Marcus & Millichap, Inc.
- MMI · NYSE
- Real Estate Agents & Managers (For Others)
- Calabasas, CA
- 854 employees
- CIK 0001578732
Updated from SEC filings through
Top things to know
Revenue, FY2025$755M+8.5% vs FY2024Operating margin-1.8%Operating income -$13.7MEmployees854As of December 31, 2025
Next earningsNovember 6, 202608:30:00 America/New_York
Latest 8-KResults of operations and financial conditionFiled November 6, 2026 Executives
-
Hessam Nadji Chief Executive Officer 4, 2026-09-15 - Steven F. DeGennaro EVP and CFO 4, 2026-08-12
- Bosschere Fabrice De Chief Accounting Officer 4, 2026-05-06
-
Gregory A. LaBerge SVP & Chief Client Officer 4, 2026-03-12 - John David Parker EVP & COO 4, 2026-08-12
What leadership is saying
“MMI continued to deliver revenue growth and improved financial results during the quarter despite another rise in interest rates and continued pressure on real estate valuations”
Earnings press release (8-K Ex. 99.1), filed November 5, 2026
Marcus & Millichap, Inc. is a U.S. public company in real estate agents & managers (for others) (SIC 6531), headquartered in Calabasas, CA. It trades as MMI on NYSE. Revenue was $755M in the fiscal year ending December 31, 2025, +8.5% from the year before. It reported about 854 employees. Hessam Nadji is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $755M 10-K, 2026-02-26 | $696M 10-K, 2026-02-26 | $646M 10-K, 2026-02-26 | $1.3B 10-K, 2025-02-27 | $1.3B 10-K, 2024-02-27 |
| Operating income | -$13.7M 10-K, 2026-02-26 | -$32.9M 10-K, 2026-02-26 | -$59.4M 10-K, 2026-02-26 | $137M 10-K, 2025-02-27 | $189M 10-K, 2024-02-27 |
| SG&A | $286M 10-K, 2026-02-26 | $281M 10-K, 2026-02-26 | $285M 10-K, 2026-02-26 | $300M 10-K, 2025-02-27 | $255M 10-K, 2024-02-27 |
| Net income | -$1.9M 10-K, 2026-02-26 | -$12.4M 10-K, 2026-02-26 | -$34.0M 10-K, 2026-02-26 | $104M 10-K, 2025-02-27 | $142M 10-K, 2024-02-27 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Hessam Nadji President and CEO of Marcus & Millichap | Chief Executive Officer | 4, 2026-09-15 |
| Steven F. DeGennaro Executive Vice President and Chief Financial Officer at Marcus & Millichap | EVP and CFO | 4, 2026-08-12 |
| Bosschere Fabrice De | Chief Accounting Officer | 4, 2026-05-06 |
| Gregory A. LaBerge | SVP & Chief Client Officer | 4, 2026-03-12 |
| John David Parker | EVP & COO | 4, 2026-08-12 |
 George M. Marcus | Board member (per proxy) bio: Director, Founder, Chair of the Board | DEF 14A, 2026-03-18 |
| Collete English Dixon | Board member (per proxy) bio: Director | DEF 14A, 2026-03-18 |
| Don C. Watters | Board member (per proxy) bio: Director, Lead Independent Director | DEF 14A, 2026-03-18 |
| George T. Shaheen | Board member (per proxy) bio: Director | DEF 14A, 2026-03-18 |
| Lauralee E. Martin | Board member (per proxy) bio: Director | DEF 14A, 2026-03-18 |
| Nicholas F. McClanahan | Board member (per proxy) bio: Director | DEF 14A, 2026-03-18 |
| Norma J. Lawrence | Board member (per proxy) bio: Director | DEF 14A, 2026-03-18 |
What Marcus & Millichap, Inc. does
Marcus & Millichap, Inc. (“MMI”) is a leading national real estate services firm specializing in commercial real estate investment sales, financing services, research and advisory services. We are the leading national investment brokerage company in the $1 million to $10 million private client market.S. commercial property transactions greater than $1 million in the marketplace.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 38.0 million (as of November 3, 2026) | 10-Q, November 6, 2026 |
|---|---|---|
| Public float | $722M (as of June 30, 2025) | 10-K, February 26, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, November 6, 2026 |
| Latest proxy statement | Meeting April 30, 2026 (filed March 18, 2026) | DEF 14A, March 18, 2026 |
| Auditor | Ernst & Young LLP (Los Angeles, California) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| June 11, 2026 | Hessam Nadji Chief Executive Officer | Sale | 500 | $15K | Form 4, June 12, 2026 |
| March 13, 2026 | Hessam Nadji Chief Executive Officer | Sale | 1,300 | $33K | Form 4, March 16, 2026 |
| August 11, 2025 | Lauralee Martin Director | Buy | 1,721 | $50K | Form 4, August 12, 2025 |
Recent 8-K events
- 8-K filed 2026-11-06
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-06
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-07
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-01
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-02-13
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-11-07
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-08-07
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-06-09
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-05-07
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2025-04-30
- Item 5.02 Departure or appointment of directors or officers; compensation
Frequently asked questions about Marcus & Millichap, Inc.
- What does Marcus & Millichap, Inc. do?
- In its own words, from Item 1 of its 10-K: "Marcus & Millichap, Inc. (“MMI”) is a leading national real estate services firm specializing in commercial real estate investment sales, financing services, research and advisory services. We are the leading national investment brokerage company in the $1 million to $10 million private client market.S. commercial property transactions greater than $1 million in the marketplace."
- What is Marcus & Millichap, Inc.'s revenue?
- $755M for the fiscal year ending December 31, 2025, from its 10-K filed February 26, 2026.
- Is Marcus & Millichap, Inc. profitable?
- Marcus & Millichap, Inc. reported net income of -$1.9M for the fiscal year ending December 31, 2025.
- How many employees does Marcus & Millichap, Inc. have?
- About 854 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Marcus & Millichap, Inc.?
- Hessam Nadji, Chief Executive Officer, as named in a 4 filed September 15, 2026.
- Who is the CFO of Marcus & Millichap, Inc.?
- Steven F. DeGennaro, EVP and CFO, as named in a 4 filed August 12, 2026.
- Where is Marcus & Millichap, Inc. headquartered?
- Calabasas, CA.
- What is Marcus & Millichap, Inc.'s stock ticker?
- MMI on NYSE.
- What industry is Marcus & Millichap, Inc. in?
- Real Estate Agents & Managers (For Others), SIC code 6531.
- What is Marcus & Millichap, Inc.'s website?
- marcusmillichap.com.
- When does Marcus & Millichap, Inc. report earnings next?
- November 6, 2026 at 08:30:00. Source: ir_event.
- Is Marcus & Millichap, Inc. a public company?
- Yes. Marcus & Millichap, Inc. files with the SEC under CIK 0001578732 and trades as MMI.
- Who audits Marcus & Millichap, Inc.?
- Ernst & Young LLP, Los Angeles, California, as named in its latest annual report (10-K).
- How many shares of Marcus & Millichap, Inc. are outstanding?
- 38.0 million shares as of November 3, 2026, from its 10-Q filed November 6, 2026.
- What is Marcus & Millichap, Inc.'s public float?
- $722M as of June 30, 2025, as reported on the cover of its 10-K filed February 26, 2026.
- How many business segments does Marcus & Millichap, Inc. report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 6, 2026.
- When is Marcus & Millichap, Inc.'s annual shareholder meeting?
- April 30, 2026, per its proxy statement (DEF 14A) filed March 18, 2026.
- Have Marcus & Millichap, Inc. insiders traded stock recently?
- Since August 11, 2025, officers and directors reported 2 open-market sales worth about $48K and 1 purchase worth about $50K on Forms 4 and 5. The most recent: Hessam Nadji (Chief Executive Officer) sold 500 shares on June 11, 2026.