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Goodwill and Other Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, Net | Goodwill and Other Intangible Assets, Net The changes in the carrying amount of goodwill were as follows (in thousands):
Balance, January 1, 2024 | $ | 776,547 |
Measurement period and currency translation adjustments | (5,661) |
Balance, December 31, 2024 | $ | 770,886 |
Acquisitions | 19,810 |
Divestiture | (4,001) |
Measurement period and currency translation adjustments | 15,345 |
Balance, December 31, 2025 | $ | 802,040 |
Goodwill is not amortized and is reviewed annually for impairment or more frequently if impairment indicators arise, in accordance with U.S. GAAP guidance on Goodwill and Other Intangible Assets. Newmark completed its annual goodwill impairment testing for the years ended December 31, 2025 and 2024, which did not result in a goodwill impairment. Other intangible assets consisted of the following (in thousands, except weighted-average life):
| December 31, 2025
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted- Average Remaining Life (Years)
Indefinite life: |  |  |  |  |  |  |
Trademark and trade names | $ | 12,850 |  |  | $ | — |  |  | $ | 12,850 |  |  | N/A
License agreements (GSE) | 5,390 |  |  | — |  |  | 5,390 |  |  | N/A
Definite life: |  |  |  |  |  |  |
Contractual customers | 84,554 |  |  | (42,748) |  |  | 41,806 |  |  | 11.4
Non-contractual customers | 24,031 |  |  | (18,465) |  |  | 5,566 |  |  | 4.0
Trademark and trade names | 12,959 |  |  | (12,659) |  |  | 300 |  |  | 0.8
Non-compete agreements | 12,496 |  |  | (9,380) |  |  | 3,116 |  |  | 3.2
Technology | 9,800 |  |  | (2,622) |  |  | 7,178 |  |  | 9.0
Other | 1,551 |  |  | (1,421) |  |  | 130 |  |  | 5.0
Total | $ | 163,631 |  |  | $ | (87,295) |  |  | $ | 76,336 |  |  | 9.9
| December 31, 2024
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted- Average Remaining Life (Years)
Indefinite life: |  |  |  |  |  |  |
Trademark and trade names | $ | 12,850 |  |  | $ | — |  |  | $ | 12,850 |  |  | N/A
License agreements (GSE) | 5,390 |  |  | — |  |  | 5,390 |  |  | N/A
Definite life: |  |  |  |  |  |  |
Contractual customers | 59,527 |  |  | (30,517) |  |  | 29,010 |  |  | 2.9
Non-contractual customers | 30,131 |  |  | (19,280) |  |  | 10,851 |  |  | 7.1
Trademark and trade names | 12,423 |  |  | (11,628) |  |  | 795 |  |  | 0.5
Non-compete agreements | 12,423 |  |  | (8,131) |  |  | 4,292 |  |  | 3.8
Other | 4,611 |  |  | (3,331) |  |  | 1,280 |  |  | 8.3
Total | $ | 137,355 |  |  | $ | (72,887) |  |  | $ | 64,468 |  |  | 3.9
Intangible amortization expense for the years ended December 31, 2025, 2024 and 2023 was $16.1 million, $19.8 million and $17.1 million respectively. Intangible amortization is included as a part of “Depreciation and amortization” on the accompanying consolidated statements of operations. Impairment charges are included in intangible amortization expense. The estimated future amortization of definite life intangible assets as of December 31, 2025 was as follows (in thousands):
2026 | $ | 13,883 |
2027 | 10,214 |
2028 | 6,161 |
2029 | 4,503 |
2030 | 2,336 |
Thereafter | 20,999 |
Total | $ | 58,096 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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