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Stock Transactions and Unit Purchases (Tables)

9 Months Ended

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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Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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