Luis Alvarado
On April 7, 2025, Newmark Group, Inc. (the “Company” or “Newmark”) appointed Luis Alvarado to serve as Chief Operating Officer of the Company.
Highest-materiality recent filing
Newmark appoints Kyle Lutnick as Chief Strategy Officer in new executive role
Kyle Lutnick, 30, appointed to newly created Chief Strategy Officer role effective May 19, 2026.
Newmark Q1 2026: Revenue up 27% to $846.5M, Adj. EPS $0.33 (+57%), raised outlook
Total Revenues $846.5M (+27.2%); GAAP EPS $0.08 (+260%); Adjusted EPS $0.33 (+57.1%); AEBITDA $121.2M (+35.8%).
Newmark upsizes senior unsecured credit facility to $900M, extends maturity to 2030
Facility increased 50% to $900M (from $600M); can be further increased to $1.1B subject to conditions.
Newmark Q4 revenue $1B, EPS up 42%; guides double-digit growth for 2026
Q4 total revenues $1,006.0M (+15.3% YoY); GAAP EPS $0.37 (+42.3%); Adjusted EPS $0.68 (+23.6%).
Newmark annual meeting results: all director nominees elected, EY ratified, say-on-pay approved
Five director nominees elected: Lutnick, Merkel, Bauer, McIntyre, Itkowitz.
Total revenues $863.5M (+25.9% YoY); GAAP net income $64.0M (+144.7%); GAAP EPS $0.25 (+150%).
Howard Lutnick completes divestiture of Newmark holdings; Brandon Lutnick gains 58.6% voting power
Howard Lutnick no longer owns any Newmark shares after closing of divestiture transactions on Oct 6.
Newmark Q2 2025: Revenue $759M (+20% YoY), Adj EPS $0.31 (+41%), raises FY guidance
Total revenues $759.1M (+19.9% YoY); GAAP net income $28.8M (+39.8%).
Newmark derivative settlement hearing set Aug 13; $50M insurance-funded
Settlement of stockholder derivative litigation: $50M cash from D&O insurance; no defendant payments.
Newmark repurchases ~11M shares from Howard Lutnick for $127M; control shifts to son Brandon Lutnick
Repurchased 10,969,523 shares at $11.58/share, aggregate $127M; remaining buyback capacity $244.9M.
Newmark Q1 revenues up 22% to $665.5M; Adjusted EPS $0.21 vs $0.15
Total revenues $665.5M (+22% YoY); GAAP net loss ($8.8M) improved from ($16.3M).
Luis Alvarado promoted to COO at Newmark, effective April 7, 2025
Previously Chief Revenue Officer and East Region Market Leader since 2018.
Howard Lutnick stepped down as Exec Chairman and Board member on Feb 18, 2025, after being confirmed as 41st U.S. Secretary of Commerce.
Newmark Q4 revenue $888.3M (+18.8%); Adj. EPS $0.55; targets $630M EBITDA in 2026
Total revenues $888.3M for Q4 2024, up 18.8% YoY; full-year revenues $2,754.1M, up 11.5%.
Newmark settles derivative suit over CEO's $50M bonus; insurer pays $50M to company
Settlement of $50M from D&O insurance resolves claims challenging $50M bonus to Executive Chairman Howard Lutnick and $146M partnership unit exchanges.
Lutnick nominated by President Trump to serve as 41st U.S. Secretary of Commerce.
Newmark Q3 revenue up 11% to $686M; Adjusted EPS $0.33 (+22%)
Total revenues $685.9M (+11.3% YoY); GAAP net income per diluted share $0.10 (+66.7%).
Stockholders approved amendment to Long Term Incentive Plan, increasing authorized shares by 100M to 500M total.
Term extended through Dec 31, 2026; CEO's right to terminate on Dec 31, 2024 removed.
Newmark Q2 revenue up 8.1% to $633.4M; Adjusted EPS $0.22 vs $0.18
Total revenues $633.4M (+8.1% YoY); GAAP net income per diluted share $0.08 (up from $0.04).
Newmark launches exchange offer for up to $475M of 7.500% Senior Notes due 2029
Exchange offer for up to $475M of outstanding 7.500% Senior Notes due 2029 for registered notes of same terms.
Newmark Q1 revenue up 5% to $546.5M but GAAP loss widens to $0.09/share
GAAP net loss per fully diluted share $0.09, vs $0.06 loss a year ago; pre-tax loss $29.8M.
Newmark enters $600M unsecured revolving credit facility maturing April 2027
Second Amended and Restated Credit Agreement upsized to $600M (can increase to $800M) with maturity extended to April 26, 2027.
Newmark Q4 revenue up 23% to $747M, adj. EPS $0.46; full year down 9%
Q4 total revenues $747.4M, up 23% YoY; GAAP net income per diluted share $0.21 vs $0.04.
Newmark closes $600M 7.500% senior notes offering due 2029
Closed offering of $600M 7.500% senior notes due January 12, 2029.
Newmark prices $600M of 7.500% senior notes due 2029 to repay term loan
$600M aggregate principal of 7.500% senior unsecured notes due Jan 12, 2029.
Newmark amends Cantor credit agreement; borrows $130M at 6.71% to repay bank facility
First Amendment allows Newmark to borrow up to $150M from Cantor at RCF rate minus 25 bps until Apr 15, 2024.
Newmark Q3 revenue down 7.3% to $616.3M; Adj. EPS $0.27 vs $0.35
Total revenues of $616.3M, down 7.3% YoY; GAAP net income $0.06 per diluted share, down from $0.15.
Newmark shareholders re-elect four directors, ratify EY as auditor
Four directors elected: Howard W. Lutnick, Virginia S. Bauer, Kenneth A. McIntyre, Jay Itkowitz; each received over 256M votes for.
Newmark enters $420M delayed draw term loan to repay $550M Senior Notes due Nov 2023
Delayed Draw Term Loan of $420M (upsizable to $550M) matures Nov 15, 2026; initial all-in rate ~7.9% (SOFR + 2.625%).
Newmark Q2 revenue down 22% to $585.8M; adjusted EPS $0.18 vs $0.46 YoY
Total revenues $585.8M, down 22.4% YoY; GAAP net income per diluted share $0.04 vs $0.26.
Newmark Q1 2023: revenue down 23.2%, GAAP net loss $10.4M, adjusted EPS $0.15
Total revenues $520.8M, down 23.2% YoY; GAAP net loss $10.4M vs profit $0.4M.
Newmark tightens partner non-compete, non-solicit, clawback in partnership amendment
Amends Section 3.03 to impose duty of loyalty, non-compete (6 mo), non-solicit of customers (1 yr) and employees (2 yr), and non-disparagement (4 yr) on partners.
Newmark Q4 revenues drop 38%; adjusted EPS $0.32 vs $0.65; declares dividend
Q4 total revenues $607.3M, down 38.3% YoY; full-year revenues $2.7B, down 6.9%.
CEO Barry Gosin's new contract runs through Dec 31, 2025 (or 2024 if he gives 6 months' notice).
Newmark Q3 revenue -15.7% to $664.6M; GAAP EPS $0.15 vs $0.63; Adj EPS $0.35
Revenue $664.6M (-15.7% YoY); GAAP net income per diluted share $0.15 (vs $0.63).
Newmark CFO Rispoli signs new 5-year contract with 750,000 RSUs and change-of-control protections
Annual salary unchanged at $850,000; initial term of 5 years with automatic 1-year renewals.
Newmark stockholders elect four directors, ratify auditor, approve say-on-pay at annual meeting
Four director nominees elected: Howard Lutnick (258M for), Virginia Bauer (250M), Kenneth McIntyre (261M), Jay Itzkowitz (310M).
Newmark appoints Jay Itzkowitz to Board effective Aug 10, 2022
Itzkowitz will serve on the Audit and Compensation Committees.
Filing states a press release was issued on July 29, 2022 for Q2 ended June 30, 2022, but the press release text is not included.
Newmark announces Q1 2022 results; press release not attached to filing
No specific revenue, EPS, or segment data provided in the 8-K body.
Newmark upsizes revolver to $600M, extends maturity to 2025, improves pricing
Revolving credit facility increased from $465M to $600M.
Newmark files 8-K for Q4/FY2021 earnings; no exhibit data included in provided text
Filing announces results for the quarter and year ended December 31, 2021, per Item 2.02.
Newmark awards Chairman/CEO Howard Lutnick $50M retention bonus for Nasdaq monetization success
$50M cash retention bonus to Chairman/CEO Howard Lutnick for his role in Nasdaq stock monetization transactions.
Newmark shareholders re-elect four directors and ratify Ernst & Young as auditor
Four directors re-elected including CEO Howard Lutnick with 288M votes for, 32M withheld.
Newmark Q3 2021 earnings filed; financial details not included in provided text
Filing states press release attached as Exhibit 99.1, but exhibit text is absent.
Newmark sets 2021 annual meeting for Dec 17; stockholder proposal deadline Nov 1
Board set 2021 Annual Meeting date for December 17, 2021.
Howard Lutnick diagnosed with highly treatable Non-Hodgkin's Lymphoma; expects to be cancer-free in 4 months.
Newmark changes non-GAAP definitions, excludes Nasdaq earn-out and 2021 Equity Event from Q3 2021
Nasdaq earn-out accelerated on June 25, 2021; Newmark received Nasdaq shares and will exclude related gains, dividends, and mark-to-market from Q3 2021 non-GAAP results.
Newmark receives 6.2M accelerated Nasdaq shares; retains ~5.3M net; exec equity event approved
Nasdaq/Tradeweb transaction triggered acceleration of ~6.2M Nasdaq shares; Newmark retains ~5.3M after forward close-out.
On April 7, 2025, Newmark Group, Inc. (the “Company” or “Newmark”) appointed Luis Alvarado to serve as Chief Operating Officer of the Company.
The Board appointed the Company’s Chief Executive Officer, Barry Gosin, as Principal Executive Officer of the Company following Howard Lutnick’s confirmation as the 41st Secretary of Commerce and departure from the Company.
Howard Lutnick, Chairman of the Board of Directors (the “Board”) and Executive Chairman of Newmark, informed the Company that he has stepped down as Chairman of the Board and Executive Chairman of the Company, effective February 18, 2025, as a result of his confirmation by the United States Senate as the 41st Secretary of Commerce.
On February 18, 2025, the Board appointed Kyle Lutnick to serve as a member of the Board, effective February 18, 2025, for a term to expire at the earlier of the 2025 Annual Meeting of Stockholders of the Company, or until his successor is duly elected and qualified.
appointed Jay Itzkowitz to serve as a member of the Board, effective August 10, 2022
Max materiality 0.85 · Median 0.60 · Most common event earnings