Revenues from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Revenues from contracts with customers:
Leasing and other commissions	$	208,557	$	203,611	$	367,356	$	396,917
Investment sales	91,731		77,604		162,554		149,597
Mortgage brokerage and debt placement	28,260		19,330		55,360		36,476
Management services	198,778		176,196		392,199		336,151
Total	527,326		476,741		$	977,469	$	919,141
Other sources of revenue(1):
Fair value of expected net future cash flows from servicing recognized at commitment, net	23,395		23,046		$	39,539	$	37,145
Loan originations related fees and sales premiums, net	18,654		21,593		35,353		33,556
Servicing fees and other (2)	64,000		64,464		127,513		116,801
Total	$	633,375	$	585,844	$	1,179,874	$	1,106,643

(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.

(2)Beginning in the first quarter of 2024, the portion of Spring11’s revenues associated with its servicing and asset management portfolio is no longer reported under “Management services” but is instead recorded as part of “Servicing and other revenues” for all periods from the first quarter of 2023 onwards. For the three and six months ended June 30, 2023, $2.0 million and $4.1 million, respectively, was reclassified from “Management services” to “Servicing fees and other.”

Schedule of Revenue Remaining Performance Obligation

Approximate future cash flows to be received over the next five years as of June 30, 2024 are as follows (in thousands):

2024	$	71,177
2025	69,545
2026	28,511
2027	8,463
2028	3,297
Thereafter	15
Total	$	181,008