Quarterly ResultMay 7, 2026, 06:10 AM
Marcus & Millichap Q1 Revenue +18.2% to $171.5M; Adj. EBITDA $2.9M
AI Summary
Marcus & Millichap, Inc. reported strong preliminary financial results for the first quarter ended March 31, 2026. The company achieved an 18.2% increase in total revenue to $171.5 million and significantly improved its net loss to $3.1 million from $4.4 million in the prior year. Adjusted EBITDA turned positive at $2.9 million, reflecting broad-based growth across the business, particularly in financing fees which surged by 48.1%. The company also continued its capital allocation strategy, repurchasing $23.5 million in shares and authorizing an additional $70 million for buybacks, while maintaining its dividend policy.
Key Highlights
- Total revenue increased 18.2% to $171.5 million in Q1 2026 from $145.0 million in Q1 2025.
- Net loss improved to $3.1 million, or $0.08 per diluted share, from $4.4 million, or $0.11 per diluted share, in Q1 2025.
- Adjusted EBITDA improved significantly to $2.9 million from a loss of $(8.7) million in Q1 2025.
- Financing fees grew 48.1% to $26.8 million, driven by a 60.1% increase in financing volume.
- Brokerage commissions rose 11.7% to $138.1 million, with Private Client Market revenue up 13.4%.
- Company repurchased 895,532 shares for $23.5 million in Q1 2026 at an average price of $26.22.
- Board approved an additional $70 million for share repurchases, bringing total available to $90 million.
- Declared a semi-annual dividend of $0.25 per share, paid on April 3, 2026.