Douglas Elliman Inc.

DOUG

$1.81

-0.55%

2026-09-04 12:05:57 EDT-$0.01

Real Estate

Real Estate - Services

NYSE

Active Trading

Douglas Elliman Inc. (NYSE: DOUG) is an American firm specializing in real estate services and strategic investments in property technology. Its operations ...

Price Action of DOUG

$1.81

-0.55%-$0.01

High—

Low—

52W High-43.3%

Rel. vol—

Interval

Range2h

Volume—SMA5SMA10

—

Douglas Elliman Inc. is a prominent American real estate services company, headquartered in Miami, Florida, with a rich history dating back to its founding in 1911 by Douglas L. Elliman. The company operates primarily through its subsidiary, Douglas Elliman Realty, LLC, and has grown to become one of the largest ...Douglas Elliman Inc. is a prominent American real estate services company, headquartered in Miami, Florida, with a rich history dating back to its founding in 1911 by Douglas L. Elliman. The company operates primarily through its subsidiary, Douglas Elliman Realty, LLC, and has grown to become one of the largest residential brokerage firms in the United States. With approximately 100 offices and a team of around 6,500 real estate agents, the company maintains a strong footprint in the New York metropolitan area and extends across key states including Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas. The company specializes in luxury real estate brokerage, offering services such as buying, selling, leasing, and property management for high-end residential properties. In addition, Douglas Elliman has been actively expanding its international presence and investing in property technology (proptech) to enhance its service offerings. Financially, the company reported a market capitalization of approximately $166 million, with revenue per share of $11.04 and a net profit margin of 2.5%. It operates with a lean corporate team of 580 full-time employees, despite its large network of independent agents. Key financial metrics indicate a price-to-earnings ratio of 7.04 and a return on equity of 16.4%, suggesting reasonable profitability relative to its equity base. The company was spun off from Vector Group Ltd. on December 29, 2021, and has been trading on the New York Stock Exchange under the symbol DOUG since then. Under the leadership of CEO Michael S. Liebowitz, who also serves as chairman, Douglas Elliman aims to continue challenging the status quo in real estate by leveraging its brand reputation, technological integration, and strategic expansions into new markets and international ventures.ExpandCollapse

Founded

1911

Employees

580

CEO

Michael S. Liebowitz

Full Name

Douglas Elliman Inc.

Sector

Real Estate

Industry

Real Estate - Services

ROE

15.69%

Market Cap

$0.16B

Current Ratio

7.57

WACC

9.58%

ROIC

7.41%

Contact Information

https://www.elliman.com

305 579 8000

4400 Biscayne Boulevard, Miami, FL 33137

Key Metrics of DOUG

Snapshot

Latest / TTM · 6 periods

Market Cap

$164.51M

ROCE

-16.1%

EV / EBITDA

3.99x

+1.5% YoY

FCF Yield

-11.4%

-3.2% YoY

Cash Conversion Cycle

12.0d

Current Ratio

7.57

Quick take

TTM —

Positive CCC

Financial Highlights of DOUG

Profitability trend

Latest / TTM · 6 periods

Gross Margin

10.3%

Net Margin

2.5%

P/E Ratio

6.96x

n/a

Debt / Equity

0.59

n/a

Current Ratio

7.57

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of DOUG

Upcoming

Jun 30, 2028
Q2 FY2028 · Estimated results
Est. EPS $-0.09 · Revenue $258.60M · 1 analysts
Sep 30, 2028
Q3 FY2028 · Estimated results
Est. EPS $-0.08 · Revenue $229.76M · 1 analysts
Dec 30, 2028
Q4 FY2028 · Estimated results
Est. EPS $-0.07 · Revenue $217.24M · 1 analysts
Mar 30, 2029
Q1 FY2029 · Estimated results
Est. EPS $-0.01 · Revenue $286.26M · 1 analysts

Recent history

Aug 10, 2026
Q2 FY2026 · Results reported
EPS $-0.03 · Revenue $283.45M
View filing
May 11, 2026
Q1 FY2026 · Results reported
EPS $-0.19 · Revenue $214.33M
View filing
Mar 16, 2026
FY2025 · Annual results
EPS $0.17 · Revenue $1.03B
View filing
Nov 5, 2025
Q3 FY2025 · Results reported
EPS $-0.29 · Revenue $262.84M
View filing
Aug 5, 2025
Q2 FY2025 · Results reported
EPS $-0.27 · Revenue $271.37M
View filing
May 6, 2025
Q1 FY2025 · Results reported
EPS $-0.07 · Revenue $253.40M
View filing

Financial Statements of DOUG

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$1.0B	+3.8%	+32.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$15.2M	+119.9%	+83.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+16.8%	-33.6%	+6.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-5.9%	+14.9%	+74.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+1.5%	+119.2%	+87.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-17.2M	+45.3%	+155.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-1.7%	+47.3%	+142.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	56.0%	-41.9%	-2.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.63x	-23.2%	+5.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$444.4M	-10.0%	+2.1%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	0.17 vs 0.10	+70.0%	-0.03 vs -0.09	+66.7%
Revenue Surprise	$1.0B vs $1.1B	-10.0%	$283.4M vs $258.6M	+9.6%

Insider Transactions of DOUG

Acquisitions (A)

Since Apr 10, 2026

Disposals (D)

Since Apr 10, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 14, 2026	Lee Sanghyun	director	Common Stock	A	74,627	—
Aug 14, 2026	Feldman Justyn	director	Common Stock	A	74,627	—
Aug 13, 2026	Brodie Bradley Harris	officer: SVP, General Counsel,Secretary	Common Stock	D	24,593	$2.01
Jul 10, 2026	Lee Sanghyun	director	No Securities Owned	—	0	—
Jul 10, 2026	Feldman Justyn	director	No Securities Owned	—	0	—

Earnings Call Transcript of DOUG

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Welcome to Douglas Elliman's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] This call is being recorded and simultaneously webcast. An archived version of the webcast will be available on the Investor Relations section of the company's website located at investors.elliman.com for 1 year. I would like to turn the conference over to Douglas Elliman's Vice President of Finance, Heather Capriola. Heather Capriola: Thank you, and good morning. On the call with me today is Michael Liebowitz, President and CEO of Douglas Elliman, Inc.; and Bryant Kirkland, CFO of Douglas Elliman, Inc. During this call, the terms adjusted EBITDA and adjusted net loss will be used as well as last 12 months or LTM metrics. These terms are non-GAAP financial measures and should be considered in addition to, but not as a substitute for, other measures of financial performance prepared in accordance with GAAP. Reconciliations to adjusted EBITDA and adjusted net loss are contained in the company's earnings release, which has been posted to the Investor Relations section of the company's website. Before the call begins, I would like to read a safe harbor statement. The statements made during this conference call that are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in more detail in the company's Securities and Exchange Commission's filings. Any forward-looking statements made during this call are made as of today, and the company undertakes no duty to update or revise any such statement, whether as a result of new information, future events or otherwise, except as required by law. Now I would like to turn the call over to the Chief Executive Officer of Douglas Elliman, Michael S. Liebowitz. Michael Liebowitz: Thank you, Heather. Good morning, and thank you for joining us. On today's call, we will discuss the current operating environment and Douglas Elliman's financial results for the 3 and 6 months ended June 30, 2026. All numbers presented this morning will be as of June 30, 2026, unless otherwise stated. Before we turn to our second quarter 2026 results, I would like to begin by summarizing some of our recent accomplishments that I believe speak directly to the strong future, vision and momentum of this company. First and foremost, last month, we announced the launch of our AI transformation. I want to be clear about what this launch is and what it is not. This is not simply a technology upgrade. This is a fundamental redesign of how Douglas Elliman operates and more importantly, how we create value. For generations, residential real estate has been organized around the transaction. And for just as long, the data that those transactions generate has been monetized by nearly everyone, except the brokerages that created it. Third-party portals and …

Leadership Team of DOUG

7 executives

Name	Title	Compensation	Gender	Year Born	Status
Michael S. Liebowitz	Chief Executive Officer, President & Director	USD 2,300,000	Male	1969	Active
James Bryant Kirkland	Executive Vice President, Treasurer & Chief Financial Officer	USD 1,066,063	Male	1966	Active
Bradley Harris Brodie	Senior Vice President, Secretary & General Counsel	USD 803,175	Male	1984	Active
Stephen T. Larkin	Vice President of Communications	USD 395,100	Male	1971	Active
Heather Capriola	Chief Financial Officer of Brokerage	—	—	—	Active
Areeje Akhtar Oriol	Chief of Staff to President & CEO	—	Female	—	Active
Lisa Seligman	Senior Vice President of Human Resources	—	Female	1977	Active

Recent News of DOUG

PRNewsWire7/8/2026Neutral

DOUGLAS ELLIMAN LAUNCHES AI TRANSFORMATION BUILT WITH GOOGLE CLOUD'S TECHNOLOGY, UNVEILS NEW INTELLIGENCE COMPANY, AND ANNOUNCES DRIVE TO RESET COST STRUCTURE

Douglas Elliman to redesign itself as a technology-forward enterprise, resetting its cost structure through enterprise-wide AI implementation to create a leaner, more efficient operating model Elius, a newly launched intelligence company to be built with Google Cloud's technology, designed to leverage Douglas Elliman's proprietary luxury data for sharper pricing intelligence, enhance agent advisor productivity, and enable new businesses beyond brokerage NEW YORK, July 8, 2026 /PRNewswire/ -- Douglas Elliman Inc. (NYSE: DOUG) (together with its subsidiaries, "Douglas Elliman" or the "Company"), the nation's preeminent brand in luxury real estate, operating through Douglas Elliman Realty and Douglas Elliman Development Marketing, today announced the launch of a company-wide technology infrastructure transformation to support the Company's evolution into a technology-forward enterprise. The effort is designed to fundamentally change how Douglas Elliman operates to improve efficiency, enhance the agent advisor and client experience, and reshape its long-term cost structure.

GuruFocus6/17/2026Neutral

Douglas Elliman Celebrates the Return of the U.S. Open to the Hamptons

Douglas Elliman Celebrates the Return of the U.S. Open to the Hamptons PR Newswire SOUTHAMPTON, N.Y., June 17, 2

PRNewsWire6/17/2026Neutral

Douglas Elliman Celebrates the Return of the U.S. Open to the Hamptons

Leading luxury brokerage highlights the enduring connection between golf, lifestyle, and luxury real estate as the championship returns to Shinnecock Hills SOUTHAMPTON, N.Y., June 17, 2026 /PRNewswire/ -- Douglas Elliman Realty, LLC ("Douglas Elliman"), the nation's preeminent real estate brokerage and a longstanding leader in the Hamptons market, is celebrating the return of the U.S. Open Championship to Shinnecock Hills Golf Club this June.

GuruFocus6/10/2026Neutral

Douglas Elliman Expands to Paris

Douglas Elliman Expands to Paris PR Newswire NEW YORK, June 10, 2026 Firm Deepens I

PRNewsWire6/10/2026Neutral

Douglas Elliman Expands to Paris

Firm Deepens International Footprint, Bringing Signature Luxury Brokerage to the French Capital at a Pivotal Moment for the Market NEW YORK, June 10, 2026 /PRNewswire/ -- Douglas Elliman Realty, LLC ("Douglas Elliman"), the nation's preeminent real estate brokerage, today announced the expansion of its French alliance into Paris, extending its presence in the country following the firm's landmark entry into France and Monaco announced last fall. The office will be in the 7th arrondissement in Paris.

Historical Employee Count of DOUG

Current

580

Change

-25.93%

Minimum

580

Maximum

957

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	580	10-K	Mar 16, 2026	View
Dec 31, 2024	783	10-K	Mar 17, 2025	View
Dec 31, 2023	809	10-K	Mar 8, 2024	View
Dec 31, 2022	957	10-K	Mar 16, 2023	View
Dec 31, 2021	930	10-K	Mar 31, 2022	View

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Douglas Elliman Inc.

Contact Information

Upcoming

Q2 FY2028 · Estimated results

Q3 FY2028 · Estimated results

Q4 FY2028 · Estimated results

Q1 FY2029 · Estimated results

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported

Q1 FY2025 · Results reported

DOUGLAS ELLIMAN LAUNCHES AI TRANSFORMATION BUILT WITH GOOGLE CLOUD'S TECHNOLOGY, UNVEILS NEW INTELLIGENCE COMPANY, AND ANNOUNCES DRIVE TO RESET COST STRUCTURE

Douglas Elliman Celebrates the Return of the U.S. Open to the Hamptons

Douglas Elliman Celebrates the Return of the U.S. Open to the Hamptons

Douglas Elliman Expands to Paris

Douglas Elliman Expands to Paris

Recent Filings

Related stocksReal Estate - Services

Upcoming

Q2 FY2028 · Estimated results

Q3 FY2028 · Estimated results

Q4 FY2028 · Estimated results

Q1 FY2029 · Estimated results

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported

Q1 FY2025 · Results reported

DOUGLAS ELLIMAN LAUNCHES AI TRANSFORMATION BUILT WITH GOOGLE CLOUD'S TECHNOLOGY, UNVEILS NEW INTELLIGENCE COMPANY, AND ANNOUNCES DRIVE TO RESET COST STRUCTURE

Douglas Elliman Celebrates the Return of the U.S. Open to the Hamptons

Douglas Elliman Celebrates the Return of the U.S. Open to the Hamptons

Douglas Elliman Expands to Paris

Douglas Elliman Expands to Paris

Recent Filings