The earnings call presented a mixed outlook with significant revenue growth and impressive performance in financing and private client brokerage segments. However, challenges such as a decline in larger transactions, net loss, and tax expense impact weighed on profitability. The company remains optimistic about future growth and has a strong capital position to support strategic initiatives.

Company Guidance

During the Marcus & Millichap Second Quarter 2025 Earnings Conference Call, CEO Hessam Nadji highlighted several key metrics illustrating the company's performance and strategic direction. Total revenue for the quarter reached $172 million, marking a 9% year-over-year growth, with notable contributions from brokerage and financing segments. Brokerage revenue increased by 4%, while financing revenue saw a significant 44% rise, driven by the newly integrated services and improved lending environment. The private client brokerage business experienced a revenue and transaction growth of 10.3% and 12%, respectively, attributed to enhanced client outreach and realistic asset valuations. However, revenue from larger transactions above $20 million decreased by 12%, impacted by tariff-related pauses. The company's strategic focus remains on long-term growth, with adjusted EBITDA reported at $1.5 million amidst ongoing investments in talent, technology, and client services, supported by a robust balance sheet featuring $333 million in cash and marketable securities.

Revenue Growth

Total revenue for the second quarter was $172 million, representing approximately 9% growth year-over-year.

Financing Revenue Surge

Financing revenue posted an impressive 44% gain over the second quarter of 2024, driven by contributions from recent additions to the IPA Capital Markets team and improvements in the lending environment.

Private Client Brokerage Growth

The company's private client brokerage business reflected revenue and transaction growth of 10.3% and 12%, respectively.

Auction Division Success

Marcus & Millichap's auction division sold 273 transactions over the past 12 months, accounting for 27% of all commercially auctioned assets in the U.S.

Strong Capital Position

The company is well-capitalized with no debt and $333 million in cash, cash equivalents, and marketable securities.

Marcus & Millichap (MMI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MMI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 31, 2025	2025 (Q3)	-0.03 / -	-0.14	―	―	―
Aug 07, 2025	2025 (Q2)	-0.10 / -0.28	-0.14	-100.00% (-0.14)
May 07, 2025	2025 (Q1)	-0.16 / -0.11	-0.26	57.69% (+0.15)
Feb 14, 2025	2024 (Q4)	-0.02 / 0.22	-0.27	181.48% (+0.49)
Nov 08, 2024	2024 (Q3)	-0.19 / -0.14	-0.24	41.67% (+0.10)
Aug 07, 2024	2024 (Q2)	-0.15 / -0.14	-0.23	39.13% (+0.09)
May 08, 2024	2024 (Q1)	-0.28 / -0.26	-0.15	-73.33% (-0.11)
Feb 16, 2024	2023 (Q4)	-0.28 / -0.27	0.2	-235.00% (-0.47)
Nov 03, 2023	2023 (Q3)	-0.26 / -0.24	0.53	-145.28% (-0.77)
Aug 04, 2023	2023 (Q2)	-0.23 / -0.23	1.04	-122.12% (-1.27)

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
Aug 07, 2025	$32.23	$28.74	-10.83%
May 07, 2025	$29.39	$30.12	+2.48%
Feb 14, 2025	$37.00	$39.02	+5.46%
Nov 08, 2024	$39.89	$41.87	+4.96%

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 Oct 31, 2025, After Close (Confirmed).

What is Marcus & Millichap Inc (MMI) earnings time?

Marcus & Millichap Inc (MMI) earnings time is at Oct 31, 2025, 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 2025 (Q3) is -0.03.

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