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Marcus & Millichap Inc (MMI) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · REAL ESTATE SERVICES · DATA UPDATED 2026-09-17

Marcus & Millichap Inc (MMI) operates in the REAL ESTATE SERVICES industry and is headquartered in Calabasas, United States with about 854 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, MMI reported $755M in revenue and ($2M) in net income.

Marcus & Millichap, Inc., an investment brokerage company, provides commercial real estate investment sales, financing services, research and advisory services in the United States and Canada.

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MMI Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-31
Total Revenue$812M$755M$696M$646M$1.3B$1.3B$717M$806M$815M$720M$717M$689M$572M$436M$386M$275M$218M
Gross Profit$289M$260M$265M$239M$451M$456M$269M$308M$312M$273M$273M$266M$222M$171M$155M$112M$94M
Gross Margin %35.6%34.5%38.0%37.0%34.6%35.2%37.5%38.1%38.3%38.0%38.0%38.6%38.8%39.3%40.3%40.8%43.0%
Operating Income (EBIT)$10M($12M)($33M)($59M)$137M$189M$54M$96M$112M$96M$107M$115M$85M$21M$49M$23M$14M
Operating Margin %1.3%-1.6%-4.7%-9.2%10.6%14.6%7.5%12.0%13.8%13.4%14.8%16.6%14.8%4.9%12.7%8.5%6.4%
Net Income$14M($2M)($12M)($34M)$104M$142M$43M$77M$87M$52M$65M$66M$50M$8M$28M$13M$8M
Net Margin %1.8%-0.2%-1.8%-5.3%8.0%11.0%6.0%9.5%10.7%7.2%9.0%9.6%8.7%1.9%7.2%4.9%3.9%
EBITDA$36M$16M$4M($26M)$156M$206M$71M$117M$125M$106M$113M$118M$88M$25M$52M$26M$17M
Earnings Per Share (EPS)$0.37$-0.05$-0.32$-0.88$2.59$3.55$1.08$1.95$2.22$1.32$1.66$1.69$1.27$0.21$0.74$0.35$0.22
Shares Outstanding (M)38M39M39M39M40M40M40M40M39M39M39M39M39M39M38M38M38M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MMI Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$203M$171M$244M$194M$172M$145M$240M$169M
Gross Profit$76M$63M$83M$67M$59M$51M$88M$64M
Gross Margin %37.6%36.8%33.9%34.8%34.4%35.2%36.8%37.8%
Operating Income (EBIT)$2M($6M)$16M($2M)($8M)($18M)$7M($11M)
Operating Margin %1.1%-3.4%6.4%-0.9%-4.8%-12.3%2.8%-6.8%
Net Income$4M($3M)$13M$0M($11M)($4M)$9M($5M)
Net Margin %1.9%-1.8%5.5%0.1%-6.4%-3.0%3.6%-3.2%
EBITDA$9M$0M$23M$4M$0M($11M)$17M($2M)
Earnings Per Share (EPS)$0.10$-0.08$0.34$0.01$-0.28$-0.11$0.22$-0.14
Shares Outstanding (M)38M38M39M39M39M39M39M39M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MMI Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-31
Cash from Operations (CFO)$98M$67M$22M($72M)$14M$256M$38M$25M$117M$67M$74M$72M$71M$97M$35M$18M$4M
Capital Expenditures (CapEx)$11M$8M$8M$9M$12M$7M$7M$9M$8M$7M$9M$7M$3M$5M$5M$3M$1M
Free Cash Flow (FCF)$88M$59M$14M($82M)$2M$249M$31M$16M$109M$60M$65M$65M$69M$92M$31M$15M$3M
FCF Margin %10.8%7.8%2.0%-12.7%0.1%19.2%4.3%2.0%13.4%8.3%9.1%9.5%12.0%21.1%8.0%5.4%1.5%
Dividends Paid$12M$21M$20M$20M$60M$20M$2M$3M$0M$0M$0M$0M$38M$31M$17M$2M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MMI Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$28M($28M)$46M$52M$21M($53M)$57M$15M
Capital Expenditures (CapEx)$3M$3M$2M$2M$2M$1M$2M$2M
Free Cash Flow (FCF)$25M($31M)$44M$50M$19M($54M)$55M$13M
FCF Margin %12.1%-17.8%18.0%25.8%11.2%-37.5%23.0%7.8%
Dividends Paid$1M$1M$10M$0M$10M$1M$10M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MMI Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-31
Total Assets$766M$827M$870M$878M$1.0B$1.0B$779M$709M$566M$460M$394M$321M$234M$167M$90M$64M
Cash & Cash Equivalents$154M$162M$153M$171M$236M$382M$243M$233M$215M$221M$187M$96M$149M$101M$3M$3M
Total Liabilities$187M$224M$239M$233M$290M$349M$232M$214M$157M$145M$135M$132M$117M$105M$68M$44M
Total Debt (Short + Long-Term)$18M$19M$19M$18M$17M$19M$19M$24M$8M$9M$10M$11M$12M$12M$0M$0M
Total Shareholders' Equity$579M$603M$631M$645M$714M$696M$547M$495M$410M$315M$259M$189M$117M$62M$22M$20M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MMI viewer.

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