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Earnings Per Share and Weighted-Average Shares Outstanding (Tables)
6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
 2025202420252024
Basic earnings per share:
Net income (loss) available to common stockholders
$20,819 $14,280 $12,053 $(1,973)
Basic weighted-average shares of common stock outstanding179,560 173,469 177,965 174,121 
Basic earnings per share$0.12 $0.08 $0.07 $(0.01)
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 June 30,Six Months Ended June 30,
2025202420252024
Fully diluted earnings per share:
Net income (loss) available to common stockholders$20,819 $14,280 $12,053 $(1,973)
Allocations of net income to limited partnership interests in Newmark Holdings, net of tax7,954 6,302 4,048 — 
Net income (loss) for fully diluted shares$28,773 $20,582 $16,101 $(1,973)
Weighted-average shares:
Common stock outstanding179,560 173,469 177,965 174,121 
Partnership units(1)
69,512 77,955 71,684 — 
RSUs (Treasury stock method)3,260 3,789 3,724 — 
Newmark exchange shares282 391 297 — 
Fully diluted weighted-average shares of common stock outstanding252,614 255,604 253,670 174,121 
Fully diluted earnings per share$0.11 $0.08 $0.06 $(0.01)
(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).