Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 60

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 financing fees not directly associated with transactions. 

36

Comparison of Three Months Ended June 30, 2025 and 2024 

Below are key operating results for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 (dollars in thousands): 

Three Months Ended June 30, 2025PercentageofRevenue Three Months Ended June 30, 2024PercentageofRevenue Change Dollar Percentage Revenue:Real estate brokerage commissions$141,417 82.1 %$135,423 85.5 %$5,994 4.4 %Financing fees26,259 15.2 18,294 11.6 7,965 43.5 %Other revenue4,600 2.7 4,650 2.9 (50)(1.1)%Total revenue172,276 100 158,367 100 13,909 8.8 %Operating expenses:Cost of services106,618 61.9 98,081 61.9 8,537 8.7 %Selling, general and administrative71,550 41.5 65,003 41.1 6,547 10.1 %Depreciation and amortization3,153 1.8 3,329 2.1 (176)(5.3)%Total operating expenses181,321 105.2 166,413 105.1 14,908 9.0 %Operating loss(9,045)(5.2)(8,046)(5.1)(999)12.4 %Other income, net5,498 3.1 4,812 3.0 686 14.3 %Interest expense(200)(0.1)(204)(0.1)4 (2.0)%Loss before benefit for income taxes(3,747)(2.2)(3,438)(2.2)(309)9.0 %Provision for income taxes7,288 4.2 2,100 1.3 5,188 247.0 %Net loss$(11,035)(6.4)%$(5,538)(3.5)%$(5,497)99.3 %Adjusted EBITDA(1)$1,456 0.8 %$1,441 0.