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Stock Transactions and Unit Purchases
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stock Transactions and Unit Purchases Stock Transactions and Unit Purchases
As of March 31, 2026, Newmark has two classes of authorized common stock: Class A common stock and Class B common stock.

Class A Common Stock
Each share of Newmark Class A common stock is entitled to one vote. Newmark has 1.0 billion authorized shares of Class A common stock at $0.01 par value per share.

Changes in shares of Newmark’s Class A common stock outstanding were as follows:
 Three Months Ended March 31,
 20262025
Shares outstanding at beginning of period160,656,704 149,506,832 
Share issuances:
LPU redemption/exchange
3,238,242 10,550,529 
Issuance of Class A common stock for Newmark RSUs
1,116,684 1,370,555 
Other356,637 496,634 
Treasury stock repurchases(9,379,317)— 
Shares outstanding at end of period155,988,950 161,924,550 

Class B Common Stock
Each share of Newmark Class B common stock is entitled to 10 votes and is convertible at any time into one share of Newmark Class A common stock.

As of both March 31, 2026 and December 31, 2025, there were 21.3 million shares of Newmark Class B common stock outstanding.

Share Repurchases and Unit Purchases
On February 18, 2026, Newmark’s Board increased Newmark’s share repurchase and unit redemption authorization to $400.0 million.

From time to time, Newmark may repurchase shares and/or purchase units. During the three months ended March 31, 2026, Newmark repurchased 9.4 million shares of Newmark Class A common stock at an average price of $14.54 per share. During the three months ended March 31, 2025, Newmark did not make any repurchases of shares or units. As of March 31, 2026, Newmark had $263.7 million remaining under its Share Repurchase and Unit Purchase Authorization.

The following table details Newmark’s share repurchases for cash under the current program. The gross share
repurchases of Newmark’s Class A common stock during the three months ended March 31, 2026 were as follows (in thousands, except shares and per share amounts):

Total
Number of
Shares
Repurchased
Average
Price Paid
per Share		Approximate
Dollar Value
of Units and
Shares That
May Yet Be
Repurchased/
Purchased
Under the 
Program
Repurchases
January 2026
— $— 
February 2026
59,601 $14.65 
March 2026
9,319,716 $14.54 
Total Repurchases9,379,317 $14.54 $263,653 

Redeemable Partnership Interests
The changes in the carrying amount of FPUs follow (in thousands):
 March 31, 2026December 31, 2025
Balance at beginning of period:$12,049 $13,900 
Income allocation129 1,620 
Distributions of income(681)(1,527)
Issuance and other(472)(1,944)
Balance at end of period$11,025 $12,049