Newmark Group, Inc. (NMRK) Q1 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Newmark Group, Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.619 Good day, and welcome to the Newmark First Quarter 2026 00:00:04.619 -- 00:00:08.907 Public Financial Results Call. Today's conference is being recorded. 00:00:08.907 -- 00:00:13.655 At this time, I would like to turn the conference over to Jason McGruder, Head of Investor 00:00:13.655 -- 00:00:15.458 Relations. Please go ahead. 00:00:15.458 -- 00:00:17.458 Thank 00:00:17.843 -- 00:00:23.132 you, Operator. Good morning. Newmark issued its First Quarter 2026 Financial Results 00:00:23.132 -- 00:00:27.028 Press Release earlier today. Unless otherwise stated, the results provided on today's 00:00:27.028 -- 00:00:32.334 call compare only the three months ending March 31, 2026 with the year earlier period. 00:00:32.334 -- 00:00:36.639 Except as otherwise specified, we will be referring to our results only on a non-GAAP 00:00:36.639 -- 00:00:40.223 basis, including the terms adjusted earnings, adjusted EBITDA, and adjusted pre-cash 00:00:40.223 -- 00:00:44.848 flow. Unless otherwise stated, any figures discussed today with respect to cash flow 00:00:44.848 -- 00:00:50.074 from operations refer to net cash provided by operating activities, excluding the impact 00:00:50.074 -- 00:00:55.440 of GSE FHA loan origination and sales. We may also use the term cash generated 00:00:55.440 -- 00:00:59.164 by the business, which is that same operating cash flow measure before the impact of 00:00:59.164 -- 00:01:03.048 cash used for employee loans. Please refer to today's press release, the supplemental 00:01:03.048 -- 00:01:06.811 tables, and the quarterly results presentation on our website for complete and updated 00:01:06.811 -- 00:01:11.336 definitions of any non-cap terms, reconciliations of these items to the corresponding 00:01:11.336 -- 00:01...