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Marcus & Millichap MMI Cost of Services

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Segments

By product

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Cost of services$103.64M+17.3%

Other financials

Income statement

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Revenue$171.5M+18.2%
Operating income-$5.8M+67.4%
Net income-$3.1M+29.9%
EPS (diluted)-$0.08+27.3%

Balance sheet

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Cash & equivalents$136.5M-8.8%
Total debt$75.0M-10.6%
Total equity$569.1M-7.9%
Total assets$755.0M-5.9%

Cash flow

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Operating cash flow-$27.6M+47.8%
CapEx$3.0M+99.5%
Free cash flow-$30.5M+43.8%

Valuation

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Market cap$1.12B-6.3%
Enterprise value$1.06B-6.3%
P/S1.4×-0.2×

Profitability

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Gross margin38.1%
Operating margin-9.1%+59.1pp
Net margin-5%-19.8pp
FCF margin10.6%+8.7pp

Returns & leverage

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Return on equity-4.9%-44.5pp
Debt / equity0.1×0.0×
Current ratio2.6×-1.1×

Where this comes from

Reported directly by Marcus & Millichap in its filing.

Tagged under the XBRL concept mmi:ServicesCost.

The official record: Marcus & Millichap’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marcus & Millichap's cost of services?
Marcus & Millichap (MMI) reported cost of services of $103.64M in Q1 2026.
How has Marcus & Millichap's cost of services changed year-over-year?
Marcus & Millichap's cost of services increased by 17.3% year-over-year, from $88.35M to $103.64M.
What is the long-term trend for Marcus & Millichap's cost of services?
Over 4 years (2021 to 2025), Marcus & Millichap's cost of services has grown at a -13.5% compound annual growth rate (CAGR), from $840.21M to $470.49M.
What does cost of services mean?
This metric represents the direct costs incurred to generate revenue from brokerage, financing, and advisory services, primarily consisting of commissions paid to investment professionals. It serves as a key indicator of the variable cost structure inherent in the company's transaction-based business model. Monitoring this figure helps investors assess the company's ability to manage direct compensation expenses relative to fluctuations in transaction volume and market activity.