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Douglas Elliman Inc. Reports Third Quarter 2026 Financial Results

DOUG
  • Douglas Elliman Inc. reported Q3 2026 operating income of $6.3 million & net income of $7.4 million, contrasting with Q3 2025 operating losses of $10.7 million & net losses of $24.7 million.
  • Total Q3 2026 revenues were $252.1 million, down from $262.8 million in Q3 2025, while nine-month 2026 revenues totaled $749.9 million compared to $787.6 million in the same prior period.
  • As of September 30, 2026, the company held approximately $123 million in cash, cash equivalents, & a U.S. Treasury Bill with no long-term debt.
  • The Board approved a $10 million share repurchase program to return capital to stockholders, with approximately 91 million shares outstanding as of November 4, 2026.
  • Gross transaction value for Q3 2026 reached approximately $10.0 billion with an average transaction price of $1.83 million, while nine-month 2026 GTV was $29.4 billion.
  • Non-GAAP Adjusted EBITDA for Q3 2026 was a loss of $5.3 million, & Adjusted Net Loss was $8.0 million, representing a deterioration from Q3 2025 figures.
  • The company maintains a development marketing pipeline of $26.0 billion, with an additional $11.8 billion scheduled to launch by December 31, 2027.
  • Strategic initiatives include advancing AI transformation to drive efficiency in non-commission expenses starting in 2027, supported by new leadership appointments in AI & operations.
  • The company disposed of its property management business in October 2025, excluding those revenues from current period comparisons.
  • A conference call to discuss Q3 2026 results is scheduled for November 10, 2026, at 8:00 a.m. ET, with a replay available until November 24, 2026.