Company: MMI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001578732-25-000031
Chunk: 19

Company: Marcus & Millichap, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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,538)— — (425)— (425)Balance as of March 31, 2025— $— 39,138,040 $4 $174,799 $443,830 $(1,080)$617,553 

Three Months Ended March 31, 2024Preferred StockCommon StockAdditionalPaid-InCapitalRetainedEarningsAccumulatedOtherComprehensiveLossTotalSharesAmountSharesAmountBalance at December 31, 2023— $— 38,412,484$4 $153,740 $492,298 $(768)$645,274 Net and comprehensive loss— — — — — (9,987)(508)(10,495)Dividends— — — — — (10,087)— (10,087)Stock-based award activityStock-based compensation— — — — 5,795 — — 5,795 Issuance of common stock for vesting of restricted stock units— — 366,559 — — — — — Shares withheld related to net share settlement of stock-based awards— — (128,540)— (4,378)— — (4,378)Repurchases of common stock— — (16,900)— — (554)— (554)Balance as of March 31, 2024— $— 38,633,603$4 $155,157 $471,670 $(1,276)$625,555 

See accompanying notes to condensed consolidated financial statements.

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Table of ContentsMARCUS & MILLICHAP, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(Unaudited)

Three Months Ended March 31,20252024Cash flows from operating activitiesNet loss$(4,422)$(9,987)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization2,849 3,422 Non-cash lease expense5,416 5,649 Credit loss expense44 134 Stock-based compensation6,179 5,795 Deferred taxes, net(9,498)(4,746)Unrealized foreign exchange losses1 18 Net realized losses on marketable debt securities, available-for-sale(8)— Other non-cash