Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 11

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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,794 65,701 Other liabilities, non-current7,310 7,007 Total liabilities184,434 238,982 Commitments and contingencies— — Stockholders’ equity:Preferred stock, $0.0001 par value:Authorized shares – 25,000,000; issued and outstanding shares – none at June 30, 2025 and December 31, 2024, respectively— — Common stock, $0.0001 par value:Authorized shares – 150,000,000; issued and outstanding shares – 38,996,974 and 38,856,790 at June 30, 2025 and December 31, 2024, respectively4 4 Additional paid-in capital181,624 173,340 Retained earnings425,822 458,907 Accumulated other comprehensive income (loss)325 (1,433)Total stockholders’ equity607,775 630,818 Total liabilities and stockholders’ equity$792,209 $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 EndedJune 30,Six Months EndedJune 30,2025202420252024Revenue:Real estate brokerage commissions$141,417 $135,423 $265,039 $244,898 Financing fees26,259 18,294 44,389 32,721 Other revenue4,600 4,650 7,886 9,852 Total revenue172,276 158,367 317,314 287,471 Operating expenses:Cost of services106,618 98,081 194,966 174,949 Selling, general and administrative71,550 65,003 143,102 133,919 Depreciation and amortization3,153 3,329 6,002 6,751 Total operating expenses181,321 166,413 344,070 315,619 Operating loss(9,045)(8,046)(26,756)(28,148)Other income, net5,498 4,812 9,477 10,380 Interest expense(200)(204)(387)(403