Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 158

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 2
Chunk 158
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 2024. The decrease in direct cost of services was primarily attributable to decreases of $16.2 million from the Communications segment, $13.4 million of which was attributable to divestiture of the Lingo wholesale carrier business in the third quarter of fiscal year 2024, and $2.3 million from All Other consisting of $0.7 million from bebe, and $1.6 million from the regional environmental services business, partially offset by an increase of $1.6 million from the E-Commerce segment consisting of Nogin, which we acquired in the second quarter of 2024.

Cost of goods sold

Cost of goods sold for the three months ended March 31, 2025 decreased $2.1 million to $36.7 million from $38.8 million during the three months ended March 31, 2024. The decrease in cost of goods sold was primarily attributable to decreases of $5.3 million in the Consumer Products segment, due to lower sales volume, $0.2 million in the Communications segment and $0.1 million from All Other consisting of bebe, partially offset by an increase of $3.1 million from the E-Commerce segment, consisting of Nogin which we acquired in the second quarter of 2024.

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Selling, general and administrative expenses 

Selling, general and administrative expenses during the three months ended March 31, 2025 and 2024 were comprised of the following:

 Three Months EndedMarch 31, 2025Three Months EndedMarch 31, 2024Change Amount%Amount%Amount%Capital Markets segment $41,837 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,