Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 427

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 427
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 we acquired in the second quarter of 2024, partially offset by a decrease of $2.3 million from the Auction and Liquidation segment due to the number and size of fee deals in prior year.  

Selling, General and Administrative Expenses 

Selling, general and administrative expenses during the six months ended June 30, 2024 and 2023 were comprised of the following:

 Six Months EndedJune 30, 2024Six Months EndedJune 30, 2023Change Amount%Amount%Amount%Capital Markets segment $104,546 24.9 %$113,830 28.4 %$(9,284)(8.2)%Wealth Management segment 99,308 23.7 %97,454 24.3 %1,854 1.9 %Auction and Liquidation segment 3,369 0.8 %4,582 1.1 %(1,213)(26.5)%Financial Consulting segment 57,612 13.8 %44,121 11.0 %13,491 30.6 %Communications segment49,353 11.8 %55,821 13.9 %(6,468)(11.6)%Consumer Products segment 34,571 8.3 %40,965 10.2 %(6,394)(15.6)%Corporate and All Other  70,127 16.7 %44,739 11.1 %25,388 56.7 %Total selling, general & administrative expenses $418,886 100.0 %$401,512 100.0 %$17,374 4.3 %

Total selling, general and administrative expenses increased by $17.4 million to $418.9 million during the six months ended June 30, 2024 from $401.5 million during the six months ended June 30, 2023. The increase was primarily due to increases of $25.4 million in Corporate and All Other, $13.5 million in the Financial Consulting segment, and $1.9 million in the Wealth Management segment, partially offset by decreases of $9.3 million in the Capital Markets segment, $6.4 million in the Consumer Products segment, $6.5 million in the Communications segment, and $1.2 million in the Auction and Liquidation segment.

Capital Markets