Douglas Elliman Inc.

Douglas Elliman Inc. announced that Richard J. Lampen has retired as a Class I director from its Board of Directors, effective September 4, 2026. The company stated that Mr. Lampen's retirement was amicable and not a result of any disagreements concerning the Company's operations, policies, or practices.

Douglas Elliman Inc. reported a significant improvement in its second-quarter 2026 financial results, with net loss narrowing to $(2.73) million from $(22.62) million in the prior year, and diluted EPS improving to $(0.03). Quarterly revenues increased to $283.45 million. However, revenues for the six-month period decreased to $497.78 million from $524.77 million year-over-year, and net cash used in operating activities increased. The company also completed the acquisition of Real Estate Associates of Houston LLC and recorded an antitrust litigation settlement expense.

Douglas Elliman Inc. reported its second quarter 2026 financial results, with revenues increasing 4.5% year-over-year to $283.4 million, or 8.6% on a comparable basis. The company significantly narrowed its net loss to $2.7 million from $22.7 million in Q2 2025 and its operating loss to $3.4 million. Strategic initiatives include a company-wide AI transformation, expansion into new international and domestic markets, and growth of Elliman Capital. The company maintains a robust balance sheet with $105.2 million in cash and no long-term debt.

Douglas Elliman Inc. announced the appointment of Justyn Feldman and Sanghyun Lee as Class III directors to its Board of Directors, effective July 10, 2026. Mr. Feldman, a financial strategist, is a Senior Vice President at The GMS Group, LLC. Mr. Lee is a global technology and public policy executive, currently serving as Head of Asia Pacific, Global Affairs at OpenAI, with prior experience at Google and Airbnb. Both new directors meet the independence requirements of the New York Stock Exchange and SEC rules and will receive standard non-employee director compensation.

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.

Douglas Elliman Inc. announced its 2026 Annual Meeting of Stockholders to be held virtually on Thursday, June 18, 2026, at 10:00 a.m. ET. Stockholders will vote on the election of two Class II directors, the ratification of EisnerAmper LLP as the independent registered public accounting firm for 2026, and an advisory vote on executive compensation. The record date for voting is April 20, 2026.

Douglas Elliman Inc. announced a settlement in the Strougo Litigation, a stockholder derivative complaint filed on November 14, 2025. The agreement, filed on February 19, 2026, provides for a $17.5 million payment to the company, funded by insurers, and the implementation of corporate governance enhancements. The settlement is subject to final court approval, with a fairness hearing scheduled for June 29, 2026.

Douglas Elliman Inc. announced the dismissal of Deloitte & Touche LLP as its independent registered certified public accounting firm, effective April 6, 2026. The company's Board of Directors, upon recommendation from the Audit Committee, approved the change to its principal accountant. Concurrently, EisnerAmper LLP was appointed as the new independent auditor. Douglas Elliman confirmed there were no disagreements or reportable events with Deloitte during the fiscal years ended December 31, 2025 and 2024, or the subsequent interim period.

Douglas Elliman Inc. amended the employment agreements for its Executive Vice President, Treasurer and Chief Financial Officer, J. Bryant Kirkland III, and its Senior Vice President, General Counsel and Secretary, Bradley H. Brodie. Mr. Kirkland's base salary was increased to $650,000 per annum, effective January 1, 2026, and his annual target bonus opportunity was raised to 65% of base salary. He will also receive a one-time retention bonus of $150,000, and his severance payments and benefits were enhanced. Mr. Brodie's base salary was also increased.