NMRK Q1 2023 Earnings — Newmark Group, Inc. Revenue & Financial Results | Market Cap Arena

NMRKNewmark Group, Inc.

$3B

Q1 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$521M-23.2% YoY

Gross Profit

$521M100.0% margin

Operating Income

-$12M-2.3% margin

Net Income

-$10M-2.0% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

-14.2%

Cash Flow

Operating Cash Flow

-$399M

Free Cash Flow

-$417M

Stock-Based Comp.

$36M

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$2.9B

Stockholders' Equity

$1.2B

Cash & Equivalents

$211M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$521M	$678M	-23.2%
Gross Profit	$521M	$678M	-23.2%
Operating Income	-$12M	$13M	-193.9%
Net Income	-$10M	$362,000	-2959.1%

Revenue Segments

Management Services Servicing Fees And Other

$212M41%

Leasing And Other Commissions

$193M37%

Investment Advice

$72M14%

Commercial Mortgage Origination

$43M8%