马库斯米利查普 2026年季度报告

FORM 10-Q__________________________ (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from___________to___________ Commission File Number 001-36155__________________________ MARCUS & MILLICHAP, INC. (Exact name of registrant as specified in its charter)__________________________ 35-2478370 Delaware (State or other jurisdiction ofincorporation or organization) (I.R.S. EmployerIdentification No.) 23975 Park Sorrento, Suite 400Calabasas, California (Address of principal executive offices) (818) 212-2250(Registrant’s telephone number, including area code)__________________________ Securities registered pursuant to Section 12(b) of the Act: New York Stock Exchange Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐Emerging growth company☐ Smaller reporting company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒Number of shares of common stock, par value $0.0001 per share, of the registrant issued and outstanding as of May4, 2026, was37,821,808 shares. MARCUS & MILLICHAP, INC.TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1. Financial Statements 3Condensed Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 20253Condensed Consolidated Statements of Operations for the Three MonthsEnded March 31, 2026 and 2025(Unaudited)4Condensed Consolidated Statements of Comprehensive Loss for the Three Months Ended March 31, 2026 and 2025(Unaudited)5Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2026 and 2025(Unaudited)6Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025(Unaudited)7Notes to Condensed Consolidated Financial Statements (Unaudited)8 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3. Quantitative and Qualitative Disclosures About Market Risk41Item 4. Controls and Procedures41 PART II. OTHER INFORMATION Item 1. Legal Proceedings42Item 1A. Risk Factors42Item 2. Unregistered Sales of Equity Securities and Use of Proceeds43Item 3. Defaults Upon Senior Securities43Item 4. Mine Safety Disclosures43Item 5. Other Information44Item 6. Exhibits44 SIGNATURES PART I. FINANCIAL INFORMATION MARCUS & MILLICHAP, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands, except for shares and par value) MARCUS & MILLICHAP, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share amounts)(Unaudited) MARCUS & MILLICHAP, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(in thousands)(Unaudited) Three Months EndedMarch 31,20262025Net loss$(3,100)$(4,422)Other comprehensive loss:Marketable debt securities, available-for-sale:Change in net unrealized gains and losses(719)349Reclassification adjustment for net gains and losses included in other income, net—(6)Net change, net of tax of $(265) and $110 for the three months ended March31, 2026 and 2025,respectively(719)343Foreign currency translation (loss) gain, net of tax of $0 for each of the three months endedMarch31, 2026 and 2025, respectively(199)10Total other comprehensive (loss) income(918)353Comprehensive loss$(4,018)$(4,069) MARCUS & MILLICHAP, INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(in thousands, except for shares)(Unaudited) MARCUS & MILLICHAP, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(Unaudited) MARCUS & MILLICHAP, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(U