Short answer
NEWMARK GROUP, INC. (NMRK) filed its fiscal 2025 10-K annual report with the SEC on Mar 2, 2026. It reported revenue of $2.8B (+21.9% year over year) and net income of $126M.
- Top risk flagged: U.S. Federal government shutdown Oct 1–Nov 12, 2025, longest ever, impacting HUD funding and Newmark’s operations
FY2025 key financial metrics · XBRL
- Revenue
- $2.8B
- +21.9% YoY
- Net income
- $126M
- +106.1% YoY
- Operating margin
- 8.4%
- +1.3 pp YoY
- EPS (diluted)
- $0.68
- +100.0% YoY
- ROE
- 8.6%
- +3.6 pp YoY
- Operating cash flow
- $172M
- +1831.1% YoY
Source: XBRL data from the NEWMARK GROUP, INC. (NMRK) FY2025 10-K on SEC EDGAR. USD.
NEWMARK GROUP, INC. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Integrated commercial real estate advisory and services for institutional investors, global corporations, and property owners/occupiers
- No new product lines or business segments explicitly introduced or emphasized in this filing year
- Strategic focus on expanding Capital Markets revenues, up 35% YoY to $1.047B, reflecting stronger investment sales and mortgage origination activity
- Notable financial growth: consolidated net income $155M, up 82% YoY; Class A common stock issued increased by ~22.3 million shares to 246.8 million
- Mortgage Servicing Rights valuation complexity highlighted with net MSRs at $518M, involving significant assumptions and internal valuation controls scrutiny
Management Discussion & Analysis
- Revenue not disclosed explicitly; operates one segment: real estate services for FY 2026
- Operating margin or net income % not provided; profitability details absent in text
- No segment performance breakdown; real estate services is sole reportable segment
- Cash flow, capital allocation, buybacks, dividends, and capex amounts not mentioned
- Forward-looking risks: macroeconomic uncertainty, geopolitical conflicts, interest rates volatility, declining commercial real estate demand, and regulatory changes
Risk Factors
- U.S. Federal government shutdown Oct 1–Nov 12, 2025, longest ever, impacting HUD funding and Newmark’s operations
- Exposure to geopolitical conflicts: Russia-Ukraine war and Middle East conflicts increasing global economic uncertainty and sanctions risk
- Primary U.S. market concentration: majority revenue from U.S. exposes Newmark to domestic economic and regulatory downturns
- Competitive pressure from CBRE Group and Jones Lang LaSalle risks fee and margin compression amid real estate services consolidation
- Downgrade of U.S. sovereign credit rating by Moody’s in 2025 raises refinancing risk amid record loan maturities for clients
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.