secwatch.observer — SEC 8-K summary
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Issuer:     Marcus & Millichap, Inc. (MMI)
CIK:        0001578732
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001578732-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578732/000157873224000005/0001578732-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578732/000157873224000005/mmi-20240216.htm
  HTML page:      https://secwatch.observer/filing/0001578732-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer