Douglas Elliman Inc.
Business
Douglas Elliman Inc. is a residential real estate brokerage providing agent-led sales and leasing services across the United States and select international markets. The company offers development marketing for new residential projects, title insurance through DE Title Services and Partners Land Services, escrow services in California, and mortgage financing through Elliman Capital. It operates a technology platform for agents and clients and holds minority PropTech investments.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 1,033 | 996 | 956 | 1,153 | 1,353 | |
| Sales and marketing | 81 | 83 | 84 | 86 | 77 | |
| General and administrative | 111 | 118 | 125 | 131 | 93 | |
| Technology | 23 | 23 | 24 | — | — | |
| Depreciation and amortization | 8 | 8 | 8 | 8 | 9 | |
| Antitrust litigation settlement expense | 0 | 18 | 0 | 0 | — | |
| Impairment of fixed assets | 2 | 0 | 0 | — | — | |
| Restructuring | 2 | 1 | 2 | 0 | 0 | |
| Gain on disposal of business | −82 | 0 | 0 | — | — | |
| Operating income (loss) | 45 | −69 | −64 | −5 | 102 | |
| Interest expense | −5 | −3 | −28,000 | −148,000 | — | |
| Interest income | 5 | 6 | 6 | 2 | 83,000 | |
| Equity in earnings (losses) from equity-method investments | 187,000 | 36,000 | −168,000 | −563,000 | −278,000 | |
| Loss on extinguishment of liability | −466,000 | 0 | 0 | — | — | |
| Change in fair value of the derivative embedded within convertible debt | −28 | −15 | 0 | 0 | — | |
| Investment and other gains | 1 | 5 | 633,000 | 3 | 529,000 | |
| Income (loss) before provision for income taxes | 18 | −76 | −58 | 104,000 | 101 | |
| Income tax expense (benefit) | 4 | 1 | −15 | 7 | 2 | |
| Net income (loss) | 14 | −77 | −43 | −6 | 99 | |
| Net loss attributed to non-controlling interest | 909,000 | 686,000 | 614,000 | 777,000 | 186,000 | |
| Net income (loss) attributed to Douglas Elliman Inc. | 15 | −76 | −43 | −6 | 99 | |
| Net loss applicable to common shares attributed to Douglas Elliman Inc.(in dollars per share) | 0.17 | −0.91 | −0.52 | −0.08 | 1.21 | |
| Net loss applicable to common shares attributed to Douglas Elliman Inc.(in dollars per share) | 0.17 | −0.91 | −0.52 | −0.08 | 1.21 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 116 | 136 | 120 | 164 | 212 | |
| Investment securities at fair value | 0 | 10 | 0 | — | — | |
| Receivables | 20 | 20 | 22 | 22 | 32 | |
| Agent receivables, net | 6 | 8 | 12 | 13 | 9 | |
| Restricted cash and cash equivalents | 5 | 4 | 7 | 5 | 15 | |
| Other current assets | 15 | 19 | 15 | 14 | 12 | |
| Total current assets | 161 | 196 | 181 | 225 | 281 | |
| Property and equipment, net | 30 | 38 | 40 | 42 | 39 | |
| Operating lease right-of-use assets | 83 | 100 | 108 | 118 | 124 | |
| Long-term investments (includes $4,399 and $3,127 at fair value) | 11 | 10 | 13 | 13 | 8 | |
| Contract assets, net | 47 | 37 | 36 | 39 | 29 | |
| Goodwill | 32 | 32 | 32 | 32 | 33 | |
| Other intangible assets, net | 72 | 72 | 73 | 74 | 74 | |
| Equity-method investments | 2 | 2 | 2 | 2 | 3 | |
| Other assets | 6 | 6 | 7 | 6 | 5 | |
| Total assets | 444 | 494 | 493 | 550 | 595 | |
| Current operating lease liabilities | 21 | 22 | 22 | 22 | 23 | |
| Income taxes payable, net | 4 | 0 | — | — | — | |
| Accounts payable | 4 | 3 | 6 | 5 | 6 | |
| Commissions payable | 22 | 20 | 25 | 22 | 36 | |
| Accrued salaries and benefits | 14 | 8 | 13 | 18 | 25 | |
| Contract liabilities | 16 | 18 | 11 | 8 | 7 | |
| Other current liabilities | 19 | 20 | 20 | 14 | 22 | |
| Total current liabilities | 99 | 92 | 97 | 90 | 132 | |
| Notes payable and other obligations less current portion | 0 | 33 | 0 | — | — | |
| Fair value of the derivative embedded within convertible debt | 0 | 30 | 0 | — | — | |
| Non-current operating lease liabilities | 82 | 102 | 111 | 121 | 129 | |
| Contract liabilities | 75 | 64 | 51 | 55 | 40 | |
| Antitrust litigation settlement | 5 | 10 | 0 | — | — | |
| Other liabilities | 134,000 | 683,000 | 133,000 | 306,000 | 188,000 | |
| Total liabilities | 261 | 331 | 259 | 280 | 313 | |
| Preferred stock, par value $0.01 per share, 10,000,000 shares authorized | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value $0.01 per share, 250,000,000 shares authorized, 88,247,942 and 88,853,150 shares issued and outstanding | 883,000 | 889,000 | 879,000 | 809,000 | 812,000 | |
| Additional paid-in capital | 292 | 285 | 280 | 273 | 279 | |
| Accumulated deficit | −109 | −124 | −48 | −5 | 622,000 | |
| Total Douglas Elliman Inc. stockholders' equity | 184 | 162 | 233 | 269 | 280 | |
| Non-controlling interest | −672,000 | 237,000 | 923,000 | 2 | 2 | |
| Total stockholders' equity | 183 | 162 | 234 | 270 | 282 | |
| Total liabilities and stockholders' equity | 444 | 494 | 493 | 550 | 595 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Non-cash stock-based compensation expense | 9 | 7 | 13 | 11 | 0 | |
| Impairment of fixed assets | 2 | 0 | 0 | — | — | |
| Loss on sale of assets | 204,000 | 205,000 | 37,000 | 11,000 | 186,000 | |
| Deferred income taxes | 0 | 977,000 | −15 | 4 | −73,000 | |
| Net gains on investment securities | −1 | −5 | −633,000 | −3 | −265,000 | |
| Non-cash interest expense | 2 | 1 | 0 | 0 | — | |
| Non-cash lease expense | 19 | 21 | 22 | 21 | 19 | |
| Provision for credit losses | 4 | 5 | 5 | 4 | 3 | |
| Receivables | −4 | 820,000 | −2 | 3 | −12 | |
| Income taxes receivables, net | 4 | 5 | 1 | −8 | 1 | |
| Contract assets, net | −7 | −6 | 1 | −12 | — | |
| Accounts payable and accrued liabilities | 2 | −7 | 10 | −23 | −2 | |
| Operating right-of-use assets and operating lease liabilities, net | −22 | −22 | −23 | −24 | −24 | |
| Accrued salary and benefits | 6 | −5 | −5 | −7 | 13 | |
| Contract liabilities | 9 | 20 | −516,000 | 17 | — | |
| Antitrust litigation settlement | −5 | 10 | 0 | 0 | — | |
| Other assets and liabilities | −353,000 | 3 | −1 | −797,000 | 20 | |
| Net cash used in operating activities | −14 | −26 | −30 | −15 | 128 | |
| Purchase of debt securities | 0 | 0 | −25,000 | −701,000 | 0 | |
| Purchase of equity securities | 0 | 0 | −300,000 | −2 | −4 | |
| Proceeds from sale or liquidation of long-term investments | 2 | 9 | 1 | 0 | 0 | |
| Purchase of long-term investments | −138,000 | −330,000 | −190,000 | −1 | −365,000 | |
| Proceeds from sale or liquidation of short-term investments | 98 | 0 | 0 | — | — | |
| Purchase of short-term investments | −88 | 0 | 0 | 0 | — | |
| Purchase of investment securities at fair value | 0 | −10 | 0 | — | — | |
| Proceeds from disposal of business, less cash distributed | 82 | 0 | 0 | 0 | 0 | |
| Capital expenditures | −3 | −6 | −6 | −9 | −4 | |
| Net cash provided by (used in) investing activities | 90 | −7 | −5 | −13 | −9 | |
| Proceeds from debt issuance | 0 | 49 | 0 | 0 | — | |
| Repayments of convertible note | −94 | 0 | 0 | — | — | |
| Deferred financing charges | 0 | −2 | 0 | 0 | — | |
| Withholding of shares as payment of payroll tax liabilities in connection with restricted stock vesting | −2 | −1 | −2 | 0 | — | |
| Dividends on common stock | 0 | 0 | −4 | −16 | 0 | |
| Net cash (used in) provided by financing activities | −96 | 45 | −6 | −30 | 3 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −20 | 13 | −42 | −57 | 122 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Douglas Elliman Inc.'s CIK number?
Douglas Elliman Inc.'s SEC CIK number is 0001878897 (1878897). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Douglas Elliman Inc.'s SEC filings?
All of Douglas Elliman Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Douglas Elliman Inc. last report earnings?
Douglas Elliman Inc. (DOUG) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001878897-26-000027). This is Douglas Elliman Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Douglas Elliman Inc.'s most recent earnings 8-K?
Douglas Elliman Inc.'s latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0001878897-26-000027. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Douglas Elliman Inc.'s latest earnings 8-K →
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