Douglas Elliman Inc.
2.5600-0.17 (-6.23%)
Oct 29, 4:00:02 PM EDT · NYSE · DOUG · USD
Key Stats
Market Cap
227.09MP/E (TTM)
-Basic EPS (TTM)
-0.73Dividend Yield
0%Recent Filings
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.
8-K
Q2 results show revenue dip but loss narrowing
Douglas Elliman reported Q2 2025 revenues of $271.4 million, down from $285.8 million last year, yet narrowed its six-month operating loss to $10.9 million from $45.1 million. Gross transaction value hit $20.1 billion for the half, up from $17.8 billion, signaling robust luxury market demand. Cash stands at $136.3 million. Adjusted EBITDA swung to a $0.3 million gain from a $14.7 million loss.
8-K
Annual meeting results mixed
Douglas Elliman Inc. held its 2025 annual stockholder meeting on June 25, electing Richard J. Lampen and Wilson L. White as directors despite significant withheld votes for White. Shareholders ratified Deloitte & Touche LLP as auditors for the year ending December 31, 2025, with overwhelming support. The say-on-pay proposal passed narrowly, with 41.5 million for versus 13.3 million against. Mixed signals on governance emerged.
10-Q
Q1 FY2025 results
Douglas Elliman posted solid Q1 momentum with revenues climbing 26.6% y/y to $253.4M, fueled by commissions and other brokerage income surging 28.1% to $241.1M on stronger existing home sales in New York City and Florida, plus a 222.7% jump in development marketing to $21.1M. Gross margins held steady as agent commissions dipped to 73.6% of revenue from 74.4%, yet operating loss narrowed sharply to $5.3M from $41.5M, thanks to no repeat of last year's $17.8M antitrust settlement. Diluted EPS improved to -$0.07 from -$0.50, reconciling cleanly with 84.4M weighted shares and anti-dilutive convertibles excluded. Cash swelled to $136.8M with $3.2M net inflow, while $50M 7% convertible notes due 2029 (net $33.3M) carry covenants met so far. Antitrust suits linger, with buyer-side claims unresolved.
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