---
title: "Marcus & Millichap | 10-Q: FY2025 Q1 Revenue Beats Estimate at USD 145.04 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239203657.md"
datetime: "2025-05-07T21:21:52.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/239203657.md)
  - [en](https://longbridge.com/en/news/239203657.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239203657.md)
---

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# Marcus & Millichap | 10-Q: FY2025 Q1 Revenue Beats Estimate at USD 145.04 M

Revenue: As of FY2025 Q1, the actual value is USD 145.04 M, beating the estimate of USD 140.2 M.

EPS: As of FY2025 Q1, the actual value is USD -0.11, beating the estimate of USD -0.16.

EBIT: As of FY2025 Q1, the actual value is USD -13.92 M.

### Segment Revenue

-   **Real Estate Brokerage Commissions**: $123.6 million for the three months ended March 31, 2025, compared to $109.5 million for the same period in 2024, an increase of $14.1 million or 12.9%.
-   **Financing Fees**: $18.1 million for the three months ended March 31, 2025, compared to $14.4 million for the same period in 2024, an increase of $3.7 million or 25.7%.
-   **Other Revenue**: $3.3 million for the three months ended March 31, 2025, compared to $5.2 million for the same period in 2024, a decrease of $1.9 million or 36.8%.

### Operational Metrics

-   **Net Loss**: -$4,422 for the three months ended March 31, 2025, compared to -$9,987 for the same period in 2024.
-   **Operating Loss**: -$17,711 for the three months ended March 31, 2025, compared to -$20,102 for the same period in 2024.
-   **Cost of Services**: $88.3 million for the three months ended March 31, 2025, compared to $76.9 million for the same period in 2024.
-   **Selling, General and Administrative Expenses**: $71.6 million for the three months ended March 31, 2025, compared to $68.9 million for the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: -$52,841 for the three months ended March 31, 2025, compared to -$51,021 for the same period in 2024.
-   **Net Cash Provided by Investing Activities**: $57,168 for the three months ended March 31, 2025, compared to -$21,601 for the same period in 2024.
-   **Net Cash Used in Financing Activities**: -$8,072 for the three months ended March 31, 2025, compared to -$7,500 for the same period in 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: Marcus & Millichap, Inc. plans to continue its focus on the private client market, which contributed approximately 63% of real estate brokerage commissions during the three months ended March 31, 2025.
-   **Non-Core Business**: The company is monitoring covenant compliance on a regular basis to ensure continued compliance with its Credit Agreement, which provides for a $10 million principal amount senior secured revolving credit facility.
-   **Priority**: The company aims to maintain a strong liquidity position with cash, cash equivalents, and marketable debt securities, available-for-sale aggregating $319.5 million as of March 31, 2025.

### Related Stocks

- [Marcus & Millichap, Inc. (MMI.US)](https://longbridge.com/en/quote/MMI.US.md)

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