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Newmark Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$306M in Q3 2026 · $386M over twelve months

Operating cash flow−$290M
Capital spending−$16.2M
Free cash flow−$306M
Cash / net income-4.9×

Analysis

In Q3 2026, Newmark Group generated −$290M of operating cash flow and spent $16.2M on capital projects, leaving free cash flow of −$306M. That is $411M less than in Q3 2025 ($105M).

Over the twelve months to Sep 30, 2026, operating cash flow was $443M; the largest uses were buybacks ($212M), other investing ($210M), capital spending ($56.9M); besides operations, cash came from other financing ($125M); the cash balance rose by $14.8M.

Operating cash flow was −$290M against net income of $59.0M — -4.9× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$72.1M, depreciation & amortization +$45.1M, prepaid and other assets −$40.3M.

Free cash flow

Newmark Group: free cash flow by quarterNewmark Group: free cash flow by quarter$397MQ4 2024−$185MQ1 2025−$386MQ2 2025$105MQ3 2025$609MQ4 2025−$258MQ1 2026$342MQ2 2026−$306MQ3 2026
Operating cash flow less capital spending.
Newmark Group: operating cash flow against capital spendingNewmark Group: operating cash flow against capital spendingOperating cash flowCapital spending$403M$6.0MQ4 2024−$179M$5.4MQ1 2025−$380M$6.5MQ2 2025$113M$7.7MQ3 2025$619M$9.7MQ4 2025−$248M$10.2MQ1 2026$362M$20.8MQ2 2026−$290M$16.2MQ3 2026
Latest (Q3 2026): Operating cash flow −$290M, Capital spending $16.2M.

Capital allocation, year by year

Newmark Group: where the cash came from (up) and went (down), by fiscal yearNewmark Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$48.7MFY2021: Net borrowing −$10.5MFY2021: Capital spending −$19.7MFY2021: Acquisitions −$69.8MFY2021: Buybacks −$291MFY2021FY2022: Operating cash flow $1.2BFY2022: Net borrowing −$913MFY2022: Capital spending −$62.2MFY2022: Acquisitions −$64.2MFY2022: Buybacks −$295M$1.2BFY2022FY2023: Operating cash flow −$266MFY2023: Net borrowing $361MFY2023: Capital spending −$55.4MFY2023: Buybacks −$37.4M$361MFY2023FY2024: Operating cash flow −$9.9MFY2024: Net borrowing $256MFY2024: Capital spending −$31.5MFY2024: Buybacks −$213M$256MFY2024FY2025: Operating cash flow $172MFY2025: Net borrowing $138MFY2025: Capital spending −$29.4MFY2025: Buybacks −$127M$310MFY2025
Over these 5 years operating cash flow totalled $1.0B; the largest uses were buybacks ($962M) and net borrowing ($924M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$240M
Debt$878M
Net debt$638M
Cash runway2 months

Newmark Group is burning cash: its operations consume cash, a free cash flow of −$1.2B a year at the current rate against $240M of cash and investments: a runway of about 2 months before any new financing.

Where the cash came from and went

Newmark Group: sources (+) and uses (−) of cash, Q3 2026Newmark Group: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$400MOperating cash flow−$290MOther investing−$70.5MBuybacks−$59.4MOther financing$26.7MCash drawn (+) / kept (−)$21.8MCapital spending−$16.2MPartners−$12.1M
Newmark Group: sources (+) and uses (−) of cash, TTM to Q3 2026Newmark Group: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$443MBuybacks−$212MOther investing−$210MOther financing$125MCapital spending−$56.9MNet borrowing (+) / repaid (−)−$41.3MPartners−$32.8MCash drawn (+) / kept (−)−$14.8M

From profit to cash

Newmark Group: net income to operating cash flow, Q3 2026Newmark Group: net income to operating cash flow, Q3 2026Net income$59.0MDepreciation & amortization$45.1MDeferred taxes−$4.8MImpairments$300KReceivables−$72.1MDeferred revenue$400KPrepaid and other assets−$40.3MOperating cash flow−$290M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$290M−$16.2M−$59.4M$400M$21.8M−$306M
Q2 2026$362M−$20.8M−$14.8M−$216M−$44.0M$342M
Q1 2026−$248M−$10.2M−$136M$232M$14.3M−$258M
Q4 2025$619M−$9.7M−$1.5M−$458M−$6.9M$609M
Q3 2025$113M−$7.7M—$59.5M$82.5M$105M
Q2 2025−$380M−$6.5M−$126M$470M−$42.0M−$386M
Q1 2025−$179M−$5.4M—$66.9M$37.2M−$185M
Q4 2024$403M−$6.0M−$30.4M−$231M−$20.5M$397M

Newmark Group: income statement and cash flow

Newmark Group, Q3 2026: revenue $973M (+13% year over year), operating margin 8.8%. The chart follows the revenue to costs, profit and cash.

Newmark Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.