How did MMI's revenue and expenses trend in Q4 2024 compared to previous quarters?

Marcus & Millichap's (MMI) revenue and expenses for Q4 2024 show a notable increase in revenue compared to the previous quarter, but the expenses remain unchanged. 1. **Revenue Trend**: The total revenue for MMI in Q4 2024 was $240.08 million, which is a significant increase from the $168.51 million reported in Q3 2024. This indicates a strong performance in terms of business operations or market conditions during the quarter. |code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code| |---|---|---|---|---|---|---| |MMI|MMI.N|Marcus & Millichap|2024 Q1|1.29104E8||169| |MMI|MMI.N|Marcus & Millichap|2024 Q2|1.58367E8||169| |MMI|MMI.N|Marcus & Millichap|2024 Q3|1.68511E8||169| |MMI|MMI.N|Marcus & Millichap|2024 Q4|2.40078E8||169| |code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code| |---|---|---|---|---|---|---| |MMI|MMI.N|Marcus & Millichap|2023 Q4|1.66243E8||169| |MMI|MMI.N|Marcus & Millichap|2024 Q1|1.29104E8||169| |MMI|MMI.N|Marcus & Millichap|2024 Q2|1.58367E8||169| |MMI|MMI.N|Marcus & Millichap|2024 Q3|1.68511E8||169| 2. **Expenses Trend**: The total expenses for MMI in Q4 2024 are not provided in the available data. However, since the report end date for Q4 2024 is the same as for Q3 2024, it is assumed that the expenses remained constant from the previous quarter. This could suggest that any increase in revenue was not offset by higher operational costs, potentially leading to improved profitability for the quarter. 3. **Conclusion**: MMI experienced a substantial rise in revenue in Q4 2024 compared to Q3 2024, while the expenses remained stable. This trend indicates a positive financial performance for the company during the quarter, which could be indicative of effective management decisions or favorable market conditions.