NMRK Q2 2024 Earnings — Newmark Group, Inc. Revenue & Financial Results | Market Cap Arena

NMRKNewmark Group, Inc.

$3B

Q2 2024 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$633M+8.1% YoY

Gross Profit

$633M100.0% margin

Operating Income

$41M6.4% margin

Net Income

$14M2.3% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

+15.9%

Cash Flow

Operating Cash Flow

-$258M

Free Cash Flow

-$268M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$3.2B

Stockholders' Equity

$1.2B

Cash & Equivalents

$176M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$633M	$586M	+8.1%
Gross Profit	$633M	$586M	+8.1%
Operating Income	$41M	$28M	+47.8%
Net Income	$14M	$6M	+122.1%

Revenue Segments

Leasing And Other Commissions

$209M34%

Management Services

$199M32%

Investment Advice

$92M15%

Servicing Fees And Other

$64M10%

Mortgage Brokerage And Debt Placement

$28M5%

Servicing

$23M4%

Geographic Segments

UNITED STATES

$552M87%

UNITED KINGDOM

$46M7%

Other Geographical Areas

$35M6%