RIV
RIV
RiverNorth Opportunities Fund, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2026 | $18M ▼ | $-10.57M ▼ | $25.81M ▲ | 143.4% ▲ | $0.84 ▼ | $25.81M ▲ |
| Q4-2025 | $19.64M ▼ | $-8.27M ▼ | $25.37M ▲ | 129.19% ▲ | $1.05 ▲ | $25.37M ▲ |
| Q2-2025 | $23.22M ▲ | $10.23M ▲ | $10.15M ▼ | 43.73% ▼ | $0.34 ▼ | $10.15M ▼ |
| Q4-2024 | $1.84M ▼ | $-20.21M ▼ | $19.8M ▼ | 1.08K% ▲ | $0.81 ▼ | $19.8M ▼ |
| Q2-2024 | $8.3M | $-17.9M | $23.54M | 283.75% | $0.96 | $23.59M |
What's going well?
The company remains profitable, with $25.81 million in net income and no debt burden. Strong interest income helped offset weaker sales.
What's concerning?
Revenue and gross profit both fell, and core business margins are under pressure. A big increase in share count diluted earnings per share, and profits now rely heavily on interest income rather than sales.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2026 | $15.32M ▼ | $463.2M ▲ | $22.24M ▲ | $440.96M ▲ |
| Q4-2025 | $35.9M ▼ | $381.75M ▼ | $15.33M ▼ | $366.42M ▲ |
| Q2-2025 | $56.13M ▲ | $399.78M ▼ | $39.34M ▼ | $360.44M ▼ |
| Q4-2024 | $39.91M ▼ | $408.91M ▲ | $39.34M ▲ | $369.57M ▲ |
| Q2-2024 | $58.27M | $399.22M | $33.18M | $366.04M |
What's financially strong about this company?
RIV has very low debt compared to its equity, no risky goodwill or intangibles, and most assets are in investments. The company’s ability to raise equity and grow book value is a good sign for stability.
What are the financial risks or weaknesses?
Cash and short-term investments fell sharply, which could be a concern if they need liquidity quickly. The company also increased payables and issued more shares, which could dilute existing shareholders.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2026 | $25.81M | $-224.44K | $-86.66M | $62.21M | $-367.46K | $-224.44K |
What's strong about this company's cash flow?
The company can raise money from investors and lenders, allowing it to pay dividends and keep operating for now.
What are the cash flow concerns?
RIV is burning cash from its core business, has very little cash left, and is paying out more to shareholders than it earns—only possible by raising new money, which is not sustainable.
About RiverNorth Opportunities Fund, Inc.
https://www.rivernorth.comRiverNorth Opportunities Fund, Inc. is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc. and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc. was formed on December 24, 2015 and is domiciled in the United States.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2026 | $18M ▼ | $-10.57M ▼ | $25.81M ▲ | 143.4% ▲ | $0.84 ▼ | $25.81M ▲ |
| Q4-2025 | $19.64M ▼ | $-8.27M ▼ | $25.37M ▲ | 129.19% ▲ | $1.05 ▲ | $25.37M ▲ |
| Q2-2025 | $23.22M ▲ | $10.23M ▲ | $10.15M ▼ | 43.73% ▼ | $0.34 ▼ | $10.15M ▼ |
| Q4-2024 | $1.84M ▼ | $-20.21M ▼ | $19.8M ▼ | 1.08K% ▲ | $0.81 ▼ | $19.8M ▼ |
| Q2-2024 | $8.3M | $-17.9M | $23.54M | 283.75% | $0.96 | $23.59M |
What's going well?
The company remains profitable, with $25.81 million in net income and no debt burden. Strong interest income helped offset weaker sales.
What's concerning?
Revenue and gross profit both fell, and core business margins are under pressure. A big increase in share count diluted earnings per share, and profits now rely heavily on interest income rather than sales.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2026 | $15.32M ▼ | $463.2M ▲ | $22.24M ▲ | $440.96M ▲ |
| Q4-2025 | $35.9M ▼ | $381.75M ▼ | $15.33M ▼ | $366.42M ▲ |
| Q2-2025 | $56.13M ▲ | $399.78M ▼ | $39.34M ▼ | $360.44M ▼ |
| Q4-2024 | $39.91M ▼ | $408.91M ▲ | $39.34M ▲ | $369.57M ▲ |
| Q2-2024 | $58.27M | $399.22M | $33.18M | $366.04M |
What's financially strong about this company?
RIV has very low debt compared to its equity, no risky goodwill or intangibles, and most assets are in investments. The company’s ability to raise equity and grow book value is a good sign for stability.
What are the financial risks or weaknesses?
Cash and short-term investments fell sharply, which could be a concern if they need liquidity quickly. The company also increased payables and issued more shares, which could dilute existing shareholders.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2026 | $25.81M | $-224.44K | $-86.66M | $62.21M | $-367.46K | $-224.44K |
What's strong about this company's cash flow?
The company can raise money from investors and lenders, allowing it to pay dividends and keep operating for now.
What are the cash flow concerns?
RIV is burning cash from its core business, has very little cash left, and is paying out more to shareholders than it earns—only possible by raising new money, which is not sustainable.
CEO
Patrick W. Galley
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-09-11 | Forward | 103:100 |
| 2019-10-01 | Forward | 1017:1000 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : A
Price Target
Institutional Ownership
CORECAP ADVISORS, LLC
Shares:35.44K
Value:$408.22K
SEACREST WEALTH MANAGEMENT, LLC
Shares:21.59K
Value:$248.75K
Summary
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