Newmark Group reported a significant acceleration in revenue and operating income in fiscal 2025, driven by expanded leasing commissions, heightened capital markets activities, and broadened management services. The company strategically navigated competitive real estate service pressures through reinforced client relationships and a diversified service mix while executing key refinancing operations to optimize its capital structure. After years of cash flow challenges, 2025 marked a meaningful recovery with positive operating cash flow and disciplined capital allocation favoring share repurchases over dividends.