Douglas Elliman Inc. (DOUG) AI Stock Analysis

• Market Cap: $224.71M
• Dividend Yield: N/A
• Average Volume (3M): 289.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.74
• 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: 88,818,970
• 10 Day Avg. Volume: 314,925
• 30 Day Avg. Volume: 289,633
• 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: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: $3.00 ▲(16.73% Upside)

The score is held back primarily by weak financial performance—continued losses and persistently negative operating/free cash flow. Offsetting this are improving business momentum and outlook from the latest earnings call, along with supportive technical trend strength; valuation remains constrained by unprofitability and no dividend yield.

Positive Factors

Revenue momentum and operating loss reduction

Sustained top-line growth with a meaningful cut in operating losses indicates improving operating leverage and execution against cost or mix initiatives. If revenue gains and loss reduction continue, this strengthens the path to consistent profitability and lessens reliance on balance-sheet financing over time.

Balance-sheet strengthening from asset sale

Divesting the property management business and generating meaningful cash reduces operational complexity and materially improves liquidity and flexibility. A stronger cash position and no debt provide durable optionality for investments, M&A, or weathering cyclical downturns in transaction volumes.

Strategic uplift: luxury focus, international expansion, AI

Targeting high-end markets, selective international growth and tech investments (Elli AI) can enhance agent productivity, client experience and average transaction values. These structural moves diversify geographic exposure and create sustainable competitive advantages if adoption and execution remain consistent.

Negative Factors

Persistent negative operating and free cash flow

Sustained cash burn undermines self-funding capacity, forcing reliance on asset sales or external financing for growth or capital needs. Continued negative FCF limits ability to invest in tech, expand agents, or weather market slumps without depleting liquidity or altering capital structure.

Thinner equity cushion and higher leverage

A higher debt-to-equity ratio and reduced equity cushion lower financial resilience against downturns in housing markets. Increased leverage raises refinancing and interest-rate sensitivity and constrains strategic flexibility for acquisitions or buybacks during cyclical stress.

Ongoing unprofitability and volatile earnings

Large revenue swings and persistent net losses reflect sensitivity to transaction volumes and price cycles in residential real estate. Volatile margins reduce predictability of earnings and hinder long-term planning; consistent margin recovery is required to sustain investment and creditworthiness.

Douglas Elliman Inc. Business Overview & Revenue Model

Company Description

Douglas 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 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. is facing profitability and cash flow challenges. While there is modest revenue growth and some margin improvement, 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.

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	469.64M	251.81M	955.58M	316.37M	1.35B	773.99M
EBITDA	-47.41M	-65.21M	-54.09M	8.26M	110.66M	39.38M
Net Income	-59.35M	-76.32M	-42.55M	-5.62M	98.84M	-46.37M
Balance Sheet
Total Assets	480.60M	493.89M	493.42M	550.40M	595.17M	453.98M
Cash, Cash Equivalents and Short-Term Investments	143.00M	145.46M	119.81M	163.86M	211.62M	94.42M
Total Debt	142.82M	156.28M	132.94M	142.84M	164.87M	192.47M
Total Liabilities	365.79M	331.46M	259.26M	279.94M	313.30M	290.39M
Stockholders Equity	115.07M	162.19M	233.23M	268.92M	279.93M	163.59M
Cash Flow
Free Cash Flow	-12.77M	-31.50M	-36.56M	-23.28M	123.72M	25.74M
Operating Cash Flow	-8.47M	-25.96M	-30.41M	-14.74M	127.83M	31.86M
Investing Cash Flow	3.49M	-6.79M	-5.24M	-12.74M	-8.86M	-4.09M
Financing Cash Flow	-1.38M	45.45M	-6.21M	-30.00M	3.20M	-143.00K

Douglas Elliman Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DOUG, the sentiment is Positive. The current price of 2.57 is above the 20-day moving average (MA) of 2.45, above the 50-day MA of 2.52, and above the 200-day MA of 2.45, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 66.88 is Neutral, neither overbought nor oversold. The STOCH value of 79.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DOUG.

Douglas Elliman Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMAX	68 Neutral	$256.69M	13.28	2.87%	―	-6.06%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NMRK	59 Neutral	$3.03B	29.04	8.08%	0.68%	22.22%	94.52%
REAX	58 Neutral	$816.18M	-72.97	-25.27%	―	65.60%	69.72%
DOUG	54 Neutral	$224.71M	-4.02	-41.11%	―	6.62%	30.94%
EXPI	54 Neutral	$1.45B	-73.53	-8.09%	2.09%	5.08%	41.21%
HOUS	51 Neutral	$1.98B	-15.28	-8.15%	―	5.27%	25.71%

Douglas Elliman Inc. Corporate Events

Douglas Elliman Reports Revenue Growth and Strategic Focus

Douglas Elliman Inc. reported a 5% year-over-year revenue growth for the nine months ended September 30, 2025, with improvements in net loss and adjusted EBITDA. The company is focusing on its core luxury residential real estate brokerage business following the sale of its property management division, which is expected to yield a $75 million after-tax gain. Strategic initiatives in 2025, such as international expansion and AI investments, have positioned the company for future growth. Financially, the company strengthened its position by redeeming convertible notes and maintaining a cash balance of $126.5 million with no debt.

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 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.