Newmark (NMRK) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 25, 2026 astatine 10:20 AM CST 25 min read

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Wednesday, February 25, 2026 astatine 10 a.m. ET

• Chief Executive Officer — Barry M. Gosin

• Chief Financial Officer — Michael J. Rispoli

• Head of Investor Relations — Jason McGruder

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Jason McGruder: Thank you, Operator, and bully morning, everyone. Newmark Group, Inc. issued its 4th fourth and afloat twelvemonth 2025 fiscal results property merchandise this morning. Unless different stated, the results provided connected today's telephone comparison the 3 months ended 12/31/2025 with the year-earlier period. Except arsenic different specified, we volition beryllium referring to our results lone connected a non-GAAP basis, including the presumption adjusted net and adjusted EBITDA. Unless different stated, immoderate figures discussed contiguous with respect to currency travel from operations notation to our nett currency provided by operating activities excluding the interaction of GSE/FHA indebtedness origination and sales.

We whitethorn besides usage the word “cash generated by the business,” which is the aforesaid operating currency travel measurement earlier the interaction of currency utilized for worker loans. Please notation to today's property release, supplemental tables, and the quarterly results presumption connected our website for complete, updated definitions of immoderate non-GAAP terms, reconciliations of these items to the corresponding GAAP results, and how, when, and wherefore absorption uses them. For further accusation connected our currency travel measures arsenic good arsenic applicable manufacture oregon economical statistics, delight spot our materials. The outlook discussed contiguous excludes the imaginable interaction of immoderate acquisitions that adjacent successful 2026 and assumes nary meaningful changes successful Newmark Group, Inc.’s banal terms compared with the close.

Our expectations are taxable to alteration based connected assorted macroeconomic, social, political, and different factors. None of our targets oregon goals beyond 2026 should beryllium considered ceremonial guidance. Also, I punctual you that accusation connected this telephone contains forward-looking statements, including, without limitation, statements concerning our economical outlook and business. Such statements are taxable to risks and uncertainties, which could origin our existent results to disagree from expectations. Except arsenic required by law, we undertake nary work to update immoderate forward-looking statements.

For a implicit treatment of the risks and different factors that whitethorn interaction these forward-looking statements, spot our SEC filings, including but not constricted to, the hazard factors and disclosures regarding forward-looking accusation successful our astir caller SEC filings, which are incorporated by reference. I volition present crook the telephone implicit to our big and Chief Executive Officer, Barry M. Gosin.