Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 99

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 treasuries$21,750 $21,750 $— $— $29,517 $29,517 $— $— U.S. government sponsored entities3,963 — 3,963 — — — — — Corporate debt107,233 — 107,233 — 160,150 — 160,150 — ABS and other3,515 — 3,515 — — — — — $136,461 $21,750 $114,711 $— $189,667 $29,517 $160,150 $— Long-term investments:        U.S. treasuries$21,052 $21,052 $— $— $773 $773 $— $— U.S. government sponsored entities915 — 915 — 929 — 929 — Corporate debt36,231 — 36,231 — 30,934 — 30,934 — ABS and other52,008 — 52,008 — 18,511 — 18,511 — $110,206 $21,052 $89,154 $— $51,147 $773 $50,374 $— Liabilities:        Contingent consideration$820 $— $— $820 $4,731 $— $— $4,731 Deferred consideration$— $— $— $— $411 $— $411 $— Deferred compensation liability$9,067 $9,067 $— $— $8,304 $8,304 $— $— (1)Included in cash, cash equivalents, and restricted cash on the accompanying condensed consolidated balance sheets. There were no transfers in or out of Level 3 during the six months ended June 30, 2025 and 2024.During the six months ended June 30, 2025, the Company considered current and future interest rates and the probability of achieving EBITDA and other performance targets in its determination of fair value for the contingent consideration. The Company is uncertain as to the extent of the volatility in the unobservable inputs in the foreseeable future. Deferred consideration in connection with