Marcus & Millichap, Inc. (MMI) Financial Statements
Industry: Real Estate Agents & Managers (For Others)
In fiscal 2025, Marcus & Millichap reported revenue of $755.2M, up 8.5% from $696.1M the year before. Net income was -$1.9M (a -0.3% net margin), or -$0.05 per diluted share. Operating margin was -1.8%. Operating activities generated $66.7M of cash, leaving $58.8M of free cash flow. At fiscal year end, Marcus & Millichap held $827.2M in total assets against $224.1M in total liabilities.
Open the full interactive Marcus & Millichap financials → Quarterly statements, key ratios, valuation history and price charts.
Marcus & Millichap Key Stats
| Share Price | $27.72 |
|---|---|
| Market Cap | $1.05B |
| Dividend Yield | 1.93% |
| Revenue YoY Growth | +8.5% |
| 52-Week Range | $24.57 – $32.49 |
| Shares Outstanding | 37.8 million (basic, 2026 Q2) |
Marcus & Millichap Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $716.9M | $1.30B | $1.30B | $645.9M | $696.1M | $755.2M |
| Operating Income | $53.6M | $189.4M | $137.4M | -$59.4M | -$32.9M | -$13.7M |
| Pre-Tax Income | $59.4M | $193.3M | $142.0M | -$40.4M | -$13.0M | $3.0M |
| Income Tax | $16.5M | $50.8M | $37.8M | -$6.4M | -$666,000 | $4.9M |
| Net Income | $42.8M | $142.5M | $104.2M | -$34.0M | -$12.4M | -$1.9M |
| Diluted EPS | $1.08 | $3.55 | $2.59 | -$0.88 | -$0.32 | -$0.05 |
Marcus & Millichap Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $193.9M | $243.9M | $171.5M | $202.9M |
| Net Income | $240,000 | $13.3M | -$3.1M | $3.9M |
| Diluted EPS | $0.01 | $0.34 | -$0.08 | $0.10 |
Marcus & Millichap Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $243.2M | $382.1M | $235.9M | — | — | — |
| Current Assets | $429.1M | $608.1M | $527.1M | $393.7M | $410.3M | $309.2M |
| Total Assets | $779.1M | $1.05B | $1.00B | $878.4M | $869.8M | $827.2M |
| Current Liabilities | $120.3M | $225.6M | $152.0M | $105.3M | $133.0M | $121.4M |
| Total Liabilities | $232.3M | $348.9M | $290.2M | $233.1M | $239.0M | $224.1M |
| Shareholders' Equity | $546.8M | $696.3M | $713.5M | $645.3M | $630.8M | $603.1M |
Marcus & Millichap Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $38.1M | $255.9M | $13.6M | -$72.4M | $21.7M | $66.7M |
| Cash From Investing | -$17.2M | -$108.4M | -$54.0M | $74.9M | -$9.9M | -$3.8M |
| Cash From Financing | -$10.3M | -$5.9M | -$105.6M | -$67.7M | -$28.8M | -$54.6M |
| Free Cash Flow | $31.1M | $249.0M | $2.0M | -$81.8M | $13.8M | $58.8M |
| Dividends Paid | — | — | $60.4M | $20.1M | $20.2M | $20.6M |
Figures from Marcus & Millichap's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Marcus & Millichap financials page for every line item.
Marcus & Millichap Company Profile
| Ticker | MMI |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Agents & Managers (For Others) |
| Headquarters | Calabasas, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001578732 |
Frequently Asked Questions
What was Marcus & Millichap's revenue in fiscal 2025?
Marcus & Millichap (MMI) reported revenue of $755.2M for fiscal 2025.
What is Marcus & Millichap's annual revenue history?
Marcus & Millichap's annual revenue by fiscal year: 2020: $716.9M; 2021: $1.30B; 2022: $1.30B; 2023: $645.9M; 2024: $696.1M; 2025: $755.2M.
What was Marcus & Millichap's net income in fiscal 2025?
Marcus & Millichap reported net income of -$1.9M for fiscal 2025.
What was Marcus & Millichap's earnings per share (EPS) in fiscal 2025?
Marcus & Millichap's diluted EPS was -$0.05 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Marcus & Millichap generate in fiscal 2025?
Marcus & Millichap generated $58.8M of free cash flow in fiscal 2025.
What was Marcus & Millichap's revenue last quarter?
In its most recent reported quarter (2026 Q2), Marcus & Millichap reported revenue of $202.9M.
How many shares of Marcus & Millichap are outstanding?
Marcus & Millichap reported a weighted average of 37.8 million basic shares outstanding in 2026 Q2.
What is Marcus & Millichap's market cap?
Based on its latest closing price, Marcus & Millichap (MMI) has a market capitalization of about $1.05B.
When does Marcus & Millichap's fiscal year end?
Marcus & Millichap's fiscal year end, as registered with the SEC, is December 31.
Where is Marcus & Millichap headquartered?
Marcus & Millichap lists its business address in Calabasas, California in its SEC filings.
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