UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DOUGLAS ELLIMAN INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation Commission File Number (I.R.S. Employer Identification No.) incorporation or organ ...

Core Insights - Douglas Elliman reported a 5% year-over-year decline in revenue for Q2 2025, totaling $271.4 million compared to $285.8 million in Q2 2024 [1][5] - The company experienced a significant increase in net loss, reaching $22.7 million, with a diluted loss per share of $0.27 [6] - Adjusted EBITDA swung from a positive $2.9 million in the prior year to a negative $(0.8) million, indicating underlying operational challenges [6][12] Financial Performance - Revenue for Q2 2025 was $271.4 million, down from $285.8 million in Q2 2024, reflecting a 5% decrease [2][5] - Gross Transaction Value (GTV) decreased to $10.2 billion from $10.6 billion, a decline of 3.8% year-over-year [2][7] - The number of transactions fell to 5,530 from 5,885, although the average price per transaction remained strong at $1.84 million [7][11] Profitability Metrics - Net loss expanded to $22.7 million, with an adjusted net loss of $4.7 million compared to $0.5 million in the prior year [6][11] - Adjusted EPS (Non-GAAP, Diluted) was $(0.06), a deterioration from $(0.01) in Q2 2024, reflecting a 500% increase in losses [2][6] - Operating expenses remained high, with real estate agent commissions at $204.6 million and sales and marketing expenses at $20.1 million [9][10] Business Strategy and Focus - The company aims to strengthen its luxury brand and expand in growth markets while leveraging property technology (PropTech) [4][11] - Management emphasized the importance of maintaining a trusted reputation and attracting top-tier agents to drive transaction volume [4][11] - There were no updates on agent recruitment, new office openings, or PropTech rollouts during the quarter [11][12] Future Outlook - Management did not provide specific forward guidance for revenue or earnings for the remainder of fiscal 2025 [12] - The focus remains on long-term value creation and investments in core markets and technology, but without clear financial targets for the second half of the year [12][13] - Future results will depend on market dynamics and the company's ability to convert its brand strength into transaction growth [13]

Douglas Elliman (DOUG) Q2 2025 Earnings Call August 01, 2025 08:00 AM ET Speaker0Welcome to Douglas Elliman's Second Quarter twenty twenty five Earnings Conference Call. 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.ellmann.com for one year. I would now like to turn the conference over to Douglas Elliman Vice President of Finance, Heather Capriola.Speaker1Thank you, a ...

FOR IMMEDIATE RELEASE Contact: Stephen Larkin, Douglas Elliman Inc. 917-902-2503 Olivia Snyder/Catherine Livingston, FGS Global, 212-687-8080 J. Bryant Kirkland III, Douglas Elliman Inc. 305-579-8000 DOUGLAS ELLIMAN INC. REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS Company reports 8%% year-over-year revenue growth for the six months ended June 30, 2025 with significant improvements in first- half Net Loss, Adjusted Net Loss and Adjusted EBITDA. MIAMI, FL, July 31, 2025 - Douglas Elliman Inc. ("Douglas Elli ...

Core Insights - Douglas Elliman Real Estate has launched Elliman Capital, an in-house mortgage platform aimed at simplifying the home financing process for both traditional and non-traditional borrowers [1][2] - The platform will initially be available in Florida, with plans for expansion to all states where Douglas Elliman operates [1][3] Company Overview - Douglas Elliman Inc. is one of the largest residential brokerage companies in the United States, with operations in multiple states including New York, Florida, California, and Texas [5] - The company is also involved in early-stage property technology solutions and offers various real estate services [5] Product Offering - Elliman Capital provides a wide range of loan products, including conventional loans, jumbo loans, construction loans, investment property financing, bridge loans, commercial lending, second home mortgages, FHA loans, VA loans, and USDA loans [2][4] - The platform is designed to cater to diverse borrower needs, including self-employed individuals, investors, and foreign nationals [2][3] Technology and Process - The new mortgage platform incorporates advanced technology to streamline the mortgage application and approval process, allowing agents to track loan progress and receive real-time updates [4][6] - This integration aims to enhance the overall client experience from property search to closing [4] Competitive Advantage - Douglas Elliman's established reputation for luxury service and market expertise positions Elliman Capital to become a significant player in the residential lending market [4] - The company leverages strong lender relationships to offer competitive rates and optimal terms for clients [6]

Group 1 - The article discusses the uncertainty surrounding the recovery potential of real estate brokerage firm Douglas Elliman (NYSE: DOUG) after experiencing significant declines [1] - The analyst previously expressed a cautious stance on DOUG stock, indicating that there are mixed signals regarding its future performance [1]

Eight Exclusive Townhomes Feature Private Elevators and Elevated Cocktail Pools, One Block from Atlantic AvenueDELRAY BEACH, Fla., June 10, 2025 /PRNewswire/ -- Renowned property development groups, 4TRO Development and Kastelo Development, today launch Casa Avenida, an exclusive, four-story townhome community in the heart of Delray Beach. Located at 102 SE 5th Avenue, this boutique collection of just eight private residences, ranging from 2,804 to 3,336 square feet, introduces a new level of refined living ...

Financial Performance - Revenue for the three months ended March 31, 2025, was $253,403 thousand, up from $200,239 thousand in the same period of 2024, reflecting a $53,164 thousand increase [145]. - Net loss attributed to Douglas Elliman Inc. for the three months ended March 31, 2025, was $(5,985) thousand, significantly improved from $(41,475) thousand in the same period of 2024 [145]. - Adjusted EBITDA attributed to Douglas Elliman for the last twelve months ended March 31, 2025, was $926 thousand, compared to $(17,783) thousand for the year ended December 31, 2024 [141]. - Operating loss for the three months ended March 31, 2025, was $(5,349) thousand, a significant improvement from $(41,464) thousand in the same period of 2024 [145]. - The company reported a net loss margin of (3.89)% for the three months ended March 31, 2025, compared to (20.71)% for the same period in 2024 [136]. Transaction Metrics - Total transactions for the last twelve months ended March 31, 2025, were 22,212, an increase from 21,781 in the previous year [136]. - Gross transaction value reached $39.1 billion for the last twelve months ended March 31, 2025, compared to $36.4 billion for the year ended December 31, 2024 [136]. - The average transaction value per transaction was $1,761.4 thousand for the last twelve months ended March 31, 2025, an increase from $1,669.6 thousand for the year ended December 31, 2024 [136]. Agent Metrics - Annual retention rate for agents was 87% as of March 31, 2025, slightly down from 89% in the previous year [136]. - The number of Principal Agents as of March 31, 2025, was 4,763, down from 5,264 in the previous year [136]. Income and Expenses - Commission and other brokerage income increased to $241,143 for Q1 2025, up from $188,265 in Q1 2024, representing a growth of 28.1% [146]. - Real estate agent commissions expense rose to $186,525 in Q1 2025, compared to $149,016 in Q1 2024, marking an increase of $37,509 or 25.2% [149]. - Operating expenses totaled $258,752 for Q1 2025, an increase of $17,049 from $241,703 in Q1 2024 [147]. Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash increased by $3,164 to $145,385 in Q1 2025, compared to a decrease of $29,449 in Q1 2024 [157]. - Cash used in operations decreased to $5,617 in Q1 2025 from $27,291 in Q1 2024, reflecting improved operational efficiency [158]. - Cash provided by investing activities was $8,781 in Q1 2025, compared to cash used of $2,158 in Q1 2024 [160]. - The company anticipates that current cash and expected cash flows will be sufficient to meet liquidity needs over the next twelve months [167]. - The company may pursue additional acquisitions or investments, which could impact available liquidity [162].

Financial Data and Key Metrics Changes - In Q1 2025, revenues increased by 27% year over year to $253.4 million, marking the strongest first quarter performance since 2022 [5] - The net loss for Q1 2025 was $6 million or $0.07 per diluted share, compared to a net loss of $41.5 million or $0.50 per diluted share in Q1 2024 [16] - Adjusted EBITDA for Q1 2025 was positive $1.1 million, compared to a loss of $17.6 million in Q1 2024 [16] - Adjusted net loss for Q1 2025 was $2.4 million or $0.03 per share, compared to an adjusted net loss of $23.1 million or $0.28 per share in Q1 2024 [16] Business Line Data and Key Metrics Changes - Revenues from existing home sales in New York City increased by $17 million or 34% from Q1 2024 [10] - Development marketing's revenues in Q1 2025 increased by $14.6 million or 222% from Q1 2024 [10] - The average price per transaction rose to $2 million per home sale compared to $1.6 million in the comparable 2024 period [11] Market Data and Key Metrics Changes - The average price per home sale transaction for the last twelve months was $1.76 million compared to $1.6 million in the 2024 period [11] - In February, 343 homes sold for approximately $5 million or more, a 73% increase from the same quarter last year [12] - 104 home sales of $10 million or more represented a 76% increase from the same quarter last year [12] Company Strategy and Development Direction - The company is focused on executing strategic growth initiatives, particularly in the development marketing division, which is crucial for long-term growth [8] - The company is prioritizing expense discipline while optimizing operations and balancing strategic investments with cost management [9] - The strategic M&A and business development unit is evaluating complementary acquisitions in ancillary businesses [9] Management's Comments on Operating Environment and Future Outlook - Management noted challenges such as elevated U.S. mortgage rates, low housing inventory, and soft transaction volume, but expressed optimism due to a 4% increase in average daily cash receipts in April 2025 compared to the same period in 2024 [7] - The company believes ongoing efforts are transforming it into a more diversified and resilient real estate services company [10] - Management is confident that the improvement in financial results positions the company for long-term success [10] Other Important Information - The company maintains active liquidity with cash and cash investments of approximately $137 million as of March 31, 2025 [14] - The decline in cash investments was $8.7 million in Q1 2025 compared to $28.4 million in Q1 2024, showing an improvement of approximately $20 million [15] Q&A Session Summary Question: No questions were raised during the call - The operator concluded the call without any questions from participants [17]

Douglas Elliman (DOUG) Q1 2025 Earnings Call May 02, 2025 08:00 AM ET Speaker0 Please stand by. Your program is about to begin. If you need audio assistance during today's program, please press 0. Welcome to the Douglas Elliman's First Quarter twenty twenty five Earnings Conference Call. 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.ellmann.com for one year. During t ...