Welcome to our dedicated page for Marcus & Millichap SEC filings (Ticker: MMI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Marcus & Millichap, Inc. (NYSE: MMI), a national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services. These filings offer detailed information on the company’s operations, financial performance and material events.
Marcus & Millichap’s annual reports on Form 10-K and quarterly reports on Form 10-Q typically present comprehensive data on revenue from real estate brokerage commissions, financing fees and other advisory services, along with transaction volumes, operating expenses and segment information such as activity in the Private Client Market and the Middle Market and Larger Transaction Market. These reports also discuss risk factors and trends affecting commercial real estate transaction activity.
The company files current reports on Form 8-K to announce material events, including the release of quarterly financial results. For example, Marcus & Millichap has used Form 8-K to furnish press releases detailing revenue growth, changes in brokerage and financing activity, net income or loss, adjusted EBITDA and commentary on market conditions and business outlook.
Investors can also use this page to monitor capital allocation disclosures, such as information on share repurchase programs and dividends, which are often discussed in earnings-related filings and accompanying exhibits. Together, these documents help explain how Marcus & Millichap responds to commercial real estate market dynamics and manages its financial position.
Stock Titan enhances access to these filings with AI-powered summaries that highlight key points from lengthy documents, helping readers quickly understand revenue drivers, expense trends and management’s commentary. Real-time updates from EDGAR, combined with structured views of forms such as 10-K, 10-Q and 8-K, allow users to follow regulatory disclosures related to MMI efficiently.
DeGennaro Steven F. reported acquisition or exercise transactions in this Form 4 filing.
Marcus & Millichap EVP and CFO Steven F. DeGennaro received equity-based compensation in the form of restricted stock units. On February 6, 2025, he was granted 5,319 and 5,270 restricted stock units, for a total of 10,589 units. Each unit represents a contingent right to receive one share of the company’s common stock. The restricted stock units vest in four equal annual installments beginning on March 10, 2026, aligning his compensation with long-term shareholder interests.
Marcus & Millichap, Inc. is a national commercial real estate services firm focused on investment sales, financing, research and advisory work, with particular strength in the $1 million to $10 million private client market. As of December 31, 2025, it had 1,808 investment sales and financing professionals across more than 80 offices in the U.S. and Canada and 38,234,466 common shares outstanding.
In 2025, the company closed 8,818 transactions with approximately $50.8 billion in sales volume. About 84% of revenue came from brokerage commissions, 14% from financing fees and 2% from other services, with roughly 64% of brokerage commissions generated in the private client segment. The workforce included 854 employees, and the professional base grew 5.6% year over year, reflecting investment in recruiting and training.
The 10‑K highlights that commercial real estate markets have been pressured by inflation, interest rate volatility and tighter capital availability, leading to a significant revenue decline in 2023 and 2024 versus 2022 and ongoing operating losses despite a revenue rebound in 2025. Revenue is also seasonal, skewed to the second half, and geographically concentrated, with about 27% generated in California, exposing results to regional economic and regulatory shifts. Extensive risk disclosures address macroeconomic cycles, hybrid work’s impact on office demand, competition for talent, cybersecurity, regulatory complexity and reliance on transaction-based fees.
Marcus & Millichap, Inc. reported preliminary fourth-quarter and full-year 2025 results, showing higher revenue and significantly better profitability despite a still-challenging commercial real estate market. Fourth-quarter 2025 revenue was $244.0 million, up 1.6% year over year, with diluted earnings per share of $0.34, a 57.0% increase versus the prior-year quarter.
For full year 2025, revenue reached $755.2 million, up 8.5% from 2024. The company recorded a small net loss of $1.9 million, or $0.05 per diluted share, versus a $12.4 million loss a year earlier, while Adjusted EBITDA rose to $24.6 million from $9.4 million. Private Client Market brokerage revenue grew 11.1% for the year, and financing fees increased 23.0%, partially offsetting weakness in larger transactions.
The company ended 2025 with 1,808 investment sales and financing professionals and executed its capital return program by paying $20.4 million in regular dividends and repurchasing 933,115 shares for $26.9 million. Management highlighted cost controls, efficiency initiatives, and improving investor sentiment, while cautioning about ongoing macroeconomic and geopolitical uncertainties.
Marcus & Millichap, Inc. executive Gregory A. LaBerge received an equity award of 4,546 restricted stock units on February 10, 2026. LaBerge is the company’s SVP & Chief Client Officer. Each restricted stock unit represents a contingent right to receive one share of Marcus & Millichap common stock.
The 4,546 restricted stock units were granted at a price of $0. They vest in four equal annual installments beginning March 10, 2027, and are held directly by LaBerge. This award increases his beneficial holdings of derivative equity in the company.
Marcus & Millichap, Inc. reported that Chief Executive Officer and director Hessam Nadji acquired 46,000 restricted stock units on February 10, 2026. Each unit represents a contingent right to receive one share of the company’s common stock.
The 46,000 restricted stock units vest in four equal annual installments beginning on March 10, 2027, providing a multi‑year equity incentive. Following this grant, Nadji directly holds 46,000 derivative securities tied to Marcus & Millichap common stock.
Marcus & Millichap EVP & COO John David Parker reported an equity award of 19,218 restricted stock units on the company’s stock. The grant was made on February 10, 2026 and is held as a derivative security directly in his name.
Each restricted stock unit represents the right to receive one share of Marcus & Millichap common stock in the future. The award vests in four equal annual installments beginning on March 10, 2027, meaning the units convert into shares over time as service-based conditions are met.
Marcus & Millichap, Inc. granted Chief Accounting Officer Fabrice De Bosschere 422 restricted stock units on February 10, 2026. Each unit represents a right to receive one share of common stock. The units vest in five equal annual installments beginning March 10, 2027, and are held directly.
Marcus & Millichap EVP and CFO Steven F. DeGennaro reported an equity award of 16,026 restricted stock units. The units were granted on February 10, 2026 at a price of $0 per unit, reflecting compensation rather than an open-market purchase. Each unit represents one share of common stock and vests in four equal annual installments beginning March 10, 2027, linking a portion of his future compensation to the company’s long-term share performance.
Reinhart Partners, LLC filed an amended Schedule 13G stating that it now beneficially owns 0 shares of Marcus & Millichap, Inc. common stock, representing 0% of the class as of 03/31/2025.
The filer reports no sole or shared power to vote or dispose of any Marcus & Millichap shares and indicates ownership of 5 percent or less of the class. It also certifies that any securities referenced were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Marcus & Millichap, Inc. reported an equity compensation award to its Executive Vice President and Chief Operating Officer, John David Parker. On July 31, 2025, Parker received 11,232 restricted stock units (RSUs), each representing a contingent right to receive one share of the company’s common stock. The RSUs were granted at a price of $0 as part of his compensation and are held directly.
The RSUs will vest in four equal annual installments beginning August 10, 2026, meaning Parker will receive one-quarter of the shares each year over a four-year period as long as the vesting conditions are satisfied. This filing shows a standard, time-based stock award designed to align the executive’s interests with long-term company performance.