Earnings Per Share and Weighted-Average Shares Outstanding (Tables)

3 Months Ended

Mar. 31, 2026

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 March 31,
	2026		2025
Basic earnings per share:
Net income (loss) available to common stockholders	$	14,419	$	(8,766)
Basic weighted-average shares of common stock outstanding	182,646		176,352
Basic earnings per share	$	0.08	$	(0.05)

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 March 31,
	2026		2025
Fully diluted earnings per share:
Net income (loss) available to common stockholders	$	14,419	$	(8,766)
Allocations of net income to limited partnership interests in Newmark Holdings, net of tax	5,191		—
Net income (loss) for fully diluted shares	$	19,610	$	(8,766)
Weighted-average shares:
Common stock outstanding	182,646		176,352
Partnership units(1)	68,104		—
RSUs (Treasury stock method)	4,886		—
Newmark exchange shares	405		—
Fully diluted weighted-average shares of common stock outstanding	256,041		176,352
Fully diluted earnings per share	$	0.08	$	(0.05)

(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).