MMI - NYSE

Marcus & Millichap, Inc.

MMI·NYSE

$29.92

-0.43%

Real EstateReal Estate - Services

Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, and preferred equity, as well as loan sales and consultative/due diligence services to commercial real estate owners, developers, investors, and capital providers. In addition, the company provides various ancillary services, including research, advisory, and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.13B

EPS-0.0490

P/E Ratio-610.61

Earnings Date07/31/2026

827.18M

Assets

-5%

3Y-18.0%

5Y+6.0%

10Y+110.0%

224.08M

Total Liabilities

-6%

3Y-23.0%

5Y-4.0%

10Y+66.0%

603.10M

Total Equity

-4%

3Y-15.0%

5Y+10.0%

10Y+1023.0%

Marcus & Millichap, Inc. Funding & Solvency Profile

MMI · NYSE

Current Assets

Cash & Cash Equivalents161.92M

Net Receivables14.85M

Inventory0.00

Other Current Assets31.45M

Total Current Assets309 M

Non-Current Assets

Property, Plant & Equipment98.21M

Goodwill & Intangible Assets41.66M

Long-Term Investments159.18M

Other Non-Current Assets218.92M

Total Non-Current Assets476 M

Total Assets

827.18M

Financial Health Analysis

Current Ratio

2.55x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.37x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

188 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

37% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

Marcus & Millichap, Inc. Balance Sheet

MMI • NYSE

Marcus & Millichap, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	161.9M	153.4M	170.8M	235.9M	382.1M	243.2M	232.7M	214.7M	220.8M	187.4M	96.2M	149.2M	101M	3.1M	3.2M
Short-Term Investments	90.6M	196M	178.4M	253.4M	183.9M	158.3M	150.8M	137.4M	73.6M	27.5M	79.9M	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	252.5M	349.5M	349.1M	489.3M	566M	401.4M	383.4M	352.1M	294.3M	214.8M	176M	149.2M	101M	3.1M	3.2M
Net Receivables	14.9M	45.7M	16.2M	21.9M	23.7M	10.4M	10.1M	8.9M	13.3M	7M	5.9M	5M	4.5M	6.6M	2.5M
Accounts Receivables	14.9M	18.8M	16.2M	8.5M	17.2M	10.4M	5M	4.9M	9.6M	4.8M	3.3M	3.4M	3.2M	5.8M	2.2M
Other Receivables	0.0	26.9M	0.0	13.5M	6.4M	0.0	2.9M	3.8M	3.7M	2.2M	2.5M	1.6M	1.2M	0.0	0.0
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	7.9M	9.7M	8.1M	7.5M	21.1M	0.0	0.0	0.0
Prepaids	10.4M	15.2M	8.8M	15.9M	18.5M	10.2M	13.6M	7.9M	9.7M	8.1M	7.5M	7.5M	4.3M	2.9M	2.3M
Other Current Assets	31.5M	0.0	19.6M	0.0	16K	7.1M	3.1M	2.5M	3.2M	4.1M	6.6M	3.2M	10.1M	0.0	0.0
Total Current Assets	309.2M	410.3M	393.7M	527.1M	608.1M	429.1M	410.2M	371.3M	320.4M	234M	196.1M	178.5M	119.2M	12.6M	7.9M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	98.2M	107.3M	117.5M	115.6M	104.7M	107.5M	113.2M	19.6M	17.2M	16.4M	11.6M	7.7M	8.6M	6.7M	5.3M
Goodwill	0.0	37.6M	38M	37.9M	34.1M	33.4M	15.1M	11.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets	41.7M	5.9M	13.1M	17.8M	15.9M	20.6M	9.2M	6.1M	13.3M	7M	5.9M	5M	4.5M	0.0	0.0
Goodwill & Intangible Assets	41.7M	43.5M	51.2M	55.7M	50M	54M	24.3M	15.4M	24.2M	20.6M	14.7M	3.8M	5.2M	0.0	0.0
Long-Term Investments	159.2M	60.6M	67.5M	78.1M	122.1M	47.8M	60.8M	83.2M	52.1M	77.5M	54.4M	19.1M	4.1M	2.9M	2.4M
Tax Assets	0.0	48.1M	46.9M	41.3M	33.7M	0.0	22.1M	23M	22.6M	35.6M	35.3M	21.3M	27.2M	0.0	0.0
Other Non-Current Assets	218.9M	200M	201.6M	185.9M	126.5M	140.9M	78.4M	53.9M	23.2M	10M	9.1M	3.3M	3.1M	67.6M	48.7M
Total Non-Current Assets	518M	459.5M	484.7M	476.6M	437.1M	350M	298.9M	195M	139.2M	160M	125.1M	55.1M	48.1M	77.2M	56.4M
Total Assets	827.2M	869.8M	878.4M	1B	1B	779.1M	709M	566.4M	459.7M	394M	321.2M	233.6M	167.3M	89.7M	64.3M
LIABILITIES
CURRENT LIABILITIES
Total Payables	11M	16.1M	9.7M	14.7M	33.3M	10M	10.8M	9.9M	9.2M	9.5M	8.7M	9.1M	5.7M	36.9M	21.1M
Accounts Payable	11M	13.7M	8.1M	11.5M	15.5M	10M	10.8M	9.9M	9.2M	9.5M	8.7M	9.1M	5.7M	14.4M	7.6M
Other Payables	0.0	2.4M	1.5M	3.2M	17.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	22.6M	13.6M
Accrued Expenses	81.3M	0.0	0.0	0.0	49.8M	79.2M	22.4M	76.3M	23.8M	67.7M	65.4M	27.8M	16.9M	17.5M	9.7M
Short Term Debt	0.0	0.0	0.0	0.0	0.0	0.0	6.6M	1.1M	1M	986K	939K	894K	851K	0.0	0.0
Capital Lease Obligations (Current)	18.8M	18.5M	18.3M	17M	19M	19.2M	17.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	0.0	0.0	0.0	17.9M	0.0	0.0	4.5M	0.0	0.0	0.0	0.0	6.5M	0.0	0.0
Other Current Liabilities	10.3M	98.4M	77.3M	120.4M	123.5M	11.9M	44.3M	5.6M	49.2M	0.0	0.0	29.4M	33.2M	0.0	0.0
Total Current Liabilities	121.4M	133M	105.3M	152M	225.6M	120.3M	101.8M	92.9M	83.3M	78.2M	75M	67.2M	56.8M	54.5M	30.8M
NON-CURRENT LIABILITIES
Long Term Debt	0.0	0.0	0.0	0.0	0.0	0.0	0.0	6.6M	7.7M	8.7M	9.7M	10.6M	11.5M	0.0	0.0
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	156.8M	144.8M	135.2M	43.7M	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-156.8M	-144.8M	-135.2M	-43.7M	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	43.2M	40.3M	58.5M	73.1M	64.9M	52.6M	49.2M	57.4M	53.9M	48.3M	47.6M	39M	36.5M	13.7M	13.3M
Total Non-Current Liabilities	102.6M	106M	127.9M	138.2M	123.3M	112M	112.3M	64M	61.5M	57M	57.2M	49.6M	48.1M	13.7M	13.3M
Capital Lease Obligations	78.3M	84.2M	87.7M	82.1M	77.3M	78.6M	80.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	224.1M	239M	233.1M	290.2M	348.9M	232.3M	214.1M	156.8M	144.8M	135.2M	132.2M	116.8M	104.8M	68.1M	44.1M
SHAREHOLDERS' EQUITY
Treasury Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	17.9M	15.7M
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	225K	60K	190K	0.0	0.0	0.0	10K	10K
Common Stock	4K	4K	4K	4K	4K	4K	4K	4K	4K	4K	4K	4K	4K	234K	230K
Additional Paid-In Capital	192.9M	173.3M	153.7M	131.5M	121.8M	113.2M	104.7M	97.5M	89.9M	85.4M	80.6M	75.1M	70.4M	24.7M	20.4M
Retained Earnings	409.8M	458.9M	492.3M	585.6M	573.5M	431.1M	388.3M	311.3M	224.1M	172.6M	107.9M	41.6M	-7.9M	-3.2M	-360K
Accumulated Other Comprehensive Income/Loss	401K	-1.4M	-768K	-3.6M	910K	2.6M	2M	775K	940K	810K	457K	159K	-19.4M	-17.9M	-15.7M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	1.0	-4K	-4K	-4K	-4K	-4K	-4K	0.0	17.8M	0.0
Total Stockholders' Equity	603.1M	630.8M	645.3M	713.5M	696.3M	546.8M	494.9M	409.6M	314.9M	258.9M	189M	116.8M	62.5M	21.6M	20.2M
Total Equity	603.1M	630.8M	645.3M	713.5M	696.3M	546.8M	494.9M	65.1M	29.2M	53.7M	189M	116.8M	62.5M	21.6M	20.2M
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-344.5M	-285.7M	-205.2M	0.0	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	827.2M	869.8M	878.4M	1B	1B	779.1M	709M	566.4M	459.7M	394M	321.2M	233.6M	167.3M	89.7M	64.3M
Total Investments	249.7M	256.7M	245.8M	331.5M	306M	206M	211.6M	220.6M	125.7M	104.9M	134.3M	19.1M	4.1M	2.9M	2.4M
Total Debt	78.3M	84.2M	87.7M	82.1M	77.3M	78.6M	87.5M	7.7M	8.7M	9.7M	10.6M	11.5M	12.4M	0.0	0.0
Net Debt	-83.7M	-69.2M	-83M	-153.8M	-304.8M	-164.6M	-145.2M	-207M	-212.1M	-177.7M	-85.6M	-137.7M	-88.6M	-3.1M	-3.2M
Shares Outstanding	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974	38,996,974

SEC Filings

MMI - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 01, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 18, 2026	April 30, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 26, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 13, 2026	February 13, 2026	2026	View Filing
8-K 8-K 2025 N/A	November 07, 2025	November 07, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 07, 2025	September 30, 2025	2025	View Filing
10-Q 10-Q 2025 Q2 Q2	August 07, 2025	June 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	August 07, 2025	August 07, 2025	2025	View Filing

Showing 1 to 10 of 143 filings

Related Guides

Blog Categories

Continue your MMI research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.