---
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"
generated_at: "2026-05-14T21:41:31.041038+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marcus & Millichap Q1 revenue up 18% to $171.5M; net loss narrows to $0.08/sh

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1578732/000162828026031593/0001628280-26-031593-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1578732/000162828026031593/mmi-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-031593
- JSON: https://secwatch.observer/filing/0001628280-26-031593.json
- Plain text: https://secwatch.observer/filing/0001628280-26-031593.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2026
  - Revenue: $171.5 million
  - Net income: Net loss of $3.1 million
  - EPS: $0.08 per common share, diluted
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1578732/000162828026031593/0001628280-26-031593-index.htm

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