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 FIRST QUARTER 2025 FINANCIAL RESULTS Company reports 27% year-over-year revenue growth and significant improvements in Net Loss and Adjusted EBITDA, driven by strategic investments and disciplined expense management. MIAMI, FL, May 1, 2025 - Douglas Elliman Inc. ("Douglas Elliman" o ...

Core Insights - Douglas Elliman Realty has launched Elliman.com, a luxury lifestyle website featuring an AI-powered property search platform called Elliman Inspirations, aimed at enhancing the home discovery experience [1][2][3] Group 1: Digital Platform Features - Elliman Inspirations offers personalized property searches and a collaborative space for agents and clients, utilizing AI technology to monitor preferences and provide relevant suggestions [3][4] - The platform allows clients to search for properties using images, track favorite listings, and organize searches into personalized folders [6][4] - Real-time collaboration features enable agents and clients to share insights, build collections of listings, and enhance the overall search experience [6][4] Group 2: Lifestyle Integration - World of Elliman serves as a digital lifestyle hub, celebrating the unique passions and properties that inspire clients, thus redefining the real estate experience beyond mere transactions [2][7] - The platform aims to curate lifestyles that reflect personal achievements and global perspectives, merging luxury with purpose [7][8] - Exclusive publications and partnerships, such as those with Knight Frank Residential, provide insights into global trends among high-net-worth individuals, enhancing the content offered to clients [8][9] Group 3: Company Vision and Commitment - Douglas Elliman emphasizes innovation and entrepreneurship, aiming to transform the home search process into an immersive and tailored journey [3][4] - The company is committed to helping agents build meaningful connections with clients, enhancing the real estate journey through advanced technology and personalized service [4][9] - Douglas Elliman operates in multiple states across the U.S. and invests in disruptive property technology solutions, positioning itself as a leader in the luxury real estate market [9][1]

_____________________________________________ Form 10-K _____________________________________________ ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended December 31, 2024 Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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 ...

Financial Data and Key Metrics Changes - Revenues increased by 13.6% in Q4 2024 compared to Q4 2023, reaching $243.3 million from $214.1 million [8][20] - Net loss for Q4 2024 was $6 million, or $0.07 per diluted share, an improvement from a net loss of $14.8 million, or $0.18 per diluted share, in Q4 2023 [20] - Adjusted EBITDA for Q4 2024 was a loss of $5.4 million, compared to a loss of $16.1 million in Q4 2023 [20] - For the full year 2024, revenues were $995.6 million, up from $955.6 million in 2023 [21] - Net loss for the year was $76.3 million, or $0.91 per diluted share, compared to $42.6 million, or $0.52 per diluted share, in 2023 [22] - Adjusted EBITDA for the year was a loss of $17.8 million, an improvement from a loss of $39.9 million in 2023 [22] Business Line Data and Key Metrics Changes - Average price per transaction rose to $1.64 million in Q4 2024 from $1.58 million in Q4 2023, and for the year, it was $1.67 million compared to $1.59 million in 2023 [14] - Development marketing revenue increased significantly to $25.5 million in Q4 2024 from $9.5 million in Q4 2023 [16] - The development marketing division has a pipeline of approximately $27.7 million in gross transaction value, with $18.1 billion in Florida alone [15] Market Data and Key Metrics Changes - The company was ranked as the most trusted real estate brokerage in 2025 by Life Story Research, highlighting the strength of the Elliman brand [9] - The company achieved record sales in key markets such as Aspen, North Miami, and Long Island [17] Company Strategy and Development Direction - The company is focused on expanding its revenue base through growth initiatives, including recruiting and international expansion, while also reducing costs [10] - A newly created strategic M&A and business development unit is exploring complementary acquisitions and investments [10] - The company aims to diversify revenue streams and drive innovation and technology within the industry [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the improvement of financial results and the positioning of the company for long-term success [13] - The CEO emphasized the strength of the Douglas Elliman brand and its bright future, indicating that the best days are ahead for the company [23] Other Important Information - Cash and cash equivalents as of December 31, 2024, were approximately $135 million, with total liquidity of about $145 million [18] - The company reduced operating expenses by $19.7 million in 2024 compared to 2023, excluding certain costs [18] Q&A Session Summary Question: What are the expectations for future growth? - Management indicated that the company is performing well and is optimistic about future growth prospects [23] Question: How is the company managing its expenses? - The company has implemented expense reductions and is focusing on return on investments across its markets [17]

Douglas Elliman (DOUG) Q4 2024 Earnings Call March 11, 2025 02:32 PM ET Company Participants Michael Liebowitz - CEO & Chairman of BoardBryant Kirkland - Executive VP, Secretary, Treasurer and CFO Operator Welcome to Douglas Elements Fourth Quarter and Full Year twenty twenty four 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.element.com for ...

Financial Performance - Fourth quarter 2024 revenues increased to $243.3 million, up 13.5% from $214.1 million in Q4 2023[3] - The net loss for Q4 2024 was $6.0 million, or $0.07 per diluted share, compared to a net loss of $14.8 million, or $0.18 per diluted share, in Q4 2023[3] - For the full year 2024, revenues reached $995.6 million, a 4.2% increase from $955.6 million in 2023[4] - The net loss for the year ended December 31, 2024, was $76.3 million, or $0.91 per diluted share, compared to $42.6 million, or $0.52 per diluted share, in 2023[5] - Adjusted EBITDA for Q4 2024 improved to a loss of $5.4 million, significantly better than a loss of $16.7 million in Q4 2023[6] - Adjusted net income attributed to Douglas Elliman Inc. for Q4 2024 was $2,376 thousand, a significant recovery from a loss of $13,717 thousand in Q4 2023[27] - The company reported an adjusted EBITDA of $(5,403) thousand for Q4 2024, an improvement from $(16,689) thousand in Q4 2023[27] Transaction Metrics - Gross transaction value for Q4 2024 was approximately $8.8 billion, up from $7.9 billion in Q4 2023, with an average price per transaction of $1.64 million[9] - For the full year 2024, gross transaction value was approximately $36.4 billion, compared to $34.4 billion in 2023, with an average price per transaction of $1.67 million[10] - Total transactions in Q4 2024 were 5,337, up from 5,022 in Q4 2023, indicating a growth of 6.3%[29] - Commissions and other brokerage income increased to $231,905 thousand in Q4 2024, up 14.7% from $202,289 thousand in Q4 2023[29] - Gross transaction value for Q4 2024 was $8.8 billion, compared to $7.9 billion in Q4 2023, reflecting an increase of 11.4%[29] Cash and Investments - The company reported cash and cash equivalents of $135.7 million and investment securities of $9.8 million, totaling $145.5 million as of December 31, 2024[11] - Cash receipts in January and February 2025 were up about 30% compared to the same period last year, indicating strong momentum[2] Legal and Expense Matters - Litigation, settlement, and related expenses for Q4 2024 amounted to $10,630 thousand, compared to $770 thousand in Q4 2023, indicating a significant increase due to ongoing legal matters[27] - Interest expense for Q4 2024 was $1,464 thousand, a substantial rise from $6 thousand in Q4 2023[25] - The company continues to focus on expense reductions and strategic investments in its Development Marketing division to drive long-term value[2] Fair Value Changes - The company experienced a change in the fair value of derivatives embedded within convertible debt, resulting in a loss of $5,188 thousand in Q4 2024, with a gain of $14,978 thousand for the year[27]

Core Insights - Douglas Elliman (NYSE: DOUG) is a leading luxury real estate broker in the U.S. and has experienced flat share performance since August 2024 despite significant market volatility [1] Company Overview - Douglas Elliman operates in the luxury real estate sector, which has shown resilience but is currently facing challenges reflected in its stock performance [1]

Core Viewpoint - Kaskela Law LLC has initiated an investigation into Douglas Elliman Inc. to assess potential violations of securities laws or breaches of fiduciary duties by the company's officers and directors in relation to recent corporate actions [1][2]. Company Performance - Since January 2022, Douglas Elliman's stock price has plummeted from over $10.00 per share to below $2.00 per share, representing a decline of over 80% in value [3].

Core Insights - Villa Spectre has set a new record as the highest-priced sale in Delray Beach, closing at approximately $55 million, handled by renowned real estate agent Senada Adžem of Douglas Elliman [1][9]. Company Overview - Douglas Elliman Inc. is one of the largest residential brokerage companies in the United States, with operations across multiple states including New York, Florida, California, and Texas [10]. - The company also invests in early-stage property technology solutions and provides various real estate services such as development marketing and property management [10]. Property Features - Villa Spectre spans 21,725 square feet on 2.5 acres of lakefront property, designed by Aldo Stark of Prestige Design Homes, blending modern European elegance with exclusivity [2][3]. - The estate includes six-bedroom suites, two grand primary suites, a sophisticated executive office, and a grand salon with a 20-person dining table [4][5]. - Amenities include a Bulgari-inspired spa, state-of-the-art home theater, dual gourmet kitchens, and extensive outdoor entertainment facilities such as a resort-style pool, basketball court, and private soccer field [6][7][8].

Financial Performance - Total transactions for the last twelve months ended September 30, 2024, were 21,466, an increase from 16,444 in the previous nine months[112] - Gross transaction value reached $35.5 billion, up from $27.6 billion in the previous nine months[112] - Average transaction value per transaction was $1,655.3 thousand, slightly down from $1,679.1 thousand in the previous nine months[112] - Revenue for the three months ended September 30, 2024, was $266,316, an increase of $14,768 (5.9%) compared to $251,548 for the same period in 2023[122] - Revenues for the nine months ended September 30, 2024, were $752,306, an increase of $10,864 compared to $741,442 for the same period in 2023[129] Operating Loss and Expenses - Net loss attributed to Douglas Elliman Inc. was $(85,162) thousand, compared to $(70,319) thousand in the previous nine months[112] - Adjusted EBITDA attributed to Douglas Elliman was $(34,792) thousand, worsening from $(17,333) thousand in the previous nine months[112] - Operating loss for the real estate brokerage segment was $(48,305) thousand, compared to $(31,885) thousand in the previous nine months[118] - Operating loss for the nine months ended September 30, 2024, was $52,568, compared to $40,926 for the same period in 2023, reflecting an increase of $11,642[129] - Operating expenses for the three months ended September 30, 2024, were $273,747, an increase of $13,378 (5.1%) from $260,369 in 2023[122] - Operating expenses for the nine months ended September 30, 2024, were $804,874, an increase of $22,506 from $782,368 in 2023[129] Commissions and Agent Metrics - Real estate agent commissions increased to $199,133, representing 74.8% of total revenues for the three months ended September 30, 2024, compared to 73.9% in the same period of 2023[125] - Real estate agent commissions expense was $564,606 for the nine months ended September 30, 2024, an increase of $17,857 from $546,749 in 2023, representing 75.1% of revenues[132] - The number of Principal Agents as of September 30, 2024, was 5,062, a decrease from 5,307 in the previous nine months[112] - Annual retention rate decreased to 87% from 92%[112] Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash increased by $27,746 to $157,263 as of September 30, 2024[136] - Cash used in operations decreased to $16,987 for the nine months ended September 30, 2024, from $27,773 in 2023[136] - Cash provided by financing activities was $46,742 for the nine months ended September 30, 2024, compared to cash used of $4,233 in 2023[138] - As of September 30, 2024, the company had cash and cash equivalents of approximately $151,416, which is expected to meet liquidity needs over the next twelve months[139] - The company anticipates that cash flows from operations and financing will be sufficient to meet liquidity needs, despite potential acquisitions[139] Litigation and Settlements - The company recognized an expense of $17,750 related to a litigation settlement during the nine months ended September 30, 2024[120] - The company entered into a settlement agreement for $7,750 to resolve claims in class action litigations, with additional contingent payments of $10,000 due by December 31, 2027[139] - Management cannot predict cash requirements related to future settlements or judgments from ongoing litigation, which could materially affect financial position[139] Market Risks and Forward-Looking Statements - The company is exposed to market risks from fluctuations in interest rates and may face future risks from foreign currency exchange rates and equity prices[143] - Forward-looking statements indicate risks from economic conditions, litigation, and regulatory changes that could impact future performance[148] Corporate Actions - The company issued $50,000 in senior secured convertible notes on July 2, 2024, with an interest rate of 7.0% per annum[120] - The company plans to use the net proceeds from the convertible notes for general corporate purposes[120] - The company issued $50,000 in Convertible Notes due 2029, bearing interest at 7.0% per annum, with an option for 8.0% paid in kind[139] Other Financial Metrics - Other losses amounted to $20,018 for the three months ended September 30, 2024, compared to income of $1,822 for the same period in 2023[122] - Other loss for the nine months ended September 30, 2024, was $16,978, compared to income of $4,226 for the same period in 2023[129] - Adjusted EBITDA for the nine months ended September 30, 2024, was $(4,100), an improvement from $(9,031) in 2023[129] - Escrow funds administered by a subsidiary amounted to $36,061 as of September 30, 2024, down from $41,338 at the end of 2023[142] - The company has approximately $3,000 of letters of credit outstanding as of September 30, 2024, collateralized by certificates of deposit[140] - The company remains contingently liable for the disposition of escrow deposits, which are not considered assets on the balance sheet[142]