DOUG
Douglas Elliman Inc.2.6000
-0.0600-2.26%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
230.93MP/E (TTM)
-Basic EPS (TTM)
-0.70Dividend Yield
0%Recent Filings
8-K
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.
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