Filing Flows › Newmark Group (NMRK) › Q2 2025
Newmark Group (NMRK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Newmark Group (NMRK) reported revenue of $759M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +14% from the quarter before. Operating margin was 5.6%, net earnings $20.8M (2.7% of revenue).
Newmark Group, Q2 2025: revenue $759M (+20% year over year), operating margin 5.6%, net earnings $20.8M, operating cash flow −$380M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $759M | +14% | +20% |
| Operating profit | $42.7M | — | +5% |
| Net earnings | $20.8M | — | +46% |
| Operating cash flow | −$380M | — | — |
What changed
Revenue was $759.1M in Q2 2025, up 20% year over year and up 14% from the previous quarter. Leasing and Other Commissions was the largest line at 31% of revenue. Capital Markets added $61.4M year over year (up 38%), 49% of the total change.
Operating profit was $42.7M, a 5.6% margin (down 0.8 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 6% margin then. Total costs grew 21% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $20.8M, up 46% year over year. The effective tax rate was 12.5%.
Operating cash flow was −$379.7M. Non-cash charges added back $42.6M of depreciation and amortization. Working capital and other items used $451.9M. Capital expenditures of $6.5M exceeded it, leaving free cash flow of −$386.2M.
Questions
What was Newmark Group's revenue in the second quarter 2025?
Newmark Group (NMRK) reported revenue of $759M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +14% from the quarter before.
Was Newmark Group profitable in the second quarter 2025?
Operating profit was $42.7M (5.6% of revenue) and net earnings $20.8M.
Source: Newmark Group 10-Q on SEC EDGAR.