secwatch.observer — SEC 8-K summary
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Issuer:     Marcus & Millichap, Inc. (MMI)
CIK:        0001578732
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001628280-22-028326
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marcus & Millichap Q3 revenue $323.8M (-2.6%), EPS $0.53 vs $0.84; YTD revenue up 29.7% to $1.0B
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- Net income $21.4M ($0.53 diluted EPS) vs $33.9M ($0.84) year ago; includes $0.03 FX loss.
- Brokerage commissions $292.9M (-2.3%); Middle Market/Larger Transaction segment up 9.9%, Private Client down 9.6%.
- Financing fees $28.1M (-4.4%) as transaction count fell 13.7%.
- Adjusted EBITDA $36.6M vs $51.0M in Q3 2021; YTD adjusted EBITDA $151.4M, up 21.3%.
- Investment sales professionals 1,880, net loss of 102 vs prior year; repurchased 226,795 shares for $7.6M in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578732/000162828022028326/0001628280-22-028326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578732/000162828022028326/mmi-20221104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-028326

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