Company: MMI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001578732-25-000031
Chunk: 27

Company: Marcus & Millichap, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 fixtures and equipment25,007 24,938 Less: accumulated depreciation and amortization(53,287)(51,007)$24,864 $26,139 Depreciation expense for property and equipment was $2.3 million and $2.4 million for the three months ended March 31, 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):March 31, 2025AmortizedCostAllowancefor CreditLossesGrossUnrealizedGainsGrossUnrealizedLosses FairValueShort-term investments:U.S. treasuries$26,298 $— $3 $— $26,301 Corporate debt93,134 — 16 (70)93,080 $119,432 $— $19 $(70)$119,381 Long-term investments:U.S. treasuries$825 $— $— $(32)$793 U.S. government sponsored entities979 — 11 (58)932 Corporate debt27,685 — 198 (738)27,145 Asset-backed securities (“ABS”) and other32,338 — 187 (282)32,243 $61,827 $— $396 $(1,110)$61,113 December 31, 2024AmortizedCostAllowancefor CreditLossesGrossUnrealizedGainsGrossUnrealizedLossesFairValueShort-term investments:U.S. treasuries$29,515 $— $20 $(18)$29,517 Corporate debt160,152 — 55 (57)160,150 $189,667 $— $75 $(75)$189,667 Long-term investments:    U.S. treasuries$819 $— $— $(46)$773 U.S. government sponsored entities996 — 3 (70)929