secwatch.observer — SEC 8-K summary
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Issuer:     Marcus & Millichap, Inc. (MMI)
CIK:        0001578732
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001578732-23-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578732/000157873223000006/0001578732-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578732/000157873223000006/mmi-20230217.htm
  HTML page:      https://secwatch.observer/filing/0001578732-23-000006

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