Filing Flows › Douglas Elliman (DOUG) › Q1 2026 › vs Q4 2025
Douglas Elliman (DOUG) Q1 2026 vs Q4 2025 (quarter over quarter)
Douglas Elliman's revenue fell $31.1M (-13%) from $245M in Q4 2025 to $214M in Q1 2026. The biggest changes: Commissions and other brokerage income −$28.4M (-12%); Other ancillary services −$470K (-16%).
Douglas Elliman, Q1 2026: revenue $214M (-15% year over year), operating margin -8.2%, net loss $16.3M, operating cash flow −$19.3M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Commission and other brokerage income - existing home sales | $198M | $219M | −$21.6M | -10% |
| Commission and other brokerage income - development marketing | $14.0M | $20.9M | −$6.9M | -33% |
| Commissions and other brokerage income | $212M | $240M | −$28.4M | -12% |
| Other ancillary services | $2.5M | $2.9M | −$470K | -16% |
| Revenue | $214M | $245M | −$31.1M | -13% |
| Other income, net | $1.2M | $4.7M | −$3.5M | -74% |
| Net loss | $16.3M | −$68.2M | $84.4M | — |
| Costs & expenses | $232M | $250M | −$18.3M | -7% |
| Operating costs | $232M | $178M | $53.4M | +30% |
| Sales & marketing | $17.7M | $21.2M | −$3.5M | -16% |
| General & admin | $23.2M | $25.2M | −$2.0M | -8% |
| Other operating costs | $191M | $132M | $58.9M | +45% |
| Operating cash sources | $22.5M | $18.7M | $3.8M | +20% |
| Depreciation & amortization | $2.0M | $2.1M | −$76K | -4% |
| Share-based compensation | $1.2M | $2.3M | −$1.1M | -48% |
| Cash used in operations | $19.3M | $14.4M | $5.0M | +34% |
| Net loss absorbed | $16.3M | −$68.2M | $84.4M | — |
| Working capital & other | $6.2M | $86.9M | −$80.6M | -93% |
Questions
How much did Douglas Elliman's revenue grow quarter over quarter in Q1 2026?
Douglas Elliman's revenue fell $31.1M (-13%) from $245M in Q4 2025 to $214M in Q1 2026.
What drove Douglas Elliman's revenue change in Q1 2026?
Commissions and other brokerage income −$28.4M (-12%); Other ancillary services −$470K (-16%).