Marcus & Millichap, Inc. (MMI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 171.47M | 243.95M | 193.89M | 172.28M | 145.04M | 240.08M | 168.51M | 158.37M | 129.1M | 166.24M | 162.03M | 162.87M | 154.79M | 262.45M | 323.84M | 395.96M | 319.46M | 495.13M | 332.38M | 284.95M |
| Revenue Growth % | 18.22% | 1.61% | 15.06% | 8.78% | 12.34% | 44.41% | 4% | -2.76% | -16.6% | -36.66% | -49.97% | -58.87% | -51.55% | -46.99% | -2.57% | 38.96% | 73.64% | 97.88% | 109.61% | 142.71% |
| Cost of Goods Sold | 108.42M | 161.23M | 126.48M | 112.92M | 94.05M | 151.77M | 104.75M | 98.08M | 76.87M | 105.43M | 104.63M | 101.16M | 95.43M | 180.72M | 217.36M | 256.04M | 196.77M | 333.33M | 219.19M | 178.59M |
| COGS % of Revenue | 63.23% | 66.09% | 65.23% | 65.55% | 64.84% | 63.22% | 62.16% | 61.93% | 59.54% | 63.42% | 64.57% | 62.11% | 61.65% | 68.86% | 67.12% | 64.66% | 61.59% | 67.32% | 65.95% | 62.67% |
| Gross Profit | 63.05M | 82.72M | 67.41M | 59.35M | 50.99M | 88.31M | 63.76M | 60.29M | 52.24M | 60.82M | 57.4M | 61.7M | 59.37M | 81.72M | 106.48M | 139.91M | 122.7M | 161.81M | 113.19M | 106.36M |
| Gross Margin % | 36.77% | 33.91% | 34.77% | 34.45% | 35.16% | 36.78% | 37.84% | 38.07% | 40.46% | 36.58% | 35.43% | 37.89% | 38.35% | 31.14% | 32.88% | 35.34% | 38.41% | 32.68% | 34.05% | 37.33% |
| Gross Profit Growth % | 23.64% | -6.33% | 5.73% | -1.55% | -2.38% | 45.21% | 11.08% | -2.3% | -12.01% | -25.58% | -46.1% | -55.9% | -51.62% | -49.49% | -5.93% | 31.55% | 63.87% | 80.71% | 92.28% | 143.63% |
| Operating Expenses | 68.82M | 67.06M | 69.24M | 67.6M | 68.87M | 81.61M | 75.22M | 68.33M | 72.34M | 78.02M | 72.83M | 72.38M | 75.43M | 75.87M | 75.93M | 83.17M | 78.45M | 79.92M | 67.52M | 64.76M |
| OpEx % of Revenue | 40.14% | 27.49% | 35.71% | 39.24% | 47.48% | 33.99% | 44.64% | 43.15% | 56.03% | 46.93% | 44.95% | 44.44% | 48.73% | 28.91% | 23.45% | 21.01% | 24.56% | 16.14% | 20.31% | 22.73% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 76.32M | 70.67M | 65M | 68.92M | 74.7M | 69.19M | 68.91M | 72.22M | 72.63M | 73M | 79.84M | 74.53M | 77.01M | 64.67M | 61.8M |
| SG&A % of Revenue | - | - | - | - | - | 31.79% | 41.94% | 41.05% | 53.38% | 44.94% | 42.7% | 42.31% | 46.66% | 27.67% | 22.54% | 20.16% | 23.33% | 15.55% | 19.46% | 21.69% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | -5.78M | 15.66M | -1.83M | -8.25M | -17.87M | 6.7M | -11.46M | -8.05M | -20.1M | -17.2M | -15.43M | -10.68M | -16.06M | 5.86M | 30.55M | 56.74M | 44.25M | 81.89M | 45.67M | 41.6M |
| Operating Margin % | -3.37% | 6.42% | -0.94% | -4.79% | -12.32% | 2.79% | -6.8% | -5.08% | -15.57% | -10.35% | -9.52% | -6.55% | -10.38% | 2.23% | 9.43% | 14.33% | 13.85% | 16.54% | 13.74% | 14.6% |
| Operating Income Growth % | 67.68% | 133.65% | 84.02% | -2.55% | 11.08% | 138.97% | 25.7% | 24.63% | -25.16% | -393.68% | -150.51% | -118.81% | -136.3% | -92.85% | -33.1% | 36.38% | 119.06% | 172.48% | 598.26% | 1691.62% |
| EBITDA | -3.38M | 19.02M | 911K | -5.1M | -15.03M | 11.99M | -6.92M | -4.72M | -16.68M | -13.89M | -11.79M | -7.21M | -12.85M | 9.1M | 33.48M | 60.07M | 48.16M | 84.8M | 48.52M | 44.56M |
| EBITDA Margin % | -1.97% | 7.8% | 0.47% | -2.96% | -10.36% | 5% | -4.1% | -2.98% | -12.92% | -8.35% | -7.28% | -4.43% | -8.3% | 3.47% | 10.34% | 15.17% | 15.08% | 17.13% | 14.6% | 15.64% |
| EBITDA Growth % | 77.47% | 58.58% | 113.17% | -8.08% | 9.92% | 186.36% | 41.37% | 34.55% | -29.77% | -252.66% | -135.23% | -112% | -126.69% | -89.27% | -31% | 34.8% | 107.62% | 155.97% | 430.46% | 32192.75% |
| D&A (Non-Cash Add-back) | 2.39M | 3.35M | 2.74M | 3.15M | 2.85M | 5.29M | 4.55M | 3.33M | 3.42M | 3.31M | 3.64M | 3.47M | 3.21M | 3.24M | 2.92M | 3.33M | 3.91M | 2.92M | 2.85M | 2.96M |
| EBIT | -2.01M | 19.41M | 1.67M | -3.55M | -13.73M | 11.7M | -6.14M | -3.23M | -14.53M | -11.47M | -11.01M | -5.79M | -11.25M | 10.23M | 31.53M | 56.28M | 44.7M | 83.67M | 45.99M | 42.98M |
| Net Interest Income | -153K | -189K | -197K | -200K | -187K | -201K | -208K | -204K | -199K | -216K | -241K | -216K | -215K | -161K | -229K | -158K | -160K | -144K | -144K | -146K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | -2.17M | 19.22M | 1.47M | -3.75M | -13.92M | 11.49M | -6.35M | -3.44M | -14.73M | -11.68M | -11.25M | -6M | -11.47M | 10.06M | 31.3M | 56.12M | 44.54M | 83.53M | 45.84M | 42.83M |
| Pretax Margin % | -1.26% | 7.88% | 0.76% | -2.17% | -9.6% | 4.79% | -3.77% | -2.17% | -11.41% | -7.03% | -6.94% | -3.68% | -7.41% | 3.84% | 9.67% | 14.17% | 13.94% | 16.87% | 13.79% | 15.03% |
| Income Tax | 934K | 5.91M | 1.23M | 7.29M | -9.5M | 2.95M | -967K | 2.1M | -4.75M | -1.45M | -2.01M | 2.73M | -5.63M | 2.15M | 9.94M | 13.96M | 11.76M | 21.53M | 11.92M | 11.3M |
| Effective Tax Rate % | -43.12% | 30.75% | 83.67% | -194.5% | 68.23% | 25.64% | 15.22% | -61.08% | 32.21% | 12.42% | 17.87% | -45.46% | 49.13% | 21.39% | 31.75% | 24.87% | 26.4% | 25.77% | 26% | 26.38% |
| Net Income | -3.1M | 13.31M | 240K | -11.04M | -4.42M | 8.55M | -5.38M | -5.54M | -9.99M | -10.23M | -9.24M | -8.73M | -5.83M | 7.91M | 21.36M | 42.17M | 32.78M | 62M | 33.92M | 31.53M |
| Net Margin % | -1.81% | 5.46% | 0.12% | -6.41% | -3.05% | 3.56% | -3.2% | -3.5% | -7.74% | -6.16% | -5.7% | -5.36% | -3.77% | 3.01% | 6.6% | 10.65% | 10.26% | 12.52% | 10.21% | 11.07% |
| Net Income Growth % | 29.9% | 55.69% | 104.46% | -99.26% | 55.72% | 183.53% | 41.72% | 36.56% | -71.22% | -229.34% | -143.25% | -120.7% | -117.79% | -87.24% | -37.03% | 33.73% | 118.38% | 162.48% | 461.66% | 29647.17% |
| Net Income (Continuing) | -3.1M | 13.31M | 240K | -11.04M | -4.42M | 8.55M | -5.38M | -5.54M | -9.99M | -10.23M | -9.24M | -8.73M | -5.83M | 7.91M | 21.36M | 42.17M | 32.78M | 62M | 33.92M | 31.53M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.08 | 0.34 | 0.01 | -0.28 | -0.11 | 0.22 | -0.14 | -0.14 | -0.26 | -0.27 | -0.24 | -0.23 | -0.15 | 0.20 | 0.53 | 1.05 | 0.81 | 1.53 | 0.84 | 0.78 |
| EPS Growth % | 27.27% | 54.55% | 104.36% | -100% | 57.69% | 181.48% | 41.67% | 39.13% | -73.33% | -235% | -145.28% | -121.9% | -118.52% | -86.93% | -36.9% | 34.62% | 118.92% | 159.32% | 460% | - |
| EPS (Basic) | -0.08 | 0.34 | 0.01 | -0.28 | -0.11 | 0.22 | -0.14 | -0.14 | -0.26 | -0.27 | -0.24 | -0.23 | -0.15 | 0.20 | 0.53 | 1.05 | 0.82 | 1.55 | 0.85 | 0.79 |
| Diluted Shares Outstanding | 38.2M | 38.96M | 39.17M | 38.97M | 38.93M | 39.29M | 38.63M | 38.67M | 38.45M | 38.41M | 38.49M | 38.54M | 39.2M | 39.68M | 40.3M | 40.34M | 40.47M | 40.42M | 40.24M | 40.14M |
| Basic Shares Outstanding | 38.2M | 38.83M | 39.01M | 38.97M | 38.93M | 38.83M | 38.63M | 38.67M | 38.45M | 38.41M | 38.49M | 38.54M | 39.2M | 39.46M | 40.09M | 40.05M | 39.99M | 39.98M | 39.94M | 39.88M |
| Dividend Payout Ratio | - | 73.6% | 74.17% | - | - | 113.93% | - | - | - | - | - | - | - | 128.88% | 0.37% | 118.77% | - | - | - | - |