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Marcus & Millichap MMI Q2 2025 earnings

Reported August 7, 2025 · Before market open

Revenue$172.3MMiss by $13.9M
EPS-$0.28Miss by $0.26
Revenue estimate$186.2M
EPS estimate-$0.02

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$194.3M
EPS estimate$0.03

Financials

Q2 2025

Income statement

See full
Revenue$172.3M+8.8%
Operating income-$9.0M-12.4%
Net income-$11.0M-99.3%
EPS (diluted)-$0.28-100%

Balance sheet

See full
Cash & equivalents$86.0M-46.9%
Total debt$82.4M-6.8%
Total equity$607.8M-3.0%
Total assets$792.2M-4.0%

Cash flow

See full
Operating cash flow$21.0M—
CapEx$1.7M+4.6%
Free cash flow$19.3M+2,493%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$1.21B-0.3%
Enterprise value$1.2B+5.8%
P/S1.7×-0.3×

Profitability

See full
FCF margin4.6%—

Returns & leverage

See full
Debt / equity0.1×0.0×
Current ratio3.5×-0.2×

Segments

By product

See full
Real estate brokerage commissions$141.4M+4.4%
Financing fees$26.3M+43.5%
Other revenue$4.6M-1.1%

By segment

See full
Reportable Segment$172.3M+8.8%

Versus estimates

Revenue

Q1 2026$171.5MBeat by $9.3MQ4 2025$244.0MBeat by $14.5MQ3 2025$193.9MMiss by $45.8M
Q2 2025$172.3MMiss by $13.9M
Q1 2025$145.0MMiss by $27.6MQ4 2024$240.1MBeat by $40.3M

Diluted EPS

Q1 2026-$0.08In lineQ4 2025$0.34Beat by $0.13Q3 2025$0.09Miss by $0.15
Q2 2025-$0.28Miss by $0.26
Q1 2025-$0.11Beat by $0.05Q4 2024$0.22Beat by $0.28

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Questions, answered.

When did Marcus & Millichap report Q2 2025 earnings?
Marcus & Millichap (MMI) reported Q2 2025 earnings on August 7, 2025 before market open.
What were Marcus & Millichap's Q2 2025 revenue and EPS?
Marcus & Millichap reported revenue of $172.3M and eps of $-0.28 for Q2 2025.
Did Marcus & Millichap beat estimates in Q2 2025?
Revenue missed the consensus estimate of $186.2M by $13.9M. EPS missed the consensus estimate of $-0.02 by $0.26.
How did Marcus & Millichap's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.8% from $158.4M a year earlier and eps declined 100.0% from $-0.14.
Where can I find Marcus & Millichap's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001578732-25-000040) directly on SEC EDGAR. The filing index links above go to sec.gov.