Every material Form 8-K Marcus & Millichap filed with the SEC in 2025, 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 2025 revenue of $193.9 million, up 15.1% from a year earlier, and net income of $0.2 million, or $0.01 per diluted share, compared with a net loss of $5.4 million a year earlier. The result includes a $0.08 per share litigation accrual, and the company says its financial results are preliminary until it files its Form 10-Q.
Total revenue of $193.9 million, up 15.1% from $168.5 million in Q3 2024
Net income of $0.2 million, or $0.01 per diluted share, versus a net loss of $5.4 million, or $0.14 per share, a year earlier; includes a $0.08 per share litigation accrual
Nine-month net loss narrowed to $15.2 million, or $0.39 per diluted share, from $20.9 million, or $0.54 per share
About $59.0 million remained available under the share repurchase program after repurchases through November 4, 2025
Marcus & Millichap reported second quarter 2025 total revenue of $172.3 million, up 8.8% from a year earlier, but a net loss of $11.0 million, or $0.28 per diluted share, compared with a net loss of $5.5 million, or $0.14 per share, in the second quarter of 2024. The loss was widened by a $7.3 million income tax provision, primarily related to a change in tax methodology, and the company said the quarterly results are preliminary because its Form 10-Q has not yet been filed.
Total revenue was $172.3 million versus $158.4 million; brokerage commissions rose 4.4% to $141.4 million and financing fees rose 43.5% to $26.3 million.
Net loss was $11.0 million, or $0.28 per diluted share, versus a net loss of $5.5 million, or $0.14 per share, a year earlier.
The $7.3 million tax provision, primarily tied to a change in tax methodology, accounted for $0.19 of the diluted loss per share.
Middle Market and Larger Transaction Market brokerage revenue fell 6.6%; the Board declared a $0.25 per share dividend payable October 6, 2025.
Marcus & Millichap disclosed an employment agreement with Richard Matricaria, who was named Senior Vice President and Chief Growth Officer effective May 1, 2025, after serving as Chief Operating Officer, Western Division. The agreement sets a $400,000 base salary and a $600,000 bonus target, and it is retroactively effective to May 1, 2025. The filing is a routine executive compensation disclosure and does not report financial results or guidance.
Employment agreement dated June 5, 2025 with Richard Matricaria, effective retroactively to May 1, 2025
Annual base salary of $400,000 and discretionary cash bonus target of $600,000
Eligible for equity grants of up to 50% of the annual bonus amount and a relocation allowance of up to $75,000
Marcus & Millichap reported first-quarter 2025 revenue of $145.0 million, up 12.3% from a year earlier, and a net loss of $4.4 million, or $0.11 per diluted share, compared with a $10.0 million loss, or $0.26 per share, in the first quarter of 2024. The company said near-term market challenges are expected to extend through 2025, and it has not yet filed its quarterly report on Form 10-Q, so the results are preliminary. At its May 1 annual meeting, stockholders re-elected three directors and approved executive compensation, and the company will hold a say-on-pay vote every year.
Revenue rose to $145.0 million from $129.1 million; real estate brokerage commissions rose 12.9% to $123.6 million.
Net loss narrowed to $4.4 million ($0.11 per diluted share) from $10.0 million ($0.26 per diluted share).
Total operating expenses rose to $162.7 million from $149.2 million, and the operating loss narrowed to $17.7 million from $20.1 million.
At the May 1, 2025 annual meeting, George M. Marcus, George T. Shaheen and Don C. Watters were re-elected to terms ending in 2028, and Ernst & Young LLP was ratified as auditor for 2025.
Marcus & Millichap announced a management reorganization effective April 29, 2025, promoting John David Parker to Executive Vice President and Chief Operating Officer overseeing all brokerage operations. Richard Matricaria moves to Senior Vice President and Chief Growth Officer and will no longer be an executive officer, and Greg LaBerge becomes Senior Vice President, Chief Client Officer effective May 1, 2025. The filing does not report financial results or a change to guidance, so its direct financial effect on shareholders is not stated.
John David Parker promoted to Executive Vice President and Chief Operating Officer, overseeing all brokerage operations, effective April 29, 2025
Richard Matricaria named Senior Vice President and Chief Growth Officer; he will no longer be an executive officer in this role
Greg LaBerge moves from Chief Administrative Officer to Senior Vice President, Chief Client Officer, effective May 1, 2025, overseeing specialty divisions
Marcus & Millichap said its Chief Accounting Officer, Kurt Schwarz, is retiring, effective March 24, 2025, and will remain an employee until April 18, 2025. The company said his departure is not related to any financial or accounting operations, policies or practices, and that there were no disagreements with the company. Fabrice De Bosschère, the company's First Vice President and Corporate Controller, was appointed acting Chief Accounting Officer effective March 25, 2025, pending formal board appointment effective May 1, 2025.
Kurt Schwarz resigned as Chief Accounting Officer and Principal Accounting Officer, effective March 24, 2025.
Fabrice De Bosschère, 48, has been First Vice President, Corporate Controller since January 2022.
De Bosschère will receive an annual base salary of $300,000 and a target annual cash bonus of $125,000.
Board formal appointment of De Bosschère is effective May 1, 2025.
Marcus & Millichap reported fourth quarter 2024 revenue of $240.1 million, up 44.4% from $166.2 million a year earlier, and net income of $8.5 million, or $0.22 per diluted share, compared with a net loss of $10.2 million in the prior-year quarter. For full year 2024, revenue rose 7.8% to $696.1 million and the net loss narrowed to $12.4 million from $34.0 million, but the company said its results are preliminary until it files its Form 10-K.
Q4 2024 total revenue was $240.1 million versus $166.2 million; brokerage commissions were $202.8 million versus $144.6 million.
Full year 2024 net loss was $12.4 million, or $0.32 per diluted share, compared with a net loss of $34.0 million, or $0.88, in 2023.
Management said near-term challenges are expected to extend through the first half of 2025, with about $70.5 million remaining under the share repurchase program.
The company has not yet filed its Form 10-K for 2024, so all reported results are subject to change.
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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 →