Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 113

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 113
---
ANCIAL 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 of the date of grant or the next annual meeting of stockholders, subject to service requirements. See Note 9 – “Stock-Based Compensation Plans” for additional information. (3)Shares related to the Company's RSUs, RSAs, PSUs, Amended ESPP, and contingently issuable shares were excluded from the weighted average common shares outstanding for the nine months ended September 30, 2025 and the three and nine months ended September 30