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.
Marcus & Millichap filings document a NYSE-listed commercial real estate services company whose revenue is generated through investment brokerage commissions, financing fees, and related research, advisory and consulting services. Form 8-K reports furnish quarterly and annual operating results, including brokerage revenue categories, financing fees, net income or loss, and adjusted EBITDA measures disclosed with earnings releases.
Proxy and shareholder-vote filings cover board elections, independent auditor ratification, annual meeting procedures and governance matters. The filing record also identifies the company's common stock, par value $0.0001 per share, traded under MMI on the New York Stock Exchange.
Marcus & Millichap, Inc. Chief Executive Officer Hessam Nadji reported routine equity compensation activity and gifts of shares. He exercised restricted stock units covering 81,115 shares of common stock, with 41,112 shares withheld at $26.43 per share to cover tax liabilities and 7,000 shares transferred as bona fide gifts. Following these transactions, he directly holds 305,427 shares of common stock.
Marcus & Millichap, Inc. EVP & COO Parker John David reported multiple stock-settlement transactions on March 10, 2026. He exercised or settled 24,201 restricted stock units, each converting into one share of common stock at a conversion price of $0.00 per share.
To cover withholding taxes on these RSU settlements, the issuer withheld a total of 12,140 shares of common stock at a price of $26.43 per share, reported under transaction code F. After these transactions, Parker directly owned 40,483 shares of Marcus & Millichap common stock, which includes 764 shares purchased under the company’s employee stock purchase plan.
Marcus & Millichap, Inc. Chief Accounting Officer Fabrice De Bosschere exercised restricted stock units into common shares on March 10, 2026. He converted 2,087 RSUs into common stock, with 778 shares withheld by the company to cover tax obligations based on a $26.43 share price, resulting in a net increase of 1,309 directly held shares and total direct ownership of 2,519 common shares.
Marcus & Millichap EVP and CFO Steven F. DeGennaro reported multiple compensation-related stock transactions involving restricted stock units (RSUs) on March 10, 2026. He exercised or settled RSUs that delivered a total of 16,140 shares of common stock at a conversion price of $0.00 per share.
To cover withholding tax on these RSU settlements, 6,255 shares of common stock were withheld by the company at a price of $26.43 per share, rather than sold in the open market. After these transactions, DeGennaro directly owned 39,497 shares of common stock, including 361 shares acquired through the employee stock purchase plan.
Marcus & Millichap, Inc. SVP & Chief Client Officer Gregory A. LaBerge reported the settlement of multiple restricted stock unit (RSU) awards on March 10, 2026. He exercised derivative RSU positions to receive a total of 9,697 shares of common stock, reflecting routine equity compensation vesting.
To cover related withholding taxes, 3,466 shares were disposed of at a price of $26.43 per share, with no open-market sales. Following these transactions, LaBerge holds 6,231 shares of common stock directly and 9,073 shares indirectly through a trust, indicating he retained a meaningful equity stake.
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.