For the quarter ending 2025-09-30, MMI had $31,406K increase in cash & cash equivalents over the period. $49,958K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | 240 | -15,457 |
| Depreciation and amortization | 2,743 | 6,002 |
| Non-cash lease expense | 5,310 | 10,687 |
| Credit loss expense | -603 | 504 |
| Stock-based compensation | 5,966 | 12,402 |
| Deferred taxes, net | 1,231 | -2,209 |
| Unrealized foreign exchange (gains) losses | -81 | 176 |
| Net realized gains on marketable debt securities, available-for-sale | 0 | 8 |
| Other non-cash items | 343 | -2,099 |
| Commissions receivable | 1,237 | -2,440 |
| Prepaid expenses | 1,134 | -1,574 |
| Advances and loans | -28,736 | -11,344 |
| Other assets | 2,962 | 889 |
| Accounts payable and accrued expenses | 3,596 | -2,933 |
| Income tax receivable | 8 | 333 |
| Accrued bonuses and other employee related expenses | 2,832 | -9,507 |
| Deferred compensation and commissions | 7,851 | -35,418 |
| Operating lease liabilities | -4,912 | -10,133 |
| Other liabilities | 4,823 | -1,810 |
| Net cash provided by (used in) operating activities | 52,210 | -31,821 |
| Purchases of marketable debt securities, available-for-sale | 87,120 | 197,928 |
| Proceeds from sales and maturities of marketable debt securities, available-for-sale | 70,241 | 191,176 |
| Issuances of employee notes receivable | 4 | 100 |
| Payments received on employee notes receivable | 0 | 0 |
| Purchase of property and equipment | 2,252 | 3,224 |
| Net cash (used in) provided by investing activities | -19,135 | -10,076 |
| Taxes paid related to net share settlement of stock-based awards | 812 | 4,976 |
| Proceeds from issuance of shares pursuant to employee stock purchase plan | 0 | 441 |
| Dividends paid | 178 | 10,577 |
| Principal payments on stock appreciation rights liability | 0 | 2,230 |
| Principal payments on deferred and contingent consideration | 0 | 1,118 |
| Cash paid for stock repurchases | 577 | 7,398 |
| Net cash used in financing activities | -1,567 | -25,858 |
| Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | -102 | 264 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | 31,406 | -67,491 |
| Cash and cash equivalents at beginning of period | 153,445 | - |
| Cash and cash equivalents at end of period | 117,360 | - |
Marcus & Millichap, Inc. (MMI)
Marcus & Millichap, Inc. (MMI)