The financials
Marcus & Millichap, Inc. by the numbers
Marcus & Millichap, Inc. (MMI) reported revenue of $171M in Q1 2026 (quarter ended Mar 31, 2026), up 18% from the same quarter a year earlier. That came with net loss of $3.1M. For the full year FY2025, revenue was $755M (+8.5% year on year) and net income −$1.9M. Its largest product in Jun 2026 was Real Estate Brokerage Commissions at $167M, 82% of the disclosed total, well ahead of Financing Fees at 15%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $171M | $145M | +18% |
| Operating income | −$5.8M | −$18M | n/a |
| Net income | −$3.1M | −$4.4M | n/a |
| Diluted EPS | −$0.08 | −$0.11 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Real Estate Brokerage Commissions | $167M | 82% |
| Financing Fees | $30M | 15% |
| Other | $5.6M | 2.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $202.9M (+18%)
Other grew +23% year on yearFinancing Fees +15% year on year
Segment Latestquarter on quarteryear on year
- Real Estate Brokerage Commissions$167.0M$167.0MQoQ +21%year on year +18%+21%+18%
- Financing Fees$30.3M$30.3MQoQ +13%year on year +15%+13%+15%
- Other$5.6M$5.6MQoQ -13%year on year +23%-13%+23%