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Investor Relations B. Riley Financial Reports Second Quarter 2021 Results ; Declares $ 2.00 Dividend Total revenues increased to $ 336.8 million , up 26 % from Q2 2020 Operating revenues increased to $ 304.1 million , up 100 % from Q2 2020 Diluted EPS of $ 2.58 and net income of $ 73.9 million , down 11 % from Q2 2020 Operating EBITDA increased to $ 92.1 million , up 97 % from Q2 2020 Total adjusted EBITDA of $ 124.9 million for the quarter Declares total dividend of $ 2.00 per share , includes $ 0.50 regular and $ 1.50 special LOS ANGELES , July 29 , 2021 / PRNewswire / -- B. Riley Financial , Inc. ( NASDAQ : RILY ) , a diversified financial services company , today announced its financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Highlights • Net income available to common shareholders of $ 73.9 million , down 11 % year - over - year • Total revenues of $ 336.8 million , up 26 % year - over - year • Total adjusted EBITDA ( ¹ ) of $ 124.9 million ( 2 ) • Operating revenues of $ 304.1 million , up 100 % year - over - year • Operating adjusted EBITDA ( 3 ) of $ 92.1 million , up 97 % year - over - year • Investment gains ( 4 ) of $ 32.7 million Bryant Riley , Chairman and Co - Chief Executive Officer of B. Riley Financial , said : " Our operating EBITDA doubled on a year - over - year basis demonstrating continued strength across our businesses during the second quarter . Our results were driven by our investment banking division which continues to establish its leadership in small and mid - cap equity capital markets , supplemented by steady contributions from Advisory Services and Principal Investments . Increasing our capital base while simultaneously returning capital to shareholders and lowering our cost of capital has provided us with the financial flexibility to pursue the increasing number of opportunities that our diversified platform offers . " Tom Kelleher , Co - Chief Executive Officer of B. Riley Financial , added : " Our recent addition of complementary businesses and key hires have helped increase synergies and cross - selling opportunities across our platform . As we continue to work towards integrating our colleagues from National Holdings and enhancing the services we offer to our clients , recruiting remains a key focus . We continue to seek out new talent and businesses that can expand our reach and capabilities across service lines . " Riley added : " The successful execution of our platform strategy has allowed us to build a solid balance sheet while enabling us to return $ 8.50 in common stock dividends to shareholders over the last three quarters . As we look ahead , we see multiple pathways with which to grow shareholder value . We will continue to take advantage of market opportunities in our core segments while building on additional recurring revenue streams that are both noncorrelated and counter cyclical . " Declaration of Common Stock Dividend The Company's Board of Directors has approved a total quarterly cash dividend of $ 2.00 per share which includes the regular $ 0.50 dividend and a special dividend of $ 1.50 per share . The dividend is payable on or about August 26 , 2021 to common stockholders of record as of August 13 , 2021 . Second Quarter 2021 Financial Summary For the three months ended June 30 , 2021 , B. Riley Financial reported net income available to common shareholders of $ 73.9 million , or $ 2.58 per diluted share . Three Months Ended June 30 , Six Months Ended June 30 , ( Dollars in thousands , except for share data ) Net income ( loss ) available to common shareholders 2021 $ 73,887 $ 2020 82,753 2021 $ 326,794 $ 2020 ( 16,967 ) Basic income ( loss ) per common share $ 2.70 $ 3.23 $ 12.03 $ ( 0.66 ) Diluted income ( loss ) per common share $ 2.58 $ 3.07 $ 11.39 $ ( 0.66 ) Total revenues were $ 336.8 million for the second quarter of 2021 , a year - over - year increase of 26 % compared to $ 266.5 million for the prior - year period . The Company reported total adjusted EBITDA ( ¹ ) of $ 124.9 million for the quarter .