Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 114

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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, 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 nine months ended September 30, 2025 and 2024, respectively (in thousands):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Revenue:Real estate brokerage commissions$162,166 $141,970 $427,205 $386,868 Financing fees26,292 20,582 70,681 53,303 Other revenue5,434 5,959 13,320 15,811 Total revenue193,892 168,511 511,206 455,982 Less:Cost of services120,996 104,754 315,962 279,703 Sales and production support46,486 48,239 142,739 136,656 Facility expenses8,659 9,346 25,785 27,641 Depreciation and amortization2,743 4,550 8,745 11,301 Other segment items(1)17,382 13,087 47,105 40,294 Interest expense197 208 584 611 Other income(4,041)(5,321)(13,518)(15,701)Income tax expense (benefit)1,230 (967)(979)(3,613)Total net expenses193,652 173,896 526,423 476,892 Segment net income (loss)240 (5,385)(15,217)(20,910)Adjustments and reconciling items— — — — Consolidated net income (loss)$240 $(5,385)$(15,217)$(20,910)Other specified segment disclosures:Interest income(2)$3