Marcus & Millichap Q1 revenue rises 18.2% to $171.5 million; net loss narrows
Marcus & Millichap reported first quarter 2026 total revenue of $171.5 million, up 18.2% from $145.0 million, and a net loss of $3.1 million, or $0.08 per diluted share, versus a net loss of $4.4 million, or $0.11 per share, a year earlier. The company said the results are preliminary because it has not yet filed its Form 10-Q, and it expects near-term challenges in the commercial real estate transaction market to extend through 2026.
Key points
- Total revenue $171.5 million, up 18.2% from $145.0 million in Q1 2025
- Net loss $3.1 million ($0.08 per diluted share) vs. $4.4 million ($0.11) in Q1 2025
- Board approved an additional $70 million for share repurchases on April 30, 2026; about $90 million now available
- Results are preliminary and subject to change until the Form 10-Q is filed
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits 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 May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.