Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 106

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 106
---
 months ended June 30, 2025 was (194.5)% under the discrete method, compared with (61.1)% for the same period in 2024 under the AETR method. The benefit for income taxes was $2.2 million for the six months ended June 30, 2025, compared to $2.6 million in the same period in 2024. The effective income tax rate for the six months ended June 30, 2025 was 12.5% under the discrete method, compared with 14.6% for the same period in 2024 under the AETR method. For both the six months ended June 30, 2025 and 2024, the effective tax rate differs from the 21% federal statutory tax rate primarily due to non-deductible items and state income taxes.

25

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

11.    Loss per Share 

Basic and diluted loss per share for the three and six months ended June 30, 2025 and 2024, respectively, consisted of the following (in thousands, except per share data): Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Numerator (Basic and Diluted):Net loss$(11,035)$(5,538)$(15,457)$(15,525)Change in value for stock settled consideration(1)— 3 5 24 Adjusted net loss$(11,035)$(5,535)$(15,452)$(15,501)Denominator:BasicWeighted average common shares issued and outstanding39,02138,69238,98438,578Deduct: Unvested RSAs (2)(17)(17)(17)(17)Weighted average common shares outstanding39,00438,67538,96738,561Basic loss per common share$(0.28)$(0.14)$(0.40)$(0.40)DilutedWeighted average common shares outstanding from above39,00438,67538,96738,561Add: Dilutive effect of RSUs, RSAs, PSUs & ESPP(3)————Add: Contingently issuable shares(1)(3)————Weighted average common shares outstanding39,00438,67538,96738,561D