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Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Expense
The Company incurred compensation expense related to Class A common stock, LPUs (prior to the Corporate Conversion) and RSUs held by BGC employees as follows (in thousands):
Three Months Ended March 31,
20252024
Issuance of common stock and grants of exchangeability$26,641 $33,832 
Allocations of net income and dividend equivalents¹551 1,294 
RSU, RSU Tax Account, and restricted stock amortization48,131 60,955 
Equity-based compensation and allocations of net income
to limited partnership units and FPUs
$75,323 $96,081 
____________________________
1Prior to the Corporate Conversion, certain LPUs generally received quarterly allocations of net income, including the Preferred Distribution, and were generally contingent upon services being provided by the unit holders. Subsequent to the Corporate Conversion, this includes dividend equivalents on participating securities, the Preferred Return on certain RSU Tax Accounts, and quarterly allocations of net income, including the Preferred Distribution to LPUs held by BGC employees in Newmark Holdings.
Compensation expense related to the issuance of BGC or Newmark Class A common stock and grants of exchangeability on BGC Holdings (prior to the Corporate Conversion) and Newmark Holdings LPUs held by BGC employees is as follows (in thousands):
Three Months Ended March 31,
20252024
Issuance of common stock and grants of exchangeability$26,641 $33,832 
Compensation expense related to RSUs held by BGC employees is as follows (in thousands):
Three Months Ended March 31,
20252024
RSU amortization
$39,657 $19,467 
Schedule of Activity Associated with Limited Partnership Units Held by BGC Employees
A summary of the activity associated with Newmark Holdings LPUs held by BGC employees is as follows (in thousands):
Newmark
LPUs
Balance at December 31, 20242,936 
Granted— 
Redeemed/exchanged units(423)
Forfeited units(22)
Balance at March 31, 20252,491 
Schedule of the BGC Holdings and Newmark Holdings LPUs held by BGC Employees
A summary of the Newmark Holdings LPUs held by BGC employees as of March 31, 2025 is as follows (in thousands):
Newmark
LPUs
Regular Units1,651 
Preferred Units840 
Balance at March 31, 20252,491 
Schedule of Activity Associated with Limited Partnership Units Awarded to BGC Employees
A summary of the LPUs redeemed in connection with the issuance of Newmark Class A common stock (at the then-current Exchange Ratio) or granted exchangeability for Newmark Class A common stock (at the then-current Exchange Ratio) held by BGC employees is as follows (in thousands):
Three Months Ended March 31,
20252024
Newmark Holdings LPUs99 61 
Schedule of Activity Associated with Restricted Stock Units
A summary of the activity associated with RSUs held by BGC employees and directors is as follows (RSUs and fair value amount in thousands):
RSUsWeighted-Average Grant
Date Fair Value		Fair Value AmountWeighted-Average Remaining
Contractual Term (Years)
Balance at December 31, 202472,498 $5.24 $379,974 4.58
Granted3,580 8.67 31,055 
Delivered(7,211)5.36 (38,683)
Forfeited(85)4.79 (411)
Balance at March 31, 202568,782 $5.41 $371,935 4.75
A summary of the activity associated with these restricted stock awards held by BGC employees is as follows (shares of restricted stock and dollars in thousands):
Restricted Stock
Weighted-Average Grant
Date Fair Value		Fair Value AmountWeighted-Average Remaining
Contractual Term (Years)
Balance at December 31, 20247,304 $4.81 $35,119 0.59
Granted— — — 
Delivered(2,973)3.88 (11,524)
Forfeited(248)4.92 (1,219)
Balance at March 31, 20254,083 $5.48 $22,376 0.73