Derivatives (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Contracts

The fair value of derivative contracts, computed in accordance with Newmark’s netting policy, is set forth below (in thousands):

	June 30, 2025						December 31, 2024
Derivative contract	Assets		Liabilities		Notional Amounts(1)		Assets		Liabilities		Notional Amounts(1)
Rate lock commitments	$	3,787	$	1,128	$	211,899	$	1,010	$	1,350	$	81,717
Forward Sales Contracts	1,476		14,666		1,521,946		7,491		3,253		846,384
Total	$	5,263	$	15,794	$	1,733,845	$	8,501	$	4,603	$	928,101

(1)Notional amounts represent the sum of gross long and short derivative contracts, an indication of the volume of Newmark’s derivative activity, and do not represent anticipated losses.

Schedule of Gain (Loss) on Change in Fair Value of Derivatives Included in Condensed Consolidated Statements of Operations

Gains and losses on derivative contracts, which are included on the accompanying unaudited condensed consolidated statements of operations, were as follows (in thousands):

	Location of gains (losses) recognized in income for derivatives	Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024
Derivatives not designed as hedging instruments:
Rate lock commitments	Capital markets	(1,657)		1,107		3,761		3,136
Rate lock commitments	Compensation and employee benefits	(68)		(363)		(1,102)		(833)
Forward Sale Contracts	Capital markets	(5,938)		(3,452)		(13,190)		(2,177)
Total		$	(7,663)	$	(2,708)	$	(10,531)	$	126