Marcus & Millichap, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Marcus & Millichap, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $237.91M | Mar 2, 2020 |
| FY2019 | Sep 30, 2019 | $198.22M | Mar 2, 2020 |
| FY2019 | Jun 30, 2019 | $209.59M | Mar 2, 2020 |
| FY2019 | Mar 31, 2019 | $160.71M | Mar 2, 2020 |
| FY2019 | Dec 31, 2018 | $230.28M | Mar 2, 2020 |
| FY2019 | Sep 30, 2018 | $210.59M | Mar 2, 2020 |
| FY2019 | Jun 30, 2018 | $199.40M | Mar 2, 2020 |
| FY2019 | Mar 31, 2018 | $174.54M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | $202.78M | Mar 1, 2019 |
| FY2018 | Sep 30, 2017 | $183.34M | Mar 1, 2019 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $755.16M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $696.06M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $645.93M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $1.30B | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $1.30B | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | $250.21M | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | $158.58M | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | $117.40M | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | $190.72M | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | $237.91M | Mar 1, 2021 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($1.91M) | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | ($12.36M) | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | ($34.04M) | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $104.23M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $142.47M | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | $23.62M | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | $6.04M | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | $106.0K | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | $13.07M | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | $20.72M | Mar 1, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($13.71M) | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | ($32.91M) | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | ($59.37M) | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $137.40M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $189.36M | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | $30.05M | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | $6.54M | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | ($2.61M) | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | $19.64M | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | $27.10M | Mar 1, 2021 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $286.28M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $280.91M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $285.02M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $300.01M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $255.15M | Feb 27, 2024 |
| FY2022 | Dec 31, 2020 | $204.51M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $203.11M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $193.35M | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $171.65M | Mar 2, 2020 |
| FY2018 | Dec 31, 2016 | $161.79M | Mar 1, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $66.66M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $21.71M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | ($72.43M) | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $13.63M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $255.90M | Feb 27, 2024 |
| FY2022 | Dec 31, 2020 | $38.09M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $25.29M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $117.31M | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $66.54M | Mar 2, 2020 |
| FY2018 | Dec 31, 2016 | $74.49M | Mar 1, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $7.87M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $7.87M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $9.37M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $11.67M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $6.86M | Feb 27, 2024 |
| FY2022 | Dec 31, 2020 | $6.95M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $8.81M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $8.07M | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $6.55M | Mar 2, 2020 |
| FY2018 | Dec 31, 2016 | $9.47M | Mar 1, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $827.18M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $869.80M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $878.41M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $1.00B | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $1.05B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $779.12M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $709.03M | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $566.38M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | $459.66M | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | $394.02M | Mar 16, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $224.08M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $238.98M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $233.14M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $290.20M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $348.89M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $232.29M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $214.13M | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $156.81M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | $144.78M | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | $135.16M | Mar 16, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $603.10M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $630.82M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $645.27M | Feb 26, 2026 |
| FY2025 | Dec 31, 2022 | $713.51M | Feb 26, 2026 |
| FY2024 | Dec 31, 2021 | $696.30M | Feb 27, 2025 |
| FY2023 | Dec 31, 2020 | $546.84M | Feb 27, 2024 |
| FY2022 | Dec 31, 2019 | $494.87M | Feb 28, 2023 |
| FY2021 | Dec 31, 2018 | $409.57M | Mar 1, 2022 |
| FY2020 | Dec 31, 2017 | $314.89M | Mar 1, 2021 |
| FY2019 | Dec 31, 2016 | $258.85M | Mar 2, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $37.85M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $37.60M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $38.05M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $37.91M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $34.07M | Feb 27, 2024 |
| FY2022 | Dec 31, 2020 | $33.38M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $15.07M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $11.46M | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $0 | Mar 2, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $409.75M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $458.91M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $492.30M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $585.58M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $573.55M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $431.08M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $388.27M | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $311.34M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | $224.07M | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | $172.60M | Mar 16, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $235.87M | Feb 28, 2023 |
| FY2022 | Dec 31, 2021 | $382.14M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $243.15M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $232.67M | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $214.68M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | $220.79M | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | $187.37M | Mar 16, 2018 |
| FY2017 | Dec 31, 2015 | $96.19M | Mar 16, 2018 |
| FY2017 | Jan 1, 2015 | $149.16M | Mar 16, 2018 |
| FY2016 | Dec 31, 2014 | $149.16M | Mar 16, 2017 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 1, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 1, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 38.42M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 38.86M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | 38.41M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | 39.26M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | 39.69M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | 39.40M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | 39.15M | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | 38.81M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | 38.37M | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | 37.88M | Mar 16, 2018 |