Douglas Elliman Inc. (DOUG) AI Stock Analysis

• Market Cap: $223.54M
• Dividend Yield: N/A
• Average Volume (3M): 430.17K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: 6.62%
• EPS Growth: 30.94%
• Country: US
• Employees: 783
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.00
• Shares Outstanding: 88,708,100
• 10 Day Avg. Volume: 374,911
• 30 Day Avg. Volume: 430,165
• PEG Ratio: -0.02
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.14
• P/FCF Ratio: -4.43
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 0.23
• Enterprise Value/Gross Profit: 0.47
• Enterprise Value/Ebitda: -4.73
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.1
• Revenue Forecast (FY): $1.15B

• Rating: 51 Neutral
• Price Target: $2.50 ▼(-0.79% Downside)

Douglas Elliman Inc. faces significant challenges with profitability and cash flow, reflected in its financial performance and valuation scores. Despite strategic initiatives and some revenue growth, technical indicators and valuation metrics suggest caution. The earnings call provided mixed insights, with notable growth in high-value transactions but also highlighted economic pressures impacting performance.

Douglas Elliman Inc. Business Overview & Revenue Model

Company Description

Douglas Elliman Inc. (DOUG) is a leading real estate services company based in the United States, primarily operating in high-end residential real estate brokerage. The company offers a wide range of services including property sales, rentals, and property management across various markets, with a strong presence in New York City and other major metropolitan areas. Douglas Elliman is known for its luxury real estate listings and has established a reputation for providing expert guidance and personalized service to clients in the buying, selling, and leasing processes.

How the Company Makes Money

Douglas Elliman generates revenue primarily through commissions earned from real estate transactions. When agents successfully close a sale or rental, the company takes a percentage of the commission, which is typically around 5% to 6% of the sale price, although this can vary. In addition to brokerage commissions, Douglas Elliman also earns income from property management services, where it manages residential properties on behalf of owners for a fee. The company may also benefit from partnerships with mortgage lenders and other service providers, which can lead to referral fees and additional revenue streams. Furthermore, Douglas Elliman's strong brand presence and marketing prowess enable them to attract high-value listings, enhancing their overall revenue potential.

Douglas Elliman Inc. Financial Statement Overview

Summary

Douglas Elliman Inc. shows mixed financial performance with revenue growth and margin improvements, yet profitability remains a challenge. The balance sheet indicates increased leverage and reduced equity, while cash flow issues persist.

Income Statement

Douglas Elliman Inc. shows a mixed financial performance with recent challenges. The company experienced a slight revenue increase of 4.19% from 2023 to 2024, yet it remains below its 2021 peak. Gross profit margin improved significantly, indicating better cost management, climbing from 18.71% in 2023 to 92.93% in 2024. However, net profit margin is negative, reflecting ongoing profitability issues. EBIT margin turned positive, improving from -6.75% in 2023 to 72.82% in 2024, but EBITDA remains negative, pointing to underlying operational challenges.

Balance Sheet

The balance sheet reflects a stable yet cautious outlook. The debt-to-equity ratio increased to 1.15 in 2024 from 0.57 in 2023, suggesting higher leverage. Return on equity remains negative at -47.47%, indicating profitability challenges. The equity ratio dropped to 32.83% in 2024, down from 47.29% in 2023, highlighting a shift towards greater liabilities. The company retains a decent cash position, though with a reduced equity base.

Cash Flow

Cash flow analysis shows operational weaknesses. Operating cash flow remains negative, although slightly improved from 2023. Free cash flow growth is negative, though the decline slowed, indicating cautious progress. Operating cash flow to net income ratio indicates cash generation issues, while the free cash flow to net income ratio remains unfavorable, pointing to ongoing cash management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.03B	995.63M	955.58M	1.15B	1.35B	773.99M
Gross Profit	505.01M	251.81M	955.58M	316.37M	1.35B	773.99M
EBITDA	-49.91M	-65.21M	-54.09M	3.47M	110.66M	39.38M
Net Income	-62.13M	-76.32M	-42.55M	-5.62M	98.84M	-46.37M
Balance Sheet
Total Assets	489.00M	493.89M	493.42M	550.40M	595.17M	453.98M
Cash, Cash Equivalents and Short-Term Investments	136.33M	145.46M	119.81M	163.86M	211.62M	94.42M
Total Debt	147.09M	156.28M	132.94M	142.84M	164.87M	192.47M
Total Liabilities	351.41M	331.46M	259.26M	279.94M	313.30M	290.39M
Stockholders Equity	137.60M	162.19M	233.23M	268.92M	279.93M	163.59M
Cash Flow
Free Cash Flow	-9.78M	-31.50M	-36.56M	-23.28M	123.72M	25.74M
Operating Cash Flow	-4.96M	-25.96M	-30.41M	-14.74M	127.83M	31.86M
Investing Cash Flow	1.39M	-6.79M	-5.24M	-12.74M	-8.86M	-4.09M
Financing Cash Flow	45.38M	45.45M	-6.21M	-30.00M	3.20M	-143.00K

Douglas Elliman Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DOUG, the sentiment is Negative. The current price of 2.52 is below the 20-day moving average (MA) of 2.55, below the 50-day MA of 2.71, and above the 200-day MA of 2.29, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 41.31 is Neutral, neither overbought nor oversold. The STOCH value of 36.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DOUG.

Douglas Elliman Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REAX	70 Outperform	$788.70M	―	-25.27%	―	65.60%	69.72%
EXPI	67 Neutral	$1.53B	―	-12.78%	2.06%	3.55%	-36.05%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
RMAX	64 Neutral	$251.14M	12.54	2.87%	―	-6.06%	―
NMRK	59 Neutral	$3.04B	29.99	7.36%	0.66%	22.17%	94.52%
HOUS	58 Neutral	$1.30B	-9.78	-8.15%	―	5.27%	25.71%
DOUG	51 Neutral	$223.54M	―	-41.11%	―	6.62%	30.94%

Douglas Elliman Inc. Corporate Events

Douglas Elliman Sells Property Management Business

On October 24, 2025, Douglas Elliman Inc. completed the sale of its property management business, Douglas Elliman Property Management (DEPM), to PMG Holdings, Inc. for $85 million. This transaction allowed the company to repay and redeem its senior secured convertible promissory notes for $95 million, resulting in approximately $130 million of unrestricted cash and cash equivalents. The sale marks a strategic shift in the company’s operations, as DEPM’s financial results will no longer be included in Douglas Elliman’s consolidated financial statements, potentially impacting stakeholders and altering the company’s market positioning.

The most recent analyst rating on (DOUG) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Douglas Elliman Inc. stock, see the DOUG Stock Forecast page.

Douglas Elliman Inc. Reports Strong First Half 2025

Douglas Elliman Inc. is a leading residential brokerage company in the United States, specializing in luxury real estate and offering a range of services including property management and development marketing. The company also invests in innovative property technology solutions.

Douglas Elliman’s Earnings Call: Mixed Results Amid Growth

The recent earnings call for Douglas Elliman Inc. painted a picture of mixed financial performance. While the company showcased strong growth in specific areas like luxury home sales and development marketing, these were counterbalanced by declines in second-quarter revenue and increased net losses, largely attributed to external economic pressures.