Every material Form 8-K Marcus & Millichap filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
Marcus & Millichap reported second-quarter 2024 results, with total revenue down 2.8% to $158.4 million while its net loss narrowed to $5.5 million from $8.7 million a year earlier. The company said these results are preliminary until it files its Form 10-Q, and it declared a semi-annual dividend of $0.25 per share, or about $10.2 million.
Q2 2024 total revenue was $158.4 million, down from $162.9 million, a decrease of 2.8%.
Net loss was $5.5 million, or $0.14 per diluted share, versus $8.7 million, or $0.23 per diluted share, a year earlier.
Real estate brokerage commissions fell 3.5% to $135.4 million, as total sales volume decreased 4.9%.
The Board declared a $0.25 per share dividend on August 1, 2024, payable October 4, 2024, with about $71.0 million left under the repurchase program.
Marcus & Millichap reported first-quarter 2024 total revenue of $129.1 million, down 16.6% from $154.8 million a year earlier, and a net loss of $10.0 million, or $0.26 per diluted share, compared with a net loss of $5.8 million, or $0.15 per share. The company attributed the decline to fewer transactions in a challenging market, and it has not yet filed its Form 10-Q, so the results are preliminary.
Brokerage commissions fell 18.9% to $109.5 million, primarily on a 13.8% decrease in the number of transactions.
Net loss was $10.0 million, or $0.26 per diluted share, versus $5.8 million, or $0.15 per diluted share, in the first quarter of 2023.
Adjusted EBITDA was $(10.1) million, compared with $(7.4) million a year earlier.
At the May 2, 2024 annual meeting, the say-on-pay proposal passed with 25,888,652 votes for and 10,534,106 against.
Marcus & Millichap reported a fourth-quarter 2023 net loss of $10.2 million, or $0.27 per diluted share, compared with net income of $7.9 million a year earlier, as total revenue fell 36.7% to $166.2 million. For the full year, the company posted a net loss of $34.0 million, or $0.88 per diluted share, against net income of $104.2 million in 2022, and management said the near-term challenges are expected to extend through the first half of 2024.
Q4 2023 total revenue was $166.2 million, down from $262.4 million; brokerage commissions fell 38.7% to $144.6 million.
Full-year 2023 revenue was $645.9 million, down 50.4% from $1,301.7 million, and adjusted EBITDA was $(19.6) million versus $165.5 million in 2022.
In 2023 the company paid $20.4 million in dividends and repurchased shares for $38.9 million, leaving about $71.5 million available under its repurchase program.
The filing says results are preliminary until the Form 10-K is filed, and the company has not yet filed that report.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Marcus & Millichap filing is on SEC EDGAR ↗. 8-K briefs of other companies →