Revenues from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Revenues from Contracts with Customers and Our Other Sources of Revenues

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,
	2024		2023		2022
Revenues from contracts with customers:
Leasing and other commissions	$	857,617	$	839,595	$	831,874
Investment sales	417,684		381,276		606,416
Mortgage brokerage and debt placement	164,686		126,934		173,253
Management services	833,002		725,034		692,957
Total	$	2,272,989	$	2,072,839	$	2,304,500
Other sources of revenue(1):
Fair value of expected net future cash flows from servicing recognized at commitment, net	$	100,171	$	82,082	$	109,926
Loan originations related fees and sales premiums, net	91,645		69,604		74,573
Servicing fees and other (2)	273,697		245,843		216,528
Total	$	2,738,502	$	2,470,368	$	2,705,527

(1)Although these items have customers under contract, they were recorded as other sources of revenue as they were excluded from the scope of ASU No. 2014-9.

(2)Beginning in the first quarter of 2024, the portion of Spring11’s revenues associated with its servicing and asset management portfolio is no longer reported under “Management services” but is instead recorded as part of “Servicing fees” for all periods from the first quarter of 2023 onwards. For the year ended December 31, 2023, $8.6 million was reclassified from “Management services” to “Servicing fees.”

Schedule of Revenue Remaining Performance Obligation

Approximate future cash flows to be received over the next five years as of December 31, 2024 are as follows (in thousands):

2025	$	88,134
2026	39,660
2027	12,886
2028	4,773
2029	215
Thereafter	—
Total	$	145,668