Newmark Q1 revenue up 5% to $546.5M but GAAP loss widens to $0.09/share

NEWMARK GROUP, INC.

2024-Q1 EPS reported -$0.09 revenue$546,499,000

GAAP net loss per fully diluted share $0.09, vs $0.06 loss a year ago; pre-tax loss $29.8M.
Adjusted EPS flat at $0.15; Adjusted EBITDA $63.5M, up 0.9% YoY.
Fees from commercial mortgage origination surged 50.5%; management services +21%.
Leasing commissions fell 17.9% on industry-wide decline; investment sales down 1.6%.
Target: over $3B revenue and $630M Adjusted EBITDA by 2026.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NEWMARK GROUP, INC. reported financial results for the three months ended March 31, 2024.

Period: the three months ended March 31, 2024
Result: reported results

Exact text from the filing

On May 3, 2024, Newmark Group, Inc. (the “Registrant,” “we,” “us,” “Newmark,” or the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.

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NEWMARK GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001690680-24-000009

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