The impairment is immaterial relative to market cap and will be reflected in Q1 2026 earnings. The sublease slightly reduces cash outflow for office space. No material impact on operations or guidance expected.
Price Chart
Executive Summary
Marchex entered into a sublease agreement with RentSpree for its Seattle office space, generating approximately $337,000 in total rent over the term (May 2026–Sep 2027). Concurrently, the company will record a non-cash impairment charge of about $203,000 on the related right-of-use asset in Q1 2026. The amounts are small relative to Marchex's $76 million market cap and represent routine real estate optimization.
Key Facts
- Sublease with RentSpree for all 12,300 sq ft at 1200 5th Ave, Seattle, from May 1, 2026 to Sep 28, 2027.
- Total fixed rent under sublease approximately $337,000; initial rate $19.25/sq ft escalating to $19.50/sq ft after 12 months.
- Non-cash impairment charge of approximately $203,000 on right-of-use asset to be recorded in Q1 2026.
Financial Impact
Non-cash impairment of $203,000; sublease rent inflow of ~$337,000 over 17 months.
Risk Factors
- Final impairment amount may differ from estimate
- Sublease counterparty risk if RentSpree defaults
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-201467 |
| Document: 0001193125-26-201467-index-headers.html | 0001193125-26-201467 |
| Document: 0001193125-26-201467-index.html | 0001193125-26-201467 |
| Document: 0001193125-26-201467.txt | 0001193125-26-201467 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Press Release | $1.29 | awaiting T+20 | — | $1.36 (+5.43%) |
Sep 22, 2026 5w ago | Press Release | $1.42 $1.28 | ▼ −9.86% | ▼ −9.30% | $1.36 (−4.23%) |
Aug 12, 2026 10w ago | 8-K | $1.82 $1.37 | ▼ −25.00% | ▼ −23.25% | $1.36 (−25.27%) |
Jun 5, 2026 20w ago | DEFM14A | $1.53 $1.76 | ▲ +15.03% | ▲ +13.40% | $1.36 (−11.11%) |
May 26, 2026 21w ago | PREM14A | $1.63 $1.50 | ▼ −7.98% | ▼ −6.07% | $1.36 (−16.56%) |
May 13, 2026 23w ago | 8-K | $1.62 $1.55 | ▼ −4.32% | ▼ −3.46% | $1.36 (−16.05%) |
May 13, 2026 23w ago | DEFA14A | $1.62 $1.55 | ▼ −4.32% | ▼ −3.46% | $1.36 (−16.05%) |
May 1, 2026 25w ago | 8-K | $1.73 $1.67 | ▼ −3.47% | ▼ −9.11% | $1.36 (−21.39%) |
Apr 17, 2026 27w ago | 10-K/A | $1.72 $1.66 | ▼ −3.49% | ▼ −7.69% | $1.36 (−20.93%) |
US Market Status
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