| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 283.45 | 32.3% | 4.5% |
| Total Income | 283.45 | 32.3% | 4.5% |
| Expenditure | 286.87 | 23.7% | 3.6% |
| PBT | -2.73 | 83.2% | 87.9% |
| Net Profit | -2.73 | 83.2% | 88.0% |
| OPM | -1.21% | 6.96pp | 0.83pp |
| NPM | -0.96% | 6.63pp | 7.39pp |
| EPS | -0.03 | 84.2% | 88.9% |
Douglas Elliman Reports Q2 2026 Financial Results
07 Aug 2026 · 7 Aug, 4:52 pm
Summary
Douglas Elliman Inc. announced its financial results for the second quarter ended June 30, 2026, reporting revenues of $283.4 million, an increase from $271.4 million in the prior year period. On a comparable basis, excluding property management revenues, revenues grew 8.6% year over year. The company saw its operating loss narrow to $3.4 million and its net loss attributed to Douglas Elliman Inc. decrease to $2.7 million, or $0.03 per diluted share. Management highlighted strong and building momentum, a solid financial position with over $100 million in cash and no long-term debt, and significant progress on strategic initiatives including an AI transformation expected to drive margin improvement.
Key Highlights
- 1
Douglas Elliman reported second quarter 2026 revenues of $283.4 million, an increase from $271.4 million in the second quarter of 2025.
- 2
On a comparable basis, excluding property management revenues, revenues were up 8.6% year over year.
- 3
The company recorded an operating loss of $3.4 million in the second quarter of 2026, a narrowing from an operating loss of $5.5 million in the second quarter of 2025.
- 4
Net loss attributed to Douglas Elliman Inc. for the second quarter of 2026 was $2.7 million, or $0.03 per diluted common share, compared to $22.7 million, or $0.27 per diluted common share, in the second quarter of 2025.
- 5
Adjusted EBITDA loss for the second quarter of 2026 narrowed to $1.0 million from a loss of $3.6 million in the second quarter of 2025.
- 6
Gross transaction value for the second quarter of 2026 was approximately $10.8 billion, up from $10.2 billion in the second quarter of 2025.
- 7
Douglas Elliman maintained a strong balance sheet with approximately $105.2 million in cash and no long-term debt as of June 30, 2026.
Management Comments
Michael S. Liebowitz
Our second quarter top and bottom-line results reflect strong and building momentum: revenue grew 8.6% year over year on a comparable basis and cash receipts from existing home sales were up 15% and 16% in May and June, respectively, compared to the prior year periods. With no long-term debt and more than $100 million in cash, we are operating from a position of financial strength. We made excellent progress during the quarter on the strategic initiatives that will define Douglas Elliman's future — technology, talent, capital, and geography. Through our AI transformation we are actively seeking to reshape our cost structure with a dedicated AI team already on the ground. We believe this transformation will be a meaningful driver of margin improvement over time. Our team is energized and laser-focused on creating value for all of our stakeholders.
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