Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 424

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 424
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 $118.3 million during the six months ended June 30, 2024. The decrease in direct cost of services was primarily attributable to decreases of $32.9 million from the Communications segment, $24.9 million of which was attributable to divestiture of the Lingo wholesale carrier business in the third quarter of fiscal year 2024, and $9.5 million from All Other consisting of $8.1 million from the regional environmental services business, which was sold in the first quarter of 2025, and $1.4 million from bebe.

Cost of goods sold

Cost of goods sold for the six months ended June 30, 2025 decreased $6.7 million to $71.8 million from $78.6 million during the six months ended June 30, 2024. The decrease in cost of goods sold was primarily attributable to decreases of $8.2 million in the Consumer Products segment, due to lower sales volume, and $0.3 million from All Other consisting of bebe, partially offset by increases of $1.5 million from the E-Commerce segment, consisting of Nogin which we acquired in the second quarter of 2024 and deconsolidated in the first quarter of 2025, and $0.3 million in the Communications segment.

Selling, General and Administrative Expenses 

Selling, general and administrative expenses during the six months ended June 30, 2025 and 2024 were comprised of the following:

 Six Months EndedJune 30, 2025Six Months EndedJune 30, 2024Change Amount%Amount%Amount%Capital Markets segment $86,463 27.9 %$104,546 29.3 %$(18,083)(17.3)%Wealth Management segment 85,494 27.6 %99,308 27.8 %(13,814)(13.9)%Communications segment40,586 13.1 %49,353 13.8 %(8,767)(17.8)%Consumer Products segment 30,236 9.8 %34,571 9.7 %(4,335)(12.5)%E-Commerce segment8,428 2.7 %6,037 1.7 %2,391 39.6 %Corporate and All Other  58,550 18.9 %63,139 17.7