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Marcus & Millichap vs Offerpad Solutions: MMI and OPAD compared
Marcus & Millichap is the larger company: $208M of revenue in its latest quarter (Q3 2026) against $78.1M for Offerpad Solutions (Q3 2026). Marcus & Millichap is growing faster (+8% against -41% a year earlier). Marcus & Millichap is more profitable, with an operating margin of -0.4% against -12.0%.
Where the money goes: MMI and OPAD
Marcus & Millichap (MMI) · Q3 2026
Marcus & Millichap, Q3 2026: revenue $208M (+8% year over year), operating margin -0.4%, net earnings $1.0M, operating cash flow $33.2M. The chart follows the revenue to costs, profit and cash.
Offerpad Solutions (OPAD) · Q3 2026
Offerpad Solutions, Q3 2026: revenue $78.1M (-41% year over year), operating margin -12.0%, net loss $11.5M, operating cash flow −$143M. The chart follows the revenue to costs, profit and cash.
| Marcus & Millichap (MMI) | Offerpad Solutions (OPAD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $208M | $78.1M |
| Revenue growth, Y/Y | +8% | -41% |
| Operating margin | -0.4% | -12.0% |
| Net earnings | $1.0M | −$11.5M |
| Net margin | 0.5% | -14.7% |
| Operating cash flow | $33.2M | −$143M |
| Free cash flow | $31.3M | — |
Where the revenue comes from
Marcus & Millichap
- Real estate brokerage commissions: $174M (84%)
- Financing fees: $27.0M (13%)
- Other revenue: $7.3M (3%)
Offerpad Solutions
- Cash Offer: $72.2M (92%)
- Business to Business Renovate: $5.2M (7%)
- All Other Segments: $677K (1%)
Questions
Which is bigger, Marcus & Millichap or Offerpad Solutions?
Marcus & Millichap is the larger company: $208M of revenue in its latest quarter (Q3 2026) against $78.1M for Offerpad Solutions (Q3 2026).
Is Marcus & Millichap or Offerpad Solutions growing faster?
Marcus & Millichap is growing faster (+8% against -41% a year earlier).
Which is more profitable, Marcus & Millichap or Offerpad Solutions?
Marcus & Millichap is more profitable, with an operating margin of -0.4% against -12.0%.
More: Marcus & Millichap earnings · how Marcus & Millichap makes money · Offerpad Solutions earnings · how Offerpad Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.