Marcus & Millichap, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $755.2M | $696.1M | $645.9M | $1.30B | $1.30B | $716.9M | $806.4M | $814.8M |
| Cost of Revenue | — | — | — | — | — | — | — | $502.9M |
| Gross Profit | — | — | — | — | — | — | — | $311.9M |
| Gross Margin | — | — | — | — | — | — | — | 38.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $286.3M | $280.9M | $285.0M | $300.0M | $255.2M | $204.5M | $203.1M | $193.3M |
| Operating Income | $-13.7M | $-32.9M | $-59.4M | $137.4M | $189.4M | $53.6M | $96.4M | $112.3M |
| Operating Margin | -1.8% | -4.7% | -9.2% | 10.6% | 14.6% | 7.5% | 12.0% | 13.8% |
| Interest Expense | — | — | $888.0K | $708.0K | $580.0K | $900.0K | $1.4M | $1.4M |
| Pretax Income | $3.0M | $-13.0M | $-40.4M | $142.0M | $193.3M | $59.4M | $107.5M | $117.2M |
| Income Tax Expense | $4.9M | $-666.0K | $-6.4M | $37.8M | $50.8M | $16.5M | $30.6M | $30.0M |
| Net Income | $-1.9M | $-12.4M | $-34.0M | $104.2M | $142.5M | $42.8M | $76.9M | $87.3M |
| Net Margin | -0.3% | -1.8% | -5.3% | 8.0% | 11.0% | 6.0% | 9.5% | 10.7% |
| EPS (Basic) | $-0.05 | $-0.32 | $-0.88 | $2.61 | $3.57 | $1.08 | $1.95 | $2.23 |
| EPS (Diluted) | $-0.05 | $-0.32 | $-0.88 | $2.59 | $3.55 | $1.08 | $1.95 | $2.22 |
| Shares Outstanding (Basic) | 38.9M | 38.7M | 38.7M | 39.9M | 39.9M | 39.6M | 39.4M | 39.1M |
| Shares Outstanding (Diluted) | 38.9M | 38.7M | 38.7M | 40.2M | 40.2M | 39.7M | 39.5M | 39.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |