Marcus & Millichap Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	632.52	589.7	559.75	1,170	1,171
Other Revenue	122.64	106.37	86.18	131.4	125.47
Revenue	755.16	696.06	645.93	1,302	1,296
Revenue Growth (YoY)	8.49%	7.76%	-50.38%	0.41%	80.84%
Cost of Revenue	470.49	431.47	406.65	850.89	840.21
Gross Profit	284.67	264.59	239.28	450.82	456.23
Selling, General & Admin	286.28	280.87	285.04	300.01	255.15
Operating Expenses	298.38	297.46	298.67	313.42	266.88
Operating Income	-13.71	-32.87	-59.38	137.4	189.36
Interest Expense	-0.77	-0.81	-0.89	-0.71	-0.58
Interest & Investment Income	-	18.98	18.19	7.86	2.28
Other Non Operating Income (Expenses)	17.5	1.71	1.86	-2.61	2.03
EBT Excluding Unusual Items	3.02	-12.99	-40.23	141.94	193.08
Gain (Loss) on Sale of Investments	-	-	-0.19	0.09	0.22
Other Unusual Items	-	-0.04	0.02	-	-
Pretax Income	3.02	-13.03	-40.4	142.03	193.3
Income Tax Expense	4.93	-0.67	-6.37	37.8	50.83
Net Income	-1.91	-12.36	-34.04	104.23	142.47
Net Income to Common	-1.91	-12.36	-34.04	104.23	142.47
Net Income Growth	-	-	-	-26.84%	232.58%
Shares Outstanding (Basic)	39	39	39	40	40
Shares Outstanding (Diluted)	39	39	39	40	40
Shares Change (YoY)	0.69%	0.05%	-3.80%	-0.00%	1.14%
EPS (Basic)	-0.05	-0.32	-0.88	2.61	3.57
EPS (Diluted)	-0.05	-0.32	-0.88	2.59	3.55
EPS Growth	-	-	-	-26.88%	228.92%
Free Cash Flow	-	13.84	-81.8	1.96	249.05
Free Cash Flow Per Share	-	0.36	-2.12	0.05	6.20
Dividend Per Share	0.500	0.500	0.500	0.500	-
Gross Margin	37.70%	38.01%	37.05%	34.63%	35.19%
Operating Margin	-1.82%	-4.72%	-9.19%	10.55%	14.61%
Profit Margin	-0.25%	-1.78%	-5.27%	8.01%	10.99%
Free Cash Flow Margin	-	1.99%	-12.66%	0.15%	19.21%
EBITDA	-2.05	-19.68	-45.76	150.81	201.08
EBITDA Margin	-0.27%	-2.83%	-7.08%	11.58%	15.51%
D&A For EBITDA	11.66	13.19	13.63	13.41	11.72
EBIT	-13.71	-32.87	-59.38	137.4	189.36
EBIT Margin	-1.82%	-4.72%	-9.19%	10.55%	14.61%
Effective Tax Rate	163.21%	-	-	26.62%	26.30%
Revenue as Reported	755.16	696.06	645.93	1,302	1,296
Advertising Expenses	-	-	-	-	0.83

Source: S&P Global Market Intelligence. Standard template. Financial Sources.