Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 203

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 2
Chunk 203
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0.2 million from the Communications segment and $6.0 million from All Other due to bebe in which we acquired a controlling interest and consolidated during the fourth quarter of 2023 and Nogin which we acquired in the second quarter of 2024, partially offset by a decrease of $0.6 million from the Auction and Liquidation segment due to the size of the fee deals.  

Selling, General and Administrative Expenses 

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

 Three Months Ended June 30, 2024Three Months Ended June 30, 2023Change  Amount%Amount%Amount %Capital Markets segment $50,551 24.2 %$46,863 24.8 %$3,688 7.9 %Wealth Management segment 49,20523.5 %49,046 26.0 %159 0.3 %Auction and Liquidation segment 1,8610.9 %2,302 1.2 %(441)(19.2)%Financial Consulting segment 28,66713.7 %22,894 12.1 %5,773 25.2 %Communications segment25,47812.2 %26,646 14.1 %(1,168)(4.4)%Consumer Products segment 17,0498.1 %19,063 10.1 %(2,014)(10.6)%Corporate and All Other  36,52717.4 %22,071 11.7 %14,456 65.5 %Total selling, general & administrative expenses $209,338 100.0 %$188,885 100.0 %$20,453 10.8 %

Total selling, general and administrative expenses increased by $20.5 million to $209.3 million during the three months ended June 30, 2024 from $188.9 million during the three months ended June 30, 2023. The increase was primarily due to increases of $14.5 million in Corporate and All Other, $5.8 million in the Financial Consulting segment, $3.7 million in the Capital Markets segment, and $0.2 million in the Wealth Management segment, partially offset by decreases of $2.0 million in