdaq's September 29 deadline. If B. Riley fails to meet this deadline, it could face potential delisting proceedings, which would significantly impact institutional investment eligibility and overall market perception.
The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's securities on Nasdaq.
Nasdaq has granted the Company an exception until September 29, 2025 to file its delinquent Form 10-K for the year ended December 31, 2024 (the "Initial Delinquent Filing"), its delinquent Form 10-Q for the period ended March 31, 2025 and its delinquent Form 10-Q for the period ended June 30, 2025. As a result, any additional exceptions to allow the Company to regain compliance with all delinquent filings will be limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or September 29, 2025.
As a result of this additional delinquency, the Company must submit an update, by September 4, 2025, to its original plan to regain compliance with respect to the filing requirement.
B. Riley previously released preliminary fourth quarter and full year 2024 results and financial estimates, and a business update, for the first half of 2025, ended June 30, 2025. The Company expects to file its 2024 Form 10-K shortly, and its Form 10-Q for the period ended March 31, 2025, and its Form 10-Q for the period ended June 30, 2025, 30 to 45 days after the 10-K.
About B. Riley Financial
B. Riley Financial (BRF) is a diversified financial services company that through its operating entities or affiliates deliver tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. BRF leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its subsidiaries and affiliated entities, BRF provides end-to-end financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, appraisal and valuation, auction, and liquidation services. BRF opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. BRF refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com. For more information, please visit www.brileyfin.com.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2023 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.
Contacts
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SOURCE B. Riley Financial
FAQ
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