CBRECBRE Group

Real estate · Real Estate · NYSE

CBRE is the world’s largest commercial real estate services and investments firm (based on 2025 revenue). 10-K, Item 1

Employees: 155,000
Headquarters: Dallas, TX
CEO: Robert E. Sulentic
Next results: around Feb 11, 2027

RevenueFY2016–25 $40.5B+13.4% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.2B+19.5% FY2024: $968.0M 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.2B−14.8% FY2024: $1.4B 10-K FY2025 · XBRL Operating marginFY2016–25 4.3%+0.4 pts 4.7% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 12, 2026 against Feb 14, 2025

Area	What changed	Source
Risk factors	3 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	10 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	5 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 12, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-14. Quoted as filed.

We have invested in enhancing our service and product offerings globally. If we do not successfully execute these initiatives or effectively manage the risks inherent in operating on a global scale, our business, financial condition, or results of operations could be materially adversely affected. Additionally, political, regulatory,…
10-K, Item 1A

All 3 new paragraphs →

Accounting checks

latest 10-K

10 of 10 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +18.3% vs revenue +13.4% (+4.9 pts)
✓
Cash from operations $1.6B vs net income $1.2B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: KPMG LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Assessment of gross unrecognized tax benefits
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 5, 20268-K Material agreement signed, New debt or obligation 8-K items 1.01, 2.03
Oct 28, 20268-K Material agreement signed 8-K item 1.01
Oct 22, 20268-K Quarterly results 8-K item 2.02
Oct 22, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 20, 20268-K Regulation FD disclosure 8-K item 7.01

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