secwatch.observer — SEC 8-K summary
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Issuer:     Marcus & Millichap, Inc. (MMI)
CIK:        0001578732
Form:       8-K
Filed at:   2022-02-18T23:59:59+00:00
Accession:  0001193125-22-046001
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marcus & Millichap reports record Q4 revenue $495M, EPS $1.53; initiates dividend
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- Q4 revenue $495.1M (+97.9% YoY), net income $62.0M ($1.53 diluted) vs $23.6M ($0.59).
- Full year revenue $1.3B (+80.8%), net income $142.5M ($3.55 diluted) vs $42.8M ($1.08).
- Q4 adjusted EBITDA $88.2M (vs $36.9M), full year $213.0M (vs $75.7M).
- Board declares initial semi-annual regular $0.25/sh and special $1.00/sh dividend, payable Apr 4 to record Mar 8.
- Brokerage commissions doubled to $455.5M in Q4; financing fees +27.5% to $34.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578732/000119312522046001/0001193125-22-046001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578732/000119312522046001/d638559d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-046001

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