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Derivatives (Tables) | 12 Months Ended
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Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Contracts | The fair value of derivative contracts, computed in accordance with Newmark’s netting policy, is set forth below (in thousands):
|  | December 31, 2025 |  | December 31, 2024
Derivative contract |  | Assets |  | Liabilities |  | Notional Amounts(1) |  | Assets |  | Liabilities |  | Notional Amounts(1)
Rate lock commitments |  | $ | 3,241 |  |  | $ | 607 |  |  | $ | 110,013 |  |  | $ | 1,010 |  |  | $ | 1,350 |  |  | $ | 81,717 |
Forward Sales Contracts |  | 2,799 |  |  | 1,809 |  |  | 1,011,144 |  |  | 7,491 |  |  | 3,253 |  |  | 846,384 |
Total |  | $ | 6,040 |  |  | $ | 2,416 |  |  | $ | 1,121,157 |  |  | $ | 8,501 |  |  | $ | 4,603 |  |  | $ | 928,101 |
(1)Notional amounts represent the sum of gross long and short derivative contracts, an indication of the volume of Newmark’s derivative activity, and do not represent anticipated losses.
Schedule of Gain (Loss) on Change in Fair Value of Derivatives Included in Condensed Consolidated Statements of Operations | Gains and losses on derivative contracts, which are included on the accompanying consolidated statements of operations, were as follows (in thousands):
|  | Location of gains (losses) recognized in income for derivatives |  |  |  | Year Ended December 31,
|  |  |  |  |  |  | 2025 |  | 2024 |  | 2023
Derivatives not designed as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Rate lock commitments |  | Capital markets |  |  |  |  |  | 3,221 |  |  | (226) |  |  | 9,274 |
Rate lock commitments |  | Compensation and employee benefits |  |  |  |  |  | (587) |  |  | (114) |  |  | (693) |
Forward Sale Contracts |  | Capital markets |  |  |  |  |  | 990 |  |  | 4,238 |  |  | (19,045) |
Total |  |  |  |  |  |  |  | $ | 3,624 |  |  | $ | 3,898 |  |  | $ | (10,464) |

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