Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 154

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 154
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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 %(4,589)(7.3)%Total selling, general & administrative expenses $309,757 100.0 %$356,954 100.0 %$(47,197)(13.2)%

Total selling, general and administrative expenses decreased by $47.2 million to $309.8 million during the six months ended June 30, 2025 from $357.0 million during the six months ended June 30, 2024. The decrease was primarily due to decreases of $18.1 million in the Capital Markets segment, $13.8 million in the Wealth Management segment, $8.8 million in the Communications segment, $4.6 million in Corporate and All Other, and $4.3 million in the Consumer Products segment, partially offset by an increase of $2.4 million in the E-Commerce segment.

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Capital Markets

Selling, general and administrative expenses in the Capital Markets segment decreased by $18.1 million to $86.5 million during the six months ended June 30, 2025 from $104.5 million during the six months ended June 30, 2024. The decrease was primarily due to decreases of $21.7 million in employee compensation and benefit related expenses, which primarily related to decreases in commissions paid, share