Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 15

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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,277 65,701 Other liabilities, non-current7,997 7,007 Total liabilities210,253 238,982 Commitments and contingencies— — Stockholders’ equity:Preferred stock, $0.0001 par value:Authorized shares – 25,000,000; issued and outstanding shares – none at September 30, 2025 and December 31, 2024, respectively— — Common stock, $0.0001 par value:Authorized shares – 150,000,000; issued and outstanding shares – 39,061,075 and 38,856,790 at September 30, 2025 and December 31, 2024, respectively4 4 Additional paid-in capital186,778 173,340 Retained earnings415,288 458,907 Accumulated other comprehensive income (loss)171 (1,433)Total stockholders’ equity602,241 630,818 Total liabilities and stockholders’ equity$812,494 $869,800 

See accompanying notes to condensed consolidated financial statements. 

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Table of Contents

MARCUS & MILLICHAP, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 

(in thousands, except per share amounts) 

(Unaudited) 

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 Operating expenses:Cost of services120,996 104,754 315,962 279,703 Selling, general and administrative72,527 70,672 215,629 204,591 Depreciation and amortization2,743 4,550 8,745 11,301 Total operating expenses196,266 179,976 540,336 495,595 Operating loss(2,374)(11,465)(29,130)(39,613)Other income, net4,041 5,321 13,518 15,701 Interest expense(197)(208)(584)(611