Marcus & Millichap (NYSE: MMI) financial statements
The consolidated income statement, balance sheet and cash flow statement of Marcus & Millichap for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $827.2m in total assets and $603.1m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $755.2m | $696.1m | $645.9m | $1,302m | $1,296m | $716.9m | $806.4m | $814.8m | $719.7m | $717.5m |
| Cost of sales | — | — | — | — | — | — | — | $502.9m | $446.6m | $444.8m |
| Gross profit | — | — | — | — | — | — | — | $311.9m | $273.1m | $272.7m |
| Operating profit | −$13.7m | −$32.9m | −$59.4m | $137.4m | $189.4m | $53.6m | $96.4m | $112.3m | $96.1m | $106.5m |
| Finance costs | $0.8m | $0.8m | $0.9m | $0.7m | $0.6m | $0.9m | $1.4m | $1.4m | $1.5m | $1.5m |
| Profit before tax | $3.0m | −$13.0m | −$40.4m | $142.0m | $193.3m | $59.4m | $107.5m | $117.2m | $99.2m | $107.1m |
| Income tax | $4.9m | $0.7m | $6.4m | $37.8m | $50.8m | $16.5m | $30.6m | $30.0m | $47.7m | $42.4m |
| Net profit | −$1.9m | −$12.4m | −$34.0m | $104.2m | $142.5m | $42.8m | $76.9m | $87.3m | $51.5m | $64.7m |
| Earnings per share | −$0.05 | −$0.32 | −$0.88 | $2.61 | $3.57 | $1.08 | $1.95 | $2.23 | $1.32 | $1.66 |
| Diluted earnings per share | −$0.05 | −$0.32 | −$0.88 | $2.59 | $3.55 | $1.08 | $1.95 | $2.22 | $1.32 | $1.66 |
| Depreciation and amortisation | $12.1m | $16.6m | $13.6m | $13.4m | $11.7m | $10.9m | $8.0m | $6.3m | $5.4m | $4.4m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $827.2m | $869.8m | $878.4m | $1,004m | $1,045m | $779.1m | $709.0m | $566.4m | $459.7m | $394.0m |
| Current assets | $309.2m | $410.3m | $393.7m | $527.1m | $608.1m | $429.1m | $410.2m | $371.3m | $320.4m | $234.0m |
| Property, plant and equipment | $23.9m | $26.1m | $27.5m | $27.6m | $23.2m | $23.4m | $22.6m | $19.6m | $17.2m | $16.4m |
| Goodwill | $37.9m | $37.6m | $38.0m | $37.9m | $34.1m | $33.4m | $15.1m | $11.5m | $0.0m | — |
| Cash | $161.9m | $153.4m | $170.8m | $235.9m | $382.1m | $243.2m | $232.7m | $214.7m | $220.8m | $187.4m |
| Total liabilities | $224.1m | $239.0m | $233.1m | $290.2m | $348.9m | $232.3m | $214.1m | $156.8m | $144.8m | $135.2m |
| Current liabilities | $121.4m | $133.0m | $105.3m | $152.0m | $225.6m | $120.3m | $101.8m | $92.9m | $83.3m | $78.2m |
| Equity | $603.1m | $630.8m | $645.3m | $713.5m | $696.3m | $546.8m | $494.9m | $409.6m | $314.9m | $258.9m |
| Equity including minorities | $603.1m | $630.8m | $645.3m | $713.5m | $696.3m | $546.8m | $494.9m | $409.6m | $314.9m | $258.9m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $66.7m | $21.7m | −$72.4m | $13.6m | $255.9m | $38.1m | $25.3m | $117.3m | $66.5m | $74.5m |
| Investing cash flow | −$3.8m | −$9.9m | $74.9m | −$54.0m | −$108.4m | −$17.2m | −$3.4m | −$118.0m | −$27.3m | $19.8m |
| Financing cash flow | −$54.6m | −$28.8m | −$67.7m | −$105.6m | −$5.9m | −$10.3m | −$3.9m | −$5.4m | −$5.8m | −$3.1m |
| Capital expenditure | −$7.9m | −$7.9m | −$9.4m | −$11.7m | −$6.9m | −$6.9m | −$8.8m | −$8.1m | −$6.6m | −$9.5m |
| Dividends paid | −$20.6m | −$20.2m | −$20.1m | −$60.4m | $0.0m | $0.0m | — | — | — | — |
Where each figure comes from
From the annual report (Form 10-K) that Marcus & Millichap files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Marcus & Millichap page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.