Company: RILYN
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001464790-25-000011
Chunk: 252

Company: B. Riley Financial, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 7
Chunk 252
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 ended December 31, 2024 decreased by $5.2 million to $167.6 million, from $172.8 million during the year ended December 31, 2023. The decrease of $5.2 million is primarily comprised of a decrease in cost of goods sold of $12.0 million in the Consumer Products segment and $1.8 million in the Communications segment, partially offset by increases of $7.0 million from the E-Commerce segment consisting of Nogin, which we acquired in the second quarter of 2024, and $1.6 million from All Other and consisting of bebe, which we acquired a controlling interest and consolidated during the fourth quarter of 2023. 

Selling, general and administrative expenses

Selling, general and administrative expenses during the years ended December 31, 2024 and 2023 were comprised of the following:

Year EndedDecember 31, 2024Year EndedDecember 31, 2023ChangeAmount%Amount%Amount%Capital Markets segment$181,699 24.0 %$228,991 30.0 %$(47,292)(20.7)%Wealth Management segment194,316 25.6 %195,087 25.5 %(771)(0.4)%Financial Consulting segment74,578 9.8 %64,366 8.4 %10,212 15.9 %Communications segment94,084 12.4 %109,583 14.3 %(15,499)(14.1)%Consumer Products segment69,515 9.1 %77,147 10.1 %(7,632)(9.9)%E-Commerce segment25,310 3.3 %— — %25,310 100.0 %Corporate and Other120,275 15.8 %89,752 11.7 %30,523 34.0 %Total selling, general & administrative expenses$759,777 100.0 %$764,926 100.0 %$(5,149)(0.7)%

Total selling, general and administrative expenses decreased $5.1 million to $759.8 million during the year ended December 31, 2024 from $764.9 million during the year ended December 31, 2023. The decrease of $5.1 million in selling, general and