Marcus & Millichap, Inc.
Marcus & Millichap, Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 137 | 162 | 117 | 86 | 150 | 153 | 173 | 162 | 91 | 171 | 224 | 171 | |||||
Prepaid Expense Current | 10 | 10 | 9 | 8 | 7 | 9 | 8 | 8 | 8 | 9 | 6 | 9 | |||||
Income Taxes Receivable | 1 | 2 | 6 | 6 | 6 | 6 | 10 | 10 | 9 | 9 | 9 | 17 | |||||
Available For Sale Securities Debt Securities Curr… | 57 | 91 | 129 | 136 | 119 | 190 | 126 | 120 | 198 | 169 | 117 | 165 | |||||
Other Assets Current | 14 | 14 | 17 | 15 | 14 | 16 | 11 | 18 | 16 | 16 | 15 | 6 | |||||
Assets Current | 245 | 309 | 310 | 302 | 325 | 410 | 357 | 344 | 344 | 394 | 390 | 382 | |||||
Property Plant And Equipment Net | 24 | 24 | 24 | 24 | 25 | 26 | 27 | 27 | 28 | 27 | 28 | 28 | |||||
Operating Lease Right Of Use Asset | 71 | 74 | 75 | 79 | 81 | 81 | 85 | 89 | 93 | 90 | 97 | 103 | |||||
Available For Sale Securities Debt Securities Nonc… | 142 | 146 | 135 | 110 | 61 | 51 | 50 | 54 | 57 | 67 | 71 | 71 | |||||
Deferred Compensation Plan Assets | 13 | 13 | 13 | 13 | 12 | 12 | 12 | 12 | 11 | 11 | 10 | 10 | |||||
Deferred Income Tax Assets Net | 44 | 45 | 49 | 50 | 57 | 48 | 50 | 50 | 52 | 47 | 46 | 36 | |||||
Intangible Assets Net Including Goodwill | 41 | 42 | 42 | 43 | 43 | 44 | 47 | 49 | 50 | 51 | 52 | 54 | |||||
Other Assets Noncurrent | 28 | 27 | 25 | 25 | 24 | 24 | 26 | 15 | 16 | 15 | 10 | 18 | |||||
Assets | 755 | 827 | 812 | 792 | 802 | 870 | 834 | 825 | 827 | 878 | 882 | 884 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable And Accrued Liabilities Current | 11 | 11 | 15 | 11 | 10 | 14 | 13 | 10 | 9 | 8 | 9 | 12 | |||||
Operating Lease Liability Current | 18 | 19 | 19 | 19 | 19 | 19 | 18 | 18 | 18 | 18 | 18 | 18 | |||||
Employee Related Liabilities Current | 11 | 24 | 19 | 16 | 11 | 25 | 17 | 11 | 7 | 19 | 15 | 11 | |||||
Other Liabilities Current | 18 | 10 | 18 | 4 | 18 | 8 | 17 | 8 | 18 | 4 | 14 | 5 | |||||
Liabilities Current | 93 | 121 | 113 | 87 | 86 | 133 | 113 | 93 | 93 | 105 | 103 | 89 | |||||
Operating Lease Liability Noncurrent | 57 | 59 | 59 | 64 | 65 | 66 | 67 | 71 | 74 | 69 | 74 | 79 | |||||
Other Liabilities Noncurrent | 7 | 8 | 8 | 7 | 7 | 7 | 7 | 7 | 7 | 11 | 10 | 11 | |||||
Liabilities | 186 | 224 | 210 | 184 | 184 | 239 | 216 | 199 | 201 | 233 | 233 | 220 | |||||
Commitments And Contingencies | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 196 | 193 | 187 | 182 | 175 | 173 | 167 | 162 | 155 | 154 | 145 | 140 | |||||
Retained Earnings Accumulated Deficit | 373 | 410 | 415 | 426 | 444 | 459 | 451 | 466 | 472 | 492 | 507 | 526 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -1 | 0 | 0 | 0 | -1 | -1 | 0 | -1 | -1 | -1 | -3 | -3 | |||||
Stockholders Equity | 569 | 603 | 602 | 608 | 618 | 631 | 618 | 627 | 626 | 645 | 649 | 664 | |||||
Liabilities And Stockholders Equity | 755 | 827 | 812 | 792 | 802 | 870 | 834 | 825 | 827 | 878 | 882 | 884 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | - | - | 11 | 11 | 11 | - | - | - | - | - | - | - | |||||
Restricted Cash Current | 11 | 11 | - | - | - | 11 | - | - | - | - | - | - | |||||
Debt Securities Available For Sale Amortized Cost … | 57 | 91 | 129 | 137 | 119 | 190 | 126 | 120 | 199 | 169 | 117 | 165 | |||||
Debt Securities Available For Sale Allowance For C… | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Debt Securities Available For Sale Amortized Cost … | 142 | 146 | 135 | 110 | 62 | 52 | 51 | 55 | 59 | 70 | 75 | 75 | |||||
Debt Securities Available For Sale Allowance For C… | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | |||||
Common Stock Shares Issued | 38 | 38 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 38 | 39 | 38 | |||||
Shares Outstanding | 38 | 38 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 38 | 39 | 38 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.34% | 6.40% | 2.91% | - | - | - | - | - | - | - | - | - |
| 2025 | -4.35% | 3.12% | 5.51% | 13.40% | 4.60% | 10.04% | 0.10% | -5.91% | -9.36% | -3.06% | 5.34% | 7.04% |
| 2024 | -3.03% | -5.46% | 19.59% | 5.03% | 5.40% | 1.29% | -1.33% | -9.98% | -11.34% | -8.46% | -19.21% | -23.19% |
| 2023 | - | - | - | -11.26% | -17.63% | -24.08% | 4.85% | 32.76% | 18.74% | -11.72% | -14.53% | -2.08% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.65 | 2.55 | 2.74 | 3.47 | 3.77 | 3.08 | 3.15 | 3.70 | 3.71 | 3.74 | 3.77 | 4.29 | |||||
| Quick Ratio | 2.54 | 2.46 | 2.66 | 3.38 | 3.68 | 3.01 | 3.08 | 3.61 | 3.63 | 3.66 | 3.71 | 4.19 | |||||
| Working Capital | 152.57M | 187.76M | 196.62M | 215.07M | 238.86M | 277.30M | 243.32M | 250.93M | 250.95M | 288.43M | 286.50M | 292.67M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.33 | 0.37 | 0.35 | 0.30 | 0.30 | 0.38 | 0.35 | 0.32 | 0.32 | 0.36 | 0.36 | 0.33 | |||||
| Interest Coverage TTM | -2.40 | -17.74 | -28.57 | -39.59 | -38.15 | -40.53 | -68.70 | -70.67 | -72.72 | -66.86 | -43.59 | 11.78 | |||||
| Debt Ratio | 0.25 | 0.27 | 0.26 | 0.23 | 0.23 | 0.27 | 0.26 | 0.24 | 0.24 | 0.27 | 0.26 | 0.25 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.00 | 0.89 | 0.91 | 0.90 | 0.87 | 0.80 | 0.73 | 0.72 | 0.71 | 0.69 | 0.79 | 0.98 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.02 | -0.05 | -0.17 | -0.32 | -0.17 | -0.32 | -0.80 | -0.90 | -0.99 | -0.88 | -0.41 | 0.38 | |||||
| Free Cash Flow Per Share TTM | 2.16 | 1.51 | 1.80 | 0.85 | 0.34 | 0.36 | -0.73 | -0.93 | -0.82 | -2.12 | -1.88 | -1.07 | |||||
| Dividend Per Share TTM | 0.54 | 0.53 | 0.53 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.53 | 0.52 | 0.54 | 0.53 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | - | - | - | - | - | - | - | - | 100.14% | 100.14% | 100.11% | 100.09% | |||||
| Operating Profit Margin TTM | -0.23% | -1.82% | -2.99% | -4.34% | -4.29% | -4.73% | -9.13% | -9.87% | -10.22% | -9.19% | -4.89% | 1.07% | |||||
| Net Profit Margin TTM | -0.08% | -0.25% | -0.89% | -1.69% | -0.95% | -1.78% | -5.01% | -5.68% | -6.16% | -5.27% | -2.14% | 1.63% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 9.77% | 8.49% | 20.74% | 17.89% | 14.79% | 7.76% | -16.16% | -31.88% | -45.45% | -50.38% | -51.63% | -41.41% | |||||
| Net Income Growth (1Y) | -91.36% | -84.56% | -78.59% | -64.87% | -82.20% | -63.68% | 95.99% | -337.89% | -158.21% | -132.66% | -110.04% | -91.39% | |||||
| EPS Growth (1Y) | -91.20% | -84.66% | -78.72% | -65.17% | -82.42% | -63.70% | 94.63% | -337.04% | -159.35% | -133.70% | -110.45% | -91.05% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -1,730.43 | -551.38 | -170.05 | -95.75 | -193.91 | -116.80 | -48.13 | -33.77 | -33.36 | -47.76 | -68.42 | 78.82 | |||||
| P/B TTM | 1.79 | 1.75 | 1.88 | 1.94 | 2.13 | 2.29 | 2.43 | 1.89 | 2.04 | 2.52 | 1.67 | 1.75 | |||||
| P/S TTM | 1.30 | 1.39 | 1.51 | 1.62 | 1.85 | 2.07 | 2.41 | 1.92 | 2.05 | 2.52 | 1.46 | 1.28 | |||||
| Market Cap | 1.02B | 1.05B | 1.13B | 1.18B | 1.32B | 1.44B | 1.50B | 1.18B | 1.27B | 1.63B | 1.09B | 1.16B | |||||
| Enterprise Value | 879.26M | 890.66M | 1.02B | 1.09B | 1.17B | 1.29B | 1.33B | 1.02B | 1.18B | 1.45B | 863.00M | 988.41M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 82.57M | 58.79M | 70.04M | 33.26M | 13.17M | 13.84M | -28.28M | -36.02M | -31.39M | -81.80M | -72.50M | -41.42M | |||||
| Net Debt | -136.51M | -161.92M | -117.36M | -85.95M | -149.70M | -153.45M | -172.72M | -161.99M | -90.56M | -170.75M | -224.17M | -171.22M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Institutional Ownership
Marcus & Millichap, Inc. (MMI) — SEC Financial Statements & Analysis
Marcus & Millichap, Inc. (MMI) is a real estate agents & managers (for others) company. Marcus & Millichap, Inc. trades on NYSE as: MMI. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Marcus & Millichap, Inc. reported a 9.77% year-over-year revenue growth, a Gross Profit Margin of 100.14% (TTM), a Debt-to-Equity ratio of 0.33x, a Price-to-Sales (P/S) ratio of 1.30x (TTM), a Price-to-Book (P/B) ratio of 1.79 (TTM), at a market cap of $1.02B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 9.77%
- Gross Profit Margin TTM
- 100.14%
- Debt To Equity
- 0.33x
- P/S TTM
- 1.30x
- P/B TTM
- 1.79
- Market Cap
- $1.02B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Marcus & Millichap, Inc. in?
Marcus & Millichap, Inc. (MMI) operates in the Real Estate Agents & Managers (For Others) industry.
What is MMI's market cap?
Marcus & Millichap, Inc. (MMI) has a market capitalization of $1.02B as of 2026-03-31.
What exchange does MMI trade on?
Marcus & Millichap, Inc. (MMI) trades on the NYSE.