Business
Douglas Elliman Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
MIAMI, March 13, 2026--Douglas Elliman Inc. ("Douglas Elliman" or the "Company") (NYSE:DOUG) today announced financial results for the three months and year ended December 31, 2025.
About this update from Douglas Elliman Inc.
[{"type":"text","content":" Company builds momentum on revenue base and continues thoughtful expense reductions, driving meaningful improvement in Net Income to $15.2 million and Adjusted EBITDA for the year ended December 31, 2025","length":203,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI, March 13, 2026--(BUSINESS WIRE)--Douglas Elliman Inc. ("Douglas Elliman" or the "Company") (NYSE:DOUG) today announced financial results for the three months and year ended December 31, 2025.","length":218,"tagName":"p"},{"type":"text","content":""Douglas Elliman delivered solid results in the fourth quarter and for the full year 2025, reflecting the beginning stages of our strategic realignment and continued focus on disciplined financial management," said Michael S. Liebowitz, Chief Executive Officer of Douglas Elliman Inc. "Throughout the year, we took bold steps to strengthen our core business, expand our presence in key luxury markets, and invest in technology, talent, and agent resources. Our entry into new international destinations, the launch of Elliman Capital in Florida and New York, and the addition of experienced leaders to our team have positioned us well for future growth. With our sharpened strategic focus, strengthened financial position, and unwavering commitment to client service, we believe we are poised to capitalize on emerging opportunities and drive long-term value for our clients, agents, and stockholders."","length":922,"tagName":"p"},{"type":"text","content":"Bryant Kirkland, Chief Financial Officer of Douglas Elliman, added, "Our 2025 financial performance demonstrates the early benefits of our decisive actions to enhance profitability and operational efficiency. We reported increased revenue and a meaningful improvement in operating losses compared to the prior year. Our Development Marketing division’s pipeline remains strong, stemming from significant investments made in the business in recent years. Importantly, the sale of our property management business and the redemption of our convertible notes solidified our financial position, with $115.5 million of cash and cash equivalents and no long-term debt at year-end. We are confident that our strong balance sheet, differentiated platform, and enduring brand leadership in the luxury segment will continue to provide competitive adv...