NMRK Q1 2024 Earnings — Newmark Group, Inc. Revenue & Financial Results | Market Cap Arena

NMRKNewmark Group, Inc.

$3B

Q1 2024 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$546M+4.9% YoY

Gross Profit

$546M100.0% margin

Operating Income

-$23M-4.1% margin

Net Income

-$16M-3.0% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-26.9%

Cash Flow

Operating Cash Flow

-$69M

Free Cash Flow

-$76M

Stock-Based Comp.

$51M

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$2.9B

Stockholders' Equity

$1.2B

Cash & Equivalents

$141M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$546M	$521M	+4.9%
Gross Profit	$546M	$521M	+4.9%
Operating Income	-$23M	-$12M	-91.4%
Net Income	-$16M	-$10M	-57.0%

Revenue Segments

Management Services

$193M37%

Leasing And Other Commissions

$159M30%

Investment Advice

$71M13%

Servicing Fees And Other

$63M12%

Mortgage Brokerage And Debt Placement

$27M5%

Servicing

$16M3%

Geographic Segments

UNITED STATES

$461M84%

UNITED KINGDOM

$50M9%

Other Geographical Areas

$35M6%