{"schema_version":"secwatch.filing_event.v1","accession":"0001578732-24-000005","form_type":"8-K","ticker":"MMI","cik":"0001578732","company_name":"Marcus & Millichap, Inc.","filed_at":"2024-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.683452+00:00","generated_at":"2026-06-06T00:13:47.820463+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Marcus & Millichap reports Q4 net loss of $10.2M; full year revenue down 50.4% to $645.9M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001578732-24-000005","json":"https://secwatch.observer/filing/0001578732-24-000005.json","markdown":"https://secwatch.observer/filing/0001578732-24-000005.md","text":"https://secwatch.observer/filing/0001578732-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1578732/000157873224000005/0001578732-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1578732/000157873224000005/mmi-20240216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T00:13:47.820463+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":"24f567a7bae956ccc54daeb3bb47e8bd1bf8cffb","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1578732/000157873224000005/0001578732-24-000005-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$645.9 million"},{"label":"Net income","value":"Net loss of $34.0 million"},{"label":"EPS","value":"$0.88 per common share, diluted"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c9359dcd64e7d8ea7a2ec906301886762233db9c","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1578732/000157873224000005/0001578732-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$166.2 million"},{"label":"Net income","value":"Net loss of $10.2 million"},{"label":"EPS","value":"$0.27 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"}