The sharp YoY decline in revenue and widening losses signal deteriorating brokerage activity. Watch for Q2 2026 guidance and housing market trends; the company's cost discipline and development pipeline may offer a recovery path if market conditions improve.
Price Chart
Executive Summary
Douglas Elliman reported Q1 2026 revenue of $214.3 million, down 15.4% YoY from $253.4 million, and a net loss of $16.3 million ($0.19/share) compared to a $6.0 million loss in Q1 2025. The decline reflects lower commissions and gross transaction value ($8.6B vs $9.9B), partly due to the property management divestiture and a tough prior-year comparison.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $214.3M vs $253.4M in Q1 2025, a 15.4% decline
- Net loss widened to $16.3M from $6.0M, or $0.19 per diluted share vs $0.07
- Operating loss tripled to $17.5M from $5.3M
- Gross transaction value fell 13.1% to $8.6B from $9.9B
- Cash and cash equivalents $96.0M, no long-term debt
Financial Impact
Revenue declined $39.1M YoY; net loss increased $10.3M
Risk Factors
- Continued decline in housing transaction volumes and prices
- Higher agent commission costs pressuring margins
- Ability to retain top agents amid competitive consolidation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001878897-26-000027 |
| Document: doug-20260508.htm | 0001878897-26-000027 |
| Document: 0001878897-26-000027-index-headers.html | 0001878897-26-000027 |
| Document: 0001878897-26-000027-index.html | 0001878897-26-000027 |
| Document: 0001878897-26-000027.txt | 0001878897-26-000027 |
| 8-K Data (Synthetic) | 0001878897-26-000027 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 11w ago | 8-K | $1.78 | awaiting T+60 | — | $1.59 (−10.96%) |
Jul 16, 2026 14w ago | 8-K | $1.88 $1.52 | ▼ −19.15% | ▼ −23.83% | $1.59 (−15.69%) |
May 8, 2026 24w ago | 8-K | $1.86 $1.75 | ▲ +5.91% | ▲ +10.31% | $1.59 (+14.78%) |
Apr 24, 2026 26w ago | 8-K | $1.89 $1.76 | ▼ −6.88% | ▼ −11.66% | $1.59 (−16.14%) |
US Market Status
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