---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-007874"
form_type: "8-K"
ticker: "MMI"
cik: "0001578732"
company_name: "Marcus & Millichap, Inc."
filed_at: "2026-02-13T23:59:59+00:00"
generated_at: "2026-05-16T02:47:48.339365+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marcus & Millichap Q4 EPS $0.34, up 57% YoY; full-year loss narrows to $0.05/shr

## Summary
- Q4 revenue $244.0M (+1.6% YoY); net income $13.3M vs $8.5M; adjusted EBITDA $25.0M (+38.7%).
- Full year 2025 revenue $755.2M (+8.5% YoY); net loss $1.9M vs $12.4M loss in 2024.
- Private Client brokerage rose 10.3% in Q4; Middle Market fell 15.8%; financing fees +6.5%.
- Investment sales professionals grew to 1,808 from 1,712; $20.4M dividends, $26.9M buybacks in 2025.
- Remaining share repurchase authorization of $42.0M; no time limit for program.

## SEC filing metadata
- accession: 0001628280-26-007874
- form_type: 8-K
- ticker: MMI
- cik: 0001578732
- company_name: Marcus & Millichap, Inc.
- filed_at: 2026-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1578732/000162828026007874/0001628280-26-007874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1578732/000162828026007874/mmi-20260213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-007874
- JSON: https://secwatch.observer/filing/0001628280-26-007874.json
- Plain text: https://secwatch.observer/filing/0001628280-26-007874.txt

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