Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 27

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 and financing sales platforms. The Company expects all of the goodwill to be tax deductible, with the tax-deductible amount of goodwill related to the contingent and deferred consideration to be determined once the cash payments are made to settle any contingent and deferred consideration. The goodwill resulting from acquisitions is allocated to the Company’s one reporting unit. Goodwill and intangible assets, net consisted of the following (in thousands): June 30, 2025December 31, 2024GrossCarryingAmountAccumulatedAmortization Net BookValueGrossCarryingAmountAccumulatedAmortization Net BookValueGoodwill and intangible assets:      Goodwill$37,898 $— $37,898 $37,597 $— $37,597 Intangible assets (1)19,424 (14,609)4,815 19,123 (13,199)5,924 $57,322 $(14,609)$42,713 $56,720 $(13,199)$43,521 (1)Total weighted remaining average amortization period was 3.2 years and 3.5 years as of June 30, 2025 and December 31, 2024, respectively. Intangible assets principally include non-compete agreements and customer relationships.The Company recorded amortization expense for intangible assets of $0.5 million and $1.0 million for the three months ended June 30, 2025 and 2024, respectively, and $1.1 million and $2.0 million for the six months ended June 30, 2025 and 2024, respectively.

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

The changes in the carrying amount of goodwill consisted of the following (in thousands): Six Months Ended June 30, 2025Beginning balance$37,597 Additions from acquisitions — Impact of foreign currency translation301 Ending balance$37,898 Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands): June 30, 2025Remainder of 2025$1,004 20261,387 20271,214 20281,210 2029— Thereafter— $4,815 The Company evaluates goodwill for impairment