For the year ending 2025-12-31, MMI had $8,476K increase in cash & cash equivalents over the period. $58,785K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -1,909 |
| Depreciation and amortization | 12,098 |
| Non-cash lease expense | 21,328 |
| Credit loss expense (recovery) | -31 |
| Stock-based compensation | 24,226 |
| Deferred taxes, net | 3,139 |
| Unrealized foreign exchange (gains) losses | 108 |
| Net realized (gains) losses on marketable debt securities, available-for-sale | 8 |
| Other non-cash items | -2,355 |
| Commissions receivable | -4,437 |
| Prepaid expenses | 1,113 |
| Advances and loans | -29,068 |
| Other assets | 2,397 |
| Accounts payable and accrued expenses | -3,587 |
| Income tax receivable and payable | -4,068 |
| Accrued bonuses and other employee related expenses | -1,561 |
| Deferred compensation and commissions | -7,008 |
| Operating lease liabilities | -19,793 |
| Other liabilities | 3,453 |
| Net cash provided by (used in) operating activities | 66,657 |
| Purchases of marketable debt securities, available-for-sale | 326,983 |
| Proceeds from sales and maturities of marketable debt securities, available-for-sale | 331,136 |
| Purchases of convertible notes | 0 |
| Issuances of employee notes receivable | 105 |
| Payments received on employee notes receivable | 0 |
| Purchase of property and equipment | 7,872 |
| Net cash (used in) provided by investing activities | -3,824 |
| Taxes paid related to net share settlement of stock-based awards | 5,859 |
| Proceeds from issuance of shares pursuant to employee stock purchase plan | 821 |
| Dividends paid | 20,550 |
| Principal payments on stock appreciation rights liability | 2,230 |
| Principal payments on deferred and contingent consideration | 1,392 |
| Cash paid for stock repurchases | 25,366 |
| Net cash used in financing activities | -54,576 |
| Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | 219 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 8,476 |
| Cash, cash equivalents, and restricted cash at beginning of period | 153,445 |
| Cash, cash equivalents, and restricted cash at end of period | 161,921 |
Marcus & Millichap, Inc. (MMI)
Marcus & Millichap, Inc. (MMI)