Marcus & Millichap MMI Q4 2025 Earnings Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 13, 2026
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Marcus & Millichap MMI reported strong financial results for Q4 2025, with revenue reaching $244 million, a modest 2% year-over-year increase. Full-year revenue totaled $755 million, up 8.5%, while adjusted EBITDA improved significantly to $25 million from $9 million in the prior year. The company also saw net income rise by 55% year over year to $13 million, or $0.34 per share, though full-year net loss was $1.9 million due to a legal reserve charge.
The growth was driven by increased private client activity and higher transaction volumes, supported by a 100-person expansion in their salesforce—a seven-year high. Brokerage commissions accounted for 84% of
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Originally published on The Motley Fool on 2/13/2026