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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Schedule of Restricted Cash and Short-Term Investments Restricted cash and short-term investments consisted of the following (in thousands):
September 30, 2025December 31, 2024
Restricted cash
$2,953 $107,174 
Restricted short-term investments
111,729 — 
Restricted cash and short-term investments
$114,682 $107,174 

Restricted cash and short-term investments had a cost basis and fair value as follows (in thousands):

Cost Basis
Fair Value
Restricted cash
$2,953 $2,953 
Restricted short-term investments (greater than three months maturity)
$111,729 $113,626 
September 30, 2025$114,682 $116,579 
Schedule of Cash and Cash Equivalents
Cash and cash equivalents and restricted cash on the accompanying unaudited condensed consolidated statements of cash flows consisted of the following (in thousands):

September 30, 2025September 30, 2024
Cash and cash equivalents$224,091 $178,583 
Restricted Cash2,953 105,755 
Cash and cash equivalents and restricted cash
$227,044 $284,338 
Schedule of Restricted Cash
Cash and cash equivalents and restricted cash on the accompanying unaudited condensed consolidated statements of cash flows consisted of the following (in thousands):

September 30, 2025September 30, 2024
Cash and cash equivalents$224,091 $178,583 
Restricted Cash2,953 105,755 
Cash and cash equivalents and restricted cash
$227,044 $284,338 
Schedule of Revenue by Segment Newmark recognized revenues as follows (in thousands): 
 Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
Management Services, Servicing Fees and Other
$318,127 $282,623 $900,417 $802,335 
Leasing and Other Commissions
244,008 214,581 689,344 581,937 
Capital Markets
301,325 188,708 698,305 481,514 
Revenues$863,460 $685,912 $2,288,066 $1,865,786 
Schedule of Revenue by Geographic Area
The Company offers products and services in the U.S., U.K., Asia, Other Europe, and Other Americas. Information regarding revenues is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
U.S.$756,928 $594,139 $1,998,576 $1,607,862 
U.K.61,24251,006165,858147,283
Other (1)
45,29040,767123,632110,641
Revenues$863,460 $685,912 $2,288,066 $1,865,786 
(1) Other includes Asia, Other Europe and Other Americas.