Marcus & Millichap Q2 revenue up 8.8%, beats estimates

Marcus and Millichap

07/08/2025 13:16

Overview

Marcus & Millichap Q2 revenue rises 8.8%, beating analyst expectations

Net loss of $11 mln due to change in tax methodology

Adjusted EBITDA beats estimates, reflecting operational resilience

Outlook

Company expects near-term challenges in real estate market to extend through 2025

Marcus & Millichap sees long-term growth opportunities in Private Client Market

Company cites interest rate uncertainty as a factor influencing investor sentiment

Marcus & Millichap anticipates continued volatility in transactional activity

Result Drivers

PRIVATE CLIENT GROWTH - Revenue from Private Client Market increased by 10.3%, driven by an 11.8% rise in total sales volume, according to CEO Hessam Nadji

FINANCING FEES - Financing fees surged by 43.5% due to an 86.0% increase in total financing volume, partially offset by a decrease in average fee rate

LARGER TRANSACTION DECLINE - Middle Market and Larger Transaction Market revenue fell by 6.6% after a period of significant year-over-year growth, creating a tough comparison, per CEO Hessam Nadji

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$172.28 mln
$170.50 mln (1 Analyst)
Q2 Net Income
-$11.04 mln
Q2 Adjusted EBITDA
Beat
$1.50 mln
-$8.80 mln (1 Analyst)
Q2 EBIT
-$9.04 mln
Q2 Operating Expenses
$181.32 mln


Press Release: ID:nBw522h6ya

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)