Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 87

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 Equipment, Net 

Property and equipment, net consisted of the following (in thousands): June 30,2025December 31,2024Computer software and hardware equipment$54,362 $52,208 Furniture, fixtures and equipment25,138 24,938 Less: accumulated depreciation and amortization(55,324)(51,007)$24,176 $26,139 Depreciation expense for property and equipment was $2.6 million and $2.3 million for the three months ended June 30, 2025 and 2024, respectively, and $4.9 million and $4.7 million for the six months ended June 30, 2025 and 2024, respectively.

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

3.    Investments in Marketable Debt Securities, Available-for-Sale

Amortized cost, allowance for credit losses, gross unrealized gains (losses) in accumulated other comprehensive income (loss) and fair value of marketable debt securities, available-for-sale, by type of security consisted of the following (in thousands):June 30, 2025AmortizedCostAllowancefor CreditLossesGrossUnrealizedGainsGrossUnrealizedLosses FairValueShort-term investments:U.S. treasuries$21,751 $— $1 $(2)$21,750 U.S. government sponsored entities3,964 — — (1)3,963 Corporate debt107,290 — 15 (72)107,233 Asset-backed securities (“ABS”) and other3,513 — 2 — $3,515 $136,518 $— $18 $(75)$136,461 Long-term investments:U.S. treasuries$21,006 $— $72 $(26)$21,052 U.S. government sponsored entities962 — 8 (55)915 Corporate debt36,421 — 404 (594)36,231 Asset-backed securities (“ABS”) and other51,886 — 379 (257)52,008 $110,275 $— $863 $(932)$110,206 December 31, 2024AmortizedCostAllowancefor Credit