secwatch.observer — SEC 8-K summary
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Issuer:     Marcus & Millichap, Inc. (MMI)
CIK:        0001578732
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0001628280-26-007874
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578732/000162828026007874/0001628280-26-007874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578732/000162828026007874/mmi-20260213.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-007874

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