Marcus & Millichap Inc (NYSE: MMI) is a commercial real estate brokerage company that specializes in the sale of investment-grade commercial properties. Revenue is transaction-based: the firm earns commissions when it closes property sales on behalf of buyers and sellers. The 10-K filed 2026-02-26 (accession 0001628280-26-012419, fiscal year ended 2025) confirms MMI operates as a specialized intermediary in U.S. commercial real estate capital markets. The filing excerpts provided do not disclose segment revenue percentages, total transaction volume, agent headcount, office count, or named competitors with sufficient detail to support specific claims here. What the filing confirms is the company's structure as a nationally registered issuer on a U.S. exchange, incorporated in a U.S. state, and filing as a well-known seasoned issuer. Additional financial and operational specifics are not supported by the excerpts provided and are therefore omitted.

Revenue model

Transaction-based commissions earned on commercial real estate investment property sales, as indicated by the company's brokerage business model. Specific commission rates, revenue totals, or segment breakdowns are not supported by the provided filing excerpts.

Products and services

Commercial real estate brokerage and investment property sales intermediary services. Specific named service lines or ancillary products are not supported by the provided filing excerpts.

Customers and end markets

Buyers and sellers of investment-grade commercial real estate properties in the United States. Specific customer concentration figures or end-market breakdowns are not supported by the provided filing excerpts.

Value-chain role

Transaction intermediary and broker in the commercial real estate investment sales market.

Geographic exposure

United States, based on SEC registration and principal executive offices address referenced in the 10-K filed 2026-02-26. Specific office locations or geographic revenue mix are not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-26

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