Marcus & Millichap Q4 revenue up 44% to $240.1M; swings to net income $8.5M from loss

Marcus & Millichap, Inc.

2024-FY EPS reported -$0.32 revenue$696,060,000

Q4 total revenue $240.1M, up 44.4% YoY; net income $8.5M ($0.22 diluted EPS) vs net loss $10.2M in Q4 2023.
Brokerage commissions $202.8M (+40.3%); financing fees $31.2M (+96.6%) driven by 139.4% financing volume increase.
Full year 2024 revenue $696.1M (+7.8%); net loss $12.4M ($0.32 loss) improved from $34.0M loss in 2023.
Adjusted EBITDA Q4 $18.0M vs $(4.5)M; full year $9.4M vs $(19.6)M.
Investment sales professionals 1,712 vs 1,783 at year-end 2023; $70.5M remaining share repurchase authorization.

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