Newmark Group, Inc. (NMRK) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Newmark Q2 2026 public financial results call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Jason McGruder, head of investor relations. Please go ahead, sir. Thank you, operator, and good morning. Newmark issued its second quarter 2026 financial results press release earlier today. Unless otherwise, David, these results... compare only the three months ending June 30th, 2026 with the year earlier period. Except as otherwise stated, we'll be referring to results only on a non-GAAP basis, including the terms adjusted earnings, adjusted EBITDA, and adjusted free cash flow. Unless otherwise stated, any figures discussed today with respect to cash flow from operations refer to net cash provided by operating activities excluding the impact of GSE FHA loan origination and sales. We may also use the term Cash generated by the business, which is the same operating cash flow measure before the impact of cash used for employee loans. Please refer to today's press release, the supplemental tables, and the quarterly results presentation on our website for a complete and updated set of definitions for any non-GAAP items, terms, reconciliations items to the corresponding GAAP results and how, when, and why management uses them. For additional information on cash flow measures, as well as relevant industry or economic statistics. The outlook discussed today excludes the potential impact of any future acquisitions and assumes no meaningful changes in Newmark's stock price paired with yesterday's close. Our expectations are subject to change based on various macroeconomic, social, political, and other factors. None of our targets or goals beyond 2026 should be considered formal guidance. Also, we remind you tha...