Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 17

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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8,760)Cash, cash equivalents, and restricted cash at beginning of period153,445 170,753 Cash, cash equivalents, and restricted cash at end of period$85,954 $161,993 Supplemental cash flow disclosures:  Interest paid during the period$455 $559 Income taxes paid, net$380 $425 Supplemental disclosures of non-cash investing and financing activities:  Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable$37 $19 Unpaid purchases of property and equipment$415 $645 Right-of-use assets obtained in exchange for operating lease liabilities$8,826 $10,273 Issuance of stock for the settlement of deferred consideration$417 $833 Dividend payable$449 $430 See accompanying notes to condensed consolidated financial statements.

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

1.    Description of Business, Basis of Presentation and Recent Accounting Pronouncements

Description of BusinessMarcus & Millichap, Inc. (the “Company,” “Marcus & Millichap,” or “MMI”), a Delaware corporation, is a real estate services firm specializing in commercial real estate investment sales, financing services, research and advisory services. As of June 30, 2025, MMI operates over 80 offices in the United States and Canada through its wholly-owned subsidiaries, including the operations of Marcus & Millichap Capital Corporation.Reorganization and Initial Public Offering MMI was formed in June 2013 in preparation for the spin-off of Marcus & Millichap Real Estate Investment Services, Inc. (“MMREIS”), the real estate investment services business of Marcus & Millichap Company (“MMC”). Our initial public offering (“IPO”) was completed in November 2013. In connection with our IPO the shareholders of MMREIS contributed their shares of MMREIS to MMI in exchange for common stock of MMI. Basis of Presentation The financial information presented in the accompanying unaudited condensed consolidated financial statements, has been prepared in accordance with rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for Quarterly Reports on Form 10-Q and Article 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP