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Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Cost for Share-Based Payment Arrangements
Newmark incurred compensation expense related to Class A common stock, limited partnership units and RSUs held by Newmark employees as follows (in thousands):
Year Ended December 31,
 202420232022
Issuance of common stock and exchangeability expenses$110,973 $85,918 $92,308 
Limited partnership units amortization23,203 14,267 8,322 
RSU amortization29,568 24,620 21,807 
Total compensation expense
163,744 124,805 122,437 
Allocations of net income to limited partnership units and FPUs (1)
21,654 14,942 15,875 
Equity-based compensation and allocations of net income to limited partnership units and FPUs$185,398 $139,747 $138,312 
(1)Certain limited partnership units receive quarterly allocations of net income and are generally contingent upon services being provided by the unit holders, including the Preferred Distribution.
Compensation expense related to the issuance of Newmark or BGC Class A common stock and grants of exchangeability on Newmark Holdings and BGC Holdings (prior to the Corporate Conversion) limited partnership units to Newmark employees is as follows (in thousands):
Year Ended December 31,
 202420232022
Issuance of common stock and exchangeability expenses$110,973 $85,918 $97,031 
Newmark recognized compensation expense related to these limited partnership units that were not redeemed as follows (in thousands):
Year Ended December 31,
 20242023
2022
Limited partnership units amortization$23,203 $14,267 $8,322 
Compensation expense related to Newmark and BGC RSUs are as follows (in thousands):
Year Ended December 31,
 202420232022
RSU amortization$29,568 $24,620 $21,807 
Schedule of Activity Associated with Limited Partnership Units
A summary of the activity associated with limited partnership units held by Newmark employees is as follows:
 
Newmark Holdings Units
BGC Holdings Units
Balance, January 1, 202330,687,954 5,459,388 
Issued16,092,841 1,506 
Redeemed/exchanged units(3,676,057)(5,459,895)
Forfeited units/other(727,772)(999)
Balance, December 31, 2023(1)
42,376,966 — 
Issued16,440,711 — 
Redeemed/exchanged units(6,166,506)— 
Forfeited units/other(854,717)— 
December 31, 2024(2)
51,796,454 — 
Total exchangeable units outstanding(1):
December 31, 202312,189,148 — 
December 31, 202413,906,798 — 
(1)The Limited Partnership Units table above also includes partnership units issued as consideration for acquisitions. As of December 31, 2024, there were 2.7 million such partnership units in Newmark Holdings outstanding, of which 1.8 million units were exchangeable. There were no partnership units in BGC Holdings outstanding. As of December 31, 2023, there were 3.1 million such partnership units in Newmark Holdings outstanding, of which 1.5 million units were exchangeable.
(2)As of December 31, 2024, the total Limited Partnership Units included 2.4 million Newmark Preferred Units.
Schedule of Units Redeemed
A summary of units held by Newmark employees redeemed in connection with the issuance of Newmark or BGC Class A common stock (at the current Exchange Ratio) or granted exchangeability for Newmark or BGC Class A common stock is as follows:
Year Ended December 31,
 202420232022
BGC Holdings Units
— 127,960 142,194
Newmark Holdings Units
9,835,548 11,232,651 9,234,602
Total9,835,548 11,360,611 9,376,796 
Schedule of Limited Partnership Units with a Post-Termination Payout Limited partnership units with a post-termination payout held by Newmark employees are as follows (dollars in thousands):
December 31, 2024December 31, 2023
Notional Value$161,861 $158,594 
Estimated fair value of the post-termination payout(1)
$56,210 $54,950 
Outstanding limited partnership units in Newmark Holdings17,249,585 16,704,405 
Outstanding limited partnership units in Newmark Holdings - unvested5,570,815 4,856,908 
(1)Included in “Other long-term liabilities” on the accompanying consolidated balance sheets.
Schedule of Grant of Conversion Rights
The grants of exchange rights to HDUs of Newmark employees are as follows (in thousands):
December 31, 2024December 31, 2023
Notional Value$512 $1,254 
Estimated fair value of limited partnership units (1)
$261 $1,135 
(1)Included in “Other long-term liabilities” on the accompanying consolidated balance sheets.
Schedule of Activity Associated with Restricted Stock Units A summary of the activity associated with Newmark and BGC RSUs held by Newmark employees is as follows (fair value amount in thousands):
Newmark RSUs(1)
BGC RSUs(2)
 Restricted
Stock
Units		Weighted-
Average
Grant Date
Fair Value
Per Share		Fair
Value
Amount		Weighted-
Average
Remaining
Contractual
Term (Years)		Restricted
Stock
Units		Weighted-
Average
Grant Date
Fair Value
Per Share		Fair
Value
Amount		Weighted-
Average
Remaining
Contractual
Term (Years)
Balance, January 1, 202311,263,862 $9.39 $105,735 4.756,928 $4.17 $29 1.62
Granted4,192,685 6.82 28,594 — — — 
Settled units (delivered shares)(2,708,902)9.03 (24,461)(2,045)4.05 (8)
Forfeited units(614,540)9.14 (5,617)— — — 
Balance, December 31, 202312,133,105 $8.59 $104,251 4.014,883 $4.22 $21 0.87
Granted2,838,998 9.92 28,159 19,425 6.87 133 
Settled units (delivered shares)(3,118,150)8.61 (26,850)(1,243)4.28 (5)
Forfeited units(876,228)8.89 (7,789)(19,479)6.88 (134)
Balance, December 31, 202410,977,725 $8.91 $97,771 3.833,586 $4.08 $15 0.33
(1)Newmark issues RSUs to Newmark employees with the awards vesting ratably over the two- to nine-year vesting period into shares of Newmark Class A common stock.
(2)    BGC RSUs historically vested over a two to three year period.