Marcus & Millichap, Inc. filed its quarterly report on Form 10-Q with the SEC on November 6, 2026, covering the three and nine months ended September 30, 2026.

Key Highlights

  • Total revenue of $208.4 million for the three months ended September 30, 2026, up from $193.9 million in the same period of 2025, according to the filing.
  • Net income of $1.007 million for the third quarter of 2026, compared with net income of $240 thousand in the third quarter of 2025, as reported in the condensed consolidated statements of operations.
  • Nine-month net income of $1.816 million versus a net loss of $15.217 million for the nine months ended September 30, 2025, the filing disclosed.
  • Real estate brokerage commissions totaled $174.105 million for the quarter and $479.219 million for the nine-month period, per the filing.
  • Total assets of $785.225 million as of September 30, 2026, down from $827.180 million at December 31, 2025, according to the balance sheet.
  • 37,951,698 shares of common stock issued and outstanding as of November 3, 2026, the filing stated.
  • Operating loss of $906 thousand for the third quarter of 2026, an improvement from the operating loss of $2.374 million in the year-earlier quarter.

Marcus & Millichap Reports Third-Quarter 2026 Financial Results

Marcus & Millichap, Inc. (NYSE:MMI), a real estate brokerage firm based in Calabasas, California, reported total revenue of $208.368 million for the three months ended September 30, 2026, compared with $193.892 million for the same quarter in 2025, according to its Form 10-Q filed November 6, 2026. Revenue components for the quarter included real estate brokerage commissions of $174.105 million, financing fees of $26.980 million, and other revenue of $7.283 million, the filing disclosed.

The company reported a third-quarter operating loss of $906 thousand on total operating expenses of $209.274 million. Cost of services for the quarter was $133.452 million and selling, general and administrative expenses were $73.517 million, per the filing. Other income, net, of $3.656 million and interest expense of $155 thousand yielded income before provision for income taxes of $2.595 million, resulting in net income of $1.007 million, or $0.03 per basic and diluted share, the filing stated.

For the nine months ended September 30, 2026, the company reported total revenue of $582.750 million and net income of $1.816 million, compared with total revenue of $511.206 million and a net loss of $15.217 million for the nine months ended September 30, 2025. The balance sheet as of September 30, 2026 showed total assets of $785.225 million, total liabilities of $211.173 million, and total stockholders' equity of $574.052 million, according to the filing. Cash, cash equivalents, and restricted cash stood at $189.223 million at September 30, 2026, versus $161.921 million at December 31, 2025. Retained earnings were $367.698 million at quarter end, down from $409.753 million at December 31, 2025, the filing noted.

What Was Disclosed

Marcus & Millichap filed its Form 10-Q for the quarter ended September 30, 2026, reporting improved revenue and a return to net income year over year, with total assets of $785.225 million and 37,951,698 shares outstanding as of November 3, 2026.