Marcus & Millichap, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $755.2M | $696.1M | $645.9M | $1.3B | $1.3B |
| Operating income | -$13.7M | -$32.9M | -$59.4M | $137.4M | $189.4M |
| Operating expenses | $768.9M | $729.0M | $705.3M | $1.2B | $1.1B |
| Cash from operations | $66.7M | $21.7M | -$72.4M | $13.6M | $255.9M |
| 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 |
| Share repurchases | $25.4M | $785,000 | $39.4M | $29.1M | $0 |
| Impairments | $0 | $0 | — | — | $0 |
| Total assets | $827.2M | $869.8M | $878.4M | $1.0B | $1.0B |
| Total liabilities | $224.1M | $239.0M | $233.1M | $290.2M | $348.9M |
Shares outstanding 37.8M · Free float 18.6%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.