B.

B. Riley strengthens balance sheet ahead of debt maturities. The financial services firm outlined its 2026 strategy to address $167 million in September notes and $170 million in December notes maturing this year. Management has implemented deliberate steps to strengthen the balance sheet and streamline its core operating platform, positioning the company to capitalize on current market opportunities. The company is simplifying B. Riley Securities and Wealth operations as part of its broader restructuring efforts. These moves reflect management's commitment to improving financial flexibility while navigating near-term debt obligations. Investors are watching how effectively the firm executes its debt management plan and whether operational streamlining can enhance profitability and cash generation moving forward.