| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 214.33 | 15.4% |
| Total Income | 214.33 | 15.4% |
| Expenditure | 231.84 | 10.4% |
| PBT | -16.28 | 159.2% |
| Net Profit | -16.28 | 171.8% |
| OPM | -8.17% | 6.06pp |
| NPM | -7.59% | 5.23pp |
| EPS | -0.19 | 171.4% |
Douglas Elliman Reports Q1 2026 Revenue of $214.3 Million
09 May 2026 · 9 May, 2:22 am
Summary
Douglas Elliman Inc. announced its financial results for the three months ended March 31, 2026. First quarter revenues were $214.3 million, compared to $253.4 million in the first quarter of 2025. The company recorded an operating loss of $17.5 million, compared to $5.3 million in the prior year. Net loss attributed to Douglas Elliman was $16.3 million, or $0.19 per diluted common share, compared to $6.0 million, or $0.07 per diluted common share, in the first quarter of 2025. As of March 31, 2026, the company's cash and cash equivalents were approximately $96.0 million with no long-term debt.
Key Highlights
- 1
First quarter 2026 revenues were $214.3 million, compared to revenues of $253.4 million in the first quarter of 2025.
- 2
The company recorded an operating loss of $17.5 million in the first quarter of 2026, compared to $5.3 million in the first quarter of 2025.
- 3
Net loss attributed to Douglas Elliman in the first quarter of 2026 was $16.3 million, or $0.19 per diluted common share, compared to $6.0 million, or $0.07 per diluted common share, in the first quarter of 2025.
- 4
Adjusted EBITDA attributed to Douglas Elliman was a loss of $10.4 million for the first quarter of 2026, compared to a loss of $0.9 million in the first quarter of 2025.
- 5
For the three months ended March 31, 2026, the Company achieved gross transaction value of approximately $8.6 billion with an average price per transaction of $1.96 million.
- 6
Douglas Elliman maintained a robust balance sheet as of March 31, 2026, with cash and cash equivalents of approximately $96.0 million and no long-term debt.
Management Comments
Michael S. Liebowitz
"We continue to execute our disciplined, long-term strategy as the premier, pure-play luxury residential real estate brokerage, and we remain confident in the platform we have built. Through disciplined expense management and meaningful investment in technology, talent, and geography, we have created a leaner, more powerful platform engineered for strategic growth – as demonstrated by the additions at Douglas Elliman Realty of Lena Johnson as President of Brokerage Operations and Areeje Oriol as Chief of Staff." "The momentum we are seeing across recruitment and the broader competitive landscape gives me greater confidence in the Company's trajectory than at any point in my tenure. As others in our industry navigate consolidation, we remain singularly focused on building the preeminent luxury residential real estate platform in the world – and, with the strength of our balance sheet, we are well-positioned to drive long-term growth and stockholder value as market conditions improve."
Informational and educational content only. Not investment advice.