Company: MMI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001578732-25-000015
Chunk: 89

Company: Marcus & Millichap, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 89
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2,807 $29,943 

Comparison of Years Ended December 31, 2024 and 2023

Below are key operating results for the year ended December 31, 2024 compared to the results for the year ended December 31, 2023 (dollars in thousands): 

Year Ended December 31 2024,PercentageofRevenue Year Ended December 31 2023,PercentageofRevenue Change Dollars Percentage Revenue:Real estate brokerage commissions$589,695 84.7 %$559,752 86.6 %$29,943 5.3 %Financing fees84,512 12.1 66,898 10.4 17,614 26.3 %Other revenue21,853 3.2 19,277 3.0 2,576 13.4 %Total revenue696,060 100 645,927 100 50,133 7.8 %Operating expenses:Cost of services431,471 62.0 406,645 63.0 24,826 6.1 %Selling, general and administrative280,909 40.3 285,023 44.1 (4,114)(1.4)%Depreciation and amortization16,589 2.4 13,627 2.1 2,962 21.7 %Total operating expenses728,969 104.7 705,295 109.2 23,674 3.4 %Operating (loss) income(32,909)(4.7)(59,368)(9.2)26,459 (44.6)%Other income, net20,693 2.9 19,855 3.0 838 4.2 %Interest expense(812)(0.1)(888)(0.1)76 (8.6)%Loss before benefit for income taxes(13,028)(1.9)(40,401)(6.3)27,373 (67.8)%Benefit for income taxes(666)(0.1)(6,366)(1.0)5,700 (89.5)%Net loss$(12,362)(1.8)%$(34,035)(5.3)%$21,673 (63.7)%Adjusted EBITDA (1)$9,372 1.3 %