The sequential improvement from Q1's revenue decline and wider losses signals a potential turnaround in the luxury brokerage business. Monitor next quarter for sustained revenue growth and further margin improvement as the company executes on AI transformation and geographic expansion.
Price Chart
Executive Summary
Douglas Elliman reported Q2 2026 revenue of $283.4M, up 4.5% YoY (8.6% on a comparable basis excluding the disposed property management business). Net loss narrowed sharply to $2.7M ($0.03/share) from $22.7M ($0.27/share) a year ago, and adjusted EBITDA loss improved to $1.0M from $3.6M. The company maintains a strong balance sheet with $105.2M cash and no long-term debt, while gross transaction value rose 5.9% to $10.8B.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $283.4M vs $271.4M YoY, +4.5% reported / +8.6% comparable
- Net loss attributable to Douglas Elliman $2.7M ($0.03/diluted) vs $22.7M ($0.27) YoY
- Operating loss narrowed to $3.4M from $5.5M
- Adjusted EBITDA loss improved to $1.0M from $3.6M
- Gross transaction value $10.8B, +5.9% YoY
- Cash $105.2M, no long-term debt as of June 30, 2026
- Development marketing pipeline $26.1B
Financial Impact
Revenue up 4.5% to $283.4M; net loss improved by $20.0M YoY to $2.7M
Risk Factors
- Still operating at a loss, though narrowing
- Real estate market cyclicality and interest rate sensitivity
- Antitrust litigation settlement expenses ($2.0M in Q1) may recur
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001878897-26-000041 |
| Document: doug-20260807.htm | 0001878897-26-000041 |
| Document: 0001878897-26-000041-index-headers.html | 0001878897-26-000041 |
| Document: 0001878897-26-000041-index.html | 0001878897-26-000041 |
| Document: 0001878897-26-000041.txt | 0001878897-26-000041 |
| 8-K Data (Synthetic) | 0001878897-26-000041 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 11w ago | 8-K | $1.78 | awaiting T+60 | — | $1.60 (−10.11%) |
Jul 16, 2026 14w ago | 8-K | $1.88 $1.52 | ▼ −19.15% | ▼ −23.83% | $1.60 (−14.89%) |
May 8, 2026 24w ago | 8-K | $1.86 $1.75 | ▲ +5.91% | ▲ +10.31% | $1.60 (+13.98%) |
Apr 24, 2026 26w ago | 8-K | $1.89 $1.76 | ▼ −6.88% | ▼ −11.66% | $1.60 (−15.34%) |
US Market Status
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