Douglas Elliman Inc. DOUG

Real estate SIC 6531 - Real Estate Agents & Managers (For Others) NAICS Real Estate and Rental and Leasing › Real Estate derived NYSE

Douglas Elliman Inc. is a holding company that, through its subsidiaries, is engaged in the real estate services business. Douglas Elliman owns Douglas Elliman Realty, LLC, one of the largest residential brokerage companies in the New York metropolitan area, which includes New York City, Long Island, the Hamptons, Westchester, Connecticut and New Jersey, and also conducts operations in Florida, California, Texas, Colorado, Nevada, Massachusetts, Maryland, Virginia, and Washington D.C. We also offer, including through our subsidiaries and ventures, development marketing services and ancillary services, such as mortgage, title and escrow services.

Douglas Elliman Inc. is a Delaware corporation incorporated in 2021 in connection with the separation of Douglas Elliman from Vector Group Ltd., as an independent, publicly traded company, listed on the New York Stock Exchange. On December 29, 2021, Vector Group completed the distribution of the common stock of Douglas Elliman to its stockholders (the "Distribution"), and we began trading on the New York Stock Exchange under the symbol "DOUG" on December 30, 2021.

Last close 1.59 2026-10-23
Market cap $144.5M 2026-06-30 share count
52-week range 1.38 - 3.03

Valuation FY2025 figures against the last close

P/S0.1x
P/E9.4x
P/FCF—
EV/EBITDA0.5x
Dividend yield0.0%
Diluted EPS0.17

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • New York City
  • Southeast
  • Northeast
  • West
  • Other
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 New York City, FY2025: 331.8M (32.1%) 32% New York City Southeast, FY2025: 296M (28.7%) 29% Southeast Northeast, FY2025: 208.1M (20.1%) 20% Northeast West, FY2025: 197.1M (19.1%) 19% West Other, FY2025: 50K (0.0%) FY2024 New York City, FY2024: 326.6M (32.8%) 33% Southeast, FY2024: 284.5M (28.6%) 29% Northeast, FY2024: 191.1M (19.2%) 19% West, FY2024: 193.4M (19.4%) 19% Other, FY2024: 0 (0.0%) FY2023 New York City, FY2023: 335.6M (35.1%) 35% Southeast, FY2023: 250.7M (26.2%) 26% Northeast, FY2023: 179.6M (18.8%) 19% West, FY2023: 189.6M (19.8%) 20% Other, FY2023: 0 (0.0%)
Region FY2025FY2024FY2023
New York City $331.8M $326.6M $335.6M
Southeast $296.0M $284.5M $250.7M
Northeast $208.1M $191.1M $179.6M
West $197.1M $193.4M $189.6M
Other $50.0K $0 $0

As the company reported it, from the “REVENUE RECOGNITION - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $1.03B$995.6M$955.6M$1.15B$1.35B$774.0M$784.1M—
SG&A $111.0M$117.8M$125.4M$131.4M$92.8M$76.1M$96.5M—
Operating income $45.5M-$68.8M-$64.5M-$4.5M$102.1M-$49.3M-$3.5M—
Interest expense $5.1M$2.9M$28.0K$148.0K————
Pre-tax income $17.9M-$75.9M-$58.2M$104.0K$100.8M-$46.3M$8.8M—
Income tax $3.6M$1.1M$15.1M$6.5M$2.1M$44.0K$354.0K—
Net income $15.2M-$76.3M-$42.6M-$5.6M$98.8M-$46.4M$8.5M—
EPS, basic 0.17-0.91-0.52-0.081.21-0.600.11—
EPS, diluted 0.17-0.91-0.52-0.081.21-0.600.11—
Shares, diluted (wtd. avg.) 84.6M83.5M82.2M81.6M81.6M77.7M77.7M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $115.5M$135.7M$119.8M$171.4M$228.9M$106.7M$79.1M$92.1M
Short-term investments $0$9.8M$0—————
Receivables $19.9M$19.6M$21.8M$22.2M$32.5M$24.4M——
Total current assets $161.3M$196.1M$181.3M$225.1M$280.8M$148.4M——
Property, plant and equipment $30.1M$37.7M$39.7M$41.7M$39.4M$42.7M——
Goodwill $32.2M$32.2M$32.2M$32.2M$32.6M$31.8M——
Other intangibles $71.7M$72.3M$5.0M$5.7M$6.4M$310.0K——
Total assets $444.4M$493.9M$493.4M$550.4M$595.2M$454.0M$488.6M—
Accounts payable $3.8M$3.1M$6.1M$5.5M$5.9M$6.3M——
Short-term debt ———$0$12.5M$12.5M——
Total current liabilities $98.7M$92.2M$97.2M$90.0M$132.5M$99.6M——
Long-term debt $0$32.7M$0$0$176.0K$12.9M——
Total liabilities $261.1M$331.5M$259.3M$279.9M$313.3M$290.4M——
Retained earnings -$108.6M-$123.9M-$47.6M-$5.0M$622.0K———
Total equity $183.9M$162.2M$234.2M$270.5M$281.9M$163.6M$204.3M$216.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow -$13.9M-$26.0M-$30.4M-$14.7M$127.8M$31.9M$7.6M—
Depreciation and amortisation $8.4M$7.7M$8.0M$8.0M$8.6M$8.5M$8.6M—
Stock-based compensation $8.6M$6.6M$13.1M$11.1M$0$0——
Capital expenditure $3.4M$5.5M$6.1M$8.5M$4.1M$6.1M$8.1M—
Investing cash flow $90.5M-$6.8M-$5.2M-$12.7M-$8.9M-$4.1M-$1.5M—
Financing cash flow -$96.1M$45.5M-$6.2M-$30.0M$3.2M-$143.0K-$19.1M—
Dividends paid $0$0$4.2M$16.2M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001878897-26-000021.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2019: 784.1M Net income, FY2019: 8.5M Revenue, FY2020: 774M Net income, FY2020: -46.4M Revenue, FY2021: 1.4B Net income, FY2021: 98.8M Revenue, FY2022: 1.2B Net income, FY2022: -5.6M Revenue, FY2023: 955.6M Net income, FY2023: -42.6M Revenue, FY2024: 995.6M Net income, FY2024: -76.3M Revenue, FY2025: 1B Net income, FY2025: 15.2M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $784.1M $774.0M $1.35B $1.15B $955.6M $995.6M $1.03B
Gross profit — — — — — — — —
Net income — $8.5M -$46.4M $98.8M -$5.6M -$42.6M -$76.3M $15.2M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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