Company: MMI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001578732-25-000031
Chunk: 17

Company: Marcus & Millichap, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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,152 65,701 Other liabilities, non-current6,912 7,007 Total liabilities184,471 238,982 Commitments and contingencies— — Stockholders’ equity:Preferred stock, $0.0001 par value:Authorized shares – 25,000,000; issued and outstanding shares – none at March 31, 2025 and December 31, 2024, respectively— — Common stock, $0.0001 par value:Authorized shares – 150,000,000; issued and outstanding shares – 39,138,040 and 38,856,790 at March 31, 2025 and December 31, 2024, respectively4 4 Additional paid-in capital174,799 173,340 Retained earnings443,830 458,907 Accumulated other comprehensive loss(1,080)(1,433)Total stockholders’ equity617,553 630,818 Total liabilities and stockholders’ equity$802,024 $869,800 

See accompanying notes to condensed consolidated financial statements. 

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Table of Contents

MARCUS & MILLICHAP, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 

(in thousands, except per share amounts) 

(Unaudited) 

Three Months EndedMarch 31,20252024Revenue:Real estate brokerage commissions$123,622 $109,475 Financing fees18,130 14,427 Other revenue3,286 5,202 Total revenue145,038 129,104 Operating expenses:Cost of services88,348 76,868 Selling, general and administrative71,552 68,916 Depreciation and amortization2,849 3,422 Total operating expenses162,749 149,206 Operating loss(17,711)(20,102)Other income, net3,979 5,568 Interest expense(187)(199)Loss before benefit for income taxes(13,919)(14,733)Benefit for income taxes(9,497)(4,746)Net loss$(4,422)$(9,987)Net loss per share:Basic$(0.11)$(0.26)Diluted$(0.11)$(0.26)Weighted average common shares outstanding:Basic38,93038,447Diluted38,93038,447

See accompanying