{"schema_version":"secwatch.filing_event.v1","accession":"0001578732-25-000037","form_type":"8-K","ticker":"MMI","cik":"0001578732","company_name":"Marcus & Millichap, Inc.","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.406644+00:00","generated_at":"2026-05-17T17:35:01.109544+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Marcus & Millichap Q2 revenue up 8.8% to $172.3M; net loss widens to $11.0M on $7.3M tax provision","bullets":["Total revenue $172.3M (+8.8% YoY); brokerage commissions $141.4M (+4.4%).","Net loss $11.0M ($0.28 diluted) vs $5.5M loss ($0.14) in Q2 2024; includes $7.3M income tax provision.","Private Client Market brokerage revenue $93.5M (+10.3%); Middle Market & Larger Transaction revenue $42.3M (-6.6%).","Financing fees $26.3M (+43.5%) on 86% volume increase; adjusted EBITDA $1.5M (flat).","Board declared $0.25/share semi-annual dividend payable Oct 6, 2025; 242,821 shares repurchased in H1 2025 at avg $30.47."],"urls":{"canonical":"https://secwatch.observer/filing/0001578732-25-000037","json":"https://secwatch.observer/filing/0001578732-25-000037.json","markdown":"https://secwatch.observer/filing/0001578732-25-000037.md","text":"https://secwatch.observer/filing/0001578732-25-000037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1578732/000157873225000037/0001578732-25-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1578732/000157873225000037/mmi-20250807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T17:35:01.109544+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"}