Education
About Us
Working with TipRanks
Follow Us
Marcus & Millichap Inc (MMI)
NYSE:MMI
Earnings Data
Report Date
May 01, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.11Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a clear improvement in operating performance and momentum: revenue grew 8.5% in 2025, adjusted EBITDA and quarterly profitability improved materially, financing and private-client businesses scaled strongly, talent replenishment accelerated, and the balance sheet remained strong with ample liquidity and capital returns. Offsetting items included continued weakness in larger institutional transactions, a full-year net loss influenced by a legal reserve, some decline in other revenue, incomplete M&A, and persistent macro/AI-related uncertainties that temper near-term visibility. Overall, the positive operational inflection, cash strength and improving margins outweigh the challenges, though management remains cautious about market variability.Company Guidance
Full-Year Revenue Growth
Total revenue for 2025 was $755 million, up 8.5% from $696 million in 2024, demonstrating a return to top-line growth after prior market disruption.
Adjusted EBITDA and Profitability Improvement
Adjusted EBITDA improved to $25 million in 2025 from $9 million in 2024. Fourth-quarter adjusted EBITDA was $25 million, up 39% versus $18 million in Q4 2024. Q4 net income was $13 million ($0.34 EPS), a 55% increase in EPS from $0.22 in the prior-year quarter.
Strong Brokerage Recovery and Transaction Count
Brokerage commissions for the full year were $633 million, up 7% year-over-year. The company completed 6,038 brokerage transactions (up 11%) with total brokerage volume of $35 billion (up 3.5%). Across all segments MMI completed nearly 9,000 transactions totaling over $50 billion in 2025.
Private Client Momentum
Private client business expanded, accounting for 65% of Q4 brokerage revenue ($133 million, up from 59% prior-year quarter). Private client transactions grew 13% in volume and 10% in transaction count; full-year private client revenue was $406 million, an 11% increase year-over-year.
Financing Business Acceleration
Financing revenue grew to $104 million for the year, a 23% increase. In Q4 financing revenue was $33 million (up 6%); financing transaction count rose 33% for the year totaling $11.9 billion in volume, and Q4 financing transactions were 507 (up 19% year-over-year).
Talent Growth and Broker Headcount Recovery
2025 marked the strongest growth in the sales force in seven years with nearly 100 net additions of brokerage and financing professionals, reflecting successful recruitment and retention initiatives and an improved candidate pipeline heading into 2026.
Strong Balance Sheet and Capital Returns
MMI exited the year with no debt and $398 million in cash, cash equivalents and marketable securities (a $17 million increase over the prior quarter). The company returned capital with $47 million in dividends and share repurchases in 2025 and repurchased $27 million of shares at an average price of $28.77.
Operational Efficiency Gains
Q4 operating expenses decreased 2% year-over-year despite higher revenue. SG&A declined 7% in Q4 to $71 million (29% of revenue). Full-year SG&A improved to 38% of revenue from 40% in the prior year, indicating enhanced operating leverage as revenue recovers.
MMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 13, 2026 | $25.01 | $25.85 | +3.36% |
Nov 07, 2025 | $29.48 | $29.27 | -0.71% |
Aug 07, 2025 | $31.98 | $28.52 | -10.83% |
May 07, 2025 | $29.16 | $29.89 | +2.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Marcus & Millichap Inc (MMI) report earnings?
Marcus & Millichap Inc (MMI) is schdueled to report earning on May 01, 2026, After Close (Confirmed).
What is Marcus & Millichap Inc (MMI) earnings time?
Marcus & Millichap Inc (MMI) earnings time is at May 01, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMI EPS forecast?
MMI EPS forecast for the fiscal quarter 2026 (Q1) is -0.08.