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Revenues from Contracts with Customers
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenues from Contracts with Customers Revenues from Contracts with Customers
The following table presents Newmark’s total revenues separately for its revenues from contracts with customers and other sources of revenues (in thousands):
 Year Ended December 31,
 202520242023
Revenues from contracts with customers:
Leasing and other commissions
$1,002,562 $857,617 $839,595 
Investment sales
559,392 417,684 381,276 
Mortgage brokerage and debt placement
254,250 164,686 126,934 
Management Services
954,098 833,002 725,034 
Total$2,770,302 $2,272,989 $2,072,839 
Other sources of revenue(1):
Fair value of expected net future cash flows from servicing recognized at commitment, net
$122,833 $100,171 $82,082 
Loan originations related fees and sales premiums, net
110,754 91,645 69,604 
Servicing fees and other
290,135 273,697 245,843 
Total$3,294,024 $2,738,502 $2,470,368 
(1)Although these items have customers under contract, they were recorded as other sources of revenue as they were excluded from the scope of ASC 606.

Disaggregation of Revenues
Newmark’s chief operating decision-maker, regardless of geographic location and service line, evaluates the operating results, including revenues, of Newmark as total real estate services (see Note 3 — “Summary of Significant Accounting Policies” for further discussion).

Contract Balances
The timing of Newmark’s revenue recognition may differ from the timing of payment by its customers. Newmark records a receivable when revenue is recognized prior to payment and Newmark has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, Newmark records deferred revenue until the performance obligations are satisfied.

Newmark’s deferred revenue primarily relates to customers paying in advance or billed in advance where the performance obligation has not yet been satisfied. Deferred revenue is recorded as a contract liability. Deferred revenue at December 31, 2025 and December 31, 2024 was $1.4 million and $1.3 million, respectively. During the years ended December 31, 2025, 2024 and 2023, Newmark recorded deferred revenue of $0.9 million, $0.7 million and $0.0 million, respectively, and recognized revenue of $1.0 million, $2.1 million and $1.7 million, respectively, that was recorded as deferred revenue at the beginning of the period.

For Knotel and Deskeo, the Company’s remaining performance obligations that represent contracted customer revenues, that have not yet been recognized as revenue as of December 31, 2025 and that will be recognized as revenue in future periods over the life of the customer contracts in accordance with ASC 606, are approximately $146.0 million. Over half of the remaining performance obligations as of December 31, 2025 are scheduled to be recognized as revenue within the next twelve months, with the remaining to be recognized over the remaining life of the customer contracts, which extends through 2030.

Approximate future cash flows to be received over the next five years as of December 31, 2025 are as follows (in thousands):

2026$95,181 
202736,073 
202812,870 
20291,667 
2030159 
Thereafter— 
Total$145,950