v3.26.1
Stock Transactions and Unit Purchases
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stock Transactions and Unit Purchases Stock Transactions and Unit Purchases
As of June 30, 2026, Newmark has two classes of authorized common stock: Class A common stock and Class B common stock.

Class A Common Stock
Each share of Newmark Class A common stock is entitled to one vote. Newmark has 1.0 billion authorized shares of Class A common stock at $0.01 par value per share.

Changes in shares of Newmark’s Class A common stock outstanding were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Shares outstanding at beginning of period155,988,950 161,924,550 160,656,704 149,506,832 
Share issuances:
LPU redemption/exchange
3,793,688 2,500,090 7,031,930 13,050,619 
Issuance of Class A common stock for Newmark RSUs
482,862 800,970 1,599,546 2,171,525 
Other9,264 (33,427)365,901 463,207 
Treasury stock repurchases(988,178)(10,839,674)(10,367,495)(10,839,674)
Shares outstanding at end of period159,286,586 154,352,509 159,286,586 154,352,509 

Class B Common Stock
Each share of Newmark Class B common stock is entitled to 10 votes and is convertible at any time into one share of Newmark Class A common stock.
As of both June 30, 2026 and December 31, 2025, there were 21.3 million shares of Newmark Class B common stock outstanding.

Share Repurchases and Unit Purchases
On February 18, 2026, Newmark’s Board increased Newmark’s share repurchase and unit redemption authorization to $400.0 million.

From time to time, Newmark may repurchase shares and/or purchase units. During the three and six months ended June 30, 2026, Newmark repurchased 1.0 million and 10.4 million, respectively, shares of Newmark Class A common stock at an average price of $14.97 per share and $14.58 per share, respectively. Newmark did not make any purchases of units during the three and six months ended June 30, 2026. During both the three and six months ended June 30, 2025, Newmark repurchased 10.8 million shares of Class A common stock at an average price of $11.58 per share, and did not make any purchases of units. As of June 30, 2026, Newmark had $248.9 million remaining under its Share Repurchase and Unit Purchase Authorization.

The following table details Newmark’s share repurchases for cash under the current program. The gross share repurchases of Newmark’s Class A common stock during the six months ended June 30, 2026 were as follows (in thousands, except shares and per share amounts):

Total
Number of
Shares
Repurchased
Average
Price Paid
per Share		Approximate
Dollar Value
of Units and
Shares That
May Yet Be
Repurchased/
Purchased
Under the 
Program
Repurchases
January 1, 2026 - March 31, 2026
9,379,317 $14.54 
April 2026
988,178 $14.97 
May 2026
— $— 
June 2026
— $— 
Total Repurchases10,367,495 $14.58 $248,900 

Redeemable Partnership Interests
The changes in the carrying amount of FPUs follow (in thousands):
June 30, 2026December 31, 2025
Balance at beginning of period:$12,049 $13,900 
Income allocation307 1,620 
Distributions of income(1,484)(1,527)
Issuance and other(699)(1,944)
Balance at end of period$10,173 $12,049