Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 47

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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% under the discrete method, compared with 14.7% for the same period in 2024 under the AETR method. For both the nine months ended September 30, 2025 and 2024, the effective tax rate differs from the 21% federal statutory tax rate primarily due to non-deductible items.

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

11.    Earnings (Loss) per Share 

Basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2025 and 2024, respectively, consisted of the following (in thousands, except per share data): Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Numerator (Basic and Diluted):Net income (loss)$240 $(5,385)$(15,217)$(20,910)Change in value for stock settled consideration(1)— 8 5 33 Adjusted net income (loss)$240 $(5,377)$(15,212)$(20,877)Denominator:BasicWeighted average common shares issued and outstanding39,03038,77838,99938,645Deduct: Unvested RSAs (2)(17)(16)(17)(16)Weighted average common shares outstanding39,01338,76238,98238,629Basic earnings (loss) per common share$0.01 $(0.14)$(0.39)$(0.54)DilutedWeighted average common shares outstanding from above39,01338,76238,98238,629Add: Dilutive effect of RSUs, RSAs, PSUs & ESPP(3)162———Add: Contingently issuable shares(1)(3)————Weighted average common shares outstanding39,17538,76238,98238,629Diluted earnings (loss) per common share$0.01 $(0.14)$(0.39)$(0.54)Antidilutive shares excluded from diluted earnings (loss) per common share(4)7551,0011,0961,116(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