Company: MMI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001578732-25-000031
Chunk: 138

Company: Marcus & Millichap, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 138
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668 $5,137 Total Number of Transactions1,175 1,102 Total Sales Volume (in millions)$6,659 $5,661 

Three Months EndedMarch 31,Financing (1)20252024Average Number of Financing Professionals102 99 Average Number of Transactions per Financing Professional3.30 2.36 Average Fee per Transaction$42,702 $47,178 Average Fee Rate0.75 %0.67 %Average Transaction Size (in thousands)$5,721 $7,094 Total Number of Transactions337 234 Total Financing Volume (in millions)$1,928 $1,660 

(1)Operating metrics exclude certain financing fees not directly associated to transactions. 

34

Comparison of Three Months Ended March 31, 2025 and 2024 

Below are key operating results for the three months ended March 31, 2025 compared to the three months ended March 31, 2024 (dollars in thousands): 

Three Months Ended March 31, 2025PercentageofRevenue Three Months Ended March 31, 2024PercentageofRevenue Change Dollar Percentage Revenue:Real estate brokerage commissions$123,622 85.2 %$109,475 84.8 %$14,147 12.9 %Financing fees18,130 12.5 14,427 11.2 3,703 25.7 %Other revenue3,286 2.3 5,202 4.0 (1,916)(36.8)%Total revenue145,038 100 129,104 100 15,934 12.3 %Operating expenses:Cost of services88,348 60.9 76,868 59.5 11,480 14.9 %Selling, general and administrative71,552 49.3 68,916 53.4 2,636 3.8 %Depreciation and amortization2,849 2.0 3,422 2.7 (573)(16.7)%Total operating expenses162,749 112.2 149,206 115.6 13,543 9.1 %Operating loss(17,711)(12.2)(20,102)(15.6)2,391 (11.9)%Other income, net3,979