---
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"
generated_at: "2026-05-17T17:35:01.109544+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Marcus & Millichap Q2 revenue up 8.8% to $172.3M; net loss widens to $11.0M on $7.3M tax provision

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001578732-25-000037
- JSON: https://secwatch.observer/filing/0001578732-25-000037.json
- Plain text: https://secwatch.observer/filing/0001578732-25-000037.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.