Acquisitions

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Acquisitions

Acquisitions

On March 2, 2026, Newmark completed the acquisition of Altus, a Canada-based appraisals business.

On October 3, 2025, Newmark completed the acquisition of Real Foundations, Inc. and its subsidiaries, a U.S.-based professional services firm.

On November 24, 2025, Newmark completed the acquisition of Catella Valuation Advisors SAS, a France-based real estate valuation and advisory firm.

The following table summarizes the components of the purchase consideration transferred, and the preliminary allocation of the assets acquired, and liabilities assumed, for the acquisition which occurred in 2025:

	As of the Acquisition Date
Purchase Price
Cash	$	66,482
Total	$	66,482
Allocations
Cash	$	13,122
Goodwill	19,810
Other intangible assets, net	30,188
Receivables, net	11,204
Fixed assets, net	621
Other assets	12,825
Accrued compensation	(9,207)
Accounts payable, accrued expenses and other liabilities	(12,081)
Total	$	66,482

The total consideration for the acquisitions during the year ended December 31, 2025, was $66.5 million in total fair value comprising of cash. The excess of the consideration over the fair value of the net assets acquired was recorded as goodwill of $19.8 million.

These acquisitions were accounted for using the purchase method of accounting. The results of operations of the acquisition have been included on the accompanying consolidated financial statements subsequent to the date of acquisition, which in aggregate contributed $15.1 million to Newmark’s revenues for the year ended December 31, 2025.