Marcus & Millichap Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	630.03	589.7	559.75	1,170	1,171	633.16
Other Revenue	121.25	106.37	86.18	131.4	125.47	83.74
Revenue	751.28	696.06	645.93	1,302	1,296	716.91
Revenue Growth (YoY)	20.74%	7.76%	-50.38%	0.41%	80.84%	-11.10%
Cost of Revenue	467.73	431.47	406.65	850.89	840.21	447.88
Gross Profit	283.55	264.59	239.28	450.82	456.23	269.03
Selling, General & Admin	290.69	280.87	285.04	300.01	255.15	204.51
Operating Expenses	304.73	297.46	298.67	313.42	266.88	215.41
Operating Income	-21.17	-32.87	-59.38	137.4	189.36	53.61
Interest Expense	-0.79	-0.81	-0.89	-0.71	-0.58	-0.9
Interest & Investment Income	16.81	18.98	18.19	7.86	2.28	4.86
Other Non Operating Income (Expenses)	1.69	1.71	1.86	-2.61	2.03	1.6
EBT Excluding Unusual Items	-3.46	-12.99	-40.23	141.94	193.08	59.17
Gain (Loss) on Sale of Investments	0.01	-	-0.19	0.09	0.22	0.19
Other Unusual Items	-1.25	-0.04	0.02	-	-	-
Pretax Income	-4.7	-13.03	-40.4	142.03	193.3	59.36
Income Tax Expense	1.97	-0.67	-6.37	37.8	50.83	16.53
Net Income	-6.67	-12.36	-34.04	104.23	142.47	42.84
Net Income to Common	-6.67	-12.36	-34.04	104.23	142.47	42.84
Net Income Growth	-	-	-	-26.84%	232.58%	-44.32%
Shares Outstanding (Basic)	39	39	39	40	40	40
Shares Outstanding (Diluted)	39	39	39	40	40	40
Shares Change (YoY)	0.95%	0.05%	-3.80%	-0.00%	1.14%	0.47%
EPS (Basic)	-0.17	-0.32	-0.88	2.61	3.57	1.08
EPS (Diluted)	-0.17	-0.32	-0.88	2.59	3.55	1.08
EPS Growth	-	-	-	-26.88%	228.92%	-44.72%
Free Cash Flow	70.04	13.84	-81.8	1.96	249.05	31.14
Free Cash Flow Per Share	1.80	0.36	-2.12	0.05	6.20	0.78
Dividend Per Share	0.500	0.500	0.500	0.500	-	-
Gross Margin	37.74%	38.01%	37.05%	34.63%	35.19%	37.53%
Operating Margin	-2.82%	-4.72%	-9.19%	10.55%	14.61%	7.48%
Profit Margin	-0.89%	-1.78%	-5.27%	8.01%	10.99%	5.97%
Free Cash Flow Margin	9.32%	1.99%	-12.66%	0.15%	19.21%	4.34%
EBITDA	-10.54	-19.68	-45.76	150.81	201.08	64.51
EBITDA Margin	-1.40%	-2.83%	-7.08%	11.58%	15.51%	9.00%
D&A For EBITDA	10.63	13.19	13.63	13.41	11.72	10.9
EBIT	-21.17	-32.87	-59.38	137.4	189.36	53.61
EBIT Margin	-2.82%	-4.72%	-9.19%	10.55%	14.61%	7.48%
Effective Tax Rate	-	-	-	26.62%	26.30%	27.84%
Revenue as Reported	751.28	696.06	645.93	1,302	1,296	716.91
Advertising Expenses	-	-	-	-	0.83	0.59

Updated Nov 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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