{"schema_version":"secwatch.filing_event.v1","accession":"0001578732-23-000006","form_type":"8-K","ticker":"MMI","cik":"0001578732","company_name":"Marcus & Millichap, Inc.","filed_at":"2023-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.683832+00:00","generated_at":"2026-06-19T08:00:16.010572+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Marcus & Millichap Q4 revenue down 47% YoY to $262M; EPS falls from $1.53 to $0.20","bullets":["Q4 total revenue $262.4M (-47% YoY); net income $7.9M ($0.20 diluted EPS) vs $62.0M ($1.53).","Full year 2022 record revenue $1.30B (+0.4%); net income $104.2M ($2.59) down from $142.5M ($3.55).","Adjusted EBITDA Q4 $14.1M vs $88.2M; full year $165.5M vs $213.0M.","Semi-annual dividend declared: $0.25/sh payable Apr 6, 2023, record Mar 14.","CEO attributes drop to Fed tightening and expects choppy H1 2023 but long-term optimism."],"urls":{"canonical":"https://secwatch.observer/filing/0001578732-23-000006","json":"https://secwatch.observer/filing/0001578732-23-000006.json","markdown":"https://secwatch.observer/filing/0001578732-23-000006.md","text":"https://secwatch.observer/filing/0001578732-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1578732/000157873223000006/0001578732-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1578732/000157873223000006/mmi-20230217.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T08:00:16.010572+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5f3c14757a59e7ee66fb0342ce25cbae2166a4d4","claim":"Marcus & Millichap, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $262.4 million, net income $7.9 million, EPS $0.20 per common share, diluted.","evidence_excerpt":"Total revenue was $262.4 million, compared to $495.1 million • Net income was $7.9 million, or $0.20 per common share, diluted, compared to $62.0 million, or $1.53 per common share, diluted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1578732/000157873223000006/0001578732-23-000006-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$262.4 million"},{"label":"Net income","value":"$7.9 million"},{"label":"EPS","value":"$0.20 per common share, diluted"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6c7f87b68a7178a4968e7c76e53b9c761b6b636c","claim":"Marcus & Millichap, Inc. reported the fiscal year ended December 31, 2022 results: revenue $1,301.7 million, net income $104.2 million, EPS $2.59 per common share, diluted.","evidence_excerpt":"Total revenue was $1,301.7 million, compared to $1,296.4 million • Net income was $104.2 million, or $2.59 per common share, diluted, compared to $142.5 million, or $3.55 per common share, diluted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1578732/000157873223000006/0001578732-23-000006-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$1,301.7 million"},{"label":"Net income","value":"$104.2 million"},{"label":"EPS","value":"$2.59 per common share, diluted"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}