B. Riley Financial Faces Crucial Nasdaq Exception: Late Filings Put RILY on the Clock for Fall 2025 Comeback
B. Riley Financial gets more time from Nasdaq after missing key SEC filing deadlines. Here’s what it means and what investors should watch for.
- Exception Deadline: September 29, 2025
- Period of Late Filings: 2024 Annual Report, Q1 2025 Quarterly Report
- Stock Listing Impact: No immediate threat of Nasdaq delisting
- Expected Filing Catch-up: By Fall 2025
B. Riley Financial (NASDAQ: RILY) is in the spotlight after receiving yet another delinquency notification from Nasdaq. The financial services and asset management giant has once again fallen behind on its SEC filings—a red flag for investors and analysts alike.
On June 4, 2025, Nasdaq formally notified B. Riley that it is not in compliance with Nasdaq Listing Rule 5250(c)(1). This rule mandates timely submission of all required financial reports to the U.S. Securities and Exchange Commission (SEC), an essential piece of public company transparency.
Why Is B. Riley Late With Its Reports?
B. Riley has struggled to file its 2024 annual report and its March 2025 quarterly numbers. Company insiders attribute these delays to a perfect storm of significant business events and complex transactions completed in 2024—a reminder of the fast-moving, unpredictable world of financial services.
Despite these delays, Nasdaq has offered a lifeline: an official exception. The company now has until September 29, 2025, to clear all delinquent filings and regain compliance.
Q: Does This Impact RILY’s Nasdaq Listing?
There is currently no immediate threat to B. Riley’s Nasdaq listing. The recent notification serves as a warning and a countdown clock. However, if RILY fails to submit the required reports before the September deadline, the risk of delisting becomes very real—a move that can rattle shareholders and undermine market confidence.
Q: What’s Next for Investors and RILY Stock?
Investors are keeping a close eye on RILY, tracking its next moves through platforms like Bloomberg and MarketWatch. The company has publicly emphasized its commitment to resolving the backlog and expects to return to a normal reporting schedule by this fall.
How Can Investors Protect Themselves During Regulatory Delays?
- Track news and SEC filings for late companies on reliable sources like WSJ and the SEC.
- Monitor price swings—regulatory uncertainty often increases volatility.
- Review company statements and independent analysts’ commentary for clues on resolution progress.
- Diversify your portfolio to mitigate risk from single-stock events.
How Will the Exception Window Play Out?
The next months will be critical. If B. Riley delivers its missing reports before the September 29 deadline, it resets the clock—restoring investor faith and compliance. Any further delays may trigger automatic delisting procedures, leaving long-term shareholders in limbo.
Nasdaq’s move to grant an exception underscores the challenges facing companies navigating post-pandemic market complexity and regulatory scrutiny in 2025.
Stay informed—review the quick checklist below and follow key financial news sources to navigate these volatile headlines.
- Mark September 29, 2025: The compliance deadline for RILY
- Track RILY’s official filings at SEC.gov
- Watch analyst commentary on MarketWatch and Bloomberg
- Reassess your risk tolerance for companies flagged as delinquent by Nasdaq
