NMRK Q3 2023 Earnings — Newmark Group, Inc. Revenue & Financial Results | Market Cap Arena

NMRKNewmark Group, Inc.

$3B

Q3 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$616M-7.3% YoY

Gross Profit

$616M100.0% margin

Operating Income

$30M4.9% margin

Net Income

$10M1.6% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$414M

Free Cash Flow

$403M

Stock-Based Comp.

$30M

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$2.9B

Stockholders' Equity

$1.2B

Cash & Equivalents

$143M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$616M	$665M	-7.3%
Gross Profit	$616M	$665M	-7.3%
Operating Income	$30M	$58M	-48.6%
Net Income	$10M	$28M	-64.4%

Revenue Segments

Leasing And Other Commissions

$203M34%

Management Services

$193M32%

Investment Advice

$95M16%

Servicing Fees And Other

$61M10%

Mortgage Brokerage And Debt Placement

$24M4%

Servicing

$21M4%

Geographic Segments

UNITED STATES

$532M86%

UNITED KINGDOM

$46M7%

Other Geographical Areas

$39M6%