Marcus & Millichap, Inc. income statement
In fiscal 2025, Marcus & Millichap, Inc. reported revenue of $755m, up 8.5% on the year before, operating income of −$13.7m (a -1.8% margin) and net income of −$1.9m, or −$0.05 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 275 | 386 | 436 | 572 | 689 | 717 | 720 | 815 | 806 | 717 | 1,296 | 1,302 | 646 | 696 | 755 | 812 |
| Cost of revenue | — | — | — | — | — | 445 | 447 | 503 | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | 273 | 273 | 312 | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 86 | 103 | 116 | 134 | 148 | 162 | 172 | 193 | 203 | 205 | 255 | 300 | 285 | 281 | 286 | 286 |
| Operating income | 23 | 49 | 21 | 85 | 115 | 107 | 96 | 112 | 96 | 54 | 189 | 137 | −59 | −33 | −14 | 9 |
| Interest expense | — | 0 | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | 24 | 49 | 22 | 83 | 113 | 107 | 99 | 117 | 108 | 59 | 193 | 142 | −40 | −13 | 3 | 25 |
| Income tax | 10 | 22 | 14 | 33 | 47 | 42 | 48 | 30 | 31 | 17 | 51 | 38 | −6 | −1 | 5 | 10 |
| Net income | 13 | 28 | 8 | 50 | 66 | 65 | 52 | 87 | 77 | 43 | 142 | 104 | −34 | −12 | −2 | 14 |
| Diluted EPS | — | — | $0.24 | $1.27 | $1.69 | $1.66 | $1.32 | $2.22 | $1.95 | $1.08 | $3.55 | $2.59 | −$0.88 | −$0.32 | −$0.05 | $0.37 |
| Diluted shares (average) | — | — | 39m | 39m | 39m | 39m | 39m | 39m | 40m | 40m | 40m | 40m | 39m | 39m | 39m | 39m |
| EBITDA | 26 | 52 | 24 | 88 | 118 | 111 | 101 | 119 | 104 | 65 | 201 | 151 | −46 | −16 | −2 | 20 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 169 | 240 | 145 | 172 | 194 | 244 | 171 | 203 |
| Selling, general and administrative | 71 | 76 | 72 | 72 | 73 | 71 | 71 | 72 |
| Operating income | −11 | 7 | −18 | −9 | −2 | 15 | −6 | 2 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −6 | 11 | −14 | −4 | 1 | 19 | −2 | 6 |
| Income tax | −1 | 3 | −9 | 7 | 1 | 6 | 1 | 2 |
| Net income | −5 | 9 | −4 | −11 | 0 | 13 | −3 | 4 |
| Diluted EPS | −$0.14 | $0.22 | −$0.11 | −$0.28 | $0.01 | $0.34 | −$0.08 | $0.10 |
| EBITDA | −7 | 12 | −15 | −6 | 0 | 19 | −3 | 5 |
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