Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 108

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 and amortization3,153 3,329 6,002 6,751 Other segment items(1)15,623 13,179 29,723 27,207 Interest expense200 204 387 403 Other income(5,498)(4,812)(9,477)(10,380)Income tax expense (benefit)7,288 2,100 (2,209)(2,646)Total net expenses183,311 163,905 332,771 302,996 Segment net loss(11,035)(5,538)(15,457)(15,525)Adjustments and reconciling items— — — — Consolidated net loss$(11,035)$(5,538)$(15,457)$(15,525)Other specified segment disclosures:Interest income(2)$4,387 $4,556 $8,406 $9,499 Interest expense$200 $204 $387 $403 Other significant noncash items:Stock-based compensation(3)$6,223 $5,889 $12,402 $11,684 (1)Other segment items includes: costs related to sales events, licenses and subscriptions, promotion and marketing, recruitment and training, information technology, telecommunications, consulting and professional fees, legal expenses, insurance costs, and other general and administrative expenses.(2)Interest income is included within the other income caption.(3)Stock-based compensation is included within the sales & production support caption.

13.    Commitments and Contingencies

Credit Agreement On September 25, 2023, the Company executed the First Amendment to the Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association (the “Bank”), which provided for a $10 million line of credit and a maturity date of June 1, 2024. On May 30, 2024, the Company executed the Second Amendment to the Second Amended Restated Credit Agreement which extended the maturity date to June 1, 2025. On May 9, 2025, the Company executed the 

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

Third Amendment to the Second Amended Restated Credit Agreement, which further extended the maturity date to June 1, 2026 (the “Credit Facility