{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-031593","form_type":"8-K","ticker":"MMI","cik":"0001578732","company_name":"Marcus & Millichap, Inc.","filed_at":"2026-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.503395+00:00","generated_at":"2026-05-14T21:41:31.041038+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Marcus & Millichap Q1 revenue up 18% to $171.5M; net loss narrows to $0.08/sh","bullets":["Revenue $171.5M (+18.2% YoY); brokerage commissions $138.1M (+11.7%); financing fees $26.8M (+48.1%).","Net loss narrowed to $3.1M ($0.08 diluted) from $4.4M ($0.11) in Q1 2025; adjusted EBITDA $2.9M vs ($8.7M).","Repurchased 895,532 shares for $23.5M in Q1; Board approved additional $70M buyback authorization on April 30.","Semi-annual dividend of $0.25/sh paid April 3, 2026; total buyback authorization now ~$90M remaining."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-031593","json":"https://secwatch.observer/filing/0001628280-26-031593.json","markdown":"https://secwatch.observer/filing/0001628280-26-031593.md","text":"https://secwatch.observer/filing/0001628280-26-031593.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1578732/000162828026031593/0001628280-26-031593-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1578732/000162828026031593/mmi-20260507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:41:31.041038+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fd90e4c56293c3b963872674c455c70f5cacc87f","claim":"Marcus & Millichap, Inc. reported first quarter ended March 31, 2026 results: revenue $171.5 million, net income Net loss of $3.1 million, EPS $0.08 per common share, diluted.","evidence_excerpt":"First Quarter 2026 Highlights Compared to First Quarter 2025 • Total revenue of $171.5 million, an increase of 18.2% compared to $145.0 million • Brokerage commissions of $138.1 million, an increase of 11.7% compared to $123.6 million • Private Client Market brokerage revenue of $88.1 million, an increase of 13.4% compared to $77.7 million • Middle Market and Larger Transaction Market brokerage revenue of $44.6 million, an increase of 9.2% compared to $40.9 million • Financing fees of $26.8 million, an increase of 48.1% compared to $18.1 million • Pre-tax loss of $2.2 million compared to $13.9 million, an improvement of 84.4% • Net loss of $3.1 million, or $0.08 per common share, diluted, compared to a net loss of $4.4 million, or $0.11 per common share, diluted • Adjusted EBITDA 1 of $2.9 million compared to $(8.7) million, an improvement of 133.7%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1578732/000162828026031593/0001628280-26-031593-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$171.5 million"},{"label":"Net income","value":"Net loss of $3.1 million"},{"label":"EPS","value":"$0.08 per common share, diluted"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}