Marcus & Millichap Q3 revenue up 15% to $193.9M; net income $0.2M vs prior year loss

Marcus & Millichap, Inc.

2025-Q3 EPS reported -$0.39 revenue$511,206,000

Diluted EPS of $0.01 includes $0.08 per share accrual for litigation; prior year EPS $(0.14).
Brokerage commissions $162.2M (+14.2% YoY); financing fees $26.3M (+27.7% YoY).
Adjusted EBITDA of $6.9M vs approximately breakeven in prior year quarter.
Semi-annual dividend of $0.25 per share declared and paid; $59.0M available for buybacks.
Investment sales and financing professionals flat at 1,669 vs 1,678 a year ago.

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