Marcus & Millichap, Inc. (MMI) Form 10-Q — Aug 6, 2026

$MMIForm 10-QFiled Aug 6, 2026, 4:59 PM ET0001628280-26-054439Original filing

Marcus & Millichap returned to profitability in Q2 2026, reporting net income of $3.9 million ($0.10 diluted EPS) versus an $11.0 million loss a year earlier, on total revenue of $202.9 million, up roughly 18% year over year. The rebound was broad-based: real estate brokerage commissions rose to $167.0 million and financing fees to $30.3 million, as the firm closed 2,306 transactions with about $14.1 billion of sales volume in the quarter; first-half revenue reached $374.4 million with modest net income of $0.8 million.

Key figures

Eps: $0.10 diluted (Q2 2026) vs. $(0.28) (Q2 2025); $0.02 diluted H1 2026
Revenue: $202.9 million (Q2 2026); $374.4 million (H1 2026)
Net Income: $3.9 million (Q2 2026) vs. $(11.0) million (Q2 2025); $0.8 million (H1 2026)
Revenue Yoy: +17.8% Q2 YoY; +18.0% H1 YoY
Total Assets: $765.8 million
Cash Position: $153.5 million including $1.8 million restricted cash (June 30, 2026)
Shares Outstanding: 37871003
Buybacks H1: $23.9 million (912,957 shares at average $26.22)
Credit Facility: $10 million Wells Fargo revolver, undrawn, maturity extended to June 1, 2027
Financing Fees Q2: $30.3 million (+15.3% YoY)
Dividend Declared: $0.25 per share semi-annual (~$10.0 million), payable October 6, 2026
Insider Ownership: George M. Marcus beneficially owns ~39.6%
Litigation Accrual: $4.0 million (MO Murrayfield judgment)
Q2 Operating Income: $2.2 million vs. $(9.0) million in Q2 2025
Transaction Volume H1: $26.2 billion
Transaction Volume Q2: $14.1 billion
Canadian Revenue Share: 4.6% of Q2 2026 revenue
Transactions Closed Q2: 2306
Brokerage Commissions Q2: $167.0 million (+18.1% YoY)
Fannie Mae DUSGuarantee Max: $489.8 million on loans with $2,993.0 million unpaid balance
Litigation Possible Loss Range: $0 to approximately $24.1 million pending appeal
Sales Financing Professionals: 1677
Buyback Authorization Remaining: $90.1 million of $210 million total authorized

Price after filing

1 day: +1.0%7 days: +2.7%30 days: +3.1%

Close on the filing date to close N calendar days later (from $30.92). Historical, not a forecast.

AI analysis

Red flags5 · Pro

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

Upgrade to Pro · $49/mo billed annually

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.