{"schema_version":"secwatch.filing_event.v1","accession":"0001578732-23-000025","form_type":"8-K","ticker":"MMI","cik":"0001578732","company_name":"Marcus & Millichap, Inc.","filed_at":"2023-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.414293+00:00","generated_at":"2026-06-12T05:59:17.245996+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Marcus & Millichap Q2 revenue down 58.9% to $162.9M, net loss of $8.7M","bullets":["Total revenue $162.9M (-58.9% YoY); brokerage commissions $140.3M (-60.4% vs record Q2 2022).","Net loss of $8.7M ($0.23 diluted EPS) vs net income $42.2M ($1.04 EPS) in Q2 2022.","Adjusted EBITDA of -$1.1M vs $62.9M a year ago; cited widened bid/ask spread and restrictive lending.","Declared semi-annual dividend $0.25/share payable Oct 6, 2023; repurchased 1.1M shares for $34.4M in H1.","Investment sales & financing professionals 1,865, down 36 from prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0001578732-23-000025","json":"https://secwatch.observer/filing/0001578732-23-000025.json","markdown":"https://secwatch.observer/filing/0001578732-23-000025.md","text":"https://secwatch.observer/filing/0001578732-23-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1578732/000157873223000025/0001578732-23-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1578732/000157873223000025/mmi-20230804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T05:59:17.245996+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":"2507bceaea870fb18f4f9527f01965c7357e0d88","claim":"Marcus & Millichap, Inc. reported the second quarter ended June 30, 2023 results: revenue $162.9 million, net income Net loss of $8.7 million, or $0.23 per common share, diluted, EPS $0.23 per common share, diluted.","evidence_excerpt":"sales, financing, research and advisory services, today reported its second quarter results. Second Quarter 2023 Highlights Compared to Second Quarter 2022 • Total revenue of $162.9 million decreased 58.9%, a difficult comparable to a record second quarter 2022 where revenue was up 39.0% compared to second quarter 2021 • Brokerage commissions of $140.3 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1578732/000157873223000025/0001578732-23-000025-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$162.9 million"},{"label":"Net income","value":"Net loss of $8.7 million, or $0.23 per common share, diluted"},{"label":"EPS","value":"$0.23 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"}