Filing Flows › Newmark Group (NMRK) › Q1 2025
Newmark Group (NMRK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Newmark Group (NMRK) reported revenue of $665M for the first quarter 2025 (Q1 2025), +22% from a year earlier and -24% from the quarter before. Operating margin was -2.6%, net loss $15.9M (2.4% of revenue).
Newmark Group, Q1 2025: revenue $665M (+22% year over year), operating margin -2.6%, net loss $15.9M, operating cash flow −$179M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $665M | -24% | +22% |
| Operating profit | −$17.5M | — | — |
| Net earnings | −$15.9M | — | — |
| Operating cash flow | −$179M | — | — |
What changed
Revenue was $665.5M in Q1 2025, up 22% year over year and down 24% from the previous quarter. Management services, servicing fees and other was the largest line at 43% of revenue. Leasing and other commissions added $49.3M year over year (up 31%), 41% of the total change.
Operating costs exceeded revenue by $17.5M, an operating margin of -2.6%. Total costs grew 20% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $15.9M, after a profit of $64.1M the previous quarter. Minority interests bore $7.2M of it: to shareholders the quarter was a loss of $8.8M. Net interest and other expense of $8.5M was the main reason.
Operating cash flow was −$179.4M. Non-cash charges added back $46.4M of depreciation and amortization. Working capital and other items used $209.8M. Capital expenditures of $5.4M exceeded it, leaving free cash flow of −$184.8M.
Questions
What was Newmark Group's revenue in the first quarter 2025?
Newmark Group (NMRK) reported revenue of $665M for the first quarter 2025 (Q1 2025), +22% from a year earlier and -24% from the quarter before.
Was Newmark Group profitable in the first quarter 2025?
Operating loss was $17.5M (-2.6% of revenue) and net loss $15.9M.
Source: Newmark Group 10-Q on SEC EDGAR.