The financials
Marcus & Millichap, Inc. by the numbers
Marcus & Millichap, Inc. (MMI) reported revenue of $171M in Q1 2026 (quarter ended March 31, 2026), up 18% from the same quarter a year earlier. That came with net loss of $3.1M. For the full year FY2025, revenue was $755M (+8.5% year on year) and net income −$1.9M. Its largest product in 2026-Q1 was Real Estate Brokerage Commissions at $138M, 81% of the disclosed total, just ahead of Financing Fees at 16%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $171M | $145M | +18% |
| Operating income | −$5.8M | −$18M | n/a |
| Net income | −$3.1M | −$4.4M | n/a |
| Diluted EPS | −$0.08 | −$0.11 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Real Estate Brokerage Commissions | $138M | 81% |
| Financing Fees | $27M | 16% |
| Other | $6.5M | 3.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $171.5M (-12%)
Other grew +98% year on yearReal Estate Brokerage Commissions +12% year on year
Segment Latestquarter on quarteryear on year
- Real Estate Brokerage Commissions$138.1M$138.1MQoQ -15%year on year +12%-15%+12%
- Financing Fees$26.8M$26.8MQoQ +2.1%year on year +48%+2.1%+48%
- Other$6.5M$6.5MQoQ +20%year on year +98%+20%+98%