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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Restricted Cash and Short-Term Investments Restricted cash and short-term investments consisted of the following (in thousands):
March 31, 2026December 31, 2025
Restricted cash
$7,537 $4,797 
Restricted short-term investments
115,379 115,379 
Restricted cash and short-term investments
$122,916 $120,176 

Restricted cash and short-term investments had a cost basis and fair value as follows (in thousands):

Cost Basis
Fair Value
Restricted cash
$7,537 $7,537 
Restricted short-term investments (greater than three months maturity)
115,379 117,163 
March 31, 2026$122,916 $124,700 
Restricted cash4,797 4,797 
Restricted short-term investments (greater than three months maturity)
115,379 116,175 
December 31, 2025$120,176 $120,972 
Schedule of Cash and Cash Equivalents
Cash and cash equivalents and restricted cash on the accompanying unaudited condensed consolidated statements of cash flows consisted of the following (in thousands):

March 31, 2026March 31, 2025
Cash and cash equivalents$212,070 $157,078 
Restricted Cash7,537 110,564 
Cash and cash equivalents and restricted cash
$219,607 $267,642 
Schedule of Restricted Cash
Cash and cash equivalents and restricted cash on the accompanying unaudited condensed consolidated statements of cash flows consisted of the following (in thousands):

March 31, 2026March 31, 2025
Cash and cash equivalents$212,070 $157,078 
Restricted Cash7,537 110,564 
Cash and cash equivalents and restricted cash
$219,607 $267,642 
Schedule of Revenue by Segment Newmark recognized revenues as follows (in thousands): 
 Three Months Ended March 31,
 20262025
Management Services, Servicing Fees and Other
$344,031 $283,893 
Leasing and Other Commissions
250,031 208,074 
Capital Markets
252,457 173,527 
Revenues$846,519 $665,494 
Schedule of Revenue by Geographic Area
The Company offers products and services in the U.S., U.K., Asia, Other Europe, and Other Americas. Information regarding revenues is as follows (in thousands):
Three Months Ended March 31,
20262025
U.S.$728,945 $574,950 
U.K.68,05954,631
Other (1)
49,51535,913
Revenues$846,519 $665,494 
(1) Other includes Asia, Other Europe and Other Americas.