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Earnings Per Share and Weighted-Average Shares Outstanding (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Basic Earnings Per Share | The following is the calculation of Newmark’s basic EPS (in thousands, except per share data):
|  | Three Months Ended June 30, | Six Months Ended June 30, |  |
|  | 2024 |  | 2023 | 2024 |  | 2023 |  |
Basic earnings per share: |  |  |  |  |  |  |  |  |
Net income (loss) available to common stockholders |  | $ | 14,280 |  |  | $ | 6,429 |  | $ | (1,973) |  |  | $ | (3,921) |  |  |
Basic weighted-average shares of common stock outstanding |  | 173,469 |  |  | 173,939 |  | 174,121 |  |  | 173,254 |  |  |
Basic earnings per share |  | $ | 0.08 |  |  | $ | 0.04 |  | $ | (0.01) |  |  | $ | (0.02) |  |  |
Schedule of Fully Diluted Earnings Per Share | The following is the calculation of Newmark’s fully diluted EPS (in thousands, except per share data):
|  | Three Months Ended June 30, | Six Months Ended June 30, |
|  | 2024 |  | 2023 |  | 2024 |  | 2023 |
Fully diluted earnings per share: |  |  |  |  |  |  |  |  |
Net income (loss) available to common stockholders |  | $ | 14,280 |  |  | $ | 6,429 |  |  | $ | (1,973) |  |  | $ | (3,921) |  |
Allocations of net income to limited partnership interests in Newmark Holdings, net of tax |  | 6,302 |  |  | 2,421 |  |  | — |  |  | — |  |
Net income (loss) for fully diluted shares |  | $ | 20,582 |  |  | $ | 8,850 |  |  | $ | (1,973) |  |  | $ | (3,921) |  |
Weighted-average shares: |  |  |  |  |  |  |  |  |
Common stock outstanding |  | 173,469 |  |  | 173,939 |  |  | 174,121 |  |  | 173,254 |  |
Partnership units(1) |  | 77,955 |  |  | 69,633 |  |  | — |  |  | — |  |
RSUs (Treasury stock method) |  | 3,789 |  |  | 879 |  |  | — |  |  | — |  |
Newmark exchange shares |  | 391 |  |  | 503 |  |  | — |  |  | — |  |
Fully diluted weighted-average shares of common stock outstanding |  | 255,604 |  |  | 244,954 |  |  | 174,121 |  |  | 173,254 |  |
Fully diluted earnings per share |  | $ | 0.08 |  |  | $ | 0.04 |  |  | $ | (0.01) |  |  | $ | (0.02) |  |
(1)Partnership units collectively include FPUs, limited partnership units, and Cantor Units (see Note 2 — “Limited Partnership Interests in Newmark Holdings and BGC Holdings” for more information).

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