Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 28

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing, which indicate that it is more likely than not an impairment loss has occurred. The Company evaluates its intangible assets that have finite useful lives whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable. 

As of June 30, 2025, the Company considered the impact of economic conditions and evaluated its goodwill and intangible assets for impairment testing. The Company estimated the recoverability of the intangible assets by comparing the carrying amount of each asset to the future undiscounted cash flows that the Company expects the asset to generate. The sum of the undiscounted expected future cash flows was greater than the carrying amount of the intangible assets. The Company concluded that as of June 30, 2025, there was no impairment of its intangible assets or goodwill. 

5.    Selected Balance Sheet Data 

Allowances on Advances and LoansAllowance for credit losses for advances and loans as of June 30, 2025 and December 31, 2024 was $1.6 million and $1.2 million, respectively. 

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

Other Assets Other assets consisted of the following (in thousands): CurrentNon-CurrentJune 30,2025December 31,2024June 30,2025December 31,2024Security deposits$— $— $1,289 $1,300 Employee notes receivable146 28 30 88 Securities, held-to-maturity(1)— — 9,500 9,500 Loan performance fee receivable4,047 3,310 13,886 12,529 Investments in convertible notes(2)6,614 6,347 — — Other(3)4,095 5,858 221 209 $14,902 $15,543 $24,926 $23,626 (1)In connection with the Strategic Alliance with MTRCC, the Company holds a $9.5 million Mandatorily Redeemable Fixed-Rate Cumulative Preferred Stock investment in MTRCC, classified as held-to-maturity, which is