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Douglas Elliman Inc. (DOUG)
NYSE:DOUG
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Douglas Elliman Inc.
(NYSE:DOUG)
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Rating:56Neutral
Price Target:
$2.50
▼(-4.21% Downside)
Douglas Elliman Inc. faces significant financial challenges, with profitability and cash flow issues being the most pressing concerns. Technical analysis shows mixed signals, while valuation metrics are weak due to ongoing losses. The earnings call provided some positive strategic developments, but these are overshadowed by recent financial setbacks.
Douglas Elliman Inc. (DOUG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$216.45M
Dividend YieldN/A
Average Volume (3M)537.56K
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue Growth8.64%
EPS Growth1.81%
CountryUS
Employees783
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.06
Shares Outstanding88,708,100
10 Day Avg. Volume466,639
30 Day Avg. Volume537,556
Financial Highlights & Ratios
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 Cap0.93
Enterprise Value/Revenue0.19
Enterprise Value/Gross Profit0.40
Enterprise Value/Ebitda-4.02
Forecast
1Y Price Target
$2.50Price Target Upside-4.21% Downside
Rating ConsensusHold
Number of Analyst Covering1
Douglas Elliman Inc. Business Overview & Revenue Model
Company DescriptionDouglas Elliman Inc. engages in the real estate services and property technology investment business in the United States. It operates in two segments, Real Estate Brokerage, and Corporate and Other. The company conducts residential real estate brokerage operations. It has approximately 100 offices with approximately 6,500 real estate agents in the New York metropolitan areas, as well as in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas. Douglas Elliman Inc. was founded in 1911 and is headquartered in Miami, Florida. Douglas Elliman Inc.(NYSE:DOUG) operates independently of Vector Group Ltd. as of December 29, 2021.
How the Company Makes MoneyDouglas 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. Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a mix of positive achievements and challenges. While the first half of 2025 showed strong revenue growth and strategic initiatives such as Elliman Capital and Elliman International, the second quarter faced setbacks with declining revenue, increased net loss, and economic pressures affecting market activity.Q2-2025 Updates
Positive Updates
Record First Half Revenue
In the first half of 2025, revenues increased by 8% year-over-year to $524.8 million, marking the strongest first half revenue performance since 2022.
Luxury Market Growth
Sales of homes over $5 million increased by 38% in the first half of 2025 compared to the same period in 2024. Additionally, sales of homes over $10 million increased by 32%.
Development Marketing Division Success
The development marketing division's revenue increased to $35.4 million in the first half of 2025, up from $17.7 million in the same period in 2024.
Launch of Elliman Capital and Elliman International
Elliman Capital was launched as an innovative mortgage platform and Elliman International was established to expand service to global markets.
Improved Profitability Metrics
Adjusted EBITDA for the first half of 2025 was $259,000, compared to a loss of $14.7 million in the same period in 2024.
Negative Updates
Second Quarter Revenue Decline
Revenues for the second quarter of 2025 were $271.4 million, a decline from $285.8 million in the second quarter of 2024.
Net Loss in Second Quarter
Net loss for the second quarter of 2025 was $22.7 million compared to a net loss of $1.7 million in the second quarter of 2024.
Impact of Economic Pressures
The second quarter was negatively impacted by economic pressures, including heightened volatility in international financial markets and elevated mortgage rates.
Increased Operating Expenses
Operating expenses increased due to higher compensation and recurring professional fees, partly due to inflationary pressures.
Company Guidance
During the second quarter of 2025 earnings call, Douglas Elliman reported a range of financial metrics, highlighting their strategic progress and challenges. The company's revenues for the first half of 2025 increased by 8% year-over-year to $524.8 million, marking a notable improvement. However, the second quarter alone saw a revenue decline to $271.4 million from $285.8 million in the same period of 2024, largely due to reduced closing transactions in May and early June. Their net loss for the second quarter was $22.7 million, or $0.27 per diluted share, compared to a net loss of $1.7 million or $0.02 per share in 2024. Adjusted EBITDA for the quarter was a loss of $849,000, contrasting with a positive $2.9 million in the previous year. The adjusted net loss was $4.7 million or $0.06 per share compared to $532,000 or $0.01 per share in 2024. Despite challenges, the company achieved significant growth in high-value transactions, with a 38% year-over-year increase in home sales over $5 million for the first half of 2025. Douglas Elliman also announced strategic initiatives, including the launch of Elliman Capital and Elliman International, aimed at diversifying and expanding their service offerings globally.Douglas Elliman Inc. Financial Statement Overview
Summary
Douglas Elliman Inc. is facing profitability and cash flow challenges. Despite modest revenue growth and some margin improvements, net profitability remains elusive. The balance sheet shows increased leverage, and cash flow issues persist, reflecting operational inefficiencies.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.55
Neutral
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.60
Neutral
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.50
Neutral
| 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
Negative
2.61
Price Trends
2.69
Negative
2.64
Negative
2.22
Positive
Market Momentum
-0.05
Positive
36.48
Neutral
6.40
Positive
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 2.61 is below the 20-day moving average (MA) of 2.81, below the 50-day MA of 2.69, and above the 200-day MA of 2.22, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 36.48 is Neutral, neither overbought nor oversold. The STOCH value of 6.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DOUG.
Douglas Elliman Inc. Risk Analysis
Douglas Elliman Inc. disclosed 42 risk factors in its most recent earnings report. Douglas Elliman Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Douglas Elliman Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $767.89M | ― | -31.81% | ― | 72.57% | 65.15% | |
67 Neutral | $1.72B | ― | -12.78% | 1.85% | 3.55% | -36.05% | |
66 Neutral | $3.18B | 42.23 | 6.00% | 0.67% | 16.29% | 69.89% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | $273.75M | 17.84 | 2.21% | ― | -5.21% | ― | |
57 Neutral | $1.09B | ― | -6.89% | ― | 2.74% | -118.94% | |
56 Neutral | $216.45M | ― | -36.97% | ― | 8.64% | 1.81% |
* Real Estate Sector Average
DOUG
Douglas Elliman Inc.
2.44
0.89
57.42%
HOUS
Anywhere Real Estate ate
9.76
5.10
109.44%
RMAX
Re/Max Holdings
8.38
-4.00
-32.31%
EXPI
eXp World Holdings
10.82
-1.68
-13.44%
NMRK
Newmark Group
18.01
3.28
22.27%
REAX
Real Brokerage
3.69
-1.45
-28.21%
Douglas Elliman Inc. Corporate Events
Shareholder Meetings
Douglas Elliman Inc. Holds Annual Stockholder Meeting
Neutral
Jun 26, 2025
On June 25, 2025, Douglas Elliman Inc. held its annual meeting of stockholders where several proposals were voted upon. The meeting resulted in the election of directors, the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for 2025, and an advisory vote on executive compensation, all of which were approved by the stockholders.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.