---
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"
generated_at: "2026-06-12T05:59:17.245996+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Marcus & Millichap Q2 revenue down 58.9% to $162.9M, net loss of $8.7M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001578732-23-000025
- JSON: https://secwatch.observer/filing/0001578732-23-000025.json
- Plain text: https://secwatch.observer/filing/0001578732-23-000025.txt

## Key facts
- Earnings Releases
  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.
  - Period: the second quarter ended June 30, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1578732/000157873223000025/0001578732-23-000025-index.htm

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