Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 123

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 123
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 25.1 %$53,995 30.2 %$(12,158)(22.5)%Wealth Management segment 45,554 27.2 %50,103 28.0 %(4,549)(9.1)%Communications segment20,657 12.3 %23,874 13.3 %(3,217)(13.5)%Consumer Products segment 15,615 9.3 %17,522 9.8 %(1,907)(10.9)%E-Commerce segment8,428 5.0 %— — %8,428 100.0 %Corporate and All Other35,297 21.1 %33,446 18.7 %1,851 5.5 %Total selling, general & administrative expenses $167,388 100.0 %$178,940 100.0 %$(11,552)(6.5)%

Total selling, general and administrative expenses decreased by $11.6 million to $167.4 million during the three months ended March 31, 2025 from $178.9 million during the three months ended March 31, 2024. The decrease was primarily due to decreases of $12.2 million in the Capital Markets segment, $4.5 million in the Wealth Management segment, $3.2 million in the Communications segment, and $1.9 million in the Consumer Products segment, partially offset by increases of $8.4 million in the E-Commerce segment and $1.9 million in Corporate and All Other.

Capital Markets

Selling, general and administrative expenses in the Capital Markets segment decreased by $12.2 million to $41.8 million during the three months ended March 31, 2025 from $54.0 million during the three months ended March 31, 2024. The decrease was primarily due to decreases of $16.8 million in employee compensation and benefit related expenses, which primarily related to decreases in commissions paid, share based compensation and other payroll expenses largely related to reduced revenue and loss of headcount, and $0.1 million in other expenses, partially offset by increases of $3.4 million in write-offs of receivables and $1.3 million in professional services.

Wealth Management

Selling, general and administrative expenses in the Wealth Management segment decreased by $4.5 million to $