Company: MMI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001578732-25-000031
Chunk: 31

Company: Marcus & Millichap, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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31, 2025Beginning balance$37,597 Additions from acquisitions — Impact of foreign currency translation2 Ending balance$37,599 

14

Table of ContentsMARCUS & MILLICHAP, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 

Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands): March 31, 2025Remainder of 2025$1,556 20261,387 20271,214 20281,210 2029— Thereafter— $5,367 The Company evaluates goodwill for impairment annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing, which indicate that it is more likely than not an impairment loss has occurred. The Company evaluates its intangible assets that have finite useful lives whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable. 

As of March 31, 2025, the Company considered the impact of economic conditions and evaluated its goodwill and intangible assets for impairment testing. The Company estimated the recoverability of the intangible assets by comparing the carrying amount of each asset to the future undiscounted cash flows that the Company expects the asset to generate. The sum of the undiscounted expected future cash flows was greater than the carrying amount of the intangible assets. The Company concluded that as of March 31, 2025, there was no impairment of its intangible assets or goodwill. 

5.    Selected Balance Sheet Data 

Allowances on Advances and LoansAllowance for credit losses for advances and loans was $1.2 million as of each of March 31, 2025 and December 31, 2024. Other Assets Other assets consisted of the following (in thousands): CurrentNon-CurrentMarch 31,2025December 31,2024March 31,2025December 31,2024Security deposits$— $— $1,286 $1,300 Employee notes receivable101 28 9 88 Securities, held-to-maturity(1)— — 9,500 9,500 Loan performance fee receivable3,594 3,310 12,865 12,529 Investments in convertible