Marcus & Millichap Q1 FY26 net loss narrows to $3.1 million; revenue rises 18.2% to $171.5 million

Marcus & Millichap, Inc.

Marcus & Millichap, Inc.

MMI

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  • Marcus & Millichap posted first-quarter 2026 revenue of $171.5 million, up 18.2% year over year, as net loss narrowed to $3.1 million, or $0.08 per diluted share.
  • Brokerage commissions rose 11.7% to $138.1 million, while financing fees jumped 48.1% to $26.8 million.
  • Pre-tax loss improved to $2.2 million from a $13.9 million loss a year earlier, while adjusted EBITDA swung to $2.9 million from $(8.7) million.
  • Management cited broad-based growth, with Private Client revenue up 13.4% to $88.1 million and Middle Market and Larger Transaction Market revenue rising 9.2% to $44.6 million.
  • Board added $70 million to stock repurchase authorization, leaving about $90 million available after repurchases through May 4, 2026, while outlook pointed to near-term transaction-market challenges extending through 2026.


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