NMRK Q2 2023 Earnings — Newmark Group, Inc. Revenue & Financial Results | Market Cap Arena

NMRKNewmark Group, Inc.

$3B

Q2 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$586M-22.4% YoY

Gross Profit

$586M100.0% margin

Operating Income

$28M4.7% margin

Net Income

$6M1.1% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+12.5%

Cash Flow

Operating Cash Flow

-$501M

Free Cash Flow

-$516M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$3.4B

Stockholders' Equity

$1.2B

Cash & Equivalents

$164M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$586M	$755M	-22.4%
Gross Profit	$586M	$755M	-22.4%
Operating Income	$28M	$89M	-69.1%
Net Income	$6M	$49M	-86.7%

Revenue Segments

Leasing And Other Commissions

$204M36%

Management Services

$178M32%

Investment Advice

$78M14%

Servicing Fees And Other

$62M11%

Servicing

$23M4%

Mortgage Brokerage And Debt Placement

$19M3%