Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 97

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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 and financing sales platforms. The Company expects all of the goodwill to be tax deductible, with the tax-deductible amount of goodwill related to the contingent and deferred consideration to be determined once the cash payments are made to settle any contingent and deferred consideration. The goodwill resulting from acquisitions is allocated to the Company’s one reporting unit. Goodwill and intangible assets, net consisted of the following (in thousands): September 30, 2025December 31, 2024GrossCarryingAmountAccumulatedAmortization Net BookValueGrossCarryingAmountAccumulatedAmortization Net BookValueGoodwill and intangible assets:      Goodwill$37,775 $— $37,775 $37,597 $— $37,597 Intangible assets (1)19,301 (15,050)4,251 19,123 (13,199)5,924 $57,076 $(15,050)$42,026 $56,720 $(13,199)$43,521 (1)Total weighted remaining average amortization period was 3.1 years and 3.5 years as of September 30, 2025 and December 31, 2024, respectively. Intangible assets principally include non-compete agreements and customer relationships.The Company recorded amortization expense for intangible assets of $0.6 million and $1.7 million for the three and nine months ended September 30, 2025, respectively. The Company recorded amortization expense for intangible assets of $2.2 million and $4.2 million for the three and nine months ended September 30, 2024, respectively, including accelerated amortization of certain intangible assets resulting from changes in estimates.

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

The changes in the carrying amount of goodwill consisted of the following (in thousands): Nine Months Ended September 30, 2025Beginning balance$37,597 Additions from acquisitions — Impact of foreign currency translation178 Ending balance$37,775 Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands): September 30, 2025Remainder of 2025$440 20261,387 20271,214 20281,210