Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 44

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 three and six months ended June 30, 2025 and 2024, respectively (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Revenue:Real estate brokerage commissions$141,417 $135,423 $265,039 $244,898 Financing fees26,259 18,294 44,389 32,721 Other revenue4,600 4,650 7,886 9,852 Total revenue172,276 158,367 317,314 287,471 Less:Cost of services106,618 98,081 194,966 174,949 Sales and production support47,560 42,818 96,253 88,417 Facility expenses8,367 9,006 17,126 18,295 Depreciation and amortization3,153 3,329 6,002 6,751 Other segment items(1)15,623 13,179 29,723 27,207 Interest expense200 204 387 403 Other income(5,498)(4,812)(9,477)(10,380)Income tax expense (benefit)7,288 2,100 (2,209)(2,646)Total net expenses183,311 163,905 332,771 302,996 Segment net loss(11,035)(5,538)(15,457)(15,525)Adjustments and reconciling items— — — — Consolidated net loss$(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.

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