Filing Flows › Douglas Elliman (DOUG) › Q1 2026
Douglas Elliman (DOUG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Douglas Elliman (DOUG) reported revenue of $214M for the first quarter 2026 (Q1 2026), -15% from a year earlier and -13% from the quarter before. Operating margin was -8.2%, net loss $16.3M (7.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $214M | -13% | -15% |
| Operating profit | −$17.5M | -126% | — |
| Net earnings | −$16.3M | -124% | — |
| Operating cash flow | −$19.3M | — | — |
What changed
Revenue was $214.3M in Q1 2026, down 15% year over year and down 13% 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 lost $22.1M year over year (down 10%), 57% of the total change.
Operating costs exceeded revenue by $17.5M, an operating margin of -8.2%. Total costs fell 10% while revenue fell 15%. The quarter ended with a net loss of $16.3M, after a profit of $68.2M the previous quarter.
Operating cash flow was −$19.3M. Non-cash charges added back $2.0M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $6.2M. Capital expenditures of $259K exceeded it, leaving free cash flow of −$19.6M.
Questions
What was Douglas Elliman's revenue in the first quarter 2026?
Douglas Elliman (DOUG) reported revenue of $214M for the first quarter 2026 (Q1 2026), -15% from a year earlier and -13% from the quarter before.
Was Douglas Elliman profitable in the first quarter 2026?
Operating loss was $17.5M (-8.2% of revenue) and net loss $16.3M.
Source: Douglas Elliman 10-Q on SEC EDGAR.