Newmark Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Newmark Group Inc reported revenue of $3.3B (+20.3% year on year) and net income of 173.0M (+182.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $3.3B | $2.7B | $2.5B | $2.7B |
| Compensation and employee benefits | $1.9B | $1.6B | $1.5B | $1.6B |
| Equity-based compensation and allocations of net income to limited partnership units and FPUs | $282.0M | $185.4M | $139.7M | $138.3M |
| Total compensation and employee benefits | $2.2B | $1.8B | $1.6B | $1.7B |
| Operating, administrative and other | $658.9M | $597.6M | $536.7M | $534.8M |
| Fees to related parties | $33.3M | $26.4M | $27.2M | $28.5M |
| Depreciation and amortization | $181.3M | $174.3M | $166.2M | $165.8M |
| Total operating expenses | $3.1B | $2.6B | $2.4B | $2.4B |
| Other income (loss), net | $43.0M | $6.7M | $13.9M | ($97.7M) |
| Income (loss) from operations | $234.0M | $163.0M | $125.2M | $185.6M |
| Interest expense, net | ($32.5M) | ($31.8M) | ($21.7M) | ($31.0M) |
| Income (loss) before income taxes and noncontrolling interests | $201.5M | $131.3M | $103.5M | $154.6M |
| Provision (benefit) for income taxes | $46.1M | $45.8M | $41.1M | $42.1M |
| Consolidated net income (loss) | $155.4M | $85.5M | $62.4M | $112.5M |
| Less: Net income (loss) attributable to noncontrolling interests | $29.3M | $24.3M | $19.8M | $29.3M |
| Net income (loss) available to common stockholders | $126.2M | $61.2M | $42.6M | $83.3M |
| Basic earnings per share (in dollars per share) | $0.71 | $0.36 | $0.25 | $0.46 |
| Basic weighted-average shares of common stock outstanding (in shares) | 178.5M | 172.2M | 173.5M | 180.3M |
| Net income (loss) for fully diluted shares | 173.0M | 61.2M | 42.6M | 110.4M |
| Fully diluted earnings per share (in dollars per share) | $0.68 | $0.34 | $0.24 | $0.45 |
| Fully diluted weighted-average shares of common stock outstanding (in shares) | 253.4M | 177.7M | 176.4M | 245.2M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total Revenues | $888.4M | $846.5M | $863.5M | $759.1M |
| Compensation and employee benefits | $539.7M | $515.6M | $510.2M | $455.0M |
| Equity-based compensation and allocations of net income to limited partnership units and FPUs | $68.1M | $68.4M | $81.1M | $60.1M |
| Total compensation and employee benefits | $607.8M | $584.0M | $591.3M | $515.2M |
| Operating, administrative and other | $186.1M | $181.4M | $175.3M | $151.0M |
| Fees to related parties | $8.1M | $8.5M | $8.2M | $7.8M |
| Depreciation and amortization | $46.0M | $46.2M | $45.5M | $42.6M |
| Total operating expenses | $848.0M | $820.2M | $820.3M | $716.6M |
| Other income (loss), net | $16.0K | $644.0K | $42.0M | $230.0K |
| Income (loss) from operations | $40.4M | $27.0M | $85.2M | $42.7M |
| Interest expense, net | ($7.4M) | ($6.9M) | ($8.0M) | ($9.0M) |
| Income (loss) before income taxes and noncontrolling interests | $33.0M | $20.0M | $77.2M | $33.7M |
| Provision (benefit) for income taxes | $9.6M | $3.4M | $18.7M | $4.2M |
| Consolidated net income (loss) | $23.4M | $16.6M | $58.5M | $29.5M |
| Less: Net income (loss) attributable to noncontrolling interests | $3.7M | $2.2M | $12.3M | $8.7M |
| Net income (loss) available to common stockholders | $19.7M | $14.4M | $46.2M | $20.8M |
| Basic earnings per share (in dollars per share) | $0.11 | $0.08 | $0.26 | $0.12 |
| Basic weighted-average shares of common stock outstanding (in shares) | 178.6M | 182.6M | 177.2M | 179.6M |
| Net income (loss) for fully diluted shares | 27.1M | 19.6M | 64.0M | 28.8M |
| Fully diluted earnings per share (in dollars per share) | $0.11 | $0.08 | $0.25 | $0.11 |
| Fully diluted weighted-average shares of common stock outstanding (in shares) | 251.9M | 256.0M | 251.7M | 252.6M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $229.1M | $197.7M | $164.9M | $233.0M |
| Restricted cash and short-term investments | $120.2M | — | — | — |
| Loans held for sale, at fair value | $913.3M | $774.9M | $528.9M | $138.3M |
| Receivables, net | $628.4M | $604.9M | $622.5M | $523.7M |
| Other current assets (see Note 17) | $114.0M | $88.0M | $95.9M | $100.2M |
| Total current assets | $2.0B | $1.8B | $1.5B | $1.1B |
| Goodwill | $802.0M | $770.9M | $776.5M | $705.9M |
| Mortgage servicing rights, net | $518.0M | $517.6M | $531.2M | $568.6M |
| Loans, forgivable loans and other receivables from employees and partners, net | $862.2M | $769.4M | $651.2M | $500.8M |
| Right-of-use assets | $447.8M | $500.5M | $596.4M | $638.6M |
| Fixed assets, net | $156.5M | $166.7M | $178.0M | $155.6M |
| Other intangible assets, net | $76.3M | $64.5M | $83.6M | $81.0M |
| Other assets (see Note 17) | $151.3M | $147.9M | $148.5M | $214.3M |
| Total assets | $5.0B | $4.7B | $4.5B | $3.9B |
| Warehouse facilities collateralized by U.S. Government Sponsored Enterprises | $892.4M | $754.3M | $498.6M | $137.4M |
| Accrued compensation | $440.3M | $448.2M | $400.8M | $369.5M |
| Accounts payable, accrued expenses and other liabilities (see Note 26) | $572.3M | $577.9M | $583.6M | $511.6M |
| Payables to related parties | $1.8M | $0 | $6.6M | $9.7M |
| Total current liabilities | $1.9B | $1.8B | $1.5B | $1.6B |
| Long-term debt | $671.7M | $670.7M | $547.3M | $0 |
| Right-of-use liabilities | $437.2M | $489.8M | $598.0M | $627.1M |
| Other long-term liabilities (see Note 26) | $251.5M | $231.1M | $241.7M | $196.2M |
| Total liabilities | $3.3B | $3.2B | $2.9B | $2.4B |
| Redeemable partnership interests | $12.0M | $13.9M | $16.2M | $16.6M |
| Common stock value | $2.7M | $2.5M | $2.3M | $2.2M |
| Additional paid-in capital | $998.9M | $753.0M | $657.7M | $584.7M |
| Retained earnings | $1.3B | $1.2B | $1.2B | $1.1B |
| Treasury stock at cost: 86,125,782 and 74,983,414 shares of Class A common stock at December 31, 2025 and December 31, 2024, respectively | -854.6M | -745.9M | -569.2M | -538.6M |
| Accumulated other comprehensive loss | $2.8M | ($11.3M) | ($4.6M) | ($12.0M) |
| Total stockholders’ equity | $1.5B | $1.2B | $1.3B | $1.2B |
| Noncontrolling interests | $278.2M | $318.6M | $325.8M | $343.5M |
| Total equity | $1.7B | $1.5B | $1.6B | $1.5B |
| Total liabilities, redeemable partnership interests, and equity | $5.0B | $4.7B | $4.5B | $3.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $259.7M | $212.1M | $224.1M | $195.8M |
| Restricted cash and short-term investments | $127.7M | $122.9M | $114.7M | — |
| Loans held for sale, at fair value | $930.5M | $1.1B | $1.4B | $1.3B |
| Receivables, net | $660.1M | $679.7M | $584.8M | $566.8M |
| Other current assets (see Note 17) | $121.7M | $116.8M | $118.8M | $118.1M |
| Total current assets | $2.1B | $2.3B | $2.4B | $2.3B |
| Goodwill | $799.6M | $798.3M | $782.5M | $788.7M |
| Mortgage servicing rights, net | $513.0M | $514.2M | $508.1M | $500.0M |
| Loans, forgivable loans and other receivables from employees and partners, net | $909.0M | $900.3M | $856.5M | $870.6M |
| Right-of-use assets | $409.1M | $416.1M | $469.4M | $495.0M |
| Fixed assets, net | $160.9M | $154.4M | $157.1M | $159.3M |
| Other intangible assets, net | $70.8M | $75.0M | $50.3M | $58.7M |
| Other assets (see Note 17) | $226.1M | $147.8M | $194.0M | $174.0M |
| Total assets | $5.2B | $5.3B | $5.5B | $5.4B |
| Warehouse facilities collateralized by U.S. Government Sponsored Enterprises | $909.1M | $1.1B | $1.4B | $1.3B |
| Accrued compensation | $405.8M | $399.7M | $391.0M | $338.8M |
| Accounts payable, accrued expenses and other liabilities (see Note 26) | $599.0M | $572.9M | $626.0M | $617.5M |
| Payables to related parties | $5.6M | $2.3M | $4.8M | $11.8M |
| Total current liabilities | $1.9B | $2.1B | $2.4B | $2.3B |
| Long-term debt | $867.3M | $832.0M | $746.5M | $871.2M |
| Right-of-use liabilities | $397.4M | $406.6M | $459.5M | $484.4M |
| Other long-term liabilities (see Note 26) | $254.9M | $249.3M | $250.9M | $250.4M |
| Total liabilities | $3.4B | $3.6B | $3.8B | $3.9B |
| Redeemable partnership interests | $10.2M | $11.0M | $11.5M | $11.5M |
| Common stock value | $2.8M | $2.7M | $2.6M | $2.6M |
| Additional paid-in capital | $1.1B | $1.0B | $965.7M | $916.4M |
| Retained earnings | $1.3B | $1.3B | $1.2B | $1.2B |
| Treasury stock at cost: 96,545,653 and 86,125,782 shares of Class A common stock at June 30, 2026 and December 31, 2025, respectively | -982.1M | -969.6M | -852.2M | -852.2M |
| Accumulated other comprehensive loss | $66.0K | ($1.6M) | $2.6M | $4.7M |
| Total stockholders’ equity | $1.4B | $1.4B | $1.4B | $1.3B |
| Noncontrolling interests | $302.3M | $281.6M | $252.0M | $233.5M |
| Total equity | $1.7B | $1.7B | $1.6B | $1.5B |
| Total liabilities, redeemable partnership interests, and equity | $5.2B | $5.3B | $5.5B | $5.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Consolidated net income (loss) | $155.4M | $85.5M | $62.4M | $112.5M |
| Gains on originated mortgage servicing rights | ($119.2M) | ($104.0M) | ($75.7M) | ($130.3M) |
| Depreciation and amortization | $181.3M | $174.3M | $166.2M | $165.8M |
| Lease impairment | $0 | $0 | $7.6M | $14.4M |
| Provision (benefit) for credit losses on the financial guarantee liability | $4.3M | ($1.9M) | $2.6M | — |
| Provision (reversal) for doubtful accounts | $9.4M | $230.0K | ($2.2M) | $6.6M |
| Equity-based compensation and allocation of net income to limited partnership units and FPUs | $282.0M | $185.4M | $139.7M | $138.3M |
| Employee loan amortization and other non-cash compensation expense | $155.3M | $123.9M | $92.9M | $84.1M |
| Deferred tax provision (benefit) | $16.8M | $1.0M | ($5.2M) | ($24.5M) |
| Non-cash changes in acquisition related earn-outs | $975.0K | ($3.8M) | $5.2M | ($1.3M) |
| Unrealized (gains) on loans held for sale | ($12.2M) | ($10.2M) | ($26.7M) | ($712.0K) |
| Income from an equity method investment | $0 | $0 | ($14.2M) | ($2.8M) |
| Loan originations—loans held for sale | ($10.7B) | ($8.6B) | ($6.9B) | ($7.8B) |
| Loan sales—loans held for sale | $10.6B | $8.4B | $6.5B | $8.8B |
| Other | $5.9M | ($1.1M) | $1.7M | $2.2M |
| Consolidated net income (loss), adjusted for non-cash and non-operating items | $553.8M | $213.5M | ($5.1M) | $1.4B |
| Receivables, net | ($31.2M) | $17.7M | ($69.3M) | $42.4M |
| Loans, forgivable loans and other receivables from employees and partners, net | ($220.2M) | ($211.9M) | ($243.3M) | ($131.6M) |
| Right-of-use assets | $52.7M | $95.9M | $54.1M | ($42.0M) |
| Receivable from related parties | $326.0K | ($326.0K) | $0 | $8.3M |
| Other assets | ($7.7M) | $3.2M | ($9.0M) | $8.7M |
| Accrued compensation | ($90.2M) | ($15.1M) | ($22.3M) | ($102.3M) |
| Right-of-use liability | ($59.7M) | ($106.9M) | ($39.7M) | $51.6M |
| Accounts payable, accrued expenses and other liabilities | ($27.8M) | $629.0K | $71.7M | ($35.3M) |
| Payables to related parties | $1.8M | ($6.6M) | ($3.1M) | ($5.3M) |
| Net cash provided by (used in) operating activities | $172.0M | ($9.9M) | ($266.0M) | $1.2B |
| Payments for acquisitions, net of cash acquired and proceeds from divestitures | ($53.4M) | $0 | ($99.9M) | — |
| Proceeds from the exercise of redemption option | $0 | $0 | $105.5M | — |
| Purchase of non-marketable investments | $0 | ($312.0K) | $0 | ($2.7M) |
| Payments for intangible assets | $0 | ($1.5M) | — | — |
| Purchases of fixed assets | ($29.4M) | ($31.5M) | ($55.4M) | ($62.2M) |
| Purchase of restricted short-term investments | ($334.4M) | — | — | — |
| Proceeds from maturity of restricted short-term investments | $219.0M | — | — | — |
| Net cash provided by (used in) investing activities | ($198.1M) | ($33.4M) | ($49.7M) | $308.6M |
| Proceeds from warehouse facilities | $10.7B | $8.6B | $6.9B | $7.8B |
| Principal payments on warehouse facilities | ($10.6B) | ($8.4B) | ($6.6B) | ($8.7B) |
| Borrowing of debt | $520.0M | $845.0M | $930.0M | $0 |
| Repayment of debt | ($520.0M) | ($720.0M) | ($930.0M) | $0 |
| Purchase of limited partnership interests | $0 | ($12.3M) | — | — |
| Treasury stock repurchases | ($127.1M) | ($212.6M) | ($37.4M) | ($294.8M) |
| Earnings and tax distributions to limited partnership interests and other noncontrolling interests | ($31.6M) | ($38.7M) | ($35.4M) | ($81.0M) |
| Dividends to stockholders | ($21.7M) | ($20.6M) | ($20.9M) | ($17.9M) |
| Payments on acquisition earn-outs | ($943.0K) | $0 | ($983.0K) | ($6.5M) |
| Deferred financing costs | ($1.7M) | ($7.0M) | ($5.1M) | ($5.1M) |
| Net cash provided by (used in) financing activities | ($44.8M) | $89.5M | $261.5M | ($1.5B) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Consolidated net income (loss) | $40.0M | $16.6M | $72.0M | $13.6M |
| Gains on originated mortgage servicing rights | ($54.3M) | ($26.1M) | ($77.4M) | ($39.0M) |
| Depreciation and amortization | $92.2M | $46.2M | $134.4M | $89.0M |
| Provision (benefit) for credit losses on the financial guarantee liability | $4.8M | $1.5M | $5.2M | $3.5M |
| Provision (reversal) for doubtful accounts | $3.4M | $2.7M | $8.1M | $5.6M |
| Equity-based compensation and allocation of net income to limited partnership units and FPUs | $136.5M | $68.4M | $215.6M | $134.5M |
| Employee loan amortization and other non-cash compensation expense | $71.5M | $33.3M | $111.2M | $71.2M |
| Deferred tax provision (benefit) | ($195.0K) | — | ($10.1M) | ($774.0K) |
| Non-cash changes in acquisition related earn-outs | $399.0K | $200.0K | $587.0K | $388.0K |
| Unrealized (gains) on loans held for sale | ($14.8M) | ($9.4M) | ($32.1M) | ($39.2M) |
| Loan originations—loans held for sale | ($4.7B) | ($2.6B) | ($7.2B) | ($3.9B) |
| Loan sales—loans held for sale | $4.7B | $2.4B | $6.6B | $3.4B |
| Other | $689.0K | $184.0K | $5.2M | $469.0K |
| Consolidated net income (loss), adjusted for non-cash and non-operating items | $277.9M | ($85.1M) | ($160.5M) | ($295.9M) |
| Receivables, net | ($30.8M) | ($49.7M) | $11.6M | $32.1M |
| Loans, forgivable loans and other receivables from employees and partners, net | ($101.0M) | ($63.3M) | ($177.3M) | ($157.9M) |
| Right-of-use assets | $39.3M | $32.3M | $31.1M | $5.5M |
| Receivable from related parties | $0 | $0 | $326.0K | $326.0K |
| Other assets | ($15.3M) | ($1.8M) | ($50.7M) | ($38.6M) |
| Accrued compensation | ($35.2M) | ($38.2M) | ($105.8M) | ($143.2M) |
| Right-of-use liability | ($44.6M) | ($34.1M) | ($35.3M) | ($7.5M) |
| Accounts payable, accrued expenses and other liabilities | $20.6M | ($8.2M) | $35.3M | $34.3M |
| Payables to related parties | $3.8M | $427.0K | $4.8M | $11.8M |
| Net cash provided by (used in) operating activities | $114.9M | ($247.6M) | ($446.5M) | ($559.1M) |
| Payments for acquisitions, net of cash acquired and proceeds from divestitures | ($2.4M) | ($2.4M) | — | — |
| Purchase of non-marketable investments | ($500.0K) | ($500.0K) | $0 | $0 |
| Payments for convertible debt and other contract assets | ($72.1M) | — | — | — |
| Purchases of fixed assets | ($31.0M) | ($10.2M) | ($19.7M) | ($11.9M) |
| Purchase of restricted short-term investments | ($123.8M) | — | ($215.3M) | — |
| Proceeds from maturity of restricted short-term investments | $118.0M | — | $105.0M | — |
| Net cash provided by (used in) investing activities | ($111.8M) | ($13.2M) | ($130.0M) | ($11.9M) |
| Proceeds from warehouse facilities | $4.7B | $2.6B | $7.2B | $3.9B |
| Principal payments on warehouse facilities | ($4.7B) | ($2.4B) | ($6.6B) | ($3.4B) |
| Borrowing of debt | $285.0M | $175.0M | $420.0M | $420.0M |
| Repayment of debt | ($90.0M) | ($15.0M) | ($345.0M) | ($220.0M) |
| Treasury stock repurchases | ($151.1M) | ($136.3M) | ($125.5M) | ($125.5M) |
| Earnings and tax distributions to limited partnership interests and other noncontrolling interests | ($17.1M) | ($4.0M) | ($28.0M) | ($22.9M) |
| Dividends to stockholders | ($16.2M) | ($5.4M) | ($16.3M) | ($11.0M) |
| Payments on acquisition earn-outs | $0 | $0 | ($943.0K) | ($943.0K) |
| Deferred financing costs | ($593.0K) | — | ($1.7M) | ($450.0K) |
| Net cash provided by (used in) financing activities | $26.7M | $246.5M | $498.7M | $575.8M |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $29.7M | ($14.3M) | ($77.8M) | $4.7M |
| Cash and cash equivalents and restricted cash at beginning of period | $233.9M | $233.9M | $304.9M | $304.9M |
| Cash and cash equivalents and restricted cash at end of period | $263.6M | $219.6M | $227.0M | $309.6M |
| Interest | $27.3M | $23.7M | $53.8M | $27.7M |
Newmark Group Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.