Revenues from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Revenues from Contracts with Customers and Our Other Sources of Revenues

The following table presents Newmark’s total revenues separately for its revenues from contracts with customers and other sources of revenues (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Revenues from contracts with customers:
Leasing and other commissions	$	203,268	$	219,903	600,185		$	631,681
Investment sales	94,707		131,731		244,304		492,898
Mortgage brokerage and debt placement	24,479		41,792		60,955		138,407
Management services	192,877		163,831		533,142		530,220
Total	515,331		557,257		1,438,586		1,793,206
Other sources of revenue(1):
Fair value of expected net future cash flows from servicing recognized at commitment, net	20,997		27,386		58,142		88,357
Loan originations related fees and sales premiums, net	19,083		21,455		52,639		57,719
Servicing fees and other	60,872		58,548		173,559		158,963
Total	$	616,283	$	664,646	$	1,722,926	$	2,098,245

(1)Although these items have customers under contract, they were recorded as other sources of revenue as they were excluded from the scope of ASU No. 2014-9.

Schedule of Revenue Remaining Performance Obligation

Approximate future cash flows to be received over the next five years as of September 30, 2023 are as follows (in thousands):

2023	$	33,350
2024	77,324
2025	35,691
2026	13,119
2027	3,166
Thereafter	1,430
Total	$	164,080