secwatch.observer — SEC 8-K summary
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Issuer:     Marcus & Millichap, Inc. (MMI)
CIK:        0001578732
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001193125-21-320951
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marcus & Millichap posts record Q3: revenue $332.4M, EPS $0.84, both up >100% YoY
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- Total revenues $332.4M (+109.6% YoY); net income $33.9M ($0.84 diluted EPS) vs $6.0M ($0.15) in Q3 2020.
- Adjusted EBITDA rose more than fourfold to $51.0M; brokerage commissions doubled to $299.8M.
- Private Client brokerage revenue $183.0M (+87% YoY); Middle Market & Larger Transaction revenue $109.3M (+~200%).
- Financing fees nearly doubled to $29.4M; investment sales professionals count at 1,982, down 17 YoY.
- Nine-month revenue $801.3M (+71.7%); net income $80.5M ($2.00 diluted EPS) vs $19.2M ($0.48) in prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578732/000119312521320951/0001193125-21-320951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578732/000119312521320951/d140324d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-320951

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer