CBRE Group (CBRE) 10-K Summary — Year Ended Dec 31, 2025
CBRE Group reported continued revenue growth for the fiscal year ended December 2025. The company's operating income and net income remained positive, with operating cash flow supporting liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
CBRE Group reported continued revenue growth for the fiscal year ended December 2025. The company's operating income and net income remained positive, with operating cash flow supporting liquidity.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$39.9B
Revenue reported for the fiscal year.
Operating income
$1.8B
Income from operations reported for the year.
Net income
$1.2B
Net income reported for the year.
Operating cash flow
$1.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $30.2B | +12.0% |
| Dec 31, 2023 | $31.5B | +4.4% |
| Dec 31, 2024 | $35.2B | +11.7% |
| Dec 31, 2025 | $39.9B | +13.4% |
Business overview
The supplied filing context includes a reference to a business overview section, but no specific description of the company's operations or segments is provided. Therefore, the business cannot be described from the available data.
Financial performance
Revenue grew over the reported period, increasing each year from the prior period. Operating income and net income were both positive. Operating cash flow also remained positive for the period.
Material risks
The filing references risk factors under Item 1A, but the specific risks are not detailed in the supplied context. Therefore, no material risks can be identified from the available data.
Liquidity and capital
The company intends to satisfy working capital and funding requirements through internally generated cash flow and, if necessary, borrowings under its revolving credit facilities and commercial paper program. As of the end of the period, it had significant available borrowings and cash, with planned capital expenditures and commitments to co-investment funds and projects.
What to watch
The company's ability to meet its planned capital expenditures and fund its co-investment commitments in the next year is a key item to monitor.