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Marcus & Millichap MMI Q4 2025 Annual earnings

Reported February 13, 2026 · Before market open

Revenue$244.0MBeat by $14.5M
EPS$0.34Beat by $0.13
Revenue estimate$229.5M
EPS estimate$0.22

Next report

Nov 6, 2026 (in 2 months)
Revenue estimate$205.1M
EPS estimate$0.11

Financials

Q4 2025

Income statement

See full
Revenue$244.0M+1.6%

Balance sheet

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Cash & equivalents$161.9M+5.5%
Total debt$78.3M-7.1%
Total equity$603.1M-4.4%
Total assets$827.2M-4.9%

Cash flow

See full
Operating cash flow$46.3M-18.3%
CapEx$2.4M+56.7%
Free cash flow$43.9M-20.4%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$1.06B-28.5%
Enterprise value$978.53M-30.9%
P/S1.4×-0.7×

Profitability

See full
FCF margin7.8%+5.8pp

Returns & leverage

See full
Debt / equity0.1×0.0×
Current ratio2.5×-0.5×

Segments

By product

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Real estate brokerage commissions$205.3M+1.2%
Financing fees$33.2M+6.5%
Other revenue$5.4M-10.6%

By segment

See full
Reportable Segment$244.0M+1.6%

FAQ

When did Marcus & Millichap report Q4 2025 earnings?
Marcus & Millichap (MMI) reported Q4 2025 earnings on February 13, 2026 before market open.
What were Marcus & Millichap's Q4 2025 revenue and EPS?
Marcus & Millichap reported revenue of $244.0M and eps of $0.34 for Q4 2025.
Did Marcus & Millichap beat estimates in Q4 2025?
Revenue beat the consensus estimate of $229.5M by $14.5M. EPS beat the consensus estimate of $0.21 by $0.13.
How did Marcus & Millichap's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.6% from $240.1M a year earlier and eps grew 54.5% from $0.22.
Where can I find Marcus & Millichap's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-007874) and the 10-K periodic report (0001628280-26-012419) directly on SEC EDGAR. The filing index links above go to sec.gov.