Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 29

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 which an allowance for credit losses has not been recorded, by type of security consisted of the following (in thousands):September 30, 2025Less than 12 months 12 months or greater Total FairValueGrossUnrealizedLosses FairValueGrossUnrealizedLosses FairValue(1)GrossUnrealizedLosses U.S. treasuries$— $— $780 $(21)$780 $(21)U.S. government sponsored entities1,899 (1)421 (49)2,320 (50)Corporate debt37,432 (8)13,498 (502)50,930 (510)ABS and other10,136 (320)3,261 (239)13,397 (559)$49,467 $(329)$17,960 $(811)$67,427 $(1,140)December 31, 2024Less than 12 months 12 months or greater Total FairValueGrossUnrealizedLosses FairValueGrossUnrealizedLosses FairValue(1)GrossUnrealizedLosses U.S. treasuries$— $— $10,050 $(64)$10,050 $(64)U.S. government sponsored entities— — 432 (70)432 (70)Corporate debt15,654 (46)25,520 (1,036)41,174 (1,082)ABS and other6,393 (70)4,333 (264)10,726 (334)$22,047 $(116)$40,335 $(1,434)$62,382 $(1,550)(1)The fair value excludes accrued interest receivable.Gross realized gains and losses from the sales of the Company’s marketable debt securities, available-for-sale, consisted of the following (in thousands): Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Gross realized gains (1)$— $— $8 $— Gross realized losses (1)$— $— $— $— (1)Recorded in other income, net in the condensed consolidated statements of operations. The cost basis of securities sold were determined based on the specific identification method. The Company invests its excess cash in a diversified portfolio of fixed and variable rate debt securities to meet current and future