Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 140

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 140
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1.6 million from the E-Commerce segment, consisting of Nogin which was deconsolidated in the first quarter of 2025.

Cost of goods sold

Cost of goods sold for the three months ended June 30, 2025 decreased $4.6 million to $35.1 million from $39.8 million during the three months ended June 30, 2024. The decrease in cost of goods sold was primarily attributable to decreases of $3.0 million in the Consumer Products segment, due to lower sales volume, and $1.6 million from the E-Commerce segment, consisting of Nogin which was deconsolidated in the first quarter of 2025.

Selling, general and administrative expenses 

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

 Three Months Ended June 30, 2025Three Months EndedJune 30, 2024Change  Amount%Amount%Amount %Capital Markets segment $44,626 31.3 %$50,551 28.4 %$(5,925)(11.7)%Wealth Management segment 39,94028.1 %49,205 27.6 %(9,265)(18.8)%Communications segment19,92914.0 %25,478 14.3 %(5,549)(21.8)%Consumer Products segment 14,62110.3 %17,049 9.6 %(2,428)(14.2)%E-Commerce segment—— %6,037 3.4 %(6,037)(100.0)%Corporate and All Other  23,25316.3 %29,694 16.7 %(6,441)(21.7)%Total selling, general & administrative expenses $142,369 100.0 %$178,014 100.0 %$(35,645)(20.0)%

Total selling, general and administrative expenses decreased by $35.6 million to $142.4 million during the three months ended June 30, 2025 from $178.0 million during the three months ended June 30, 2024. The decrease was primarily due to decreases of $9.3 million in the Wealth Management segment, $6.4 million in Corporate and All Other, $6.0 million in the