7Baggers

Newmark Group, Inc
(NASDAQ:NMRK) 

NMRK stock logo

Newmark Group, Inc. provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and a...

Full Time Employees: 4,100
Sector: Real Estate
Industry: Real Estate Services
Real Estate
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• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 
                                     
      revenues:
    		                                 
      management services, servicing fees and other
    		343,816,000 318,127,000 298,397,000 283,893,000 304,364,000 282,623,000 262,778,000 256,934,000 264,176,000 253,749,000 240,660,000 212,292,000 220,302,000 222,379,000 233,685,000 233,120,000 263,986,000 244,469,000 219,509,000 187,751,000 172,553,000 146,829,000 141,609,000 165,146,000 166,320,000 156,394,000 160,256,000 141,042,000 155,759,000 147,497,000 144,909,000 130,811,000  
      leasing and other commissions
    		313,218,000 244,008,000 237,262,000 208,074,000 275,680,000 214,581,000 208,557,000 158,799,000 239,410,000 203,268,000 203,611,000 193,306,000 200,193,000 219,903,000 212,825,000 198,952,000                  
      capital markets
    		348,924,000 301,325,000 223,453,000 173,527,000 292,672,000 188,708,000 162,040,000                           
      total revenues
    		1,005,958,000 863,460,000 759,112,000 665,494,000 872,716,000 685,912,000 633,375,000 546,499,000 747,442,000 616,283,000 585,844,000 520,799,000 607,282,000 664,646,000 755,351,000 678,247,000 984,466,000 788,126,000 629,871,000 503,980,000 601,426,000 435,924,000 383,718,000 483,930,000 632,364,000 586,634,000 551,478,000 447,656,000 631,691,000 518,809,000 466,619,000 430,460,000  
      yoy
    		15.27% 25.88% 19.85% 21.77% 16.76% 11.30% 8.11% 4.93% 23.08% -7.28% -22.44% -23.21% -38.31% -15.67% 19.92% 34.58% 63.69% 80.79% 64.15% 4.14% -4.89% -25.69% -30.42% 8.10% 0.11% 13.07% 18.19% 3.99%      
      qoq
    		16.50% 13.75% 14.07% -23.74% 27.23% 8.29% 15.90% -26.88% 21.28% 5.20% 12.49% -14.24% -8.63% -12.01% 11.37% -31.11% 24.91% 25.12% 24.98% -16.20% 37.97% 13.61% -20.71% -23.47% 7.80% 6.37% 23.19% -29.13% 21.76% 11.18% 8.40%   
      expenses:
    		                                 
      compensation and employee benefits
    		582,702,000 510,216,000 455,044,000 399,512,000 500,406,000 392,277,000 377,523,000 328,195,000 442,607,000 371,250,000 346,930,000 328,351,000 356,680,000 388,903,000 426,617,000 382,584,000 554,008,000 444,408,000 541,397,000 289,074,000 362,676,000 253,908,000 230,518,000 300,257,000 354,862,000 341,036,000 316,737,000 263,353,000 343,063,000 291,096,000 268,980,000 252,695,000  
      equity-based compensation and allocations of net income to limited partnership units and fpus
    		66,435,000 81,124,000 60,140,000 74,346,000 59,720,000 48,749,000 25,486,000 51,443,000 54,942,000 29,548,000 19,609,000 35,648,000 35,338,000 44,088,000 41,988,000 16,899,000 40,602,000 33,963,000 267,532,000 14,248,000 56,215,000 50,769,000 10,860,000 12,914,000 148,965,000 56,647,000 39,353,000 13,871,000      
      total compensation and employee benefits
    		649,137,000 591,340,000 515,184,000 473,858,000 560,126,000 441,026,000 403,009,000 379,638,000 497,549,000 400,798,000 366,539,000 363,999,000 392,018,000 432,991,000 468,605,000 399,483,000 594,610,000 478,371,000 808,929,000 303,322,000 418,891,000 304,677,000 241,378,000 313,171,000 503,827,000 397,683,000 356,090,000 277,224,000 441,961,000 332,158,000 334,006,000 278,504,000  
      operating, administrative and other
    		178,614,000 175,340,000 151,010,000 153,977,000 159,972,000 151,942,000 147,737,000 137,943,000 129,959,000 140,930,000 146,826,000 118,982,000 138,961,000 121,382,000 136,629,000 137,871,000 159,077,000 152,363,000 135,008,000 107,175,000 79,322,000 61,790,000 61,012,000 92,281,000 85,918,000 86,297,000 101,749,000 87,893,000 91,369,000 84,914,000 80,048,000 75,427,000  
      fees to related parties
    		7,761,000 8,185,000 7,794,000 9,570,000 4,599,000 7,638,000 6,668,000 7,541,000 6,341,000 6,244,000 6,827,000 7,792,000 7,624,000 7,301,000 6,748,000 6,829,000 6,093,000 5,664,000 5,782,000 6,250,000 5,447,000 6,109,000 5,205,000 5,812,000 3,990,000 7,088,000 7,222,000 6,725,000 6,323,000 6,644,000 6,301,000 6,894,000  
      depreciation and amortization
    		46,874,000 45,460,000 42,611,000 46,358,000 44,869,000 44,576,000 40,879,000 43,975,000 43,894,000 41,463,000 42,034,000 38,830,000 47,058,000 44,359,000 38,925,000 35,475,000 40,925,000 28,883,000 30,868,000 21,053,000 36,580,000 29,627,000 28,946,000 46,039,000 32,634,000 36,781,000 33,425,000 28,304,000 29,146,000 25,873,000 20,201,000 22,513,000  
      total operating expenses
    		882,386,000 820,325,000 716,599,000 683,763,000 769,566,000 645,182,000 598,293,000 569,097,000 677,743,000 589,435,000 562,226,000 529,603,000 585,661,000 606,033,000 650,907,000 579,658,000 800,705,000 665,281,000 980,587,000 437,800,000 540,240,000 402,203,000 336,541,000 457,303,000 626,369,000 527,849,000 498,486,000 400,146,000 568,799,000 449,589,000 440,556,000 383,338,000  
      other income
    		45,000 42,024,000 230,000 750,000 733,000 321,000 5,637,000 -14,000 9,736,000 3,203,000 3,925,000 -3,010,000 3,731,000 -128,000 -15,303,000 -86,001,000 45,173,000 102,720,000 1,086,812,000 -2,210,000 -58,367,000 108,608,000 -36,389,000 1,438,000 -14,313,000 108,711,000 -3,726,000 -9,718,000 28,234,000 93,717,000 -365,000 5,707,000  
      income from operations
    		123,617,000 85,159,000 42,743,000 -17,519,000 103,883,000 41,051,000 40,719,000 -22,612,000 79,435,000 30,051,000 27,543,000 -11,814,000 25,352,000 58,485,000 89,141,000 12,588,000 228,934,000 225,565,000 736,096,000 63,970,000 2,819,000 142,329,000 10,788,000 28,065,000 -8,318,000 167,496,000 49,266,000 37,792,000 91,126,000 162,937,000 25,698,000 52,829,000  
      yoy
    		19.00% 107.45% 4.97% -22.52% 30.78% 36.60% 47.84% 91.40% 213.33% -48.62% -69.10% -193.85% -88.93% -74.07% -87.89% -80.32% 8021.11% 58.48% 6723.29% 127.94% -133.89% -15.03% -78.10% -25.74% -109.13% 2.80% 91.71% -28.46%      
      qoq
    		45.16% 99.23% -343.98% -116.86% 153.06% 0.82% -280.08% -128.47% 164.33% 9.11% -333.14% -146.60% -56.65% -34.39% 608.14% -94.50% 1.49% -69.36% 1050.69% 2169.24% -98.02% 1219.33% -61.56% -437.40% -104.97% 239.98% 30.36% -58.53% -44.07% 534.05% -51.36%   
      operating margin %
    		12.29% 9.86% 5.63% -2.63% 11.90% 5.98% 6.43% -4.14% 10.63% 4.88% 4.70% -2.27% 4.17% 8.80% 11.80% 1.86% 23.25% 28.62% 116.86% 12.69% 0.47% 32.65% 2.81% 5.80% -1.32% 28.55% 8.93% 8.44% 14.43% 31.41% 5.51% 12.27%  
      interest expense
    		-7,002,000 -7,974,000 -9,023,000 -8,483,000 -8,427,000 -7,863,000 -8,258,000 -7,220,000 2,990,000 -7,542,000 -9,595,000 -7,591,000 -6,896,000 -7,281,000 -8,923,000 -7,870,000 -7,439,000 -8,498,000 -8,723,000 -8,813,000 -9,111,000 -9,532,000 -10,056,000  -5,986,750 -8,167,000 -8,081,000 -7,699,000      
      income before income taxes and noncontrolling interests
    		116,615,000 77,185,000 33,720,000 -26,002,000 95,456,000 33,188,000 32,461,000  82,425,000 22,509,000 17,948,000 -19,405,000 18,456,000 51,204,000 80,218,000 4,718,000 221,495,000 217,067,000 727,373,000 55,157,000 -6,292,000 132,797,000 732,000 19,035,000 -16,459,000 159,329,000 41,185,000 30,093,000 76,421,000 151,428,000 15,116,000 39,420,000  
      provision for income taxes
    		33,187,000 18,731,000 4,209,000  31,405,000 8,847,000 9,046,000  29,084,000 8,356,000 6,719,000      51,643,000 53,811,000              6,933,000  
      consolidated net income
    		83,428,000 58,454,000 29,511,000 -15,949,000 64,051,000 24,341,000 23,415,000  53,341,000 14,153,000 11,229,000 -16,349,000 12,125,000 37,910,000 61,792,000 714,000 185,109,000 163,256,000 585,191,000 44,578,000 -5,127,000 99,525,000 644,000 14,238,000 -16,327,000 122,569,000 32,064,000 23,406,000 39,559,000 115,558,000 4,294,000 32,487,000  
      less: net income attributable to noncontrolling interests
    		15,451,000 12,300,000 8,692,000 -7,183,000 18,637,000 6,547,000 9,135,000  16,793,000 4,206,000 4,800,000 -5,999,000 5,698,000 9,946,000 13,273,000 352,000 35,779,000 34,707,000 145,447,000 11,473,000 -1,346,000 24,176,000 330,000 6,056,000 -5,362,000 33,871,000 9,396,000 6,502,000 21,800,000 47,321,000 3,555,000 12,490,000  
      net income available to common stockholders
    		67,977,000 46,154,000 20,819,000 -8,766,000 45,414,000 17,794,000 14,280,000  36,548,000 9,947,000 6,429,000 -10,350,000 6,427,000 27,964,000 48,519,000 362,000 149,330,000 128,549,000 439,744,000 33,105,000 -3,781,000 75,349,000 314,000 8,182,000 -10,965,000 88,698,000 22,668,000 16,904,000 17,759,000 68,237,000 739,000 19,997,000  
      per share data:
    		                                 
      basic earnings per share
    		0.38 0.26 0.12 -0.05 0.27 0.1 0.08 -0.09 0.22 0.06 0.04 -0.06 0.04 0.16 0.26  0.77 0.64 2.35 0.17   -0.01 0.03 -0.08 0.48 0.11 0.08 0.09 0.43  0.13  
      basic weighted-average shares of common stock outstanding
    		178,456 177,230 179,560 176,352 172,179 170,088 173,469 174,774 173,475 174,129 173,939 172,561 180,337 177,231 183,948 188,881 190,179 199,413 185,114 183,254 179,106 179,501 178,523 177,545 177,774 177,020 178,754 178,611 157,256 155,152 155,157 155,694  
      fully diluted earnings per share
    		0.36 0.25 0.11 -0.05 0.25 0.1 0.08 -0.09 0.21 0.06 0.04 -0.06 0.04 0.15 0.26  0.74 0.63 2.13 0.16 -0.03 0.39 -0.01 0.03 -0.08 0.48 0.11 0.08 0.08 0.43  0.12  
      net income for fully diluted shares
    		92,909 63,983 28,773 -8,766 38,266 26,151 20,582  34,282 14,075 8,850 -10,350 9,920 37,674 63,379 438 149,330 128,549 583,745 43,925 -40,141 103,623 -2,131 8,933 -14,219 99,500 23,308 21,968 991 80,038 546   
      fully diluted weighted-average shares of common stock outstanding
    		253,450 251,674 252,614 176,352 177,691 254,970 255,604 174,774 176,382 247,240 244,954 172,561 245,177 243,469 247,985 252,815 195,813 205,281 273,555 271,194 179,690 266,793 178,523 263,646 185,016 206,616 208,150 269,057 163,810 185,134 155,938 246,834  
      benefit for income taxes
    		   -10,053,000    -3,516,000    -3,056,000                      
      investment sales
    		       70,823,000 136,972,000 94,707,000 77,604,000 71,993,000 113,518,000 131,731,000 209,053,000 152,113,000                  
      commercial mortgage origination
    		       59,943,000 106,884,000 64,559,000 63,969,000 43,208,000 73,269,000 90,633,000 99,788,000 94,062,000                  
      loss before income taxes and noncontrolling interests
    		       -29,832,000                          
      consolidated net incomes
    		       -26,316,000                          
      less: net loss attributable to noncontrolling interests
    		       -10,062,000                          
      net loss available to common stockholders
    		       -16,254,000                          
      net loss for fully diluted shares
    		       -16,254                          
      benefit from income taxes
    		            6,331,000 13,294,000 18,426,000 4,004,000   142,182,000 10,579,000 -1,165,000 33,272,000 88,000 4,797,000 13,142,000 36,760,000 9,121,000 6,687,000 36,862,000 35,870,000 10,822,000   
      commissions
    		                643,682,000 483,628,000 369,102,000 268,836,000 328,645,000 197,903,000 173,038,000 268,362,000 416,728,000 357,908,000 346,131,000 275,268,000 426,431,000 319,340,000 279,833,000 260,735,000  
      gains from mortgage banking activities/originations
    		                76,798,000 60,029,000 41,260,000 47,393,000 100,228,000 91,192,000 69,071,000 50,422,000 49,316,000 72,332,000 45,091,000 31,346,000 49,501,000 51,972,000 41,877,000 38,914,000  
      basic earning per share
    		                    -0.03 0.4            
      interest income
    		                       -9,030,000     -14,705,000 -11,509,000 -10,582,000 -13,409,000  
      includes a reduction for dividends on preferred stock or units in the amount of 3.2 million and 1.7 million for the three months ended september 30, 2019 and 2018, respectively, and 9.7 million and 1.9 million for the nine months ended september 30, 2019 and 2018, respectively.
    		                                 
      other income, net:
    		                                 
      total other income
    		                          -3,726,000 -9,718,000      
      includes a reduction for dividends on preferred stock or units in the amount of 3.2 million and 6.4 million for the three and six months ended june 30, 2019, respectively, and 0.2 million for the three and six months ended june 30, 2018.
    		                                 
      in accordance with asc 260, includes a reduction for dividends on preferred stock or units in the amount of 3.2 million for the three months ended march 31, 2019.
    		                                 
      allocations of net income and grant of exchangeability to limited partnership units
    		                            32,974,250 41,062,000 65,026,000 25,809,000  
      other income (losses), net:
    		                                 
      total other income (losses)
    		                            24,764,750 93,717,000 -365,000 5,707,000  
      dividends declared per share of common stock
    		                              0.09 0.09  
      dividends declared and paid per share of common stock
    		                              0.09   
      in accordance with asc 260, includes a reduction for dividends on preferred stock or units in the amount of 0.2 million for the three and six months ended june 30, 2018.
    		                                 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 
                                       
        assets:
      		                                 
        current assets:
      		                                 
        cash and cash equivalents
      		229,109,000 224,091,000 195,829,000 157,078,000 197,691,000 178,583,000 176,387,000 140,903,000 164,894,000 143,343,000 164,365,000 210,724,000 233,016,000 229,673,000 280,468,000 442,791,000 191,332,000 170,752,000 165,721,000 142,854,000 191,448,000 272,957,000 306,395,000 291,544,000 163,564,000 116,309,000 107,671,000 72,527,000 122,475,000 70,607,000 60,274,000 48,069,000 121,027,000 
        restricted cash and short-term investments
      		120,176,000 114,682,000                                
        loans held for sale, at fair value
      		913,302,000 1,400,208,000 1,349,240,000 848,044,000 774,905,000 1,027,781,000 818,993,000 505,668,000 528,944,000 616,420,000 936,970,000 434,852,000 138,345,000 980,859,000 849,193,000 572,670,000 1,072,479,000 1,200,192,000 415,991,000 821,194,000 1,086,805,000 1,537,734,000 1,089,429,000 739,383,000 215,290,000 704,357,000 818,909,000 873,021,000 990,864,000 1,132,665,000 547,968,000 965,639,000  
        receivables
      		628,405,000 584,839,000 566,814,000 560,723,000 604,601,000 542,889,000 552,660,000 524,413,000 622,508,000 528,884,000 532,758,000 527,915,000 523,742,000 507,776,000 516,504,000 528,755,000 569,206,000 514,392,000 407,267,000 394,064,000 376,795,000 380,128,000 402,698,000 439,080,000 508,379,000 478,672,000 466,849,000 445,941,000 451,605,000 390,165,000 317,663,000 293,148,000 210,471,000 
        receivables from related parties
      		    326,000            8,262,000     652,000 1,606,000    1,237,000  20,498,000     
        other current assets
      		114,050,000 118,829,000 118,068,000 111,072,000 87,976,000 138,171,000 110,384,000 108,527,000 95,946,000 106,237,000 219,119,000 107,149,000 100,188,000 235,584,000 79,315,000 114,684,000 83,337,000 115,228,000 84,975,000 73,451,000 63,790,000 88,803,000 79,010,000 131,651,000 91,194,000 74,147,000 79,394,000 51,527,000 57,739,000 53,860,000 48,738,000 36,499,000 20,994,000 
        total current assets
      		2,005,042,000 2,442,649,000 2,343,716,000 1,787,481,000 1,772,673,000 1,993,179,000 1,760,236,000 1,377,317,000 1,506,104,000 1,485,055,000 1,940,861,000 1,365,061,000 1,076,015,000 2,032,788,000 1,800,174,000 1,734,068,000 2,524,353,000 2,611,171,000 2,239,767,000 1,503,859,000 1,819,072,000 2,465,738,000 1,939,881,000 1,661,703,000 1,073,530,000 1,554,909,000 1,565,380,000 1,552,067,000 1,757,054,000 2,057,463,000 1,298,761,000 1,595,921,000 825,097,000 
        goodwill
      		802,040,000 782,482,000 788,687,000 776,626,000 770,886,000 783,173,000 773,855,000 774,156,000 776,547,000 769,167,000 775,855,000 773,698,000 705,894,000 698,682,000 705,199,000 656,523,000 657,131,000 651,695,000 597,462,000 593,294,000 560,332,000 559,935,000 559,903,000 559,214,000 557,914,000 539,803,000 543,125,000 515,326,000 515,321,000 513,527,000 481,714,000 474,990,000 477,532,000 
        mortgage servicing rights
      		517,994,000 508,100,000 499,991,000 508,587,000 517,579,000 506,962,000 514,203,000 521,872,000 531,203,000 540,204,000 544,531,000 550,541,000 568,552,000 565,960,000 568,680,000 559,595,000 550,302,000    494,729,000 453,187,000 423,232,000 412,813,000 413,644,000 406,209,000 400,783,000 406,960,000 411,809,000 405,241,000 392,040,000 381,526,000 392,626,000 
        loans, forgivable loans and other receivables from employees and partners
      		862,204,000 856,516,000 870,612,000 866,233,000 769,395,000 788,233,000 787,735,000 787,878,000 651,197,000 631,776,000 628,288,000 605,947,000 500,833,000 492,962,000 478,365,000 463,607,000 453,345,000 449,746,000 451,190,000 444,674,000 454,270,000 479,792,000 483,806,000 490,754,000 403,710,000 356,590,000 320,400,000 312,985,000 285,532,000 275,156,000 248,038,000 226,744,000 209,549,000 
        right-of-use assets
      		447,765,000 469,382,000 494,982,000 513,383,000 500,464,000 540,072,000 531,442,000 568,118,000 596,362,000 605,230,000 640,125,000 658,806,000 638,592,000 612,693,000 635,770,000 596,781,000 606,634,000 642,825,000 409,532,000 422,711,000 190,469,000 191,705,000 191,177,000 195,510,000 201,661,000         
        fixed assets
      		156,490,000 157,077,000 159,266,000 158,963,000 166,729,000 173,273,000 173,721,000 173,685,000 178,035,000 176,834,000 176,814,000 170,914,000 155,639,000 148,544,000 138,121,000 137,488,000 135,756,000 133,569,000 113,348,000 115,452,000 96,367,000 102,016,000 102,601,000 103,061,000 98,016,000 93,844,000 83,543,000 81,845,000 78,805,000 72,158,000 67,686,000 64,565,000 64,822,000 
        other intangible assets
      		76,336,000 50,320,000 58,697,000 61,127,000 64,468,000 73,003,000 74,239,000 78,683,000 83,626,000 86,380,000 92,519,000 96,463,000 80,968,000 83,328,000 93,169,000 73,266,000 76,199,000 71,825,000 57,195,000 61,508,000 44,289,000 46,554,000 48,302,000 50,080,000 45,226,000 32,420,000 35,248,000 34,485,000 35,769,000 29,354,000 26,677,000 25,896,000 24,921,000 
        other assets
      		151,296,000 193,956,000 174,008,000 175,343,000 147,926,000 146,161,000 143,478,000 140,213,000 148,501,000 140,109,000 130,063,000 226,669,000 214,266,000 105,747,000 195,513,000 219,116,000 212,481,000 238,411,000 239,195,000 331,991,000 322,922,000 379,685,000 383,336,000 413,102,000 407,898,000 599,905,000 558,379,000 549,530,000 369,867,000 368,195,000 322,223,000 287,508,000 278,460,000 
        total assets
      		5,019,167,000 5,460,482,000 5,389,959,000 4,847,743,000 4,710,120,000 5,004,056,000 4,758,909,000 4,421,922,000 4,471,575,000 4,434,755,000 4,929,056,000 4,448,099,000 3,940,759,000 4,740,704,000 4,614,991,000 4,440,444,000 5,216,201,000 5,333,165,000 4,634,095,000 4,000,733,000 3,982,450,000 4,678,612,000 4,132,238,000 3,886,237,000 3,201,599,000 3,583,680,000 3,506,858,000 3,453,198,000 3,454,157,000 3,721,094,000 2,837,139,000 3,057,150,000 2,273,007,000 
        liabilities, redeemable partnership interests, and equity:
      		                                 
        current liabilities:
      		                                 
        warehouse facilities collateralized by u.s. government sponsored enterprises
      		892,439,000 1,350,390,000 1,290,864,000 821,165,000 754,308,000 985,801,000 792,861,000 493,428,000 498,631,000 609,457,000 931,472,000 427,701,000 137,406,000 1,016,352,000 834,582,000 571,705,000 1,050,693,000 1,184,329,000 410,170,000 817,033,000 1,061,202,000 1,510,333,000 1,064,096,000 703,321,000 209,648,000 680,860,000 793,194,000 859,746,000 972,387,000     
        accrued compensation
      		440,337,000 391,030,000 338,756,000 362,008,000 448,183,000 343,131,000 314,955,000 316,554,000 400,765,000 311,526,000 307,013,000 304,858,000 369,540,000 379,011,000 385,630,000 365,129,000 462,533,000 393,631,000 568,798,000 272,015,000 279,872,000 270,312,000 246,292,000 257,892,000 343,845,000 405,256,000 339,581,000 288,804,000 366,506,000 314,350,000 228,788,000 205,732,000 205,395,000 
        accounts payable, accrued expenses and other liabilities
      		572,294,000 626,027,000 617,502,000 575,007,000 577,940,000 627,058,000 581,283,000 550,718,000 583,564,000 544,154,000 526,021,000 536,174,000 511,584,000 469,987,000 460,866,000 494,207,000 528,746,000 579,966,000 715,695,000 373,441,000 326,548,000 465,333,000 341,548,000 399,847,000 417,069,000         
        payables to related parties
      		1,835,000 4,786,000 11,827,000 6,212,000  6,045,000 6,732,000 9,571,000 6,644,000 2,749,000 9,260,000 1,299,000 9,745,000 11,973,000 11,387,000 24,246,000 10,762,000 7,347,000 548,000 6,045,000 4,392,000 5,185,000 3,880,000 14,643,000 38,090,000         
        total current liabilities
      		1,906,905,000 2,372,233,000 2,258,949,000 1,764,392,000 1,780,431,000 1,962,035,000 1,695,831,000 1,370,271,000 1,489,604,000 1,597,633,000 2,322,854,000 1,818,466,000 1,576,059,000 1,877,323,000 1,692,465,000 1,455,287,000 2,192,741,000 2,305,273,000 1,695,211,000 1,468,534,000 1,705,292,000 2,251,163,000 1,655,816,000 1,375,703,000 1,045,387,000 1,604,514,000 1,522,026,000 1,523,759,000 1,664,639,000 2,101,080,000 1,230,131,000 1,527,778,000 782,588,000 
        long-term debt
      		671,746,000 746,478,000 871,210,000 770,941,000 670,673,000 770,405,000 745,161,000 670,183,000 547,260,000 475,000,000 225,000,000 225,000,000  547,141,000 546,502,000 542,478,000 545,239,000 544,615,000 682,160,000 681,270,000 680,385,000 879,504,000 953,628,000 952,756,000 589,294,000 598,565,000 582,840,000 538,626,000 537,926,000 133,950,000 247,150,000 400,000,000 670,710,000 
        right-of-use liabilities
      		437,205,000 459,469,000 484,427,000 502,331,000 489,832,000 527,311,000 528,424,000 568,044,000 598,044,000 610,161,000 638,340,000 652,285,000 627,088,000 597,107,000 612,900,000 596,306,000 586,069,000 618,149,000 418,412,000 426,318,000 218,629,000 216,993,000 215,465,000 221,265,000 227,942,000         
        other long-term liabilities
      		251,507,000 250,875,000 250,384,000 250,152,000 231,115,000 251,982,000 253,065,000 246,795,000 241,741,000 238,256,000 232,585,000 233,575,000 196,197,000 218,065,000 223,904,000 211,107,000 207,012,000 218,516,000 246,685,000 433,747,000 436,952,000 418,227,000 401,274,000 394,201,000 376,834,000 372,793,000 359,274,000 343,431,000 168,623,000 173,633,000    
        total liabilities
      		3,267,363,000 3,829,055,000 3,864,970,000 3,287,816,000 3,172,051,000 3,511,733,000 3,222,481,000 2,855,293,000 2,876,649,000 2,921,050,000 3,418,779,000 2,929,326,000 2,399,344,000 3,239,636,000 3,075,771,000 2,805,178,000 3,531,061,000 3,686,553,000 3,042,468,000 3,009,869,000 3,041,258,000 3,765,887,000 3,226,183,000 2,943,925,000 2,239,457,000 2,575,872,000 2,464,140,000 2,405,816,000 2,371,188,000 2,708,663,000 2,058,860,000 2,503,468,000 2,029,593,000 
        commitments and contingencies
      		                                 
        redeemable partnership interests
      		12,049,000 11,516,000 11,534,000 12,936,000 13,900,000 13,365,000 13,465,000 15,531,000 16,244,000 15,209,000 15,067,000 15,932,000 16,550,000 16,954,000 18,220,000 17,404,000 20,947,000 22,890,000 20,407,000 20,191,000 20,045,000 22,608,000 21,243,000 21,379,000 21,517,000 28,895,000 26,715,000 26,584,000 26,170,000 24,131,000 20,884,000 22,105,000  
        equity:
      		                                 
        class a common stock
      		2,468,000 2,434,000 2,403,000 2,370,000 2,245,000 2,199,000 2,165,000 2,131,000 2,095,000 2,073,000 2,053,000 2,039,000 2,011,000 1,995,000 1,988,000 1,960,000 1,940,000 1,907,000 1,772,000 1,695,000 1,676,000 1,632,000 1,623,000 1,612,000 1,608,000 1,590,000 1,583,000 1,574,000 1,570,000 1,389,000 1,389,000 1,389,000 1,386,000 
        class b common stock
      		212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 212,000 158,000 158,000 158,000 158,000 
        additional paid-in capital
      		998,903,000 965,678,000 916,386,000 878,539,000 753,001,000 723,120,000 703,299,000 690,342,000 657,736,000 631,285,000 613,847,000 601,150,000 584,709,000 553,564,000 523,504,000 497,489,000 487,447,000 482,715,000 506,077,000 364,213,000 351,450,000 335,955,000 329,196,000 324,817,000 318,165,000 294,901,000 292,441,000 284,054,000 285,071,000 55,728,000 60,294,000 54,474,000 59,374,000 
        retained earnings
      		1,311,748,000 1,249,200,000 1,208,373,000 1,193,099,000 1,207,285,000 1,166,969,000 1,154,280,000 1,145,189,000 1,166,675,000 1,135,347,000 1,130,644,000 1,129,441,000 1,145,006,000 1,143,756,000 1,121,147,000 1,078,130,000 1,079,661,000 932,268,000 805,720,000 372,387,000 342,764,000 348,430,000 278,130,000 282,053,000 313,112,000 344,891,000 277,115,000 275,589,000 277,952,000 277,349,000 224,906,000 238,096,000 199,492,000 
        treasury stock
      		-854,565,000 -852,154,000 -852,154,000 -746,579,000 -745,931,000 -721,023,000 -648,820,000 -599,228,000 -569,235,000 -565,046,000 -549,617,000 -538,612,000 -538,612,000 -527,380,000 -440,444,000 -316,708,000 -290,174,000 -160,599,000 -87,940,000 -48,221,000 -40,531,000 -34,894,000 -34,894,000 -34,894,000 -34,894,000 -34,469,000 -14,382,000 -486,000 -486,000     
        accumulated other comprehensive loss
      		2,808,000 2,585,000 4,688,000 -6,314,000 -11,287,000 -459,000 -8,607,000 -6,882,000 -4,555,000 -13,449,000 -5,443,000 -8,481,000 -11,989,000 -15,909,000 -9,116,000 -2,975,000 -2,731,000 -2,292,000 -2,192,000 -2,612,000 -2,094,000             
        total stockholders’ equity
      		1,461,574,000 1,367,955,000 1,279,908,000 1,321,327,000 1,205,525,000 1,171,018,000 1,202,529,000 1,231,764,000 1,252,928,000 1,190,422,000 1,191,696,000 1,185,749,000 1,181,337,000 1,157,810,000 1,198,863,000 1,259,680,000 1,277,927,000 1,255,783,000 1,225,221,000 689,246,000 655,049,000 648,756,000 572,713,000 573,573,000 599,664,000 610,375,000 559,925,000 564,084,000 567,569,000 334,624,000 286,747,000 294,117,000 260,410,000 
        noncontrolling interests
      		278,181,000 251,956,000 233,547,000 225,664,000 318,644,000 307,940,000 320,434,000 319,334,000 325,754,000 308,074,000 303,514,000 317,092,000 343,528,000 326,304,000 322,137,000 358,182,000 386,266,000 367,939,000 345,999,000 281,427,000 266,098,000 241,361,000 312,099,000 347,360,000 340,961,000 368,538,000 456,078,000 456,714,000 489,230,000 653,676,000 470,648,000 237,460,000 -38,092,000 
        total equity
      		1,739,755,000 1,619,911,000 1,513,455,000 1,546,991,000 1,524,169,000 1,478,958,000 1,522,963,000 1,551,098,000 1,578,682,000 1,498,496,000 1,495,210,000 1,502,841,000 1,524,865,000 1,484,114,000 1,521,000,000 1,617,862,000 1,664,193,000 1,623,722,000 1,571,220,000 970,673,000 921,147,000 890,117,000 884,812,000 920,933,000 940,625,000 978,913,000 1,016,003,000 1,020,798,000 1,056,799,000 988,300,000 757,395,000 531,577,000 222,318,000 
        total liabilities, redeemable partnership interests, and equity
      		5,019,167,000 5,460,482,000 5,389,959,000 4,847,743,000 4,710,120,000 5,004,056,000 4,758,909,000 4,421,922,000 4,471,575,000 4,434,755,000 4,929,056,000 4,448,099,000 3,940,759,000 4,740,704,000 4,614,991,000 4,440,444,000 5,216,201,000 5,333,165,000 4,634,095,000 4,000,733,000 3,982,450,000 4,678,612,000 4,132,238,000 3,886,237,000  3,583,680,000 3,506,858,000       
        restricted cash
      		  113,765,000 110,564,000 107,174,000 105,755,000 101,812,000 97,806,000 93,812,000 89,932,000 87,339,000 83,980,000 79,936,000 77,865,000 74,694,000 75,168,000 75,168,000 74,453,000 71,926,000 68,295,000 66,951,000 63,705,000 60,743,000 60,045,000 58,308,000    64,931,000 260,592,000 258,677,000 243,944,000 52,347,000 
        short-term debt
      		         129,747,000                        
        marketable securities
      		         239,000 310,000 441,000 788,000 1,031,000   524,569,000 536,154,000 1,093,887,000 4,001,000 33,283,000 121,759,000   36,795,000 123,417,000 33,659,000 43,745,000 48,942,000 93,715,000 9,127,000 8,622,000 57,623,000 
        6.125% senior notes
      		          549,088,000 548,434,000 547,784,000                     
        repurchase agreements and securities loaned
      		                140,007,000                 
        contingent class a common stock
      		             1,572,000 1,572,000 1,572,000 1,572,000 1,572,000 1,572,000 1,572,000 1,572,000 1,160,000 1,050,000 1,050,000 1,461,000 3,250,000 2,956,000 3,141,000 3,250,000     
        msrs
      		                 533,923,000 526,406,000 527,244,000              
        securities loaned
      		                 140,000,000   33,278,000    36,735,000 24,838,000 33,659,000 43,745,000  8,580,000 9,127,000 8,622,000  
        accumulated other comprehensive income
      		                     -3,739,000 -2,604,000 -1,277,000          
        total liabilities, redeemable partnership interest, and equity
      		                        3,201,599,000   3,453,198,000 3,454,157,000 3,721,094,000 2,837,139,000 3,057,150,000 2,273,007,000 
        restricted cash and cash equivalents
      		                         58,007,000 57,661,000 65,306,000      
        current portion of accounts payable, accrued expenses and other liabilities
      		                         473,789,000 330,084,000 302,191,000 312,239,000 248,365,000 184,248,000 165,746,000 124,961,000 
        current portion of payables to related parties
      		                         19,771,000 25,508,000 29,273,000 13,507,000 397,993,000 267,397,000 197,199,000 34,169,000 
        long-term debt payable to related parties
      		                             300,000,000 412,500,000 412,500,000 412,500,000 
        cash segregated under regulatory requirements
      		                             55,859,000 56,314,000   
        liabilities, redeemable partnership interest, and equity:
      		                                 
        warehouse notes payable
      		                             1,131,792,000 540,571,000 950,479,000 360,440,000 
        other-long term liabilities
      		                              169,079,000 163,190,000  
        loans held for sale
      		                                362,635,000 
        secured loans
      		                                57,623,000 
        other long term liabilities
      		                                163,795,000 
        redeemable partnership interest
      		                                21,096,000 
        bgc partners’ net investment in newmark
      		                                 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
                                        
          cash flows from operating activities:
        		                                
          consolidated net income
        		83,428,000 58,456,000 29,511,000 -15,949,000 64,051,000    53,341,000 14,154,000 11,229,000 -16,349,000 12,125,000 37,912,000 61,794,000 714,000 185,109,000 163,256,000 585,191,000 44,578,000 -5,127,000 99,524,000 642,000 14,238,000 -16,327,000 122,569,000 32,064,000 23,406,000 39,559,000 115,558,000 4,294,000 32,487,000 
          adjustments to reconcile net income to net cash from operating activities:
        		                                
          gains on originated mortgage servicing rights
        		-41,779,000 -38,425,000 -20,296,000 -18,711,000 -40,182,000 -23,948,000 -20,298,000 -19,552,000 -20,915,000 -23,170,000 -22,654,000 -8,965,000                  -33,901,000   
          depreciation and amortization
        		46,874,000 45,460,000 42,611,000 46,358,000 44,869,000 44,576,000 40,879,000 43,975,000 43,894,000 41,463,000 42,034,000 38,830,000 47,058,000 44,358,000 38,925,000 35,475,000 40,925,000 28,883,000 30,868,000 21,053,000 36,580,000 29,627,000 28,947,000 46,039,000 32,634,000 36,781,000 33,425,000 28,304,000 29,146,000 25,873,000 20,201,000 22,513,000 
          lease impairment
        		                                
          provision for credit losses on the financial guarantee liability
        		-877,000 1,697,000 1,972,000 1,503,000 -574,000 -2,674,000 106,000 1,251,000 -771,000 822,000                       
          provision (reversal) for doubtful accounts
        		1,247,000 2,477,000 4,080,000 1,559,000 601,000 265,000                           
          equity-based compensation and allocation of net income to limited partnership units and fpus
        		66,435,000 81,124,000 60,140,000 74,346,000 59,720,000 48,749,000 25,486,000 51,443,000 54,942,000 29,547,000 19,610,000 35,648,000 35,338,000 44,088,000 41,987,000 16,899,000 40,603,000 19,669,000 281,777,000 14,296,000 56,215,000 50,770,000 10,860,000 12,914,000    13,871,000     
          employee loan amortization and other non-cash compensation expense
        		44,060,000 39,977,000 38,877,000 32,359,000 32,084,000 29,700,000                           
          deferred tax provision
        		26,914,000 -9,331,000                       -28,808,000 0   12,028,000 -36,000   
          non-cash changes in acquisition related earn-outs
        		388,000 199,000 200,000 188,000 188,000 -3,312,000 -1,104,000 383,000 4,789,000 187,000 3,000 191,000 -2,498,000                    
          unrealized (gains) on loans held for sale
        		19,918,000 7,105,000 -19,072,000 -20,121,000        -6,188,000 -36,983,000 48,098,000 -10,862,000 -965,000 -5,449,000 -9,989,000 -1,786,000 -4,035,000 2,841,000            
          income from an equity method investment
        		                   -1,030,000     -1,250,000 -1,250,000   2,250,000 19,000 -1,843,000 -3,176,000 
          loan originations—loans held for sale
        		-3,563,994,000 -3,267,761,000 -2,158,500,000 -1,737,433,000 -3,334,363,000 -2,092,971,000 -1,631,220,000 -1,567,047,000 -1,659,385,000 -1,474,616,000 -2,976,883,000 -802,191,000 -2,019,703,000 -1,992,241,000 -2,140,238,000 -1,671,022,000 -3,145,062,000 -2,713,552,000 -1,118,939,000 -2,164,595,000 -4,088,340,000 -3,226,603,000 -2,513,573,000 -2,545,715,000 -1,271,991,000 -4,012,751,000 -1,944,040,000 -1,554,443,000 -2,674,707,000 -3,278,137,000 -1,249,137,000 -1,410,690,000 
          loan sales—loans held for sale
        		4,030,983,000 3,209,688,000 1,676,375,000 1,684,416,000 3,567,540,000 1,898,064,000 1,324,748,000 1,599,527,000 1,774,073,000 1,799,103,000 2,464,090,000 511,872,000 2,899,199,000 1,812,477,000 1,874,576,000 2,171,797,000 3,278,224,000 1,939,340,000 1,525,928,000 2,434,241,000 4,536,428,000 2,780,275,000 2,152,623,000 2,057,684,000 1,743,710,000 4,124,128,000 2,010,574,000 1,685,561,000 2,834,478,000 2,686,613,000 1,658,970,000 822,811,000 
          other
        		692,000 4,755,000 511,000 -42,000 7,910,000 -10,722,000 -4,539,000 6,273,000 -9,501,000 6,544,000 -1,151,000 5,843,000 522,000 353,000 686,000 611,000 940,000 895,000 890,000 885,000 -494,000 877,000 51,000 2,971,000 1,026,000 1,189,000 878,000 1,167,000     
          consolidated net income, adjusted for non-cash and non-operating items
        		714,289,000 135,421,000 -344,365,000 48,473,000 422,780,000 -101,816,000 -218,329,000 110,900,000 232,925,000 412,855,000 -432,537,000 -218,308,000 914,840,000 -8,659,000 -130,665,000 626,374,000 449,584,000 -678,651,000 212,178,000 317,786,000 553,669,000 -410,638,000 -288,565,000 -470,140,000 619,528,000 199,648,000 155,297,000 185,342,000 274,703,000 -521,443,000 487,692,000 -527,419,000 
          changes in operating assets and liabilities:
        		                                
          receivables
        		-42,808,000 -20,502,000 -10,172,000 42,320,000 -62,314,000 9,506,000 -28,521,000 99,005,000 -92,753,000 3,765,000 -5,350,000 25,029,000 -17,074,000 9,462,000 13,393,000 36,663,000 -55,971,000 -104,070,000 -16,076,000 -15,154,000 3,014,000 22,541,000 36,188,000 62,000,000 -27,728,000 -9,416,000 -19,586,000 4,709,000 -62,237,000 -22,766,000 -25,113,000 -19,374,000 
          loans, forgivable loans and other receivables from employees and partners
        		-42,852,000 -19,390,000 -35,596,000 -122,330,000 -2,083,000 -24,026,000 -24,671,000 -161,074,000 -33,667,000 -31,754,000 -47,384,000 -130,453,000 -31,013,000 -36,005,000 -35,463,000 -29,123,000 -29,024,000 -15,772,000 -25,971,000 -7,726,000 2,120,000 -14,254,000 -10,509,000 -105,274,000 -59,152,000 -48,936,000 -13,814,000 -39,995,000 -24,442,000 -35,217,000 -25,327,000 -24,583,000 
          right-of-use assets
        		21,617,000 25,600,000 18,401,000 -12,919,000 39,608,000 -8,630,000 36,676,000 28,244,000                         
          receivable from related parties
        		0 0 0 326,000         0 0 0 8,262,000                 
          other assets
        		43,032,000 -12,079,000 23,829,000 -62,464,000 48,397,000 -31,822,000 -9,149,000 -4,271,000 4,404,000 7,364,000 -11,407,000 -9,397,000 61,952,000 -65,949,000 47,496,000 -34,785,000 -53,954,000 -20,123,000 74,147,000 8,788,000 21,570,000 -20,828,000 49,275,000 -28,253,000 -50,358,000 -19,392,000 -24,889,000 -18,602,000 17,168,000 -2,418,000 -10,611,000 -14,063,000 
          accrued compensation
        		15,642,000 37,409,000 -27,267,000 -115,978,000 82,948,000 13,482,000 -15,070,000 -96,503,000 68,656,000 -1,317,000 511,000 -90,112,000 43,000 -5,234,000 11,428,000 -108,570,000 36,067,000 -238,240,000 143,166,000 -24,230,000 22,822,000 1,616,000 -10,065,000 -89,742,000 26,633,000 54,949,000 20,428,000 -62,051,000 15,280,000 36,968,000 33,019,000 -35,069,000 
          right-of-use liability
        		-24,401,000 -27,766,000 -17,687,000 10,178,000 -42,542,000 5,053,000 -37,181,000 -32,192,000 -7,623,000 -27,017,000 -11,295,000 6,189,000                     
          accounts payable, accrued expenses and other liabilities
        		-63,052,000 979,000 7,500,000 26,778,000 -77,846,000 53,697,000 40,598,000 -15,820,000 42,834,000 21,261,000 -19,818,000 27,398,000 5,460,000 24,501,000 -51,304,000 -13,990,000 -68,881,000 -58,943,000 116,586,000 6,839,000 -42,384,000 33,348,000 -66,649,000 -6,730,000 66,598,000 -7,657,000 61,741,000 -29,970,000 83,521,000 29,505,000 9,745,000 30,114,000 
          payables to related parties
        		-2,951,000 -7,041,000 5,615,000 6,212,000 -6,045,000 -688,000 -2,839,000 2,928,000 3,895,000 -6,511,000 7,961,000 -8,446,000 -2,227,000 585,000 -17,136,000 13,484,000 3,415,000 1,620,000 -9,348,000 4,679,000 -1,618,000 2,260,000 -12,369,000 -14,262,000 17,824,000        
          net cash from operating activities
        		618,516,000 112,631,000 -379,742,000 -179,404,000 402,577,000 -85,244,000 -258,486,000 -68,783,000 219,977,000 413,540,000 -500,638,000 -398,840,000 931,608,000 -74,299,000 -163,121,000 502,155,000 277,848,000 -1,111,699,000 494,182,000 290,960,000 563,356,000 -385,955,000   593,345,000 174,805,000 179,177,000 39,433,000 303,993,000 -515,371,000 469,405,000 -590,394,000 
          capital expenditures
        		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0   0 0 0 0 0 0 0 0 
          free cash flows
        		618,516,000 112,631,000 -379,742,000 -179,404,000 402,577,000 -85,244,000 -258,486,000 -68,783,000 219,977,000 413,540,000 -500,638,000 -398,840,000 931,608,000 -74,299,000 -163,121,000 502,155,000 277,848,000 -1,111,699,000 494,182,000 290,960,000 563,356,000 -385,955,000   593,345,000 174,805,000 179,177,000 39,433,000 303,993,000 -515,371,000 469,405,000 -590,394,000 
          cash flows from investing activities:
        		                                
          payments for acquisitions, net of cash acquired and proceeds from divestitures
        		        0 0 0 -99,885,000                     
          proceeds from the exercise of redemption option
        		        0                        
          purchase of non-marketable investments
        		    0 0 0 -312,000     0 0 -368,000 -2,355,000 -7,000,000                
          payments for intangible assets
        		    0                            
          purchases of fixed assets
        		-9,694,000 -7,732,000 -6,502,000 -5,444,000 -6,019,000 -9,182,000 -9,266,000 -7,042,000 -11,540,000 -10,187,000 -15,460,000 -18,174,000 -22,174,000 -22,486,000 -8,860,000 -8,669,000 -8,439,000 -5,179,000 -3,660,000 -2,443,000 -3,444,000 -4,205,000 -2,128,000 -9,849,000 -11,079,000 -12,707,000 -4,804,000 -5,936,000 -10,230,000 -1,658,000 -7,414,000 -1,714,000 
          purchase of restricted short-term investments
        		-119,097,000                                
          proceeds from maturity of restricted short-term investments
        		114,000,000                                
          net cash from investing activities
        		-68,151,000 -118,014,000 -6,502,000 -5,444,000 -6,129,000 -10,682,000 -9,266,000 -7,354,000 -11,540,000 95,314,000 -15,460,000 -118,059,000 -22,174,000 -22,518,000 -73,475,000 426,796,000 29,100,000 438,208,000 -4,437,000 -9,783,000 -16,108,000 -4,058,000 -2,236,000 18,800,000 -26,183,000 -5,044,000 -28,433,000 2,872,000 24,252,000 -29,452,000   
          cash flows from financing activities:
        		                                
          proceeds from warehouse facilities
        		3,563,994,000 3,267,761,000 2,158,500,000 1,737,433,000 3,334,363,000 2,092,971,000 1,631,220,000 1,567,047,000 1,659,385,000 1,474,616,000 2,976,883,000 802,191,000 2,019,703,000 1,992,241,000 2,140,238,000 1,671,022,000 3,145,062,000 2,713,552,000 1,118,939,000 2,164,595,000 4,088,340,000 3,226,603,000 2,513,573,000 2,545,715,000 1,271,991,000 4,012,751,000 1,944,040,000 1,554,443,000     
          principal payments on warehouse facilities
        		-4,021,944,000 -3,208,235,000 -1,688,802,000 -1,670,576,000 -3,565,855,000 -1,900,032,000 -1,331,786,000 -1,572,251,000 -1,770,211,000 -1,796,631,000 -2,473,112,000 -511,896,000 -2,898,649,000 -1,810,471,000 -1,877,360,000 -2,150,011,000 -3,278,698,000 -1,939,393,000 -1,525,801,000 -2,408,764,000 -4,537,472,000 -2,780,365,000 -2,152,799,000 -2,052,041,000 -1,743,203,000 -4,125,086,000 -2,010,591,000 -1,667,084,000     
          borrowing of debt
        		100,000,000 0 305,000,000 115,000,000 10,000,000 60,000,000 75,000,000 700,000,000 680,000,000 25,000,000 0 225,000,000     0 0 25,000,000 30,000,000 0 0 0 365,000,000         
          repayment of debt
        		-175,000,000 -125,000,000 -205,000,000 -15,000,000 -110,000,000 -35,000,000 0 -575,000,000 -735,000,000        0 -140,000,000 -25,000,000 -30,000,000 -200,000,000    -10,000,000 -30,000,000 -15,000,000 -50,000,000     
          purchase of limited partnership interests
        		    -1,023,000                            
          treasury stock repurchases
        		-1,545,000 0   -30,351,000 -89,551,000 -55,507,000 -37,161,000 -5,158,000 -18,909,000   -13,609,000 -105,265,000 -145,035,000 -30,893,000 -151,204,000 -84,132,000 -45,919,000 -9,283,000     -3,385,000 -20,087,000       
          earnings and tax distributions to limited partnership interests and other noncontrolling interests
        		-3,571,000 -5,133,000 -9,983,000 -12,869,000 -6,332,000 -9,907,000 -6,193,000 -16,225,000 -3,720,000 -9,123,000 -11,103,000 -11,429,000 -6,271,000 -16,001,000                   
          dividends to stockholders
        		-5,429,000 -5,328,000 -5,546,000 -5,420,000 -5,098,000 -5,104,000 -5,190,000 -5,232,000 -5,219,000 -5,245,000 -5,226,000 -5,215,000 -5,180,000 -5,358,000 -5,502,000 -1,893,000 -1,935,000 -2,003,000 -1,852,000 -1,841,000 -1,809,000 -1,799,000 -1,790,000 -17,773,000 -17,586,000 -17,698,000       
          payments on acquisition earn-outs
        		0 0 0 -943,000     0 0   0 -4,322,000 0 -2,131,000 -1,513,000 -2,979,000 -984,000 -37,366,000 -812,000 -2,222,000 0 -1,759,000 -1,430,000 -490,000   -976,000 -245,000 -2,497,000 -758,000 
          deferred financing costs
        		-8,000 -1,232,000   -1,625,000 -28,000 -302,000 -5,038,000 -3,083,000    -14,000 -1,631,000 -648,000 -2,761,000 -29,000 -1,000,000               
          net cash from financing activities
        		-543,503,000 -77,167,000 428,196,000 147,625,000 -375,921,000 102,065,000 307,242,000 56,140,000 -183,006,000 -527,283,000 473,098,000 498,651,000 -904,020,000 49,193,000 73,799,000 -677,492,000 -285,653,000 681,049,000 -463,247,000 -328,427,000 -625,511,000 359,537,000 320,479,000 763,318,000 -519,606,000 -160,777,000 -123,245,000 -91,878,000 -529,897,000 556,616,000   
          net increase in cash and cash equivalents and restricted cash
        		6,862,000 -82,550,000 41,952,000 -37,223,000 20,527,000 6,139,000   25,431,000 -18,429,000 -43,000,000 -18,248,000 5,414,000 -47,624,000 -162,797,000 251,459,000 21,295,000 7,558,000 26,498,000 -47,250,000 -78,263,000 -30,476,000 15,549,000 129,717,000 47,556,000 8,984,000 27,499,000 -49,573,000     
          cash and cash equivalents and restricted cash at beginning of period
        		0 0 0 304,865,000 0 0 0 258,706,000 0 0 0 312,952,000 0 0 0 266,500,000 0 0 0 258,399,000 0 0 0 221,872,000 0 0 0 187,406,000 0 0 0 173,374,000 
          cash and cash equivalents and restricted cash at end of period
        		6,862,000 -82,550,000 41,952,000 267,642,000 20,527,000 6,139,000 39,490,000 238,709,000 25,431,000 -18,429,000 -43,000,000 294,704,000 5,414,000 -47,624,000 -162,797,000 517,959,000 21,295,000 7,558,000 26,498,000 211,149,000 -78,263,000 -30,476,000 15,549,000 351,589,000 47,556,000 8,984,000 27,499,000 137,833,000 -201,652,000 11,793,000 83,252,000 292,013,000 
          realized losses on marketable securities
        		                                
          unrealized losses on marketable securities
        		    44,000 -2,000 -50,000 14,000 141,000 70,000 132,000 346,000                     
          unrealized losses on non-marketable investments
        		    10,000 0                           
          proceeds from the sale of marketable securities
        		            0 0 0 437,820,000 55,361,000 460,291,000 3,781,000 31,631,000 0 147,000 0 34,591,000 0 10,402,000 13,098,000 9,106,000 44,445,000 0 -763,000 52,196,000 
          purchase of marketable securities
        		            0                    
          purchase of mortgage servicing rights
        		                    0 0 -108,000 -92,000    -298,000 -983,000 -516,000 -1,099,000 -509,000 
          repurchase agreements and securities loaned
        		            0 0 0 -140,007,000                 
          deferred tax benefit
        		     0 0 -136,000     -24,405,000 0 0 -94,000     439,000            
          unrealized losses on loans held for sale
        		     -13,881,000   -27,212,000 -3,937,000                       
          consolidated net loss
        		      23,416,000 -26,316,000                         
          adjustments to reconcile net loss to net cash from operating activities:
        		                                
          provision for doubtful accounts
        		       -910,000 -871,000 108,000                       
          employee loan amortization
        		       31,198,000 14,246,000 28,266,000 25,043,000 25,380,000 23,142,000 21,409,000 20,704,000 18,861,000 25,425,000 17,216,000 19,455,000 17,322,000 23,403,000 18,267,000 17,458,000 14,468,000 7,299,000 13,184,000 11,067,000 7,437,000  9,099,000   
          unrealized gains on loans held for sale
        		       -9,203,000                  3,176,000 -12,422,000 -13,276,000  6,827,000 7,838,000 -15,126,000 
          net decrease in cash and cash equivalents and restricted cash
        		       -19,997,000                         
          nasdaq earn-out recognition
        		                0 0   0            
          unrealized (gains) on investments
        		               -1,599,000                 
          change in valuation of derivative asset
        		              1,087,000 313,000 292,000 -221,000 6,802,000 5,602,000 6,570,000 5,771,000 22,512,000 -21,173,000         
          right-of-use asset
        		        1,306,000 34,894,000 18,681,000 -740,000                     
          proceeds from the sale of limited partnership interests
        		                2,873,000 0 0 4,025,000             
          redemption and repurchase of limited partnership interests
        		                321,000 0               
          loss from an equity method investment
        		         -5,686,000                       
          benefit from credit losses on the financial guarantee liability
        		           2,803,000         -3,070,000 0 222,000 14,480,000         
          benefit from doubtful accounts
        		           -1,945,000 1,107,000 907,000 843,000 3,788,000   2,874,000 1,190,000 1,692,000 28,000 194,000 2,754,000         
          loss (income) from an equity method investment
        		           -3,583,000         0            
          provision/(reversals) for/of credit losses on the financial guarantee liability
        		            1,152,000 677,000 -284,000 195,000 1,634,000 1,123,000 -4,701,000 -1,648,000             
          (gains) losses from an equity method investment
        		                                
          realized losses (gains) on marketable securities
        		                                
          unrealized losses (gains) on marketable securities
        		                                
          unrealized losses (gains) on non-marketable investments
        		                                
          payments for acquisitions, net of cash acquired
        		            0 0   -10,822,000 -15,404,000 -4,558,000 -38,971,000 0 0 0 -5,850,000 -15,727,000 -2,009,000       
          distributions from equity method investment
        		                                
          purchase of debt securities
        		                                
          gain on originated mortgage servicing rights
        		             -26,752,000 -35,427,000 -36,199,000     -67,342,000 -53,006,000 -34,598,000 -38,967,000 -29,287,000 -35,186,000 -21,433,000 -17,254,000    -6,389,000 
          realized gain on marketable securities
        		             0 0 7,470,000                -2,400,000 
          unrealized gain on marketable securities
        		             283,000 0 80,130,000 -35,781,000               -796,000 
          unrealized loss (gains) on non-marketable investments
        		             -1,000                   
          right of use asset
        		             23,087,000 -34,684,000 9,854,000 36,190,000 -15,320,000 13,179,000 7,459,000             
          right of use liability
        		             -16,087,000 33,814,000 -6,014,000 -31,316,000 17,800,000 -13,679,000 -7,481,000             
          gains from an equity method investment
        		                                
          earnings distributions to limited partnership interests and other noncontrolling interests
        		               -20,818,000 -537,000 -2,996,000 -4,859,000 -6,515,000             
          unrealized gain on investment
        		                0                
          (gains) income from an equity method investment
        		                                
          realized (gain) loss on marketable securities
        		                           51,000     
          realized loss (gains) on non-marketable investments
        		                941,000 0               
          purchase of msrs
        		                                
          settlement of pre-spin-off related party receivables
        		                        0 0 6,848,000 27,044,000     
          gain on originated msrs
        		                 -28,246,000 -22,436,000 -48,138,000             
          non-cash changes in acquisition related earnouts
        		                 221,000 338,000 414,000   1,102,000 -12,813,000         
          realized loss on marketable securities
        		                                
          securities loaned
        		                 140,000,000 0 -33,278,000 33,278,000 0 0 -36,735,000 11,897,000 -8,822,000 -10,085,000 43,745,000 -8,580,000 -547,000   
          realized loss (gains) on marketable securities
        		                  -2,693,000 -1,950,000 0            
          unrealized loss on marketable securities
        		                                
          unrealized gains on marketable securities
        		                   -399,000      665,000 -1,150,000 -3,960,000     
          unrealized loss (gains) on marketable securities
        		                                
          proceeds from bgc's purchase of exchangeable limited partnership units in newmark holdings
        		                            0    
          proceeds from issuance of epus
        		                                
          payments to related parties
        		                               -13,000,000 
          borrowings from related parties
        		                               177,016,000 
          proceeds from the ipo, net of underwriting discounts
        		                                
          capital contribution
        		                                
          earnings distributions to limited partnership interests and noncontrolling interests
        		                    0 -7,164,000 -37,966,000 -36,749,000 -27,885,000 -18,823,000 -59,917,000 -33,951,000     
          prepayment penalty on debt
        		                                
          payment of deferred financing costs
        		                    -672,000 -516,000 -539,000 -2,340,000    -32,000 -156,000 -1,096,000 -40,000 -16,000 
          change in fair value of contingent consideration
        		                        89,000 208,000 238,000 193,000 236,000 -215,000 219,000 134,000 
          unrealized (gains) on marketable securities
        		                                
          unrealized gain on non-marketable investments
        		                                
          unrealized (gains) loss on loans held for sale
        		                      10,903,000 -36,061,000         
          (income) income from an equity method investment
        		                                
          realized (gains) loss on marketable securities
        		                      0 2,204,000         
          unrealized (gains) loss on marketable securities
        		                                
          adjustments to reconcile net income to net cash (used in) provide by operating activities:
        		                                
          loss on non-marketable investments
        		                       16,837,000         
          net cash (used in) provide by operating activities
        		                       -652,401,000         
          nasdaq recognition
        		                        0        
          equity-based compensation and allocation of net income to limited partnership units and fpus and issuance of common stock
        		                                
          realized gains on non-marketable investments
        		                                
          provision for uncollectible accounts
        		                               1,140,000 
          distributions of earnings to bgc
        		                                
          pre-acquisition distributions relating to bpf acquisitions
        		                                
          equity-based compensation and allocations of net income to limited partnership units and fpus
        		                         56,648,000       
          realized gain on non-marketable investments
        		                                
          benefit from uncollectible accounts
        		                         -70,000 689,000 956,000 1,154,000 159,000   
          realized gains on marketable securities
        		                         -2,244,000    0   
          changes in valuation of derivative asset
        		                         8,214,000       
          distributions from real estate lp
        		                                
          purchases of non-marketable investments
        		                         -7,900,000       
          purchases of mortgage servicing rights
        		                         -123,000       
          proceeds from issuance of exchangeable preferred partnership units
        		                            -3,400,000 112,683,000   
          fees relating to the ipo
        		                                
          borrowings of debt
        		                         45,000,000 60,000,000 50,000,000     
          payments of deferred financing costs
        		                         -1,282,000       
          unrealized gain on measurement alternative investments
        		                                
          valuation of derivative asset
        		                           13,329,000 -12,675,000 -9,135,000   
          investment in cost method investments
        		                            -7,000,000 0 -15,000,000 -7,500,000 
          distributions to stockholders
        		                           -16,043,000     
          nasdaq earn-out
        		                                
          employee loan amortization and reserves
        		                                
          unrealized (gains) losses on loans held for sale
        		                                
          payments for acquisitions, net of cash acquired and repurchase of noncontrolling interests
        		                                
          borrowing of long-term debt
        		                                
          repayment of long-term debt
        		                            -133,950,000 -113,200,000 -152,850,000 -270,710,000 
          capital contribution from cantor
        		                                
          distributions to noncontrolling interests
        		                              0 -100,000 
          equity-based compensation and allocations of net income to limited partnership units
        		                             40,263,000 58,104,000 25,809,000 
          amortization of deferred financing costs
        		                             158,000 254,000 255,000 
          payments for acquisitions, net of cash acquired and repurchases of noncontrolling interests
        		                             -27,278,000   
          proceeds from warehouse notes payable
        		                             3,278,137,000 1,249,137,000 1,410,690,000 
          principal payments on warehouse notes payable
        		                             -2,686,916,000 -1,659,045,000 -820,651,000 
          pre-acquisition distributions relating to the bpf acquisition
        		                                
          earnings distributions
        		                                
          dividends to common stockholders
        		                                
          payments for ipo offering costs
        		                             0 0 -8,870,000 
          net increase in cash and cash equivalents
        		                             11,793,000 83,252,000 118,639,000 
          supplemental disclosures of cash flow information:
        		                                
          cash paid during the period for:
        		                                
          interest
        		                             20,534,000 20,444,000 12,922,000 
          taxes
        		                             869,000 15,000 19,000 
          proceeds from bgc's purchase of exchangeability limited partnership units in newmark holdings
        		                              0 241,960,000 
          employee loan amortization and impairment
        		                               6,009,000 
          cash acquired, net of purchases of noncontrolling interest
        		                                
          net cash provided (used in) by investing activities
        		                               42,473,000 
          secured loans
        		                               -49,001,000 
          net cash provided (used in) by financing activities
        		                               666,560,000 
          equity-based compensation
        		                                
          restricted cash
        		                                
          net cash provided (used in) by operating activities
        		                                
          distributions relating to bpf acquisitions
        		                                
          cash and cash equivalents at beginning of period
        		                                
          cash and cash equivalents at end of period
        		                                
          supplemental disclosure of noncash investing and financing activities:
        		                                
          net assets contributed by bgc partners’
        		                                
          debt assumed from bgc
        		                                
          accrued offering costs
        		                                
          supplemental noncash activity for the purchase of noncontrolling interest:
        		                                
          total stockholders’ equity
        		                                
          noncontrolling interest