---
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"
generated_at: "2026-06-06T00:13:47.820463+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001578732-24-000005
- JSON: https://secwatch.observer/filing/0001578732-24-000005.json
- Plain text: https://secwatch.observer/filing/0001578732-24-000005.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1578732/000157873224000005/0001578732-24-000005-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1578732/000157873224000005/0001578732-24-000005-index.htm

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