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AI brief of an SEC Form 8-K · Marcus & Millichap (MMI)

Marcus & Millichap Q3 revenue rises 4% to $168.5 million; net loss narrows

Positive Impact 3 of 5 earnings Written later

Marcus & Millichap reported third quarter 2024 results on November 8, 2024, with total revenue of $168.5 million, up 4.0% from $162.0 million a year earlier. The net loss narrowed to $5.4 million, or $0.14 per diluted share, from $9.2 million, or $0.24 per share, and adjusted EBITDA improved to approximately breakeven. The company said long-term interest rate volatility and pricing gaps between buyers and sellers will likely keep transaction timelines extended, and it did not give numeric guidance.

Key points

  • Q3 2024 total revenue of $168.5 million, up from $162.0 million; brokerage commissions rose to $142.0 million from $139.8 million
  • Q3 2024 net loss of $5.4 million, or $0.14 per diluted share, versus a net loss of $9.2 million, or $0.24 per share, in Q3 2023
  • Adjusted EBITDA increased by $6.6 million to approximately breakeven for the quarter
  • Nine-month revenue fell to $456.0 million from $479.7 million, and nine-month net loss was $20.9 million, or $0.54 per share; results are preliminary until the Form 10-Q is filed

The filing

CompanyMarcus & Millichap (MMI)
Form8-K, current report
Filed with the SECNov 7, 2024, 9:41 PM ET
Accession number0001578732-24-000050

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.