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

3 Months Ended

Mar. 31, 2024

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,
	2024		2023
Basic earnings per share:
Net loss available to common stockholders (1)	$	(16,254)	$	(10,350)
Basic weighted-average shares of common stock outstanding	174,774		172,561
Basic earnings per share	$	(0.09)	$	(0.06)

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,
	2024		2023
Fully diluted earnings per share:
Net loss available to common stockholders	$	(16,254)	$	(10,350)
Allocations of net income to limited partnership interests in Newmark Holdings, net of tax	—		—
Net loss for fully diluted shares	$	(16,254)	$	(10,350)
Weighted-average shares:
Common stock outstanding	174,774		172,561
Partnership units(1)	—		—
RSUs (Treasury stock method)	—		—
Newmark exchange shares	—		—
Fully diluted weighted-average shares of common stock outstanding	174,774		172,561
Fully diluted earnings per share	$	(0.09)	$	(0.06)

(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).