Marcus & Millichap (MMI) rises after Q1 revenue beats on transaction, financing growth

Marcus & Millichap (NYSE: MMI) reported first-quarter 2026 revenue of $171.5 million, up 18.2% from a year earlier and above market expectations, as commercial real estate transaction activity and financing volumes improved. Shares traded at $30.48 on May 13, 2026, up from $28.99 before the earnings release. The real estate brokerage and services firm posted a non-GAAP loss of $0.08 per share, in line with analysts’ consensus estimates. Management said brokerage revenue rose nearly 12% year over year, while financing revenue increased 48%, supported by more competitive lending options and narrowing price gaps between buyers and sellers. CEO Hessam Nadji cited an improving lending environment and growth in the company’s capital markets platform. Management said future performance will depend on sustained transaction growth, lender participation and productivity gains from investments in technology, including artificial intelligence, as clients adjust to the current interest-rate environment.