Marcus Millichap Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
MMI$24.62-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(in thousands, except for shares and par value)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents, and restricted cash | $153,445 | $170,753 |
| Commissions receivable | 18,804 | 16,171 |
| Prepaid expenses | 9,311 | 8,813 |
| Income tax receivable | 6,030 | 9,299 |
| Marketable debt securities, available-for-sale (amortized cost of $189,667 and $169,018 at December 31, 2024 and December 31, 2023, respectively, and $0 allowance for credit losses) | 189,667 | 168,881 |
| Advances and loans, net | 17,519 | 3,574 |
| Other assets, current | 15,543 | 16,203 |
| Total current assets | 410,319 | 393,694 |
| Property and equipment, net | 26,139 | 27,450 |
| Operating lease right-of-use assets, net | 81,120 | 90,058 |
| Marketable debt securities, available-for-sale (amortized cost of $52,366 and $69,538 at December 31, 2024 and December 31, 2023 respectively, and $0 allowance for credit losses) | 51,147 | 67,459 |
| Assets held in rabbi trust | 12,191 | 10,838 |
| Deferred tax assets, net | 48,080 | 46,930 |
| Goodwill and other intangible assets, net | 43,521 | 51,183 |
| Advances and loans, net | 173,657 | 175,827 |
| Other assets, non-current | 23,626 | 14,972 |
| Total assets | $869,800 | $878,411 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $13,737 | $8,126 |
| Deferred compensation and commissions | 67,197 | 55,769 |
| Operating lease liabilities | 18,522 | 18,336 |
| Accrued bonuses and other employee related expenses | 25,485 | 19,119 |
| Other liabilities, current | 8,076 | 3,919 |
| Total current liabilities | 133,017 | 105,269 |
| Deferred compensation and commissions | 33,257 | 47,771 |
| Operating lease liabilities | 65,701 | 69,407 |
| Other liabilities, non-current | 7,007 | 10,690 |
| Total liabilities | 238,982 | 233,137 |
| Commitments and contingencies | — | — |
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value: | ||
| Authorized shares – 25,000,000; issued and outstanding shares – none at December 31, 2024 and December 31, 2023, respectively | — | — |
| Common stock, $0.0001 par value: | ||
| Authorized shares – 150,000,000; issued and outstanding shares – 38,856,790 and 38,412,484 at December 31, 2024 and December 31, 2023, respectively | 4 | 4 |
| Additional paid-in capital | 173,340 | 153,740 |
| Retained earnings | 458,907 | 492,298 |
| Accumulated other comprehensive loss | (1,433) | (768) |
| Total stockholders’ equity | 630,818 | 645,274 |
| Total liabilities and stockholders’ equity | $869,800 | $878,411 |
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