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SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

9 Months Ended

Sep. 30, 2025

Selling, General and Administrative Expense [Abstract]

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Selling, general and administrative expenses includes payroll and employee benefits associated with personnel employed in executive, sales and marketing, finance, technology, law, compliance, human resources, vendor management, facilities and risk management roles. This category also includes professional services fees, occupancy costs, marketing costs, depreciation and amortization of non-operating assets and other expenses. The components of selling, general and administrative expenses were as follows:

						Three months ended September 30,												Nine months ended September 30,
(in thousands)						2025						2024						2025						2024
Compensation and benefits						$	5,206					$	4,413					$	15,111					$	14,765
Professional services						1,581						2,547						4,009						7,160
Amortization of intangible assets						1,270						1,270						3,810						3,810
Occupancy related costs						875						801						2,541						2,776
Marketing costs						593						489						1,719						1,536
Depreciation and amortization						8						99						132						315
Other						1,293						1,346						3,380						4,089
Total						$	10,826					$	10,965					$	30,702					$	34,451

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- Definition

The entire disclosure of costs related to selling products and services, as well as all other general and administrative expenses.

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No definition available.

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No definition available.

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