{"schema_version":"secwatch.filing_event.v1","accession":"0001578732-25-000010","form_type":"8-K","ticker":"MMI","cik":"0001578732","company_name":"Marcus & Millichap, Inc.","filed_at":"2025-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.055649+00:00","generated_at":"2026-05-26T21:21:12.457515+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Marcus & Millichap Q4 revenue up 44% to $240.1M; swings to net income $8.5M from loss","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001578732-25-000010","json":"https://secwatch.observer/filing/0001578732-25-000010.json","markdown":"https://secwatch.observer/filing/0001578732-25-000010.md","text":"https://secwatch.observer/filing/0001578732-25-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1578732/000157873225000010/0001578732-25-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1578732/000157873225000010/mmi-20250214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T21:21:12.457515+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}