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Stock Transactions and Unit Purchases (Tables) | 9 Months Ended
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Sep. 30, 2025
Equity [Abstract] |
Schedule of Changes in Common Stock Outstanding | Changes in shares of Newmark’s Class A common stock outstanding were as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
|  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |
Shares outstanding at beginning of period |  | 154,352,509 |  |  | 150,384,929 |  |  | 149,506,832 |  |  | 152,639,359 |  |  |
Share issuances: |  |  |  |  |  |  |  |  |  |
LPU redemption/exchange |  | 2,675,722 |  |  | 2,969,977 |  |  | 15,726,341 |  |  | 8,137,918 |  |  |
Issuance of Class A common stock for Newmark RSUs |  | 463,605 |  |  | 414,611 |  |  | 2,635,130 |  |  | 1,856,950 |  |  |
Other |  | — |  |  | (26,879) |  |  | 463,207 |  |  | 74,513 |  |  |
Treasury stock repurchases |  | — |  |  | (6,779,828) |  |  | (10,839,674) |  |  | (15,745,930) |  |  |
Shares outstanding at end of period |  | 157,491,836 |  |  | 146,962,810 |  |  | 157,491,836 |  |  | 146,962,810 |  |  |
Schedule of Share Repurchase Activity | The gross share repurchases of Newmark’s Class A common stock during the nine months ended September 30, 2025 were as follows (in thousands, except shares and per share amounts):
| Total Number of Shares Repurchased |  | Average Price Paid per Share |  | Approximate Dollar Value of Units and Shares That May Yet Be Repurchased/ Purchased Under the Program
Repurchases |  |  |  |  |
January 1, 2025 - March 31, 2025 | — |  |  | $ | — |  |  |
April 1, 2025 - June 30, 2025(1) | 10,839,674 |  |  | $ | 11.58 |  |  |
July 2025 | — |  |  | $ | — |  |  |
August 2025 | — |  |  | $ | — |  |  |
September 2025 | — |  |  | $ | — |  |  |
Total Repurchases | 10,839,674 |  |  | $ | 11.58 |  |  | $ | 246,397 |
(1) On May 16, 2025, Mr. Howard W. Lutnick agreed to sell 10.8 million shares of Newmark Class A common stock beneficially owned by him to Newmark at a price of $11.58 per share pursuant to the Company’s Share Repurchase and Unit Purchase Authorization. Such repurchase closed on May 19, 2025, and was approved by the Audit Committee. See Note 23 — “Related Party Transactions — Transactions with Executive Officers and Directors — Howard W. Lutnick, Former Executive Chairman — Sale of Newmark Class A Common Stock to the Company” for further information.
Schedule of Changes in Carrying Amount of Redeemable Partnership Interest | The changes in the carrying amount of FPUs follow (in thousands):
| September 30, 2025 |  | December 31, 2024
Balance at beginning of period: | $ | 13,900 |  |  | $ | 16,244 |
Income allocation | 816 |  |  | 1,428 |
Distributions of income | (1,391) |  |  | (1,196) |
Issuance and other | (1,809) |  |  | (2,576) |
Balance at end of period | $ | 11,516 |  |  | $ | 13,900 |

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