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Marcus & Millichap reported a 15.1% revenue increase in Q3 2025 compared to Q3 2024, with total revenue of $193.9 million. Net income was $0.2 million, or $0.01 per share, including a $0.08 loss per share accrual for litigation. Adjusted EBITDA was $6.9 million, compared to breakeven last year. The company's private client business showed strength in sales and financing, while expansion into larger transactions remains on track.

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