secwatch.observer — SEC 8-K summary
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Issuer:     Marcus & Millichap, Inc. (MMI)
CIK:        0001578732
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001578732-24-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marcus & Millichap Q1 net loss widens to $10M; revenue down 16.6%
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- Net loss of $10.0M ($0.26 diluted) vs $5.8M loss ($0.15) a year ago; revenue $129.1M (-16.6%).
- Brokerage commissions $109.5M (-18.9%); financing fees $14.4M (-9.1%).
- Adjusted EBITDA negative $10.1M vs negative $7.4M in prior year.
- Semi-annual dividend of $0.25 per share declared in Feb, paid April 5.
- Board repurchased 16,900 shares in Q1 at avg $32.77; $71.0M remaining under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578732/000157873224000025/0001578732-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578732/000157873224000025/mmi-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001578732-24-000025

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