CBRE GROUP, INC.

For the period ended Sep 30, 2025. Filed Oct 23, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 23, 2025

CBRE$138.17+2.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(Dollars in millions, except share data)

	September 30,2025	December 31,2024
(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents	$1,669	$1,114
Restricted cash	140	107
Receivables, less allowance for doubtful accounts of $121 and $101 at September 30, 2025 and December 31, 2024, respectively	7,562	7,005
Warehouse receivables	1,647	561
Contract assets	415	400
Prepaid expenses	415	332
Income taxes receivable	200	130
Other current assets	525	321
Total Current Assets	12,573	9,970
Property and equipment, net of accumulated depreciation and amortization of $2,065 and $1,795 at September 30, 2025 and December 31, 2024, respectively	976	914
Goodwill	6,400	5,621
Other intangible assets, net of accumulated amortization of $2,770 and $2,494 at September 30, 2025 and December 31, 2024, respectively	2,430	2,298
Operating lease assets	2,012	1,198
Investments in unconsolidated subsidiaries (with $438 and $890 at fair value at September 30, 2025 and December 31, 2024, respectively)	870	1,295
Non-current contract assets	120	89
Real estate under development	560	505
Non-current income taxes receivable	96	75
Deferred tax assets, net	692	538
Other assets	1,837	1,880
Total Assets	$28,566	$24,383
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable and accrued expenses	$4,438	$4,102
Compensation and employee benefits payable	1,490	1,419
Accrued bonus and profit sharing	1,288	1,695
Operating lease liabilities	277	200
Contract liabilities	382	375
Income taxes payable	100	209
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	1,624	552
Revolving credit facilities	—	132
Other short-term borrowings	1,090	222
Current maturities of long-term debt	71	36
Other current liabilities	392	345
Total Current Liabilities	11,152	9,287
Long-term debt, net of current maturities	4,321	3,245
Non-current operating lease liabilities	2,098	1,307
Non-current tax liabilities	181	160
Deferred tax liabilities, net	242	247
Other liabilities	1,279	945
Total Liabilities	19,273	15,191
Mezzanine Equity:
Redeemable non-controlling interests in consolidated entities	409	—
Equity:
CBRE Group, Inc. Stockholders’ Equity:
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 297,561,943 and 302,052,229 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	3	3
Additional paid-in capital	44	—
Accumulated earnings	9,768	9,567
Accumulated other comprehensive loss	(1,280)	(1,159)
Total CBRE Group, Inc. Stockholders’ Equity	8,535	8,411
Non-controlling interests	349	781
Total Equity	8,884	9,192
Total Liabilities and Equity	$28,566	$24,383

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.