Earnings Per Share and Weighted-Average Shares Outstanding (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Basic Earnings Per Share

The following is the calculation of Newmark’s basic EPS (in thousands, except per share data): 

	Three Months Ended March 31,
	2025		2024
Basic earnings per share:
Net income (loss) available to common stockholders	$	(8,766)	$	(16,254)
Basic weighted-average shares of common stock outstanding	176,352		174,774
Basic earnings per share	$	(0.05)	$	(0.09)

Schedule of Fully Diluted Earnings Per Share

The following is the calculation of Newmark’s fully diluted EPS (in thousands, except per share data):

	Three Months Ended March 31,
	2025		2024
Fully diluted earnings per share:
Net income (loss) available to common stockholders	$	(8,766)	$	(16,254)
Allocations of net income to limited partnership interests in Newmark Holdings, net of tax	—		—
Net income (loss) for fully diluted shares	$	(8,766)	$	(16,254)
Weighted-average shares:
Common stock outstanding	176,352		174,774
Partnership units(1)	—		—
RSUs (Treasury stock method)	—		—
Newmark exchange shares	—		—
Fully diluted weighted-average shares of common stock outstanding	176,352		174,774
Fully diluted earnings per share	$	(0.05)	$	(0.09)

(1)Partnership units collectively include FPUs, limited partnership units, and Cantor Units (see Note 2 — “Limited Partnership Interests in Newmark Holdings and BGC Holdings” for more information).