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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Restricted Cash and Short-Term Investments Restricted cash and short-term investments consisted of the following (in thousands):
December 31, 2025December 31, 2024
Restricted cash
$4,797 $107,174 
Restricted short-term investments
115,379 — 
Restricted cash and short-term investments
$120,176 $107,174 

Restricted cash and short-term investments had a cost basis and fair value as follows (in thousands):
Cost Basis
Fair Value
Restricted cash
$4,797 $4,797 
Restricted short-term investments (greater than three months maturity)
$115,379 $116,175 
December 31, 2025$120,176 $120,972 
Schedule of Cash and Cash Equivalents
Cash and cash equivalents and restricted cash on the accompanying consolidated statements of cash flows consisted of the following (in thousands):

December 31, 2025December 31, 2024
Cash and cash equivalents$229,109 $197,691 
Restricted Cash4,797 107,174 
Cash and cash equivalents and restricted cash
$233,906 $304,865 
Schedule of Restricted Cash
Cash and cash equivalents and restricted cash on the accompanying consolidated statements of cash flows consisted of the following (in thousands):

December 31, 2025December 31, 2024
Cash and cash equivalents$229,109 $197,691 
Restricted Cash4,797 107,174 
Cash and cash equivalents and restricted cash
$233,906 $304,865 
Schedule of Revenue by Segment Newmark recognized revenues as follows (in thousands): 
 Year Ended December 31,
 202520242023
Management services, servicing fees and other$1,244,233 $1,106,699 $970,877 
Leasing and other commissions1,002,562 857,617 839,595 
Capital markets
1,047,229 774,186 659,896 
Revenues$3,294,024 $2,738,502 $2,470,368 
Schedule of Revenue by Geographic Area
The Company offers products and services in the U.S., U.K., Asia, Other Europe, and Other Americas. Information regarding revenues is as follows (in thousands):
Year Ended December 31,
202520242023
U.S.$2,871,998 $2,375,348 $2,161,090 
U.K.234,827 210,570154,380
Other (1)
187,199 152,584154,898
Revenues$3,294,024 $2,738,502 $2,470,368 
(1) Other includes Asia, Other Europe and Other Americas.
Schedule of Components of Fixed Assets, Net Fixed assets are depreciated over their estimated useful lives as follows:
Leasehold improvements and other fixed assetsshorter of the remaining term of lease or useful life
Software, including software development costs
3-5 years straight-line
Computer and communications equipment
3-5 years straight-line
Fixed assets, net consisted of the following (in thousands):
December 31, 2025December 31, 2024
Leasehold improvements, furniture and fixtures, and other fixed assets$266,585 $254,337 
Software, including software development costs76,567 64,680 
Computer and communications equipment45,117 41,144 
Total, cost388,269 360,161 
Accumulated depreciation and amortization(231,779)(193,432)
Total, net$156,490 $166,729