B. Riley Securities
B. Riley Securities is a full-service, FINRA-registered investment bank serving small-cap and middle-market companies, financial sponsors, and institutional investors with capital markets execution, M&A advisory, proprietary equity research, and institutional sales and trading across multiple sectors.
- Company typePublic
- Founded2000
- HeadquartersLos Angeles, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What B. Riley Securities does
B. Riley Securities is a full-service, FINRA-registered investment bank headquartered in Los Angeles that provides capital markets execution, M&A advisory, equity research, and institutional sales and trading to small-cap and middle-market companies, financial sponsors, and institutional investors. Founded around 2000 and operating as a wholly-owned subsidiary of BRC Group Holdings, Inc. (Nasdaq: RILY), the firm is one of the few middle-market banks able to pair balance-sheet capital solutions (via its BRC Specialty Finance direct lending platform) with traditional underwriting and advisory capabilities, positioning it to capture share as traditional middle-market funding sources retreat.
The firm's platform is built around three product lines: (1) investment banking and capital markets, including IPOs, follow-on offerings, debt and equity-linked solutions, institutional private placements, M&A advisory, corporate restructuring, and liability management; (2) proprietary thematic equity research across Healthcare, Technology, Crypto & Digital Assets, Energy & Natural Resources, Financial Services, Consumer, Diversified Industrials, Business Services, and Real Estate; and (3) institutional sales and trading, including market-making in NASDAQ and OTC securities. In FY2025 the firm executed over 200 client transactions that collectively raised approximately $42 billion in debt and equity capital for clients, including a $180 million IPO paired with a $170 million follow-on in the same year and the first-ever carve-out of a digital asset company's HPC data center subsidiary into a standalone public company (WhiteFiber, August 2025).
B. Riley Securities generates revenue primarily through transaction-based fees on capital markets mandates (bookrunning, co-managing, or placement agent roles) and advisory retainers, with pricing negotiated deal-by-deal as a percentage of gross proceeds raised. The firm operates a sales-led model centered on institutional investor relationships and equity research-driven origination, with additional offices in New York, Arlington (Virginia), Chicago, Miami, and Boston. FY2025 financials showed $260.2 million in revenue, $69.9 million in net income, and $223 million in cash and securities on a debt-free balance sheet. In April 2026 BRC Group Holdings announced a pending merger of B. Riley Securities with B. Riley Wealth and the repurchase of the remaining ~8% minority shares of BRS, subject to FINRA Rule 1017 approval, aimed at consolidating investment banking and wealth management under a single platform.
B. Riley Securities firmographics
Firmographics- Name
- B. Riley Securities
- Legal name
- B. Riley Securities, Inc.
- Website
- https://brileysecurities.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- B. Riley Securities is a full-service, FINRA-registered investment bank serving small-cap and middle-market companies, financial sponsors, and institutional investors with capital markets execution, M&A advisory, proprietary equity research, and institutional sales and trading across multiple sectors.
- Ownership category
- akta.pro rank
B. Riley Securities industry classification
Industry- Product category
- Investment Banking
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industries
- Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI), Secondary Offerings & Share Sales (Secondary Placements) (FSACAAAG), Block Trades & Accelerated Bookbuilds (ABB) (FSACAAAE)
Keywords
Where B. Riley Securities is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
B. Riley Securities business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Investment Banking Fees: Revenue from providing advisory services including M&A advisory, capital markets transactions, and strategic financing solutions to small-cap and middle-market companies. The firm executed over 200 client transactions raising $42 billion in debt and equity capital during FY25.
- Capital Markets Revenue: Revenue from acting as bookrunner, placement agent, or lead manager on equity and debt offerings, including IPOs, follow-on offerings, convertible notes, and institutional private placements.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
B. Riley Securities product offering
Product offeringCore offering
B. Riley Securities is a FINRA-registered broker-dealer and full-service investment bank providing investment banking and capital markets services to small-cap and middle-market companies. Its offerings include initial and follow-on equity offerings, debt and equity-linked solutions, institutional private placements, M&A advisory, corporate restructuring, liability management, proprietary thematic equity research, and institutional sales and trading. The firm also operates BRC Specialty Finance, a direct lending platform providing structured credit solutions to underserved middle-market companies.
Product overview
B. Riley Securities is a full-service investment bank and capital markets provider offering a comprehensive platform of financial services. The core offering consists of investment banking and capital markets services including equity and debt offerings, M&A advisory, equity research, institutional sales and trading, and restructuring services across multiple industry verticals (Healthcare, Technology, Energy, Financial Services, Consumer, Industrials, Crypto & Digital Assets, and Real Estate). The firm also operates BRC Specialty Finance, a direct lending platform that provides flexible credit solutions to underserved small-cap and middle-market companies. BRC Specialty Finance differentiates itself by pairing credit underwriting with real-time capital markets insights and offering borrowers greater flexibility through structured capital solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Banking & Capital Markets Full suite of investment banking services including initial public offerings, follow-on equity offerings, debt and equity-linked solutions, institutional private placements, M&A advisory, corporate restructuring, and liability management for corporate clients.
- Equity Research Thematic proprietary equity research coverage across sectors including Business Services, Consumer, Crypto & Digital Assets, Diversified Industrials, Energy & Natural Resources, Financial Services, Healthcare, Real Estate, and Technology, Media & Telecom, serving institutional investors.
- Institutional Sales & Trading Sales and trading services for institutional investors, including market making in NASDAQ and OTC Markets securities, and high-touch execution for primary and secondary offerings.
- Mergers & Acquisitions Advisory
Quantifiable outcome
- $42 billion in debt and equity capital raised for clients during FY2025
- +2 more outcomes
Companies that use B. Riley Securities
Customer profileSegments3 records
Ideal customer profiles3 records
B. Riley Securities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
B. Riley Securities partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Children's Hospital Los AngelesminorB. Riley Securities' annual Commissions for Charity Day on May 13, 2026 donates all equity trading commissions to Children's Hospital Los Angeles to support pediatric diabetes research, care, prevention, and education. Partnership with Sugar Ray Leonard Foundation spans over 15 years.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
B. Riley Securities competitors and assessment
Company assessmentDirect peers
- Cantor Fitzgerald: Diversified investment bank with a large middle-market and small-cap capital markets franchise, frequently co-managing or co-bookrunning offerings alongside B. Riley Securities (e.g., UR-Energy ATM with BRS). Direct overlap in ECM, debt capital markets, and institutional sales & trading.
- Maxim Group: Small-cap and middle-market investment bank with ECM, ATM, and M&A advisory capabilities targeting growth companies, overlapping directly with B. Riley Securities' healthcare, technology, and consumer coverage.
- EF Hutton: Full-service investment bank with ECM, DCM, and M&A advisory focused on small-cap and middle-market issuers, frequently appearing alongside BRS on capital markets transactions.
- Ladenburg Thalmann: Middle-market investment bank and wealth manager with comparable small-cap IPO, follow-on, and ATM capabilities. Frequently appears as co-sales agent alongside BRS (e.g., Elicio Therapeutics ATM).
- D.A. Davidson: Middle-market focused investment bank and capital markets platform serving small-cap and mid-cap issuers with ECM, DCM, M&A, and institutional research—closely comparable client base and product mix to B. Riley Securities.
- Roth Capital Partners: Small-cap and middle-market investment bank focused on IPOs, follow-on offerings, and ATM programs for emerging growth companies—directly comparable offering set and target issuer profile.
- A.G.P. / Alliance Global Partners: Middle-market broker-dealer providing investment banking, capital markets, and institutional services with a small-cap and emerging-growth focus that closely mirrors B. Riley Securities' target issuer base.
- ThinkEquity: Small-cap focused investment bank providing IPO, follow-on, and ATM execution services for emerging growth companies—an emerging direct competitor in the same niche.
Broad incumbents
- Piper Sandler: Larger middle-market investment bank with deep sector specialization (healthcare, consumer, tech) and broad capital markets capabilities—a broader incumbent competing for many of the same mid-cap mandates BRS pursues.
- Jefferies: Global full-service investment bank with a sizable middle-market franchise across healthcare, technology, and financials—a larger incumbent competing for mandates and talent overlap with BRS's coverage.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
B. Riley Securities social profiles
Digital presenceB. Riley Securities compliance and trust
Trust signalCompliance2 records
B. Riley Securities financial estimates
Financial estimateRevenue estimate
Valuation estimate
B. Riley Securities leadership team
Management profileNumber of profiles
Profiles12 records
B. Riley Securities subsidiaries and ownership
Company hierarchySubsidiaries1 record
B. Riley Securities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
B. Riley Securities M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about B. Riley Securities
What does B. Riley Securities do?
B. Riley Securities is a FINRA-registered broker-dealer and full-service investment bank providing investment banking and capital markets services to small-cap and middle-market companies. Its offerings include initial and follow-on equity offerings, debt and equity-linked solutions, institutional private placements, M&A advisory, corporate restructuring, liability management, proprietary thematic equity research, and institutional sales and trading. The firm also operates BRC Specialty Finance, a direct lending platform providing structured credit solutions to underserved middle-market companies.
Is B. Riley Securities a public or private company?
B. Riley Securities is a public company. It is classified as corporate owned and is currently operating.
When was B. Riley Securities founded?
B. Riley Securities was founded in 2000. It employs 51 to 100 people.
Where is B. Riley Securities based?
B. Riley Securities is headquartered in Los Angeles, United States, in the North America region.
How does B. Riley Securities make money?
Two revenue lines are on record. Investment Banking Fees are the primary driver. The others are capital Markets Revenue.
Who are B. Riley Securities's main competitors?
Direct peers on record are Cantor Fitzgerald, Maxim Group, EF Hutton, Ladenburg Thalmann, D.A. Davidson, Roth Capital Partners, A.G.P. / Alliance Global Partners and ThinkEquity. Broad incumbents are Piper Sandler and Jefferies.
Does B. Riley Securities have an API?
No public API is recorded for B. Riley Securities.
What industry is B. Riley Securities in?
B. Riley Securities's product category is Investment Banking. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of FSACAAAI, Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness). Its NAICS code is 523 and its SIC code is 6211.