Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Revenue by Segment

Newmark recognized revenues as follows (in thousands): 

	Year Ended December 31,
	2024		2023		2022
Management services, servicing fees and other	$	1,106,699	$	970,877	$	909,485
Leasing and other commissions	857,617		839,595		831,874
Capital markets	774,186		659,896		964,168
Revenues	$	2,738,502	$	2,470,368	$	2,705,527

Geographic Information

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,
	2024		2023		2022
U.S.	$	2,375,348	$	2,161,090	$	2,514,477
U.K.	210,570		154,380		57,552
Other (1)	152,584		154,898		133,498
Revenues	$	2,738,502	$	2,470,368	$	2,705,527

(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 assets	shorter 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, 2024		December 31, 2023
Leasehold improvements, furniture and fixtures, and other fixed assets	$	254,337	$	245,262
Software, including software development costs	64,680		56,883
Computer and communications equipment	41,144		37,693
Total, cost	360,161		339,838
Accumulated depreciation and amortization	(193,432)		(161,803)
Total, net	$	166,729	$	178,035