MMI
$28.03+2.52%
Marcus & Millichap Inc.Stock · Real EstateUS REITs · 0.04% of VNQRussell 2000 · 0.02% of IWMUS Stock Market · 0.0010% of VTIRussell 3000 · 0.0009% of IWV
MMI financial statements
The full income statement, balance sheet, and cash-flow statement for Marcus & Millichap Inc. (MMI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 38.7M2024-09 38.8M2024-12 38.9M2025-03 39.0M2025-06 39.0M2025-09 38.9M2025-12 38.2M2026-03 37.8M2026-06 37.9M-2.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 755M+8.5% | 696M+7.8% | 646M-50.4% | 1.30B+0.4% | 1.30B+80.8% | |
| 769M+5.5% | 729M+3.4% | 705M-39.4% | 1.16B+5.2% | 1.11B+66.9% | ||
| Selling, general & administrative | 286M+1.9% | 281M-1.4% | 285M-5.0% | 300M+17.6% | 255M+24.8% | |
| Amortization of intangibles | 2.10M-70.8% | 7.20M+53.2% | 4.70M+0.0% | 4.70M+23.7% | 3.80M-11.6% | |
| Operating income | -13.7M+58.3% | -32.9M+44.6% | -59.4M-143.2% | 137M-27.4% | 189M+253.2% | |
| Interest expense | 773K-4.8% | 812K-8.6% | 888K+25.4% | 708K+22.1% | 580K-35.6% | |
| Other non-operating income | 17.5M-15.4% | 20.7M+4.2% | 19.9M+272.1% | 5.34M+17.9% | 4.53M-31.9% | |
| Pre-tax income | 3.02M+123.2% | -13.0M+67.8% | -40.4M-128.4% | 142M-26.5% | 193M+225.6% | |
| Income tax | 4.93M+840.1% | -666K+89.5% | -6.37M-116.8% | 37.8M-25.6% | 50.8M+207.6% | |
| -1.91M+84.6% | -12.4M+63.7% | -34.0M-132.7% | 104M-26.8% | 142M+232.6% | ||
| Net income to common | -1.91M+84.5% | -12.3M+63.7% | -34.0M-132.6% | 104M-26.9% | 142M+232.7% | |
| -$0.05+84.4% | -$0.32+63.6% | -$0.88-134.0% | $2.59-27.0% | $3.55+228.7% | ||
| EPS (basic) | -$0.05+84.4% | -$0.32+63.6% | -$0.88-133.7% | $2.61-26.9% | $3.57+230.6% | |
| Weighted-avg shares (basic) | 38.9M+0.7% | 38.7M+0.0% | 38.7M-3.1% | 39.9M+0.0% | 39.9M+0.6% | |
| Weighted-avg shares (diluted) | 38.9M+0.7% | 38.7M+0.0% | 38.7M-3.8% | 40.2M-0.0% | 40.2M+1.1% | |
| Dividends per share | $0.54+3.3% | $0.52-0.6% | $0.52-66.0% | $1.54 | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 309M-24.6% | 410M+4.2% | 394M-25.3% | 527M-13.3% | 608M+41.7% | ||
| Cash & equivalents | 162M+5.5% | 153M-10.1% | 171M-27.6% | 236M-38.3% | 382M+57.2% | |
| Prepaid expenses | 24.6M+164.3% | 9.31M+5.7% | 8.81M-6.4% | 9.41M-28.8% | 13.2M+30.2% | |
| Other current assets | 3.30M-78.8% | 15.5M-4.1% | 16.2M+122.5% | 7.28M+38.2% | 5.27M+11.9% | |
| 827M-4.9% | 870M-1.0% | 878M-12.5% | 1.00B-4.0% | 1.05B+34.2% | ||
| Property, plant & equipment | 23.9M-8.7% | 26.1M-4.8% | 27.4M-0.7% | 27.6M+19.2% | 23.2M-1.0% | |
| Operating lease right-of-use | 74.3M-8.4% | 81.1M-9.9% | 90.1M+2.4% | 87.9M+7.9% | 81.5M-3.0% | |
| Goodwill | 37.9M+0.7% | 37.6M-1.2% | 38.0M+0.3% | 37.9M+11.3% | 34.1M+2.1% | |
| Intangible assets | 3.81M-35.7% | 5.92M-54.9% | 13.1M-26.1% | 17.8M+26.7% | 14.0M-24.9% | |
| Deferred tax assets | 44.6M-7.3% | 48.1M+2.5% | 46.9M+13.6% | 41.3M+22.5% | 33.7M+57.8% | |
| Other non-current assets | 27.1M+14.8% | 23.6M+57.8% | 15.0M-5.6% | 15.9M+20.6% | 13.1M+214.8% | |
| 121M-8.7% | 133M+26.4% | 105M-30.8% | 152M-32.6% | 226M+87.5% | ||
| Accrued liabilities | 11.0M-19.8% | 13.7M+69.0% | 8.13M-29.0% | 11.4M-26.1% | 15.5M | |
| Current lease liability | 18.8M+1.5% | 18.5M+1.0% | 18.3M+8.0% | 17.0M-10.5% | 19.0M-1.1% | |
| Other current liabilities | 10.3M+27.7% | 8.08M+106.1% | 3.92M-60.5% | 9.93M+13.1% | 8.78M | |
| 224M-6.2% | 239M+2.5% | 233M-19.7% | 290M-16.8% | 349M+50.2% | ||
| Non-current lease liability | 59.5M-9.5% | 65.7M-5.3% | 69.4M+6.6% | 65.1M+11.6% | 58.3M-1.8% | |
| Operating lease liability (total) | 78.3M-7.1% | 84.2M-4.0% | 87.7M+6.9% | 82.1M+6.2% | 77.3M-1.6% | |
| Other non-current liabilities | 7.75M+10.7% | 7.01M-34.5% | 10.7M+24.1% | 8.61M-24.4% | 11.4M-17.5% | |
| 603M-4.4% | 631M-2.2% | 645M-9.6% | 714M+2.5% | 696M+27.3% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 4.00K+0.0% | 4.00K+0.0% | 4.00K+0.0% | 4.00K+0.0% | 4.00K+0.0% | |
| Additional paid-in capital | 193M+11.3% | 173M+12.7% | 154M+16.9% | 132M+8.0% | 122M+7.7% | |
| Retained earnings | 410M-10.7% | 459M-6.8% | 492M-15.9% | 586M+2.1% | 574M+33.0% | |
| Accumulated other comprehensive income | 401K+128.0% | -1.43M-86.6% | -768K+78.8% | -3.62M-497.5% | 910K-64.6% | |
| Total liabilities & equity | 827M-4.9% | 870M-1.0% | 878M-12.5% | 1.00B-4.0% | 1.05B+34.2% | |
| Common shares issued | 38.4M-1.1% | 38.9M+1.2% | 38.4M-2.1% | 39.3M-1.1% | 39.7M+0.7% | |
| Common shares outstanding | 38.4M-1.1% | 38.9M+1.2% | 38.4M-2.1% | 39.3M-1.1% | 39.7M+0.7% | |
| Shares outstanding (cover) | 38.2M-1.7% | 38.9M+1.2% | 38.4M-2.1% | 39.2M-1.1% | 39.7M+0.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 66.7M+207.0% | 21.7M+130.0% | -72.4M-631.4% | 13.6M-94.7% | 256M+571.9% | ||
| Depreciation & amortization | 12.1M-27.1% | 16.6M+21.7% | 13.6M+1.6% | 13.4M+14.4% | 11.7M+7.5% | |
| Intangible amortization | 2.10M-70.8% | 7.20M+53.2% | 4.70M+0.0% | 4.70M+23.7% | 3.80M-11.6% | |
| Share-based compensation | 24.2M+1.8% | 23.8M-1.5% | 24.1M+39.5% | 17.3M+67.1% | 10.4M+4.6% | |
| Deferred income taxes | 3.14M+321.7% | -1.42M+78.0% | -6.43M-5.9% | -6.07M+48.7% | -11.8M-2604.2% | |
| -3.82M+61.4% | -9.90M-113.2% | 74.9M+238.7% | -54.0M+50.2% | -108M-529.0% | ||
| Capital expenditure | 7.87M-0.0% | 7.87M-16.0% | 9.37M-19.7% | 11.7M+70.1% | 6.86M-1.3% | |
| Free cash flow | 58.8M+324.7% | 13.8M+116.9% | -81.8M-4267.1% | 1.96M-99.2% | 249M+699.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 12.5M+5558.5% | -229K-101.4% | |
| Proceeds from sale of PP&E | — | — | — | — | 0.00 | |
| -54.6M-89.8% | -28.8M+57.5% | -67.7M+35.9% | -106M-1683.3% | -5.92M+42.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 25.4M+3131.3% | 785K-98.0% | 39.4M+35.8% | 29.1M | 0.00 | |
| Dividends paid | 20.6M+1.6% | 20.2M+0.6% | 20.1M-66.7% | 60.4M | 0.00 | |
| FX effect on cash | 219K+160.0% | -365K-399.2% | 122K+133.3% | -366K+86.1% | -2.64M-5400.0% | |
| Net change in cash | 8.48M+149.0% | -17.3M+73.4% | -65.1M+55.5% | -146M-205.2% | 139M+1226.0% | |
| Interest paid | 478K-17.7% | 581K+21.5% | 478K-22.1% | 614K-18.0% | 749K-38.8% | |
| Income taxes paid | -2.20M-570.1% | 468K-30.6% | 674K-99.0% | 69.8M+43.8% | 48.6M+562.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.04B-29.9% | 1.49B-11.3% | 1.68B+23.6% | 1.36B-33.6% | 2.04B+39.2% | |
| P/E | — | — | — | 8.6×-40.3% | 14.3×-58.1% | |
| P/S | 1.4×-35.4% | 2.1×-5.4% | 2.3×+155.6% | 0.9×-43.9% | 1.6×-23.0% | |
| P/B | 1.7×-26.6% | 2.4×-8.7% | 2.6×+37.8% | 1.9×-36.1% | 2.9×+9.4% | |
| P/FCF | 17.7×-83.5% | 107.5× | — | 10.2×+24.0% | 8.2×-82.6% | |
| Earnings yield | — | — | — | 11.7%+67.4% | 7.0%+138.8% | |
| FCF yield | 5.6%+505.6% | 0.93% | — | 9.8%-19.4% | 12.2%+474.3% | |
| Dividend yield | 2.0%+44.9% | 1.4%+13.5% | 1.2%-73.2% | 4.5% | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MMI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MMI filings on SEC EDGAR → Not investment advice.