News

Real estate services firm Newmark (NASDAQ:NMRK) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 21.8% year on year to $665.5 million. The company expects the full year’s revenue to be around $3 billion, close to analysts’ estimates. Its non-GAAP profit of $0.21 per share was 12.9% above analysts’ consensus estimates.

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Newmark (NMRK) Q1 CY2025 Highlights:

StockStory’s Take

Newmark’s first quarter was defined by broad-based revenue gains across capital markets, leasing, and management services, as management attributed the results to both market share gains and ongoing investment in talent and service expansion. CEO Barry Gosin pointed to double-digit increases in every major business line, citing a 33% rise in capital markets and 31% growth in leasing revenues, supported by strong activity in key cities like New York and San Francisco.

Looking ahead, management reaffirmed its full-year outlook but expressed caution due to macroeconomic uncertainty, including interest rate volatility and potential tariff impacts. CFO Mike Rispoli emphasized the company’s visibility into its revenue pipeline for the first half of the year, but noted that the decision to hold guidance steady was driven by a conservative approach given external risks. Rispoli stated, “Had the macroenvironment been different, we certainly would have been considering guiding towards the higher end of the range.”

Key Insights from Management’s Remarks

Management highlighted that Newmark’s first quarter performance was led by significant volume growth and ongoing expansion into new markets and service lines. The company noted that its results outpaced broader industry trends, and that its business mix is increasingly diversified.

Drivers of Future Performance

Management’s outlook for the remainder of the year centers on maintaining revenue momentum while navigating persistent macroeconomic uncertainty and competitive pressures.

Top Analyst Questions

Catalysts in Upcoming Quarters

Looking to the next few quarters, the StockStory team will be monitoring (1) the pace of growth in recurring management and servicing revenues as a buffer against transaction-driven volatility, (2) whether Newmark’s talent acquisition and retention strategy continues to drive market share gains, and (3) the impact of shifting macroeconomic conditions—including interest rates and regulatory changes—on capital markets activity. Execution in new markets and service lines will also be key indicators of sustainable growth.

Newmark currently trades at a forward P/E ratio of 8.4×. Is the company at an inflection point that warrants a buy or sell? See for yourself in our free research report .

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