Quarterly ResultMay 8, 2026, 04:52 PM
Douglas Elliman Q1 Revenue $214.3M; Net Loss $16.3M
AI Summary
Douglas Elliman Inc. announced its first quarter 2026 financial results, reporting revenues of $214.3 million, a decrease from $253.4 million in the prior year, and a net loss of $16.3 million. The company highlighted its disciplined expense management and strategic investments in technology, talent, and geographic expansion, including new market entries in Canada, France, Monaco, and the Caribbean. Despite the year-over-year decline in revenues, which was impacted by a strong Q1 2025 and the disposition of Douglas Elliman Property Management, Q1 2026 revenues exceeded those of Q1 2024 and 2023, and the company maintains a strong balance sheet with $96.0 million in cash and a significant development marketing pipeline.
Key Highlights
- Q1 2026 revenues were $214.3 million, down from $253.4 million in Q1 2025.
- The company reported an operating loss of $17.5 million in Q1 2026, compared to $5.3 million in Q1 2025.
- Net loss attributed to Douglas Elliman was $16.3 million, or $0.19 per diluted share, in Q1 2026.
- Adjusted EBITDA attributed to Douglas Elliman was a loss of $10.4 million for Q1 2026.
- Gross transaction value for Q1 2026 was approximately $8.6 billion, down from $9.9 billion in Q1 2025.
- Cash and cash equivalents stood at approximately $96.0 million as of March 31, 2026, with no long-term debt.
- Development marketing pipeline is approximately $27.2 billion, with $8.4 billion scheduled through March 31, 2027.