Company: MMI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001578732-25-000031
Chunk: 38

Company: Marcus & Millichap, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 valuation is classified as a Level 3 measurement.

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

Assets and liabilities carried at fair value on a recurring basis consisted of the following (in thousands): March 31, 2025December 31, 2024Fair ValueLevel 1Level 2Level 3Fair ValueLevel 1Level 2Level 3Assets:Assets held in rabbi trust$11,995 $— $11,995 $— $12,191 $— $12,191 $— Convertible notes$6,401 $— $— $6,401 $6,347 $— $— $6,347 Cash equivalents (1):       Commercial paper$7,070 $— $7,070 $— $— $— $— $— Money market funds79,483 79,483 — — 90,737 90,737 — — $86,553 $79,483 $7,070 $— $90,737 $90,737 $— $— Marketable debt securities, available-for-sale:        Short-term investments:        U.S. treasuries$26,301 $26,301 $— $— $29,517 $29,517 $— $— Corporate debt93,080 — 93,080 — 160,150 — 160,150 — $119,381 $26,301 $93,080 $— $189,667 $29,517 $160,150 $— Long-term investments:        U.S. treasuries$793 $793 $— $— $773 $773 $— $— U.S. government sponsored entities932 — 932 — 929 — 929 — Corporate debt27,145 — 27,145 — 30,934 — 30,934 — ABS and other32,243 — 32,243 — 18,511 — 18,511 — $61,113 $793 $60,320