---
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"
generated_at: "2026-06-19T08:00:16.010572+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marcus & Millichap Q4 revenue down 47% YoY to $262M; EPS falls from $1.53 to $0.20

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001578732-23-000006
- JSON: https://secwatch.observer/filing/0001578732-23-000006.json
- Plain text: https://secwatch.observer/filing/0001578732-23-000006.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $262.4 million
  - Net income: $7.9 million
  - EPS: $0.20 per common share, diluted
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1578732/000157873223000006/0001578732-23-000006-index.htm
- Earnings Releases
  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.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $1,301.7 million
  - Net income: $104.2 million
  - EPS: $2.59 per common share, diluted
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1578732/000157873223000006/0001578732-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.