Filing Flows › Douglas Elliman (DOUG) › Q1 2025
Douglas Elliman (DOUG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Douglas Elliman (DOUG) reported revenue of $253M for the first quarter 2025 (Q1 2025), +27% from a year earlier and +4% from the quarter before. Operating margin was -2.1%, net loss $6.3M (2.5% of revenue).
Douglas Elliman, Q1 2025: revenue $253M (+27% year over year), operating margin -2.1%, net loss $6.3M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $253M | +4% | +27% |
| Operating profit | −$5.3M | — | — |
| Net earnings | −$6.3M | — | — |
| Operating cash flow | −$5.6M | — | — |
What changed
Revenue was $253.4M in Q1 2025, up 27% year over year and up 4% from the previous quarter. Commission and other brokerage income - existing home sales was the largest line at 87% of revenue. Commission and other brokerage income - existing home sales added $38.3M year over year (up 21%), 72% of the total change. Other ancillary services declined 5%.
Operating costs exceeded revenue by $5.3M, an operating margin of -2.1%. Total costs grew 7% against revenue growth of 27%. The quarter ended with a net loss of $6.3M, wider than the previous quarter's $6.1M loss. Minority interests bore $299K of it: to shareholders the quarter was a loss of $6.0M.
Operating cash flow was −$5.6M. Non-cash charges added back $1.9M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $3.3M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$6.7M.
Questions
What was Douglas Elliman's revenue in the first quarter 2025?
Douglas Elliman (DOUG) reported revenue of $253M for the first quarter 2025 (Q1 2025), +27% from a year earlier and +4% from the quarter before.
Was Douglas Elliman profitable in the first quarter 2025?
Operating loss was $5.3M (-2.1% of revenue) and net loss $6.3M.
Source: Douglas Elliman 10-Q on SEC EDGAR.