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Douglas Elliman (DOUG) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Douglas Elliman (DOUG) Q2 2026 earnings results →
Q2 2026 Revenue up 4% year over year to $283M · 1¢ of every $1 of revenue lost · operating margin -1.2%
Douglas Elliman made $283M in Q2 2026 (+4% Y/Y): Commissions and other brokerage income $280M, Other ancillary services $3.2M. Operating margin -1.2%, net loss $2.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
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What changed this quarter
Revenue was $283.4M in Q2 2026, up 4% year over year and up 32% from the previous quarter. Commission and other brokerage income - existing home sales was the largest line at 92% of revenue. Commission and other brokerage income - existing home sales added $18.0M year over year (up 7%), 149% of the total change.
Operating costs exceeded revenue by $3.4M, an operating margin of -1.2%. Total costs grew 4% against revenue growth of 4%. The quarter ended with a net loss of $2.7M, narrower than the previous quarter's $16.3M loss. Non-operating items added $691K, -25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $11.6M (up 1705% year over year). Non-cash charges added back $2.0M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $10.7M. Capital expenditures of $684K left free cash flow of $10.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $283M | +4% | -1.2% | −$2.7M | $11.6M |
| Q1 2026 | 10-Q | May 11, 2026 | $214M | -15% | -8.2% | −$16.3M | −$19.3M |
| Q4 2025 | 10-K | Mar 16, 2026 | $245M | +0.9% | 27.3% | $68.6M | −$14.4M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $263M | -1% | -4.1% | −$24.9M | $5.5M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $271M | -5% | -2.0% | −$22.6M | $643K |
| Q1 2025 | 10-Q | May 6, 2025 | $253M | +27% | -2.1% | −$6.3M | −$5.6M |
| Q4 2024 | 10-K | Mar 17, 2025 | $243M | +14% | -6.7% | −$6.1M | −$9.0M |
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Douglas Elliman
Douglas Elliman Inc. is a holding company that, through its subsidiaries, is engaged in the real estate services business. Douglas Elliman owns Douglas Elliman Realty, LLC, one of the largest residential brokerage companies in the New York metropolitan area, which includes New York City, Long Island, the Hamptons, Westchester, Connecticut and New Jersey, and also conducts operations in Florida, California, Texas, Colorado, Nevada, Massachusetts, Maryland, Virginia, and Washington D.C. We also offer, including through our subsidiaries and ventures, development marketing services and ancillary services, such as mortgage, title and escrow services.
In its own words, from its 10-K, filed Mar 16, 2026.
Douglas Elliman against its Real Estate Agents & Managers (For Others) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +12%. Operating margin: -1.2% against the peers' median 0.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DOUG Douglas Elliman | Q2 2026 | $283M | +4% | -1.2% |
| JLL Jones Lang Lasalle | Q3 2026 | $7.3B | +12% | 5.4% |
| COMP Compass | Q3 2026 | $3.9B | +111% | 2.2% |
| AGNT Agnt | Q3 2026 | $1.4B | +6% | 0.2% |
| VAC Marriott Vacations Worldwide | Q3 2026 | $1.4B | +8% | 11.2% |
| OPEN Opendoor Technologies | Q3 2026 | $1.0B | +12% | -18.3% |
| NMRK Newmark Group | Q3 2026 | $973M | +13% | 8.8% |
| REAX Real Remax Group | Q3 2026 | $728M | +28% | -9.9% |
| MMI Marcus & Millichap | Q3 2026 | $208M | +8% | -0.4% |
Source: Douglas Elliman 10-Q on SEC EDGAR · CIK 1878897 · Real Estate Agents & Managers (For Others)
13F: who owns DOUG and who is buying
More on DOUG
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results