Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 107

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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iluted loss per common share$(0.28)$(0.14)$(0.40)$(0.40)Antidilutive shares excluded from diluted loss per common share(4)1,2971,2961,1841,220(1)Relates to contingently issuable stock settled consideration. (2)RSAs were issued to the non-employee directors and will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of stockholders, subject to service requirements. See Note 9 – “Stock-Based Compensation Plans” for additional information. (3)Shares related to the Company's RSUs, RSAs, PSUs, Amended ESPP, and contingently issuable shares were excluded from the weighted average common shares outstanding for each of the three and six months ended June 30, 2025 and 2024 because inclusion of such shares would be antidilutive in a period of loss.

(4)Primarily pertaining to RSU grants to the Company’s employees and independent contractors. 

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

12. Segment Information

The Company's single reportable segment, the commercial real estate services segment, derives revenues from customers by providing investment sales and financing services to investors in commercial real estate. The measure of segment assets is reported on the consolidated balance sheets as total assets.The following table presents selected financial information with respect to the Company's single reportable segment for the three and six months ended June 30, 2025 and 2024, respectively (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Revenue:Real estate brokerage commissions$141,417 $135,423 $265,039 $244,898 Financing fees26,259 18,294 44,389 32,721 Other revenue4,600 4,650 7,886 9,852 Total revenue172,276 158,367 317,314 287,471 Less:Cost of services106,618 98,081 194,966 174,949 Sales and production support47,560 42,818 96,253 88,417 Facility expenses8,367 9,006 17,126 18,295 Depreciation