Douglas Elliman Inc
NYSE:DOUG
Douglas Elliman Inc
Douglas Elliman Inc. is an independent residential real estate brokerage firm. The company is headquartered in Miami, Florida and currently employs 930 full-time employees. The company went IPO on 2021-12-17. The firm is involved in residential brokerage in the New York metropolitan area, which includes New York City, Long Island, Westchester and the Hamptons, and the United States. The company also operates property management, title and escrow companies, among other ancillary services. The firm is also engaged in the management of cooperative, condominium and rental apartment buildings though its subsidiary, Residential Management Group, LLC, which conducts business as Douglas Elliman Property Management. Residential Management Group provides a full range of fee-based management services for approximately 360 properties representing approximately 56,500 units in New York City, Nassau County, Long Island City and Westchester County. The company is also engaged in the provision of title insurance services through its subsidiary DE Title Services.
Douglas Elliman Inc. is an independent residential real estate brokerage firm. The company is headquartered in Miami, Florida and currently employs 930 full-time employees. The company went IPO on 2021-12-17. The firm is involved in residential brokerage in the New York metropolitan area, which includes New York City, Long Island, Westchester and the Hamptons, and the United States. The company also operates property management, title and escrow companies, among other ancillary services. The firm is also engaged in the management of cooperative, condominium and rental apartment buildings though its subsidiary, Residential Management Group, LLC, which conducts business as Douglas Elliman Property Management. Residential Management Group provides a full range of fee-based management services for approximately 360 properties representing approximately 56,500 units in New York City, Nassau County, Long Island City and Westchester County. The company is also engaged in the provision of title insurance services through its subsidiary DE Title Services.
Revenue Growth: Revenues for the first 9 months of 2025 increased by 5% year-over-year to $787.6 million, with a notable lift from development marketing.
Profitability Progress: Operating loss for the first 9 months narrowed sharply to $21.5 million from $52.6 million the prior year, showing significant improvement.
Balance Sheet Strength: Company ended October 2025 with $126.5 million in cash and no debt, after selling its property management division and redeeming all convertible notes.
Luxury Segment Focus: Douglas Elliman is doubling down on its luxury brokerage strategy, accelerating international expansion—especially with new operations in France and Monaco.
AI & Technology Investments: New AI-powered agent tools and tech platforms launched in 2025 are aimed at enhancing agent productivity and client service.
Luxury Market Momentum: Average price per transaction rose to $1.87 million year-to-date; high-end sales (over $5M and $10M) increased by double digits.
Outlook: Management expects the benefits of 2025's investments to carry into 2026, supporting a new phase of growth.
