Marcus & Millichap, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $755.2M | $696.1M | $645.9M | $1.3B | $1.3B |
| Selling, general & administrative | $286.3M | $280.9M | $285.0M | $300.0M | $255.2M |
| Operating expenses | $768.9M | $729.0M | $705.3M | $1.2B | $1.1B |
| Operating income | -$13.7M | -$32.9M | -$59.4M | $137.4M | $189.4M |
| Interest expense | $773,000 | $812,000 | $888,000 | $708,000 | $580,000 |
| Pretax income | $3.0M | -$13.0M | -$40.4M | $142.0M | $193.3M |
| Income tax expense | $4.9M | -$666,000 | -$6.4M | $37.8M | $50.8M |
| Net income | -$1.9M | -$12.4M | -$34.0M | $104.2M | $142.5M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | — | $235.9M | $382.1M |
| Current assets | $309.2M | $410.3M | $393.7M | $527.1M | $608.1M |
| Total assets | $827.2M | $869.8M | $878.4M | $1.0B | $1.0B |
| Current liabilities | $121.4M | $133.0M | $105.3M | $152.0M | $225.6M |
| Total liabilities | $224.1M | $239.0M | $233.1M | $290.2M | $348.9M |
| Stockholders' equity | $603.1M | $630.8M | $645.3M | $713.5M | $696.3M |
| Cash Flow Statement | |||||
| Cash from operations | $66.7M | $21.7M | -$72.4M | $13.6M | $255.9M |
| Depreciation and amortization | $10.0M | $9.4M | $8.9M | $7.5M | $7.3M |
| Stock-based compensation | $24.2M | $23.8M | $24.1M | $17.3M | $10.4M |
| Capital expenditure | $7.9M | $7.9M | $9.4M | $11.7M | $6.9M |
| Free cash flow | $58.8M | $13.8M | -$81.8M | $2.0M | $249.0M |
| Dividends paid | $20.6M | $20.2M | $20.1M | $60.4M | $0 |
| Share repurchases | $25.4M | $785,000 | $39.4M | $29.1M | $0 |
| Impairments | $0 | $0 | — | — | $0 |
Shares outstanding 37.8M · Free float 18.6%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.