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Fair Value of Financial Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Hierarchy of Financial Assets and Liabilities under U.S. GAAP Guidance The following table sets forth by level within the fair value hierarchy financial assets and liabilities accounted for at fair value under U.S. GAAP guidance (in thousands):
 As of September 30, 2025
 Level 1Level 2Level 3Total
Assets:    
Marketable securities$37 $— $— $37 
Loans held for sale, at fair value— 1,400,208 — 1,400,208 
Rate lock commitments— — 8,259 8,259 
Forward Sales Contracts
— — 4,608 4,608 
Total $37 $1,400,208 $12,867 $1,413,112 
Liabilities:
Contingent consideration— — 24,004 24,004 
Rate lock commitments— — 1,636 1,636 
Forward Sales Contracts
— — 16,640 16,640 
Total $— $— $42,280 $42,280 
 As of December 31, 2024
 Level 1Level 2Level 3Total
Assets:    
Marketable securities$93 $— $— $93 
Loans held for sale, at fair value— 774,905 — 774,905 
Rate lock commitments— — 1,010 1,010 
Forward Sales Contracts
— — 7,491 7,491 
Total $93 $774,905 $8,501 $783,499 
Liabilities:
Contingent consideration$— $— $21,935 $21,935 
Rate lock commitments— — 1,350 1,350 
Forwards Sales Contracts
— — 3,253 3,253 
Total $— $— $26,538 $26,538 
Schedule of Changes in Level 3 RBC Forwards, Rate Lock Commitments, Forwards and Contingent Consideration Measured at Fair Value on Recurring Basis Changes in Level 3 rate lock commitments, Forward Sales Contracts and contingent consideration measured at fair value on recurring basis were as follows (in thousands):
 As of September 30, 2025
 Opening
Balance		Total realized
and unrealized
gains (losses)
included in
Net income		AdditionsSettlementsClosing
Balance		Unrealized
gains (losses)
outstanding
Assets:      
Rate lock commitments$1,010 $8,259 $— $(1,010)$8,259 $8,259 
Forward Sales Contracts
7,491 4,608 — (7,491)4,608 4,608 
Total $8,501 $12,867 $— $(8,501)$12,867 $12,867 
 Opening
Balance		Total realized
and unrealized
gains (losses)
included in
Net income		AdditionsSettlementsClosing
Balance		Unrealized
gains (losses)
outstanding
Liabilities:      
Contingent consideration$21,935 $2,712 $— $(643)$24,004 $2,712 
Rate lock commitments1,350 1,636 — (1,350)1,636 1,636 
Forward Sales Contracts
3,253 16,640 — (3,253)16,640 16,640 
Total $26,538 $20,988 $— $(5,246)$42,280 $20,988 
 
 As of December 31, 2024
 Opening
Balance		Total realized
and unrealized
gains (losses)
included in
Net income		AdditionsSettlementsClosing
Balance		Unrealized
gains (losses)
outstanding
Assets:      
Rate lock commitments$9,604 $1,010 $— $(9,604)$1,010 $1,010 
Forward Sales Contracts
1,259 7,491 — (1,259)7,491 7,491 
Total $10,863 $8,501 $— $(10,863)$8,501 $8,501 
 Opening
Balance		Total realized
and unrealized
gains (losses)
included in
Net income		AdditionsSettlementsClosing
Balance		Unrealized
gains (losses)
outstanding
Liabilities:      
Contingent consideration$25,740 $(3,236)$— $(569)$21,935 $(3,236)
Rate lock commitments1,023 1,350 — (1,023)1,350 1,350 
Forward Sales Contracts
20,304 3,253 — (20,304)3,253 3,253 
Total $47,067 $1,367 $— $(21,896)$26,538 $1,367 
Schedule of Quantitative Information about Level 3 Fair Value Measurements
The following tables present quantitative information about the significant unobservable inputs utilized by Newmark in the fair value measurement of Level 3 assets and liabilities measured at fair value on a recurring basis:
September 30, 2025
Level 3 assets and liabilitiesAssetsLiabilitiesSignificant Unobservable
Inputs		RangeWeighted
Average
Accounts payable, accrued expenses and other liabilities:
     
Contingent consideration$— $24,004 Discount rate
0.0% - 8.0%
(1)
3.5%
 Probability of meeting earnout and contingencies
99.0% - 100.0%
(1)
99.6%
 
Derivative assets and liabilities:
Forward Sales Contracts
$4,608 $16,640 Counterparty credit riskN/AN/A
Rate lock commitments$8,259 $1,636 Counterparty credit riskN/AN/A

December 31, 2024
Level 3 assets and liabilitiesAssetsLiabilitiesSignificant Unobservable
Inputs		RangeWeighted
Average
Accounts payable, accrued expenses and other liabilities:
     
Contingent consideration$— $21,935 Discount rate
0.0% - 8.0%
(1)
3.3%
 Probability of meeting earnout and contingencies
99.0% - 100.0%
(1)
99.6%
 
Derivative assets and liabilities:
Forward Sales Contracts
$7,491 $3,253 Counterparty credit riskN/AN/A
Rate lock commitments$1,010 $1,350 Counterparty credit riskN/AN/A
(1)Newmark’s estimate of contingent consideration as of September 30, 2025 and December 31, 2024 was based on the acquired business’ projected future financial performance, including revenues.