Marcus & Millichap, Inc. (New York Stock Exchange:MMI)
Insiders here have filed 8 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $812.2M
- Net income
- $14.4M
- Net margin
- 1.8%
Little or no net debt.
- Total debt
- $74.2M
- Cash
- $153.5M
- Net debt / EBITDA
- -2.19x
Comfortably covers what is due within a year.
- Current assets
- $270.6M
- Current liabilities
- $17.5M
- Current ratio
- 15.46
The business funds itself from operations.
- Operating cash flow
- $98.5M
- Free cash flow
- $93.8M
- FCF margin
- 11.6%
Not funding itself by issuing shares.
- Shares outstanding
- 37.8M
- Share growth (1y)
- -2.9%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
MMI Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 202.91 M | 171.47 M | 243.95 M | 193.89 M | 172.28 M | 145.04 M |
| Revenue Growth (YoY) | 17.78 % | 18.22 % | 1.61 % | 15.06 % | 8.78 % | 12.34 % |
| Cost of Revenue | 126.67 M | 108.42 M | 161.23 M | 126.48 M | 112.92 M | 94.05 M |
| Gross Profit | 76.25 M | 63.05 M | 82.72 M | 67.41 M | 59.35 M | 50.99 M |
| SG&A Expense | 71.69 M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 74.04 M | 68.82 M | 67.06 M | 69.24 M | 67.60 M | 68.87 M |
| Operating Income | 2.21 M | -5.78 M | 15.66 M | -1.83 M | -8.25 M | -17.87 M |
| Pretax Income | 6.26 M | -2.17 M | 19.22 M | 1.47 M | -3.75 M | -13.92 M |
| Tax Provision | 2.36 M | 934.00 K | 5.91 M | 1.23 M | 7.29 M | -9.50 M |
| Net Income | 3.91 M | -3.10 M | 13.31 M | 240.00 K | -11.04 M | -4.42 M |
| EPS (Basic) | 0.10 | -0.08 | 0.34 | 0.01 | -0.28 | -0.11 |
| EPS (Diluted) | 0.10 | -0.08 | 0.34 | 0.01 | -0.28 | -0.11 |
| Shares Outstanding | 37.83 M | 38.20 M | 38.83 M | 39.01 M | 38.97 M | 38.93 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.