Marcus & Millichap, Inc. (NYSE: MMI) shares moved up Friday. The company, a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its fourth quarter 2025 preliminary financial results today.
Total revenue of $244.0 million, an increase of 1.6% compared to $240.1 million
Brokerage commissions of $205.3 million, an increase of 1.2% compared to $202.8 million
Net income of $13.3 million, or $0.34 per common share, diluted, compared to $8.5 million, or $0.22 per common share, diluted. Adjusted EBITDA of $25.0 million, an increase of 38.7% compared to $18.0 million
For the full year, Total revenue of $755.2 million, an increase of 8.5% compared to $696.1 million
Brokerage commissions of $632.5 million, an increase of 7.3% compared to $589.7 million
Net loss of $1.9 million, or $0.05 loss per common share, diluted, compared to $12.4 million, or $0.32 loss per common share, diluted
Adjusted EBITDA of $24.6 million, an increase of 162.6% compared to $9.4 million.
Said CEO Hassem Nadji, “We delivered solid fourth quarter results against a tough comparison thanks to a late-stage acceleration of transaction closings and concluded 2025 as the second consecutive year of revenue recovery amid the severe market disruption. Our ongoing cost controls and focus on efficiency resulted in a meaningful improvement in profitability”.
MMI shares took on 15 cents $25.16.
