DOUG
Douglas Elliman Inc.2.6000
-0.0600-2.26%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
230.93MP/E (TTM)
-Basic EPS (TTM)
-0.70Dividend Yield
0%Recent Filings
8-K
Profitable turnaround, debt-free
Douglas Elliman reported Q4 2025 revenues of $245.4M, up slightly from $243.3M, swinging to $68.6M net income from a $6.0M loss. Full-year revenues hit $1.033B versus $995.6M, with $15.2M net income erasing a $76.3M prior-year loss. Gain on property management sale boosted results. Balance sheet shines: $115.5M cash, no debt.
10-Q
Q3 FY2025 results
Douglas Elliman revenues dipped 1.3% y/y to $262.8M in Q3 ended September 30, 2025, yet agent commissions fell faster at 3.2% y/y to $192.8M, lifting gross margins to 73.3% from 74.8%. Operating loss narrowed to $10.7M from $7.4M as G&A rose on legal costs, offset by a $2.3M fixed asset impairment. Net loss improved to $24.9M ($0.29/share) from $27.4M ($0.33/share), driven by a smaller $15.4M fair-value hit on convertible debt derivatives versus $20.2M prior year. Cash hit $143M with $0.5M operating cash flow; free cash flow not disclosed in the 10-Q. On October 24 closed property management sale for $85M base and redeemed $95M convertible notes. Antitrust suits drag on.
8-K
Q3 results; Weitz joins board
Douglas Elliman reported Q3 revenues of $262.8M, down slightly from $266.3M last year, yet slashed nine-month net loss to $53.3M from $70.3M while lifting revenue 5% to $787.6M. Board swapped out Bartels and Vogel for real estate investor Perry Weitz, effective November 3. Debt-free with $126.5M cash.
8-K
DEPM sale unlocks $130M cash
Douglas Elliman sold its property management unit, DEPM, to PMG Holdings for $85 million on October 24, 2025, shedding a business that managed co-ops and condos in New York and Texas. The deal triggered redemption of $50 million convertible notes for $95 million total, leaving $130 million in unrestricted cash. It books a $75 million after-tax gain in Q4 2025. Board director David Chene resigned post-sale.
10-Q
Q2 FY2025 results
Douglas Elliman posted Q2 revenues of $271.4M, down 5.0% y/y from $285.8M, as existing home sales softened amid elevated mortgage rates, though development marketing rose 28.1% y/y to $14.3M and July receipts edged up 0.9% y/y. Gross margins held steady at 24.6%, but operating loss widened to $5.5M from $3.7M y/y, while net loss ballooned to $22.7M from $1.7M, driven by a $17.0M fair-value hit on convertible debt derivatives—far exceeding the operating shortfall. YTD, revenues surged 7.9% y/y to $524.8M with operating loss shrinking to $10.9M from $45.1M, reflecting no repeat of last year's $17.8M antitrust settlement; diluted EPS of -$0.34 aligns with 84.4M weighted shares. Cash climbed to $136.3M with $7.5M FCF (derived), backed by $50M 7% convertible notes due 2029 (net $34.0M) and full covenant compliance, yet litigation lingers. Antitrust suits persist.
IPO
Website
Employees
Sector
Industry
COMP
Compass, Inc.
10.88+0.54
DEI
Douglas Emmett, Inc.
11.52-0.15
JLL
Jones Lang LaSalle Incorporated
333.73+4.74
LHAI
Linkhome Holdings Inc.
12.80-0.09
OMH
Ohmyhome Limited
0.89-0.12
OPEN
Opendoor Technologies Inc
6.73+0.26
REAX
The Real Brokerage, Inc.
3.97-0.02
RMAX
RE/MAX Holdings, Inc.
7.99-0.01
RMR
The RMR Group Inc.
15.58-0.09
SDHC
Smith Douglas Homes Corp.
20.09-0.67