MMI reported strong 2025 earnings with revenue growth of 8.5% and adjusted EBITDA reaching $25 million. The company saw a late-stage rally in Q4, surpassing 2024 results despite higher interest rates. MMI also added nearly 100 new brokerage and financing professionals in 2025, marking its strongest growth in seven years. The firm completed nearly 9,000 transactions totaling over $50 billion in volume. In 2025, MMI’s financing business saw a 23% revenue increase, driven by a cadre of experienced professionals accessing over 420 lenders. MMI closed over 1,600 transactions for nearly $12 billion in volume through its strategic alliance with M&T Bank. The company’s financing professionals are interconnected through proprietary technology, securing optimal financing options. MMI’s institutional segment revenue declined by 13% in 2025, primarily due to tough comparisons from 2024. The IPA division is positioned to expand in the institutional arena despite expected volatility. MMI anticipates a more accommodative Federal Reserve in 2026 but notes inflation pressures may limit significant rate cuts. The company expects continued transaction market improvements in 2026 as bid-ask spreads narrow and delayed deals close. 2026 marks MMI’s 55-year anniversary, with a focus on expanding market presence and revenue diversification. The company maintains a strong balance sheet with $398 million in cash, providing flexibility for strategic acquisitions and shareholder returns. MMI continues to pursue acquisitions to enhance its service offerings and attract new talent. The company’s focus on strategic growth and disciplined capital allocation remains unchanged. MMI has seen success in cross-selling financing services into its brokerage business, particularly in IPA Capital Markets and Mission Capital. The collaboration has been successful in winning business and serving clients across various segments. MMI expects improved performance in 2026 as market stability increases and revenue grows, leading to operating leverage and potential for strong financial results.
Read more at Yahoo Finance: Marcus & Millichap MMI Q4 2025 Earnings Transcript
