Douglas Elliman Inc. (DOUG)
NYSE:DOUG
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Douglas Elliman Inc.
(NYSE:DOUG)
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Rating:48Neutral
Price Target:
$1.50
▼(-41.63% Downside)
Action:ReiteratedDate:04/01/26
The score is held back primarily by weak cash flow quality (continued negative operating/free cash flow) and bearish technicals (below key moving averages with negative MACD). Offsetting factors include improved leverage/liquidity and a moderate P/E, while the latest earnings call suggests strategic progress but continued underlying losses and near-term demand softness.
Positive Factors
Strengthened balance sheet & liquidity
Ending 2025 cash of roughly $115.5M and elimination of long-term debt materially improve financial flexibility. This reduces interest/ refinancing risk, supports continued investments in hiring, tech and geographic expansion, and gives the firm runway to execute multi-year growth initiatives.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flows indicate the company struggles to convert reported performance into cash. Continued cash burn limits self-funding of growth initiatives, raises reliance on asset sales or external financing, and increases vulnerability to demand downturns despite stronger reported liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened balance sheet & liquidity
Ending 2025 cash of roughly $115.5M and elimination of long-term debt materially improve financial flexibility. This reduces interest/ refinancing risk, supports continued investments in hiring, tech and geographic expansion, and gives the firm runway to execute multi-year growth initiatives.
Read all positive factors
Douglas Elliman Inc. (DOUG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$149.09M
Dividend YieldN/A
Average Volume (3M)289.63K
Price to Earnings (P/E)13.9
Beta (1Y)0.96
Revenue Growth6.62%
EPS Growth30.94%
CountryUS
Employees783
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.17
Shares Outstanding88,217,445
10 Day Avg. Volume314,925
30 Day Avg. Volume289,633
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)1.15
Price to Sales (P/S)0.21
P/FCF Ratio-12.31
Enterprise Value/Market Cap0.89
Enterprise Value/Revenue0.13
Enterprise Value/Gross Profit0.77
Enterprise Value/Ebitda4.24
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 br...
How the Company Makes Money
Douglas Elliman Inc. primarily makes money by earning commissions and fees tied to residential real estate transactions that its agents and brokerage operations facilitate. The core revenue stream is brokerage commission income from representing b...
Douglas Elliman Inc. Key Performance Indicators (KPIs)
Douglas Elliman Inc. Earnings Call Summary
Earnings Call Date:Mar 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Neutral
The call presented a mix of encouraging strategic and financial progress alongside clear near-term operating challenges. Positive elements include revenue growth (3.8% FY), stronger luxury pricing and transaction volume (average price +11.4%; +25% homes >$5M; +28% homes >$10M), a robust $25.3B development pipeline, improved adjusted EBITDA (from -$24.1M to -$14.0M), and a strengthened balance sheet with $115.5M cash and no long-term debt after redeeming convertible notes. Offsetting these positives are continued adjusted losses, deterioration in Q4 adjusted metrics (Q4 adjusted EBITDA worsened), reliance on an $81.7M one-time gain to produce GAAP profitability, Jan–Feb 2026 cash receipts declines (existing home sales -11%, total brokerage -12.4%), expense pressures from inflation and personnel, and notable noncash fair-value volatility. Overall, the company shows tangible progress and strategic positioning but still faces meaningful operational and near-term demand headwinds, making the tone of the call balanced.Positive Updates
Full-Year Revenue Growth
Total revenues for FY2025 increased 3.8% year-over-year to $1.033 billion. Excluding the disposed property management business, revenues rose 4.4% to approximately $1.0 billion (from $958.8 million in 2024).
Negative Updates
Adjusted Results Remain Negative
Despite improvement, adjusted EBITDA for FY2025 was still a loss of $14.0 million (vs. a -$24.1 million loss in 2024). Adjusted net loss for the year was $27.1 million (or $0.32 per share), indicating underlying operations have not yet returned to sustained profitability.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue Growth
Total revenues for FY2025 increased 3.8% year-over-year to $1.033 billion. Excluding the disposed property management business, revenues rose 4.4% to approximately $1.0 billion (from $958.8 million in 2024).
Read all positive updates
Company Guidance
Management's guidance was that 2026 should mark the start of a new growth phase as 2025 investments begin to yield results, with plans to expand into new domestic and international markets, scale services and recruit talent supported by a strengthened balance sheet (cash ≈ $115.5M and no long-term debt after $95M convertible note redemption). Key metrics cited to support that outlook include 2025 revenues of $1.033B (up 3.8% YoY; $1.0B excluding disposed property management, up 4.4%), operating income of $45.5M (vs. a $68.8M loss in 2024), adjusted EBITDA loss improving to $14M (from a $24.1M loss), adjusted net loss $27.1M ($0.32/sh), average price per transaction $1.86M (vs. $1.67M), a $25.3B development-marketing pipeline ($17.5B in Florida) with $7.5B expected to come to market by Dec 2026 (commissions generally to be recognized 2026–2031), and near-term headwinds noted with January–February 2026 existing-home cash receipts down 11% and total brokerage cash receipts down 12.4%.Douglas Elliman Inc. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
63
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.03B | 995.63M | 955.58M | 1.15B | 1.35B |
| Gross Profit | 173.61M | 251.81M | 955.58M | 316.37M | 1.35B |
| EBITDA | 31.32M | -65.21M | -54.09M | 8.26M | 110.66M |
| Net Income | 15.22M | -76.32M | -42.55M | -5.62M | 98.84M |
Balance Sheet | |||||
| Total Assets | 444.41M | 493.89M | 493.42M | 550.40M | 595.17M |
| Cash, Cash Equivalents and Short-Term Investments | 120.23M | 145.46M | 119.81M | 163.86M | 211.62M |
| Total Debt | 102.97M | 156.28M | 132.94M | 142.84M | 164.87M |
| Total Liabilities | 261.13M | 331.46M | 259.26M | 279.94M | 313.30M |
| Stockholders Equity | 183.95M | 162.19M | 233.23M | 268.92M | 279.93M |
Cash Flow | |||||
| Free Cash Flow | -17.23M | -31.50M | -36.56M | -23.28M | 123.72M |
| Operating Cash Flow | -13.88M | -25.96M | -30.41M | -14.74M | 127.83M |
| Investing Cash Flow | 90.46M | -6.79M | -5.24M | -12.74M | -8.86M |
| Financing Cash Flow | -96.09M | 45.45M | -6.21M | -30.00M | 3.20M |
Douglas Elliman Inc. Technical Analysis
Negative
2.57
Price Trends
2.19
Negative
2.36
Negative
2.49
Negative
Market Momentum
-0.17
Negative
34.22
Neutral
38.75
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 2.57 is above the 20-day moving average (MA) of 1.77, above the 50-day MA of 2.19, and above the 200-day MA of 2.49, indicating a bearish trend. The MACD of -0.17 indicates Negative momentum. The RSI at 34.22 is Neutral, neither overbought nor oversold. The STOCH value of 38.75 is Neutral, 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 43 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $532.94M | -48.05 | -17.31% | ― | 65.60% | 69.72% | |
59 Neutral | $190.00M | 18.48 | 1.84% | ― | -6.06% | ― | |
57 Neutral | $954.02M | -63.56 | -10.00% | 2.09% | 5.08% | 41.21% | |
56 Neutral | $2.84B | 24.52 | 8.82% | 0.68% | 22.22% | 94.52% | |
48 Neutral | $149.09M | 13.94 | 10.23% | ― | 6.62% | 30.94% |
* Real Estate Sector Average
DOUG
Douglas Elliman Inc.
1.69
-0.02
-1.17%
RMAX
Re/Max Holdings
5.81
-1.90
-24.64%
EXPI
eXp World Holdings
5.99
-3.42
-36.32%
NMRK
Newmark Group
15.38
4.42
40.34%
REAX
Real Brokerage
2.51
-1.95
-43.72%
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.