Marcus & Millichap (MMI)

From the record

Marcus & Millichap's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Marcus & Millichap's 10 filed years say what it did: revenue went from $717 million in fiscal 2016 to $755 million in fiscal 2025, up 0.6% a year; it rose in 6 of 9 years; the deepest fall was 50% from fiscal 2022 to fiscal 2023; net income was positive in 7 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Marcus & Millichap's diluted share count shrank about 1.0% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Marcus & Millichap lost about 0 cents for every dollar of shareholders' money. Leverage: it owed about 27 cents per dollar of assets, and net share issuance: its share count grew 0.7% over the year (the filed statements).

From the record

Marcus & Millichap's standing among 17 graded names in its industry family: revenue of $755 million in fiscal 2025 ranks in the bottom 43% by size; a net margin of -0.3% ranks in the top 44%; revenue growth of -16.6% a year over the last 3 filed years ranks in the bottom 15% (its annual reports).

From the record

Marcus & Millichap's leadership, from its insiders' filings and its current reports: the chief executive on the record is Nadji, Hessam (Chief Executive Officer, as filed), filing under that title since 2016-06-15, 10.4 years (top 5% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 10.3 years (top 4%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 12%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Marcus & Millichap's room to grow, from the newest filed statements (fiscal 2025): cash of $162 million against no long-term debt tagged leaves 19.6% of its assets as net cash, top 50% of its family; cash from operations less capital spending is 7.8% of revenue (top 21%) (its annual report).

From the record

Marcus & Millichap's growth drivers, from the filed years to fiscal 2025: revenue grew -16.6% a year over the last three filed years against 0.6% over all 10, slowing (bottom 26% of its family); the newest year grew 8.5% (bottom 44%); capital spending grew -12.3% a year (bottom 37%) (its annual reports). Marcus & Millichap reported 3 product lines in fiscal 2025: Real Estate Brokerage Commissions at $633 million (84%), Financing Fees at $104 million (14%), Other Revenues at $19 million (3%); 2 of 3 grew against the year before (its annual report).

From the record

Marcus & Millichap's newest year against its own record: revenue of $755 million in fiscal 2025 came in 48.3% above the $509 million its prior three years' pace pointed to (top 3% of its family); net income of $2 million against a prior three-year average of $19 million (bottom 30%); a net margin of -0.3% against 0.3% before (bottom 37%) (its annual reports).