Marcus & Millichap reports Q4 net loss of $10.2M; full year revenue down 50.4% to $645.9M

Marcus & Millichap, Inc.

2023-FY EPS reported -$0.88 revenue$645,927,000

Q4 total revenue $166.2M (-36.7% YoY); brokerage commissions $144.6M (-38.7%); financing fees $15.9M (-26.5%).
Q4 net loss $10.2M ($0.27 diluted) vs net income $7.9M ($0.20) in Q4 2022.
Full year 2023 revenue $645.9M (-50.4% YoY); net loss $34.0M ($0.88 diluted) vs income $104.2M ($2.59) in 2022.
Adjusted EBITDA for 2023 negative $19.6M vs positive $165.5M in 2022; investment professionals: 1,783 vs 1,904.
Dividends total $20.4M; repurchased 1.26M shares for $38.9M; $71.5M remaining under buyback program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Marcus & Millichap, Inc. reported fiscal year ended December 31, 2023 results: revenue $645.9 million, net income Net loss of $34.0 million, EPS $0.88 per common share, diluted.

Period: fiscal year ended December 31, 2023
Revenue: $645.9 million
Net income: Net loss of $34.0 million
EPS: $0.88 per common share, diluted
Result: reported results

Exact text from the filing

including talent acquisition and retention • Adjusted EBITDA of $(4.5) million, compared to $14.1 million Full Year 2023 Highlights Compared to Full Year 2022 • Total revenue of $645.9 million, compared to $1,301.7 million • Brokerage commissions of $559.8 million, compared to $1,170.3 million • Private Client Market brokerage revenue of $373.0 million, compared to

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marcus & Millichap, Inc. reported fourth quarter ended December 31, 2023 results: revenue $166.2 million, net income Net loss of $10.2 million, EPS $0.27 per common share, diluted.

Period: fourth quarter ended December 31, 2023
Revenue: $166.2 million
Net income: Net loss of $10.2 million
EPS: $0.27 per common share, diluted
Result: reported results

Exact text from the filing

today reported financial results for the fourth quarter and the year ended December 31, 2023. Fourth Quarter 2023 Highlights Compared to Fourth Quarter 2022 • Total revenue of $166.2 million, compared to $262.4 million • Brokerage commissions of $144.6 million, compared to $235.8 million • Private Client Market brokerage revenue of $94.8 million, compared to $145.6

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

Marcus & Millichap, Inc. filing history →

Source: SEC EDGAR

accession 0001578732-24-000005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.