FY2025 · ended Dec 31, 2025 · Revenue $755.16M, +8.5% YoY · Filed Feb 26, 2026
Marcus & Millichap, Inc. (MMI) files with the SEC under industry code 6531, Real Estate Agents & Managers (For Others). In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $755.2 million and a net loss of $1.9 million. Free cash flow was $58.8 million. As of Jun 30, 2026 it held $345.2 million in cash and investments and $74.2 million in total debt.
Revenue (TTM)
$812.22M
+11.9% vs year-ago TTM
Net income (TTM)
$14.36M
+216.8% vs year-ago TTM
Operating cash flow (TTM)
$93.08M
+132.3% vs year-ago TTM
Free cash flow (TTM)
$84.52M
+154.1% vs year-ago TTM
EPS (TTM)
$0.37
+217.7% vs year-ago TTM
Dividend per share
None
Shares outstanding
38.23M
-1.7% vs prior year
Net cash
$271.06M
as of Jun 30, 2026
Operating margin
1.2%
FY 2026
Company profile
- Industry
- Real Estate Agents & Managers (For Others) (SIC 6531)
- Listed as
- MMI (NYSE)
- Fiscal year ends
- December 31
- Headquarters
- Calabasas, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1578732
Other Real Estate Agents & Managers (For Others) companies
- KE Holdings Inc. BEKE
- Jones Lang Lasalle Inc JLL
- Compass, Inc. COMP
- MARRIOTT VACATIONS WORLDWIDE Corp VAC
- Newmark Group, Inc. NMRK
- Opendoor Technologies Inc. OPEN
- AGNT, Inc. AGNT
- Real REMAX Group Inc. REAX
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $755.2M | $696.1M | $645.9M | $1.3B | $1.3B |
| Operating income | -$13.7M | -$32.9M | -$59.4M | $137.4M | $189.4M |
| Net income | -$1.9M | -$12.4M | -$34.0M | $104.2M | $142.5M |
| Diluted EPS | -$0.05 | -$0.32 | -$0.88 | $2.59 | $3.55 |
| Operating cash flow | $66.7M | $21.7M | -$72.4M | $13.6M | $255.9M |
| Free cash flow | $58.8M | $13.8M | -$81.8M | $2.0M | $249.0M |
| Total assets | $827.2M | $869.8M | $878.4M | $1.0B | $1.0B |
| Total liabilities | $224.1M | $239.0M | $233.1M | $290.2M | $348.9M |
| Stockholders' equity | $603.1M | $630.8M | $645.3M | $713.5M | $696.3M |
| Cash and investments | $398.2M | $394.3M | $407.1M | $557.9M | $678.6M |
| Total debt | $78.3M | $84.2M | $87.7M | $82.1M | $77.3M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 6, 2026 | Aug 6, 2026 |
| 10-Q | Quarterly report | May 7, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
May 7, 2026 | May 7, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 1, 2026 | Apr 30, 2026 |
| ARS | Annual report to shareholders | Mar 18, 2026 | Dec 31, 2025 |
All 816 Marcus & Millichap, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.