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Douglas Elliman (DOUG) Financials

Douglas Elliman logo
$1.88 -0.04 (-1.82%)
Closing price 07/17/2026 03:59 PM Eastern
Extended Trading
$1.89 +0.00 (+0.05%)
As of 07/17/2026 06:31 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Douglas Elliman

Annual Income Statements for Douglas Elliman

This table shows Douglas Elliman's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 8.46 -46 99 -5.62 -43 -76 15
Consolidated Net Income / (Loss)		 8.46 -46 99 -6.40 -43 -77 14
Net Income / (Loss) Continuing Operations		 8.46 -46 99 -6.40 -43 -77 14
Total Pre-Tax Income 		8.81 -46 101 0.10 -58 -76 18
Total Operating Income		 -3.48 -49 102 -4.54 -64 -69 45
Total Gross Profit		 179 162 281 221 179 181 190
Total Revenue		 784 774 1,353 1,153 956 996 1,033
Operating Revenue		 784 774 1,353 1,153 956 996 1,033
Total Cost of Revenue		 606 612 1,073 933 777 814 843
Operating Cost of Revenue		 606 612 1,073 933 777 814 843
Total Operating Expenses		 182 212 179 225 243 250 145
Selling, General & Admin Expense		 97 76 93 131 125 118 111
Marketing Expense		 77 64 77 86 84 83 81
Depreciation Expense		 8.64 8.54 8.56 8.01 8.03 7.74 8.38
Other Operating Expenses / (Income)		 - - - 0.00 24 23 -59
Impairment Charge		 0.00 58 - - 0.00 0.00 2.28
Restructuring Charge		 0.00 3.38 0.00 0.00 2.38 1.04 1.64
Other Special Charges / (Income)		 0.00 1.17 - - 0.00 18 0.00
Total Other Income / (Expense), net		 12 2.96 -1.31 4.65 6.28 -7.06 -28
Interest Expense		 - - - 0.15 0.03 2.94 5.54
Interest & Investment Income		 9.14 0.81 0.33 4.79 6.31 11 6.41
Other Income / (Expense), net		 3.16 2.15 -1.65 0.00 0.00 -15 -28
Income Tax Expense		 0.35 0.04 2.13 6.50 -15 1.12 3.56
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 -0.19 -0.78 -0.61 -0.69 -0.91
Basic Earnings per Share		 $0.11 ($0.60) $1.21 ($0.08) ($0.52) ($0.91) $0.17
Weighted Average Basic Shares Outstanding		 - - 81.26M 84.42M 91.54M 88.74M 88.22M
Diluted Earnings per Share		 $0.11 ($0.60) $1.21 ($0.08) ($0.52) ($0.91) $0.17
Weighted Average Diluted Shares Outstanding		 - - 81.26M 84.42M 91.54M 88.74M 88.22M
Weighted Average Basic & Diluted Shares Outstanding		 - - 81.26M 84.42M 91.54M 88.74M 88.22M

Quarterly Income Statements for Douglas Elliman

This table shows Douglas Elliman's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -4.87 -15 -41 -1.66 -27 -6.00 -99 -23 -25 162 -83
Consolidated Net Income / (Loss)		 -5.13 -15 -42 -1.78 -27 -6.09 -13 -23 -25 74 -33
Net Income / (Loss) Continuing Operations		 -5.13 -15 -42 -1.78 -27 -6.09 -100 -23 -25 162 -83
Total Pre-Tax Income 		-7.00 -22 -40 -1.61 -27 -6.34 -13 -23 -25 78 -33
Total Operating Income		 -8.82 -24 -41 -3.67 -7.43 -16 -11 -5.53 -11 72 -35
Total Gross Profit		 43 55 27 46 42 43 0.00 43 47 101 0.00
Total Revenue		 252 214 200 286 266 243 0.00 271 263 499 0.00
Total Cost of Revenue		 209 159 174 240 224 200 0.00 228 216 398 0.00
Total Operating Expenses		 52 79 68 50 50 60 98 49 57 -59 86
Selling, General & Admin Expense		 29 33 27 25 29 37 55 26 32 -2.10 46
Marketing Expense		 21 20 21 22 19 20 39 20 20 1.45 35
Depreciation Expense		 2.00 2.00 1.98 1.93 1.90 1.93 3.80 2.22 2.18 0.18 4.00
Restructuring Charge		 0.22 0.45 - 0.60 0.02 0.43 0.00 0.30 0.79 0.54 0.09
Total Other Income / (Expense), net		 1.82 2.05 0.97 2.07 -20 9.92 -1.83 -17 -14 5.58 2.55
Interest Expense		 0.00 - 0.01 0.01 1.46 - 3.06 1.55 1.57 -0.64 0.01
Interest & Investment Income		 1.83 2.08 0.98 2.07 1.61 6.21 2.73 1.42 2.74 -0.48 2.56
Other Income / (Expense), net		 0.00 - 0.00 0.00 -20 - -1.49 -17 -15 5.42 0.00
Income Tax Expense		 -1.87 -6.50 1.20 0.17 0.00 -0.25 0.00 0.00 0.01 3.55 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.26 -0.18 -0.21 -0.12 -0.27 -0.09 -0.30 0.05 -0.25 -0.41 0.00
Basic Earnings per Share		 ($0.06) ($0.18) ($0.50) ($0.02) ($0.33) ($0.06) ($0.07) ($0.27) ($0.29) $0.80 ($0.19)
Weighted Average Basic Shares Outstanding		 88.71M 91.54M 91.42M 91.83M 89.17M 88.74M 88.74M 88.71M 88.82M 88.22M 90.91M
Diluted Earnings per Share		 ($0.06) ($0.18) ($0.50) ($0.02) ($0.33) ($0.06) ($0.07) ($0.27) ($0.29) $0.80 ($0.19)
Weighted Average Diluted Shares Outstanding		 88.71M 91.54M 91.42M 91.83M 89.17M 88.74M 88.74M 88.71M 88.82M 88.22M 90.91M
Weighted Average Basic & Diluted Shares Outstanding		 88.71M 91.54M 91.42M 91.83M 89.17M 88.74M 88.74M 88.71M 88.82M 88.22M 90.91M

Annual Cash Flow Statements for Douglas Elliman

This table details how cash moves in and out of Douglas Elliman's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -13 28 122 -57 -42 13 -20
Net Cash From Operating Activities		 7.58 32 128 -15 -30 -26 -14
Net Cash From Continuing Operating Activities		 7.58 32 128 -15 -30 -26 -14
Net Income / (Loss) Continuing Operations		 8.46 -46 99 -6.40 -43 -77 14
Consolidated Net Income / (Loss)		 8.46 -46 99 -6.40 -43 -77 14
Depreciation Expense		 8.64 8.54 8.56 8.01 8.03 7.74 8.38
Non-Cash Adjustments To Reconcile Net Income		 12 79 22 39 41 67 -21
Changes in Operating Assets and Liabilities, net		 -21 -8.88 -1.66 -55 -36 -24 -16
Net Cash From Investing Activities		 -1.51 -4.09 -8.86 -13 -5.24 -6.79 90
Net Cash From Continuing Investing Activities		 -1.51 -4.09 -8.86 -13 -5.24 -6.79 90
Purchase of Property, Plant & Equipment		 -8.08 -6.13 -4.11 -8.54 -6.14 -5.53 -3.35
Purchase of Investments		 0.00 0.00 -0.37 -1.78 -0.22 -10 -88
Divestitures		 - - - - 0.00 0.00 82
Sale and/or Maturity of Investments		 8.62 0.00 0.09 0.08 1.42 8.88 99
Other Investing Activities, net		 0.00 0.00 -3.98 -2.10 -0.30 0.00 0.00
Net Cash From Financing Activities		 -19 -0.14 3.20 -30 -6.21 45 -96
Net Cash From Continuing Financing Activities		 -19 -0.14 3.20 -30 -6.21 45 -96
Repayment of Debt		 -0.16 -0.06 -0.36 -13 0.00 -2.00 -94
Payment of Dividends		 -19 0.00 -31 -16 -4.22 0.00 0.00
Issuance of Debt		 - - - 0.00 0.00 49 0.00
Other Financing Activities, net		 -0.22 -0.08 -0.13 -1.60 -1.99 -1.30 -2.03

Quarterly Cash Flow Statements for Douglas Elliman

This table details how cash moves in and out of Douglas Elliman's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -5.41 -4.37 -29 2.84 54 -15 3.16 -0.68 6.20 -28 -20
Net Cash From Operating Activities		 -4.63 -2.64 -27 1.32 8.99 -8.98 -5.62 0.64 5.48 -14 -19
Net Cash From Continuing Operating Activities		 -4.63 -2.64 -27 1.32 8.99 -8.98 -5.62 0.64 5.48 -14 -19
Net Income / (Loss) Continuing Operations		 -5.13 -15 -42 -1.78 -27 -6.09 -6.28 -23 -25 68 -16
Consolidated Net Income / (Loss)		 -5.13 -15 -42 -1.78 -27 -6.09 -6.28 -23 -25 68 -16
Depreciation Expense		 2.00 2.00 1.98 1.93 1.90 1.93 1.90 2.22 2.18 2.08 2.00
Amortization Expense		 - - - - - - - - - - 4.59
Non-Cash Adjustments To Reconcile Net Income		 10 11 32 -8.48 35 6.14 7.24 24 25 -77 1.69
Changes in Operating Assets and Liabilities, net		 -12 -0.16 -20 9.65 -0.46 -11 -8.47 -2.59 3.07 -7.82 -11
Net Cash From Investing Activities		 -0.78 0.25 -2.16 1.53 -1.38 -4.78 8.78 -1.23 0.72 82 -0.39
Net Cash From Continuing Investing Activities		 -0.78 0.25 -2.16 1.53 -1.38 -4.78 8.78 -1.23 0.72 82 -0.39
Purchase of Property, Plant & Equipment		 -0.77 -0.76 -2.08 -0.89 -1.31 -1.26 -1.03 -1.22 -0.79 -0.31 -0.26
Purchase of Investments		 -0.01 - -0.09 -0.10 -0.07 -9.88 -45 -43 -0.03 -0.03 -0.16
Sale and/or Maturity of Investments		 - 1.01 0.01 2.52 - 6.36 54 43 1.53 0.04 0.03
Net Cash From Financing Activities		 - -1.98 0.00 -0.01 47 -1.29 0.00 -0.09 - -96 0.00
Net Cash From Continuing Financing Activities		 - -1.98 0.00 -0.01 47 -1.29 0.00 -0.09 - -96 0.00

Annual Balance Sheets for Douglas Elliman

This table presents Douglas Elliman's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 454 595 550 493 494 444
Total Current Assets		 148 281 225 181 196 161
Cash & Equivalents		 94 212 164 120 136 116
Restricted Cash		 10 15 4.99 7.17 4.08 4.72
Accounts Receivable		 24 32 22 22 20 20
Other Current Assets		 19 21 27 27 27 21
Plant, Property, & Equipment, net		 43 39 42 40 38 30
Total Noncurrent Assets		 263 275 284 272 260 253
Long-Term Investments		 1.65 11 15 15 12 13
Goodwill		 32 33 32 32 32 32
Intangible Assets		 68 74 74 73 72 72
Other Noncurrent Operating Assets		 161 157 163 151 144 136
Total Liabilities & Shareholders' Equity		 454 595 550 493 494 444
Total Liabilities		 290 313 280 259 331 261
Total Current Liabilities		 100 132 90 97 92 99
Accounts Payable		 6.34 5.87 5.46 6.14 3.06 3.78
Current Deferred & Payable Income Tax Liabilities		 0.02 1.24 - - 0.00 3.56
Current Employee Benefit Liabilities		 12 25 18 13 8.30 14
Other Current Liabilities		 69 87 66 78 81 78
Total Noncurrent Liabilities		 191 181 190 162 239 162
Asset Retirement Reserve & Litigation Obligation		 - - - 0.00 10 5.00
Other Noncurrent Operating Liabilities		 178 169 176 162 197 157
Commitments & Contingencies		 0.00 0.00 0.00 - - 0.00
Total Equity & Noncontrolling Interests		 164 282 270 234 162 183
Total Preferred & Common Equity		 164 280 269 233 162 184
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 0.00 280 269 233 162 184
Common Stock		 0.00 279 274 281 286 293
Retained Earnings		 0.00 0.62 -5.00 -48 -124 -109
Noncontrolling Interest		 0.00 1.94 1.54 0.92 0.24 -0.67

Quarterly Balance Sheets for Douglas Elliman

This table presents Douglas Elliman's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 511 461 464 503 494 489 481 435
Total Current Assets		 197 155 161 206 196 192 193 151
Cash & Equivalents		 126 91 93 151 137 136 143 96
Restricted Cash		 5.01 6.08 7.56 3.36 6.13 5.89 5.42 4.52
Accounts Receivable		 27 20 28 22 21 21 18 21
Other Current Assets		 33 37 34 29 32 29 27 30
Plant, Property, & Equipment, net		 41 40 39 38 37 36 32 29
Total Noncurrent Assets		 273 267 264 259 261 261 255 255
Long-Term Investments		 15 13 13 13 13 13 13 12
Goodwill		 32 32 32 32 32 32 32 32
Intangible Assets		 73 73 73 72 72 72 72 71
Other Noncurrent Operating Assets		 153 148 146 141 144 143 138 140
Total Liabilities & Shareholders' Equity		 511 461 464 503 494 489 481 435
Total Liabilities		 263 265 266 329 336 351 366 267
Total Current Liabilities		 93 93 91 90 101 97 101 102
Accounts Payable		 4.75 5.44 2.73 2.82 5.22 3.11 3.61 3.27
Current Deferred & Payable Income Tax Liabilities		 - 0.16 0.34 0.34 0.08 0.08 0.01 2.41
Current Employee Benefit Liabilities		 9.98 2.27 3.37 5.50 3.30 5.80 9.49 5.85
Other Current Liabilities		 78 85 84 81 92 88 87 91
Total Noncurrent Liabilities		 170 173 176 239 235 255 265 165
Asset Retirement Reserve & Litigation Obligation		 - 10 10 10 5.00 5.00 5.00 0.00
Other Noncurrent Operating Liabilities		 165 163 166 197 197 216 226 165
Commitments & Contingencies		 0.00 0.00 0.00 0.00 - - 0.00 0.00
Total Equity & Noncontrolling Interests		 248 196 198 174 158 138 115 168
Total Preferred & Common Equity		 247 195 197 174 158 138 115 168
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 247 195 197 174 158 138 115 168
Common Stock		 279 284 288 291 288 290 292 293
Retained Earnings		 -33 -89 -91 -118 -130 -153 -177 -125
Noncontrolling Interest		 1.10 0.71 0.60 0.33 -0.06 -0.01 -0.27 0.00

Annual Metrics And Ratios for Douglas Elliman

This table displays calculated financial ratios and metrics derived from Douglas Elliman's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 0.00 81,248,163.00 88,707,320.00 - 88,818,970.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00 81,248,163.00 88,707,320.00 - 88,818,970.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00 -0.07 -0.48 - 0.17
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% -1.29% 74.83% -14.78% -17.14% 4.19% 3.76%
EBITDA Growth		 0.00% -564.21% 382.42% -96.82% -1,726.94% -34.70% 133.36%
EBIT Growth		 0.00% -14,493.19% 313.11% -104.52% -1,320.33% -29.93% 120.29%
NOPAT Growth		 0.00% -932.85% 389.68% 179.58% -116.16% -6.71% 175.60%
Net Income Growth		 0.00% -648.20% 312.74% -106.49% -574.57% -78.39% 118.58%
EPS Growth		 0.00% -645.45% 301.67% -106.61% -550.00% -75.00% 118.68%
Operating Cash Flow Growth		 0.00% 320.55% 301.15% -111.53% -106.29% 14.64% 46.55%
Free Cash Flow Firm Growth		 0.00% 0.00% 207.21% 98.69% -120.23% 120.14% 98.13%
Invested Capital Growth		 0.00% 0.00% -30.96% 52.72% 6.08% -63.17% 47.91%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -9.91% 0.72% 3.02% 32.86%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -92.23% -3.09% -11.31% 139.88%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -112.44% -2.72% -10.07% 123.66%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 870.12% -2.72% 9.60% 220.60%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -119.76% 7.78% 10.39% 121.61%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -122.86% 8.77% 11.65% 124.64%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% -137.23% 36.27% -32.26% -63.85%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 19.67% 1.38% 3.33%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 5.60% -8.82% -10.41% 529.09%
Profitability Metrics		 - - - - - - -
Gross Margin		 22.78% 20.97% 20.74% 19.13% 18.71% 15.88% 18.43%
EBITDA Margin		 1.06% -4.99% 8.06% 0.30% -5.91% -7.64% 2.46%
Operating Margin		 -0.44% -6.37% 7.55% -0.39% -6.75% -6.91% 4.40%
EBIT Margin		 -0.04% -6.09% 7.42% -0.39% -6.75% -8.42% 1.65%
Profit (Net Income) Margin		 1.08% -5.99% 7.29% -0.55% -4.52% -7.73% 1.39%
Tax Burden Percent		 95.98% 100.10% 97.88% -6,152.88% 74.14% 101.47% 80.08%
Interest Burden Percent		 -2,728.48% 98.29% 100.33% -2.29% 90.27% 90.55% 105.12%
Effective Tax Rate		 4.02% 0.00% 2.12% 6,252.88% 0.00% 0.00% 19.92%
Return on Invested Capital (ROIC)		 0.00% -83.57% 143.21% 387.91% -50.33% -76.26% 86.40%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -54.26% 144.05% 527.92% -51.55% -54.93% 103.32%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 26.88% -98.92% -390.23% 33.22% 37.43% -78.13%
Return on Equity (ROE)		 0.00% -56.69% 44.29% -2.32% -17.11% -38.83% 8.28%
Cash Return on Invested Capital (CROIC)		 0.00% -283.57% 179.84% 346.19% -56.23% 16.08% 47.75%
Operating Return on Assets (OROA)		 0.00% -10.38% 19.15% -0.79% -12.36% -16.98% 3.62%
Return on Assets (ROA)		 0.00% -10.21% 18.81% -1.12% -8.27% -15.60% 3.05%
Return on Common Equity (ROCE)		 0.00% 0.00% 27.83% -2.30% -17.03% -38.72% 8.29%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% -47.48% 0.00%
Net Operating Profit after Tax (NOPAT)		 -3.34 -34 100 279 -45 -48 36
NOPAT Margin		 -0.43% -4.46% 7.39% 24.23% -4.72% -4.84% 3.53%
Net Nonoperating Expense Percent (NNEP)		 0.00% -29.31% -0.84% -140.00% 1.22% -21.33% -16.92%
Return On Investment Capital (ROIC_SIMPLE)		 - -18.25% 33.93% 103.31% -19.28% -24.69% 19.87%
Cost of Revenue to Revenue		 77.22% 79.03% 79.26% 80.87% 81.29% 84.12% 81.57%
SG&A Expenses to Revenue		 12.31% 9.84% 6.86% 11.40% 13.13% 11.83% 10.74%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 23.22% 27.34% 13.19% 19.53% 25.46% 22.79% 14.02%
Earnings before Interest and Taxes (EBIT)		 -0.32 -47 100 -4.54 -64 -84 17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 8.32 -39 109 3.47 -56 -76 25
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.15 1.12 0.92 1.14
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.90 2.04 2.58 2.63
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.27 0.27 0.15 0.20
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 13.83
Dividend Yield		 0.00% 0.00% 0.00% 5.25% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.23%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 1.47 1.31 0.61 1.53
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.11 0.13 0.02 0.07
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 36.85 0.00 0.00 3.03
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 4.52
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.46 0.00 0.00 2.11
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.51 0.00 2.04 3.82
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.16 0.05 0.00 0.00 0.20 0.00
Long-Term Debt to Equity		 0.00 0.08 0.00 0.00 0.00 0.20 0.00
Financial Leverage		 0.00 -0.50 -0.69 -0.74 -0.64 -0.68 -0.76
Leverage Ratio		 0.00 2.78 2.36 2.07 2.07 2.49 2.71
Compound Leverage Factor		 0.00 2.73 2.36 -0.05 1.87 2.25 2.85
Debt to Total Capital		 0.00% 13.45% 4.31% 0.00% 0.00% 16.75% 0.00%
Short-Term Debt to Total Capital		 0.00% 6.61% 4.25% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 6.84% 0.06% 0.00% 0.00% 16.75% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.66% 0.57% 0.39% 0.12% -0.37%
Common Equity to Total Capital		 0.00% 0.00% 95.03% 99.43% 99.61% 83.13% 100.37%
Debt to EBITDA		 0.00 -0.66 0.12 0.00 0.00 -0.43 0.00
Net Debt to EBITDA		 0.00 2.10 -2.06 0.00 0.00 1.69 0.00
Long-Term Debt to EBITDA		 0.00 -0.33 0.00 0.00 0.00 -0.43 0.00
Debt to NOPAT		 0.00 -0.74 0.13 0.00 0.00 -0.68 0.00
Net Debt to NOPAT		 0.00 2.35 -2.25 0.00 0.00 2.67 0.00
Long-Term Debt to NOPAT		 0.00 -0.37 0.00 0.00 0.00 -0.68 0.00
Altman Z-Score		 0.00 0.00 0.00 3.01 2.18 1.63 2.76
Noncontrolling Interest Sharing Ratio		 0.00% 100.00% 37.16% 0.63% 0.49% 0.29% -0.13%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 1.49 2.12 2.50 1.86 2.13 1.63
Quick Ratio		 0.00 1.19 1.84 2.07 1.46 1.79 1.37
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -117 126 249 -50 10 20
Operating Cash Flow to CapEx		 93.79% 520.16% 3,113.15% -172.71% -495.12% -469.14% -413.90%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 1,684.81 -1,801.43 3.46 3.64
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 -99.62 -1,086.25 -8.83 -2.51
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 -157.30 -1,305.64 -10.72 -3.11
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 1.70 2.58 2.01 1.83 2.02 2.20
Accounts Receivable Turnover		 0.00 31.75 47.59 42.20 43.46 48.09 52.30
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 18.12 32.97 28.44 23.47 25.72 30.45
Accounts Payable Turnover		 0.00 96.53 175.66 164.61 134.02 182.23 246.44
Days Sales Outstanding (DSO)		 0.00 11.50 7.67 8.65 8.40 7.59 6.98
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 3.78 2.08 2.22 2.72 2.00 1.48
Cash Conversion Cycle (CCC)		 0.00 7.71 5.59 6.43 5.67 5.59 5.50
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 83 57 87 92 34 50
Invested Capital Turnover		 0.00 18.75 19.39 16.01 10.65 15.76 24.51
Increase / (Decrease) in Invested Capital		 0.00 83 -26 30 5.29 -58 16
Enterprise Value (EV)		 0.00 0.00 0.00 128 121 21 77
Market Capitalization		 0.00 0.00 0.00 310 262 149 211
Book Value per Share		 $0.00 $0.00 $3.44 $3.31 $2.63 $1.82 $2.07
Tangible Book Value per Share		 $0.00 $0.00 $2.13 $2.01 $1.44 $0.65 $0.90
Total Capital		 0.00 189 295 270 234 195 183
Total Debt		 0.00 25 13 0.00 0.00 33 0.00
Total Long-Term Debt		 0.00 13 0.18 0.00 0.00 33 0.00
Net Debt		 0.00 -81 -225 -183 -142 -128 -133
Capital Expenditures (CapEx)		 8.08 6.13 4.11 8.54 6.14 5.53 3.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -44 -66 -34 -43 -46 -58
Debt-free Net Working Capital (DFNWC)		 0.00 61 161 135 84 104 63
Net Working Capital (NWC)		 0.00 49 148 135 84 104 63
Net Nonoperating Expense (NNE)		 -12 12 1.29 286 -1.98 29 22
Net Nonoperating Obligations (NNO)		 0.00 -81 -225 -183 -142 -128 -133
Total Depreciation and Amortization (D&A)		 8.64 8.54 8.56 8.01 8.03 7.74 8.38
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -5.63% -4.88% -2.93% -4.50% -4.58% -5.58%
Debt-free Net Working Capital to Revenue		 0.00% 7.91% 11.89% 11.72% 8.79% 10.44% 6.06%
Net Working Capital to Revenue		 0.00% 6.29% 10.96% 11.72% 8.79% 10.44% 6.06%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.27 ($0.08) ($0.52) ($0.91) $0.17
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 81.26M 84.42M 91.54M 88.74M 88.22M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.27 ($0.08) ($0.52) ($0.91) $0.17
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 81.26M 84.42M 91.54M 88.74M 88.22M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 81.26M 84.42M 91.54M 88.74M 88.22M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.34 9.46 100 -3.18 -43 -47 40
Normalized NOPAT Margin		 -0.43% 1.22% 7.39% -0.28% -4.55% -4.77% 3.83%
Pre Tax Income Margin		 1.12% -5.99% 7.45% 0.01% -6.09% -7.62% 1.73%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 -30.68 -2,303.46 -28.51 3.07
NOPAT to Interest Expense		 0.00 0.00 0.00 1,887.85 -1,612.43 -16.39 6.58
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 -88.36 -2,522.86 -30.40 2.47
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 1,830.17 -1,831.82 -18.28 5.97
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 221.66% 0.00% 31.90% -253.95% -9.78% 0.00% 0.00%
Augmented Payout Ratio		 221.66% 0.00% 31.90% -253.95% -9.78% 0.00% 0.00%

Quarterly Metrics And Ratios for Douglas Elliman

This table displays calculated financial ratios and metrics derived from Douglas Elliman's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 88,632,319.00 88,707,320.00 91,535,412.00 91,419,787.00 91,832,616.00 - 88,737,838.00 88,737,838.00 88,708,101.00 88,818,970.00 88,217,442.00
DEI Adjusted Shares Outstanding		 88,632,319.00 88,707,320.00 91,535,412.00 91,419,787.00 91,832,616.00 - 88,737,838.00 88,737,838.00 88,708,101.00 88,818,970.00 88,217,442.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.05 -0.17 -0.45 -0.02 -0.30 - -1.12 -0.26 -0.28 1.82 -0.95
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.72% 3.28% -6.42% 3.57% 5.87% 13.63% -100.00% -5.03% -1.31% 105.02% 0.00%
EBITDA Growth		 -453.73% -8.51% -81.37% 72.34% -276.71% 33.58% 73.94% -1,062.96% 6.93% 973.62% -176.32%
EBIT Growth		 -70.09% -7.82% -74.16% 55.73% -212.86% 31.03% 70.60% -512.61% 5.42% 802.72% -187.30%
NOPAT Growth		 -70.09% -7.82% -74.16% 55.73% 15.76% 31.03% 74.20% -50.61% -43.39% 706.95% -227.37%
Net Income Growth		 -20.91% 19.52% -133.66% 65.62% -435.07% 59.46% 69.85% -1,171.07% 9.13% 1,322.82% -159.01%
EPS Growth		 -20.00% 21.74% -127.27% 66.67% -450.00% 66.67% 86.00% -1,250.00% 12.12% 1,433.33% -171.43%
Operating Cash Flow Growth		 -138.65% 86.76% 13.57% -84.37% 293.96% -239.70% 79.42% -51.29% -39.02% -60.26% -244.35%
Free Cash Flow Firm Growth		 70.94% 51.95% 86.60% 166.59% 332.34% 315.48% 735.90% 203.87% -27.35% 12.40% -206.55%
Invested Capital Growth		 22.85% 6.08% -20.93% -21.88% -62.52% -63.17% -57.81% -80.41% -130.88% 47.91% 55.32%
Revenue Q/Q Growth		 -8.83% -14.87% -6.49% 42.71% -6.80% -8.63% -100.00% 0.00% -3.14% 89.79% -100.00%
EBITDA Q/Q Growth		 -8.22% -216.27% -83.00% 95.58% -1,373.57% 44.24% -12.56% -97.10% -17.92% 433.93% -135.60%
EBIT Q/Q Growth		 -6.32% -167.21% -75.91% 91.14% -651.35% 41.09% -10.12% -84.59% -15.99% 398.05% -145.02%
NOPAT Q/Q Growth		 -6.32% -167.21% -75.91% 91.14% -102.31% -118.79% 34.20% 48.29% -92.61% 1,026.11% -135.49%
Net Income Q/Q Growth		 0.93% -192.75% -177.57% 95.73% -1,442.08% 77.82% -106.44% -80.02% -10.24% 398.47% -143.73%
EPS Q/Q Growth		 0.00% -200.00% -177.78% 96.00% -1,550.00% 81.82% -16.67% -285.71% -7.41% 375.86% -123.75%
Operating Cash Flow Q/Q Growth		 -154.93% 42.97% -932.97% 104.83% 581.79% -199.88% 37.42% 111.43% 753.58% -362.46% -34.48%
Free Cash Flow Firm Q/Q Growth		 20.43% 12.88% 69.97% 419.84% 177.64% -19.20% -11.37% 52.84% -33.62% 25.01% -184.01%
Invested Capital Q/Q Growth		 -5.73% -8.82% -8.01% -1.21% -54.77% -10.41% 5.40% -54.12% -171.29% 529.09% 10.68%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 17.09% 25.79% 13.27% 16.05% 15.91% 17.78% 0.00% 15.93% 17.70% 20.17% 0.00%
EBITDA Margin		 -2.71% -10.08% -19.72% -0.61% -9.65% -5.89% 0.00% -7.47% -9.10% 16.01% 0.00%
Operating Margin		 -3.51% -11.01% -20.71% -1.29% -2.79% -6.68% 0.00% -2.04% -4.05% 14.51% 0.00%
EBIT Margin		 -3.51% -11.01% -20.71% -1.29% -10.36% -6.68% 0.00% -8.29% -9.93% 15.59% 0.00%
Profit (Net Income) Margin		 -2.04% -7.01% -20.82% -0.62% -10.31% -2.50% 0.00% -8.34% -9.49% 14.92% 0.00%
Tax Burden Percent		 73.30% 69.79% 102.95% 110.77% 100.00% 96.04% 100.00% 100.00% 100.04% 95.45% 100.00%
Interest Burden Percent		 79.34% 91.29% 97.65% 43.75% 99.46% 38.99% 103.10% 100.55% 95.52% 100.26% 92.95%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.55% 0.00%
Return on Invested Capital (ROIC)		 -25.35% -82.09% -141.93% -8.95% -27.11% -73.71% 0.00% -22.21% -168.19% 339.35% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -25.94% -83.00% -131.99% -9.56% -11.36% -77.63% 0.00% -6.23% -154.87% 335.24% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 17.09% 53.49% 75.19% 5.49% 7.61% 52.90% 0.00% 4.36% 140.80% -253.49% 0.00%
Return on Equity (ROE)		 -8.26% -28.60% -66.74% -3.46% -19.50% -20.82% 0.00% -17.84% -27.39% 85.86% 0.00%
Cash Return on Invested Capital (CROIC)		 -68.36% -56.23% -36.41% -32.16% 14.40% 16.08% 37.20% 78.79% 0.00% 47.75% -10.97%
Operating Return on Assets (OROA)		 -6.10% -20.15% -39.89% -2.49% -19.76% -13.48% 0.00% -13.59% -15.70% 34.34% 0.00%
Return on Assets (ROA)		 -3.55% -12.84% -40.10% -1.21% -19.65% -5.05% 0.00% -13.67% -15.01% 32.86% 0.00%
Return on Common Equity (ROCE)		 -8.22% -28.46% -66.44% -3.45% -19.44% -20.75% 0.00% -17.81% -27.39% 85.97% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -6.17 -16 -29 -2.57 -5.20 -11 -7.49 -3.87 -7.46 69 -25
NOPAT Margin		 -2.45% -7.71% -14.50% -0.90% -1.95% -4.68% 0.00% -1.43% -2.84% 13.85% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.59% 0.91% -9.94% 0.61% -15.75% 3.92% -4.36% -15.98% -13.32% 4.11% -6.85%
Return On Investment Capital (ROIC_SIMPLE)		 -2.49% -7.05% -14.82% -1.30% -2.52% -5.83% -3.91% -2.26% -4.99% 37.69% -14.59%
Cost of Revenue to Revenue		 82.91% 74.21% 86.73% 83.95% 84.09% 82.22% 0.00% 84.07% 82.30% 79.83% 0.00%
SG&A Expenses to Revenue		 11.46% 15.45% 13.49% 8.70% 10.76% 15.31% 0.00% 9.65% 12.26% -0.42% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 20.59% 36.80% 33.98% 17.34% 18.71% 24.46% 0.00% 17.97% 21.76% -11.83% 0.00%
Earnings before Interest and Taxes (EBIT)		 -8.82 -24 -41 -3.67 -28 -16 -12 -23 -26 78 -35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -6.82 -22 -39 -1.74 -26 -14 -10 -20 -24 80 -28
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.81 1.12 0.74 0.54 0.97 0.92 0.96 1.50 2.20 1.14 0.86
Price to Tangible Book Value (P/TBV)		 1.42 2.04 1.61 1.15 2.44 2.58 2.83 6.17 23.01 2.63 2.25
Price to Revenue (P/Rev)		 0.21 0.27 0.15 0.11 0.17 0.15 0.19 0.26 0.33 0.20 0.14
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.83 4.63
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.23% 21.62%
Enterprise Value to Invested Capital (EV/IC)		 0.54 1.31 0.41 0.00 0.85 0.61 0.84 5.15 0.00 1.53 0.58
Enterprise Value to Revenue (EV/Rev)		 0.06 0.13 0.04 0.00 0.03 0.02 0.04 0.11 0.16 0.07 0.03
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.03 12.21
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.52 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.11 2.18
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 3.23 2.04 1.35 2.14 6.51 3.82 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.18 0.20 0.21 0.25 0.30 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.18 0.20 0.21 0.25 0.30 0.00 0.00
Financial Leverage		 -0.66 -0.64 -0.57 -0.57 -0.67 -0.68 -0.66 -0.70 -0.91 -0.76 -0.72
Leverage Ratio		 2.03 2.07 2.19 2.19 2.40 2.49 2.70 2.84 3.41 2.71 2.85
Compound Leverage Factor		 1.61 1.89 2.14 0.96 2.39 0.97 2.78 2.86 3.25 2.72 2.65
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 15.57% 16.75% 17.40% 19.81% 23.20% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 15.57% 16.75% 17.40% 19.81% 23.20% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.44% 0.39% 0.36% 0.30% 0.16% 0.12% -0.03% -0.01% -0.18% -0.37% 0.00%
Common Equity to Total Capital		 99.56% 99.61% 99.64% 99.70% 84.27% 83.13% 82.63% 80.20% 76.98% 100.37% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.47 -0.43 -0.71 -0.52 -0.55 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 1.99 1.69 2.61 1.85 1.99 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.47 -0.43 -0.71 -0.52 -0.55 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.60 -0.68 -1.25 -1.22 -1.15 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 2.55 2.67 4.59 4.34 4.19 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.60 -0.68 -1.25 -1.22 -1.15 0.00 0.00
Altman Z-Score		 2.41 2.45 1.96 2.17 2.00 2.08 1.67 1.59 1.57 3.21 2.17
Noncontrolling Interest Sharing Ratio		 0.53% 0.49% 0.46% 0.43% 0.34% 0.29% 0.00% 0.17% 0.02% -0.13% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.12 1.86 1.67 1.78 2.29 2.13 1.95 1.99 1.92 1.63 1.48
Quick Ratio		 1.65 1.46 1.20 1.32 1.93 1.79 1.57 1.62 1.60 1.37 1.14
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -25 -22 -6.54 21 58 47 42 64 42 53 -44
Operating Cash Flow to CapEx		 -604.83% -346.26% -1,311.44% 148.76% 688.06% -711.74% -543.23% 52.75% 693.67% -4,609.94% -7,467.95%
Free Cash Flow to Firm to Interest Expense		 -6,253.43 0.00 -934.97 2,990.41 39.78 0.00 13.60 41.17 26.84 0.00 -7,390.57
Operating Cash Flow to Interest Expense		 -1,158.25 0.00 -3,898.71 188.29 6.15 0.00 -1.84 0.42 3.48 0.00 -3,223.67
Operating Cash Flow Less CapEx to Interest Expense		 -1,349.75 0.00 -4,196.00 61.71 5.26 0.00 -2.17 -0.37 2.98 0.00 -3,266.83
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.74 1.83 1.93 1.94 1.91 2.02 1.67 1.64 1.58 2.20 2.22
Accounts Receivable Turnover		 35.46 43.46 42.76 36.79 39.53 48.09 39.21 32.39 39.04 52.30 50.06
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 23.29 23.47 22.89 23.44 24.49 25.72 20.73 20.92 22.01 30.45 31.52
Accounts Payable Turnover		 131.70 134.02 132.52 175.53 210.46 182.23 120.25 215.55 193.23 246.44 198.61
Days Sales Outstanding (DSO)		 10.29 8.40 8.54 9.92 9.23 7.59 9.31 11.27 9.35 6.98 7.29
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 2.77 2.72 2.75 2.08 1.73 2.00 3.04 1.69 1.89 1.48 1.84
Cash Conversion Cycle (CCC)		 7.52 5.67 5.78 7.84 7.50 5.59 6.27 9.58 7.46 5.50 5.45
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 101 92 85 84 38 34 36 16 -12 50 56
Invested Capital Turnover		 10.33 10.65 9.79 9.95 13.88 15.76 13.17 15.56 59.27 24.51 22.58
Increase / (Decrease) in Invested Capital		 19 5.29 -22 -24 -63 -58 -49 -67 -50 16 20
Enterprise Value (EV)		 55 121 34 -6.94 32 21 30 85 127 77 32
Market Capitalization		 200 262 145 106 168 149 153 206 254 211 145
Book Value per Share		 $2.78 $2.63 $2.13 $2.15 $1.89 $1.82 $1.78 $1.55 $1.30 $2.07 $1.91
Tangible Book Value per Share		 $1.59 $1.44 $0.98 $1.01 $0.75 $0.65 $0.61 $0.38 $0.12 $0.90 $0.73
Total Capital		 248 234 196 198 206 195 191 172 149 183 168
Total Debt		 0.00 0.00 0.00 0.00 32 33 33 34 35 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 32 33 33 34 35 0.00 0.00
Net Debt		 -146 -142 -111 -114 -136 -128 -122 -121 -127 -133 -112
Capital Expenditures (CapEx)		 0.77 0.76 2.08 0.89 1.31 1.26 1.03 1.22 0.79 0.31 0.26
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -27 -43 -35 -30 -39 -46 -48 -47 -56 -58 -52
Debt-free Net Working Capital (DFNWC)		 104 84 62 71 116 104 95 96 92 63 49
Net Working Capital (NWC)		 104 84 62 71 116 104 95 96 92 63 49
Net Nonoperating Expense (NNE)		 -1.04 -1.48 13 -0.79 22 -5.29 5.08 19 17 -5.37 8.04
Net Nonoperating Obligations (NNO)		 -146 -142 -111 -114 -136 -128 -122 -121 -127 -133 -112
Total Depreciation and Amortization (D&A)		 2.00 2.00 1.98 1.93 1.90 1.93 1.90 2.22 2.18 2.08 6.59
Debt-free, Cash-free Net Working Capital to Revenue		 -2.88% -4.50% -3.74% -3.13% -4.03% -4.58% -5.97% -5.97% -7.22% -5.58% -5.00%
Debt-free Net Working Capital to Revenue		 10.97% 8.79% 6.61% 7.42% 11.99% 10.44% 11.99% 12.24% 11.87% 6.06% 4.72%
Net Working Capital to Revenue		 10.97% 8.79% 6.61% 7.42% 11.99% 10.44% 11.99% 12.24% 11.87% 6.06% 4.72%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.06) ($0.18) ($0.50) ($0.02) ($0.33) ($0.06) ($0.07) ($0.27) ($0.29) $0.80 ($0.19)
Adjusted Weighted Average Basic Shares Outstanding		 88.71M 91.54M 91.42M 91.83M 89.17M 88.74M 88.74M 88.71M 88.82M 88.22M 90.91M
Adjusted Diluted Earnings per Share		 ($0.06) ($0.18) ($0.50) ($0.02) ($0.33) ($0.06) ($0.07) ($0.27) ($0.29) $0.80 ($0.19)
Adjusted Weighted Average Diluted Shares Outstanding		 88.71M 91.54M 91.42M 91.83M 89.17M 88.74M 88.74M 88.71M 88.82M 88.22M 90.91M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 88.71M 91.54M 91.42M 91.83M 89.17M 88.74M 88.74M 88.71M 88.82M 88.22M 90.91M
Normalized Net Operating Profit after Tax (NOPAT)		 -6.02 -16 -17 -2.15 -5.19 -11 -7.49 -3.66 -5.31 70 -24
Normalized NOPAT Margin		 -2.39% -7.56% -8.29% -0.75% -1.95% -4.55% 0.00% -1.35% -2.02% 13.95% 0.00%
Pre Tax Income Margin		 -2.78% -10.05% -20.22% -0.56% -10.31% -2.61% 0.00% -8.34% -9.49% 15.63% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -2,205.25 0.00 -5,923.43 -524.71 -18.89 0.00 -3.98 -14.56 -16.59 0.00 -5,837.00
NOPAT to Interest Expense		 -1,543.68 0.00 -4,146.40 -367.30 -3.56 0.00 -2.45 -2.51 -4.74 0.00 -4,085.90
EBIT Less CapEx to Interest Expense		 -2,396.75 0.00 -6,220.71 -651.29 -19.78 0.00 -4.32 -15.35 -17.09 0.00 -5,880.17
NOPAT Less CapEx to Interest Expense		 -1,735.18 0.00 -4,443.69 -493.87 -4.45 0.00 -2.79 -3.29 -5.24 0.00 -4,129.07
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -17.84% -9.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -17.84% -9.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Douglas Elliman (NYSE:DOUG) continues to show a mixed financial picture heading into Q1 2026. The company ended the quarter with a strong cash balance, but it also posted a sizable operating loss and negative operating cash flow. Over the last several years, the trend has been uneven: 2024 showed significant losses and cash burn, 2025 briefly improved with a profitable fourth quarter, but the most recent quarter returned to losses.

  • Cash and equivalents were strong at $96.0 million in Q1 2026, giving the company a meaningful liquidity cushion despite the quarterly loss.
  • Total current assets of $151.2 million exceeded current liabilities of $102.4 million, suggesting Douglas Elliman still had near-term balance sheet flexibility.
  • Net income improved sharply in Q4 2025, when the company reported $162.0 million of net income attributable to common shareholders, showing that profitability is possible in favorable periods.
  • Operating revenue in 2025 remained well above 2024 levels in the reported quarters, with Q2 and Q3 2025 revenue both around $263 million to $271 million versus $200 million in Q1 2024.
  • Douglas Elliman’s balance sheet is asset-heavy, with large noncurrent assets including goodwill, intangibles, and other noncurrent operating assets. That can support operations, but it also adds complexity and potential impairment risk.
  • Share count has declined modestly from 2024 to 2026, which can help per-share results over time if earnings improve.
  • Debt appears manageable relative to assets, but most of the company’s liabilities are tied to operating obligations rather than simple short-term borrowing.
  • Quarterly results remain highly volatile, with swings from losses to strong profits depending on revenue mix, expense levels, and other income items.
  • Q1 2026 revenue was reported at $0, while operating expenses remained high at $85.9 million, resulting in an operating loss of $35.0 million. That is a major red flag if it reflects the underlying run rate.
  • Q1 2026 cash from operations was negative $19.3 million, indicating the business burned cash during the quarter.
  • Retained earnings remained deeply negative at $124.9 million in Q1 2026, reflecting a long history of accumulated losses.
  • Other current liabilities were very large at $90.8 million in Q1 2026, which may pressure liquidity if operating performance remains weak.
  • After a profitable Q4 2025, Q1 2026 reverted to a net loss of $83.4 million attributable to common shareholders, underscoring the lack of consistency in earnings.
  • Cash declined from $143.0 million in Q3 2025 to $96.0 million in Q1 2026, showing that the balance sheet cushion has been shrinking.

Bottom line: Douglas Elliman has enough liquidity to remain operational in the near term, and it showed that profitability is possible in late 2025. But the latest quarter was weak, with no revenue reported, negative operating cash flow, and a large loss. For retail investors, the key questions are whether the Q1 2026 revenue figure is an anomaly or a sign of a serious business disruption, and whether the company can stabilize earnings and cash flow before its cash cushion erodes further.

07/19/26 12:49 AM ETAI Generated. May Contain Errors.

Douglas Elliman Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Douglas Elliman's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Douglas Elliman's net income appears to be on an upward trend, with a most recent value of $14.31 million in 2025, rising from $8.46 million in 2019. The previous period was -$77.00 million in 2024. Check out Douglas Elliman's forecast to explore projected trends and price targets.

Douglas Elliman's total operating income in 2025 was $45.48 million, based on the following breakdown:
  • Total Gross Profit: $190.36 million
  • Total Operating Expenses: $144.88 million

Over the last 6 years, Douglas Elliman's total revenue changed from $784.11 million in 2019 to $1.03 billion in 2025, a change of 31.7%.

Douglas Elliman's total liabilities were at $261.13 million at the end of 2025, a 21.2% decrease from 2024, and a 10.1% decrease since 2020.

In the past 5 years, Douglas Elliman's cash and equivalents has ranged from $94.42 million in 2020 to $211.62 million in 2021, and is currently $115.51 million as of their latest financial filing in 2025.

Over the last 6 years, Douglas Elliman's book value per share changed from 0.00 in 2019 to 2.07 in 2025, a change of 207.1%.


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Financial statements for NYSE:DOUG last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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