What does payments to acquire convertible notes mean?

This represents cash outflows used to purchase convertible debt instruments issued by other entities. It reflects the company's strategy of investing excess capital into financial instruments that offer both interest income and potential equity upside. This metric is a key indicator of the firm's broader capital allocation and investment strategy.

Marcus & Millichap MMI Payments To Acquire Convertible Notes

Payments To Acquire Convertible Notes at other companies

Karman Holdings Inc.KRMN

$6M—

CBIZCBZ

$4.1M-50.6%

Kosmos EnergyKOS

$11.6M-73.7%

WingstopWING

$0-100%

DJT

Trump Media & Technology GroupDJT

$50M—

NovaGold ResourcesNG

$17M+1,260%

Other financials

Income statement

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Revenue$171.5M+18.2%

Operating income-$5.8M+67.4%

Net income-$3.1M+29.9%

EPS (diluted)-$0.08+27.3%

Balance sheet

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Cash & equivalents$136.5M-8.8%

Total debt$75.0M-10.6%

Total equity$569.1M-7.9%

Total assets$755.0M-5.9%

Cash flow

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Operating cash flow-$27.6M+47.8%

CapEx$3.0M+99.5%

Free cash flow-$30.5M+43.8%

Valuation

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Market cap$1.12B-5.0%

Enterprise value$1.06B-4.9%

P/S1.4×-0.2×

Profitability

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Gross margin38.1%—

Operating margin-9.1%+59.1pp

Net margin-5%-19.8pp

FCF margin10.6%+8.7pp

Returns & leverage

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Return on equity-4.9%-44.5pp

Debt / equity0.1×0.0×

Current ratio2.6×-1.1×

Where this comes from

Reported directly by Marcus & Millichap in its filing.

Tagged under the XBRL concept mmi:PaymentsToAcquireConvertibleNotes.

The official record: Marcus & Millichap’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marcus & Millichap's payments to acquire convertible notes?: Marcus & Millichap (MMI) reported payments to acquire convertible notes of $0 in Q4 2025.
What does payments to acquire convertible notes mean?: This represents cash outflows used to purchase convertible debt instruments issued by other entities. It reflects the company's strategy of investing excess capital into financial instruments that offer both interest income and potential equity upside. This metric is a key indicator of the firm's broader capital allocation and investment strategy.