Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Cushman & Wakefield (CWK)

Cushman & Wakefield Q4 net loss of $22.4 million; revenue hits record $2.9 billion

Mixed Impact 4 of 5 earnings Written later

Cushman & Wakefield reported fourth-quarter 2025 revenue of $2.9 billion, its highest fourth quarter in company history, but swung to a net loss of $22.4 million after a $177.0 million impairment on its Greystone joint venture. For the full year, revenue rose 9% to $10.3 billion and adjusted diluted earnings per share rose 34% to $1.22, while GAAP net income fell $43.1 million to $88.2 million.

Key points

  • Q4 2025 net loss of $22.4 million, or $0.10 per diluted share, versus net income of $112.9 million, or $0.48 per diluted share, in Q4 2024
  • Q4 2025 included a one-time $177.0 million other-than-temporary impairment on the Greystone JV equity method investment
  • Q4 2025 adjusted diluted EPS of $0.54, up $0.06 or 13%; full-year 2025 adjusted diluted EPS of $1.22, up 34%
  • Full-year 2025 free cash flow of $293.0 million, up $126.0 million; $300.0 million of term loan principal prepaid and liquidity of $1.8 billion at December 31, 2025

The filing

CompanyCushman & Wakefield (CWK)
Form8-K, current report
Filed with the SECFeb 19, 2026, 7:01 AM ET
Accession number0001628369-26-000005

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.