---
title: "Douglas Elliman | 8-K: FY2026 Q1 Revenue: USD 214.33 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285774593.md"
datetime: "2026-05-08T20:47:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285774593.md)
  - [en](https://longbridge.com/en/news/285774593.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285774593.md)
---

# Douglas Elliman | 8-K: FY2026 Q1 Revenue: USD 214.33 M

Revenue: As of FY2026 Q1, the actual value is USD 214.33 M.

EPS: As of FY2026 Q1, the actual value is USD -0.19.

EBIT: As of FY2026 Q1, the actual value is USD -18.4 M.

#### First Quarter 2026 Financial Highlights

Douglas Elliman Inc. reported total revenues of $214.3 million for the first quarter of 2026, a decrease from $253.4 million in the first quarter of 2025, partly due to a strong comparable first quarter in 2025 and the October 2025 disposition of Douglas Elliman Property Management, which contributed $9.5 million to first quarter 2025 revenue. Excluding property management revenues, 2025 revenues were $243.9 million for the first quarter.

##### Revenue Breakdown (in thousands)

-   **Commissions and other brokerage income:** $211,881 in Q1 2026, compared to $241,143 in Q1 2025.
-   **Property management:** $0 in Q1 2026, compared to $9,492 in Q1 2025.
-   **Other ancillary services:** $2,452 in Q1 2026, compared to $2,768 in Q1 2025.

#### Operational Metrics

-   **Operating loss:** -$17.5 million in Q1 2026, compared to -$5.3 million in Q1 2025.
-   **Net loss attributed to Douglas Elliman Inc.:** -$16.3 million in Q1 2026, compared to -$6.0 million in Q1 2025.
-   **Net loss per diluted common share:** -$0.19 in Q1 2026, compared to -$0.07 in Q1 2025.
-   **Adjusted EBITDA attributed to Douglas Elliman Inc.:** -$10.4 million for Q1 2026, compared to -$0.9 million for Q1 2025.
-   **Adjusted Net Loss attributed to Douglas Elliman Inc.:** -$12.4 million or -$0.14 per diluted share for Q1 2026, compared to -$4.3 million or -$0.05 per diluted share for Q1 2025.

##### Expenses Breakdown (in thousands)

-   **Real estate agent commissions:** $167,391 in Q1 2026, compared to $186,525 in Q1 2025.
-   **Sales and marketing:** $17,737 in Q1 2026, compared to $19,739 in Q1 2025.
-   **Operations and support:** $16,240 in Q1 2026, compared to $17,728 in Q1 2025.
-   **General and administrative:** $23,192 in Q1 2026, compared to $27,325 in Q1 2025.
-   **Technology:** $5,238 in Q1 2026, compared to $5,535 in Q1 2025.
-   **Depreciation and amortization:** $1,999 in Q1 2026, compared to $1,900 in Q1 2025.
-   **Restructuring:** $47 in Q1 2026, compared to $0 in Q1 2025.

#### Unique Metrics

-   **Gross transaction value:** Approximately $8.6 billion in Q1 2026, compared to $9.9 billion in Q1 2025.
-   **Average price per transaction:** $1.96 million in Q1 2026, compared to $2.02 million in Q1 2025.
-   **Total transactions:** 4,393 in Q1 2026, compared to 4,908 in Q1 2025.
-   **Development marketing pipeline:** Approximately $27.2 billion, with $19.5 billion in Florida alone, and an additional $8.4 billion scheduled to come to market through March 31, 2027.

#### Cash and Debt Position

-   **Cash and cash equivalents:** Approximately $96.0 million as of March 31, 2026.
-   **Long-term debt:** No long-term debt as of March 31, 2026.

#### Outlook

Douglas Elliman Inc. enters the second quarter of 2026 with a strong capital position and a significant development marketing pipeline, despite a year-over-year revenue decline in Q1 2026. Management believes that cost discipline, footprint expansion, and continued investment in technology and brand provide a compelling foundation for accelerated growth as market conditions normalize. The company remains focused on maintaining leadership in luxury residential real estate to deliver long-term stockholder value.

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