Marcus & Millichap, Inc. (MMI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 245.1M | 309.21M | 309.81M | 302.08M | 325.1M | 410.32M | 356.55M | 344.02M | 343.54M | 393.69M | 389.86M | 381.74M | 405.22M | 527.14M | 515.76M | 498.36M | 570.83M | 608.13M | 429.97M | 411.34M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 136.51M | 161.92M | 106.32M | 75.11M | 139.03M | 153.44M | 172.72M | 161.99M | 90.56M | 170.75M | 224.17M | 171.22M | 228.03M | 235.87M | 270.86M | 211.65M | 315.69M | 382.12M | 281.01M | 230.41M |
| Short-Term Investments | 56.53M | 90.56M | 135.36M | 143.07M | 125.78M | 196.01M | 127.36M | 130.44M | 207.81M | 178.38M | 126.21M | 164.86M | 132.52M | 253.43M | 211.76M | 253.04M | 218.99M | 183.87M | 116.9M | 147.17M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | 6.18 | 8.26 | 8.02 | 10.01 | 7.28 | 9.53 | 8.48 | 10.56 | 8.56 | 7.01 | 5.51 | 5.3 | 3.54 | 3.68 | 3.22 | 4.38 | 3.03 | 4.2 | 3.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 52.07M | 41.87M | 11.04M | 10.85M | 35.94M | 0 | 7.17M | 4.93M | 4.39M | 19.58M | 18.27M | 26.84M | 26.15M | 0 | 12.7M | 5.86M | 5.96M | 16K | 4.37M | 8.4M |
| Total Non-Current Assets | 509.86M | 517.97M | 502.69M | 490.13M | 476.92M | 459.48M | 477.17M | 481.41M | 483.11M | 484.72M | 492.25M | 501.77M | 505.27M | 476.57M | 484.13M | 468.4M | 409.34M | 437.07M | 445.11M | 406.43M |
| Property, Plant & Equipment | 95.22M | 98.21M | 99.74M | 103.58M | 105.58M | 107.26M | 111.37M | 116.62M | 120.76M | 117.51M | 124.97M | 131.2M | 136.11M | 115.59M | 110.8M | 109.69M | 101.18M | 104.72M | 108.14M | 109.17M |
| Fixed Asset Turnover | 1.77x | 2.46x | 1.91x | 1.65x | 1.36x | 2.20x | 1.48x | 1.33x | 1.08x | 1.37x | 1.26x | 1.22x | 1.23x | 2.32x | 2.94x | 3.76x | 3.10x | 4.65x | 3.06x | 2.67x |
| Goodwill | 0 | 0 | 37.77M | 37.9M | 37.6M | 37.6M | 37.93M | 37.87M | 37.93M | 38.05M | 37.91M | 38.05M | 37.93M | 37.91M | 38.1M | 38.1M | 38.1M | 34.07M | 34.07M | 34.07M |
| Intangible Assets | 41.17M | 41.66M | 4.25M | 4.82M | 5.37M | 5.92M | 8.89M | 11.1M | 12.11M | 13.14M | 14.18M | 15.48M | 16.62M | 17.78M | 18.99M | 20.16M | 22.28M | 15.89M | 16.82M | 17.77M |
| Long-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 754.96M | 827.18M | 812.49M | 792.21M | 802.02M | 869.8M | 833.71M | 825.43M | 826.65M | 878.41M | 882.11M | 883.51M | 910.49M | 1B | 999.89M | 966.76M | 980.16M | 1.05B | 875.08M | 817.77M |
| Asset Turnover | 0.22x | 0.30x | 0.24x | 0.22x | 0.17x | 0.28x | 0.20x | 0.19x | 0.15x | 0.19x | 0.18x | 0.18x | 0.16x | 0.26x | 0.33x | 0.41x | 0.32x | 0.52x | 0.39x | 0.36x |
| Asset Growth % | -5.87% | -4.9% | -2.55% | -4.02% | -2.98% | -0.98% | -5.49% | -6.57% | -9.21% | -12.48% | -11.78% | -8.61% | -7.11% | -3.97% | 14.26% | 18.22% | 30.5% | 34.15% | 25.71% | 21.91% |
| Total Current Liabilities | 92.53M | 121.45M | 113.19M | 87.01M | 86.25M | 133.02M | 113.22M | 93.09M | 92.59M | 105.27M | 103.36M | 89.07M | 102.92M | 152.01M | 146.64M | 128.04M | 192.26M | 225.63M | 130.56M | 115.52M |
| Accounts Payable | 0 | 11.02M | 14.71M | 10.91M | 9.57M | 13.74M | 12.62M | 10.04M | 9.36M | 8.13M | 9.15M | 11.89M | 12.39M | 11.45M | 10.15M | 13.02M | 24.39M | 15.49M | 20.02M | 12.63M |
| Days Payables Outstanding | - | 7.34 | 9.32 | 8.25 | 11.15 | 7.99 | 9.95 | 9 | 10.35 | 7.54 | 9.25 | 10.92 | 11.24 | 5.5 | 4.9 | 6.65 | 9.12 | 4.9 | 6.85 | 5.95 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 74.21M | 91.63M | 66.49M | 54.8M | 45.56M | 98.39M | 70.74M | 63.43M | 54.28M | 77.28M | 14.45M | 4.9M | 20.78M | 120.36M | 20.6M | 62.34M | 54.99M | 123.47M | 53.07M | 10.62M |
| Current Ratio | 2.65x | 2.55x | 2.74x | 3.47x | 3.77x | 3.08x | 3.15x | 3.70x | 3.71x | 3.74x | 3.77x | 4.29x | 3.94x | 3.47x | 3.52x | 3.89x | 2.97x | 2.70x | 3.29x | 3.56x |
| Quick Ratio | 2.65x | 2.55x | 2.74x | 3.47x | 3.77x | 3.08x | 3.15x | 3.70x | 3.71x | 3.74x | 3.77x | 4.29x | 3.94x | 3.47x | 3.52x | 3.89x | 2.97x | 2.70x | 3.29x | 3.56x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 93.38M | 102.63M | 97.07M | 97.42M | 98.22M | 105.97M | 102.76M | 105.67M | 108.5M | 127.87M | 129.4M | 130.53M | 125.42M | 138.18M | 129.28M | 121.55M | 112.52M | 123.26M | 112.25M | 105.4M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 185.91M | 224.08M | 210.25M | 184.43M | 184.47M | 238.98M | 215.99M | 198.76M | 201.1M | 233.14M | 232.76M | 219.59M | 228.33M | 290.2M | 275.93M | 249.59M | 304.77M | 348.89M | 242.81M | 220.92M |
| Total Debt | 75.03M | 78.25M | 78.56M | 82.42M | 83.94M | 84.22M | 84.84M | 88.45M | 91.47M | 87.74M | 92.2M | 96.55M | 99.68M | 82.09M | 81.52M | 82M | 74.58M | 77.31M | 80.72M | 81.45M |
| Net Debt | -61.48M | -83.67M | -27.77M | 7.31M | -55.09M | -69.22M | -87.88M | -73.55M | 914K | -83.01M | -131.98M | -74.67M | -128.35M | -153.78M | -189.34M | -129.65M | -241.11M | -304.82M | -200.29M | -148.96M |
| Debt / Equity | 0.13x | 0.13x | 0.13x | 0.14x | 0.14x | 0.13x | 0.14x | 0.14x | 0.15x | 0.14x | 0.14x | 0.15x | 0.15x | 0.12x | 0.11x | 0.11x | 0.11x | 0.11x | 0.13x | 0.14x |
| Debt / EBITDA | - | 4.12x | 86.23x | - | - | 7.02x | - | - | - | - | - | - | - | 9.03x | 2.44x | 1.36x | 1.55x | 0.91x | 1.66x | 1.83x |
| Net Debt / EBITDA | - | -4.40x | -30.48x | - | - | -5.77x | - | - | - | - | - | - | - | -16.91x | -5.66x | -2.16x | -5.01x | -3.59x | -4.13x | -3.34x |
| Interest Coverage | -13.16x | 102.67x | 8.46x | -17.74x | -73.43x | 58.19x | -29.54x | -15.85x | -73.04x | -53.09x | -45.68x | -26.78x | -52.33x | 63.52x | 137.69x | 356.21x | 279.38x | 581.08x | 319.37x | 294.35x |
| Total Equity | 569.05M | 603.1M | 602.24M | 607.77M | 617.55M | 630.82M | 617.73M | 626.67M | 625.55M | 645.27M | 649.35M | 663.92M | 682.16M | 713.51M | 723.96M | 717.17M | 675.39M | 696.3M | 632.27M | 596.85M |
| Equity Growth % | -7.85% | -4.39% | -2.51% | -3.02% | -1.28% | -2.24% | -4.87% | -5.61% | -8.3% | -9.56% | -10.31% | -7.43% | 1% | 2.47% | 14.5% | 20.16% | 20.25% | 27.33% | 21.35% | 16.37% |
| Book Value per Share | 14.90 | 15.48 | 15.37 | 15.60 | 15.86 | 16.05 | 15.99 | 16.20 | 16.27 | 16.80 | 16.87 | 17.23 | 17.40 | 17.98 | 17.96 | 17.78 | 16.69 | 17.23 | 15.71 | 14.87 |
| Total Shareholders' Equity | 569.05M | 603.1M | 602.24M | 607.77M | 617.55M | 630.82M | 617.73M | 626.67M | 625.55M | 645.27M | 649.35M | 663.92M | 682.16M | 713.51M | 723.96M | 717.17M | 675.39M | 696.3M | 632.27M | 596.85M |
| Common Stock | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K |
| Retained Earnings | 373.27M | 409.75M | 415.29M | 425.82M | 443.83M | 458.91M | 450.59M | 466.13M | 471.67M | 492.3M | 507.05M | 526.37M | 551.7M | 585.58M | 599.71M | 596.36M | 554.19M | 573.55M | 511.54M | 477.62M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -517K | 401K | 171K | 325K | -1.08M | -1.43M | 135K | -1.36M | -1.28M | -768K | -2.92M | -2.6M | -2.45M | -3.62M | -3.93M | -2.96M | -1.59M | 910K | 1.75M | 1.77M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |