Marcus & Millichap Q2 net income $0.10/diluted share vs loss $0.28; revenue up 17.8%

Marcus & Millichap, Inc.

Total revenue $202.9M, up 17.8% YoY; brokerage commissions $167.0M, up 18.1%.
Net income $3.9M ($0.10 diluted) vs net loss $11.0M ($0.28 loss) in Q2 2025.
Adjusted EBITDA $12.1M vs $1.5M; pre-tax income swung to $6.3M from loss of $3.7M.
Board declared semi-annual dividend $0.25/share, payable Oct 6, 2026 to holders of record Sep 15, 2026.
Repurchased 912,957 shares at avg $26.22 in H1 2026; $90.1M remaining under buyback program.

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