Company: MMI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001578732-25-000031
Chunk: 46

Company: Marcus & Millichap, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 46
---
 to service requirements. See Note 9 – “Stock-Based Compensation Plans” for additional information. (3)Shares related to the Company's RSUs, RSAs, ESPP, and contingently issuable shares were excluded from the weighted average common shares outstanding for the three months ended March 31, 2025 and 2024 because inclusion of such shares would be antidilutive in a period of loss.

(4)Primarily pertaining to RSU grants to the Company’s employees and independent contractors. 

25

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

12. Segment Information

The Company's single reportable segment, the commercial real estate services segment, derives revenues from customers by providing investment sales and financing services to investors in commercial real estate. The measure of segment assets is reported on the consolidated balance sheets as total assets.The following table presents selected financial information with respect to the Company's single reportable segment for the three months ended March 31, 2025 and 2024, respectively (in thousands):Three Months EndedMarch 31,20252024Revenue:Real estate brokerage commissions$123,622 $109,475 Financing fees18,130 14,427 Other revenue3,286 5,202 Total revenue145,038 129,104 Less:Cost of services88,348 76,868 Sales and production support48,693 45,599 Facility expenses8,759 9,289 Depreciation and amortization2,849 3,422 Other segment items(1)14,100 14,028 Interest expense187 199 Other income(3,979)(5,568)Income tax benefit(9,497)(4,746)Total net expenses149,460 139,091 Segment net loss(4,422)(9,987)Adjustments and reconciling items— — Consolidated net loss$(4,422)$(9,987)Other specified segment disclosures:Interest income(2)$4,019 $4,943 Interest expense$187 $199 Other significant noncash items:Stock-based compensation(3)$6,179 $5,795 (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,