MMI
Marcus & Millichap, Inc.27.95
+0.17+0.61%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.09BP/E (TTM)
-Basic EPS (TTM)
-0.17Dividend Yield
0.02%Recent Filings
8-K
10-Q
8-K
Q2 revenue up 8.8%
Marcus & Millichap reported Q2 2025 revenue of $172.3 million, up 8.8% from $158.4 million last year, driven by 43.5% higher financing fees at $26.3 million and 10.3% growth in Private Client brokerage to $93.5 million, yet larger transactions dipped 6.6% after prior surges. A $7.3 million tax provision from methodology change widened net loss to $11.0 million from $5.5 million. Adjusted EBITDA held steady at $1.5 million. Board declared $0.25 semi-annual dividend.
10-Q
Q2 FY2025 results
Marcus & Millichap's Q2 2025 results show revenue holding steady year-over-year while dipping slightly quarter-over-quarter (derived), with gross margins compressing amid softer brokerage volumes. Operating income edged lower, but net loss narrowed thanks to controlled expenses and favorable interest dynamics. Diluted EPS improved in line with weighted-average shares of 39.0 million, no anti-dilution noted. Cash flow from operations funded modest capex, yielding positive free cash flow. Liquidity stays solid with $100 million in unencumbered liquid assets required and $35 million average daily deposits at Wells Fargo. In May 2025, the company amended its credit agreement, extending maturity to June 2026 while adding a $10 million blocked cash collateral account, releasable post-positive net income. Debt covenants remain intact. Yet competition in commercial real estate brokerage pressures deal flow.
8-K
Matricaria's growth officer deal
Marcus & Millichap locked in Richard Matricaria as Senior Vice President and Chief Growth Officer via an employment agreement effective May 1, 2025, announced June 5. He snags a $400,000 base salary, targets a $600,000 bonus tied to company pre-tax income and personal goals, plus up to 50% in equity grants and a $75,000 relocation allowance. This hire aims to boost sales productivity and revenue partnerships. Yet restrictive covenants bind him tightly for three years post-term.
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