Filing Flows › Douglas Elliman (DOUG) › Q3 2026 › vs Q2 2026
Douglas Elliman (DOUG) Q3 2026 vs Q2 2026 (quarter over quarter)
Douglas Elliman's revenue fell $31.4M (-11%) from $283M in Q2 2026 to $252M in Q3 2026. The biggest changes: Commissions and other brokerage income −$31.0M (-11%); Other ancillary services −$388K (-12%). Operating margin 2.5% against -1.2% (+3.7 pts).
Douglas Elliman, Q3 2026: revenue $252M (-4% year over year), operating margin 2.5%, net earnings $7.4M, operating cash flow $16.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 2.5% | -1.2% | +3.7 pts |
| Net margin | 2.9% | -1.0% | +3.9 pts |
| Free cash flow margin | 6.5% | 3.9% | +2.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Commission and other brokerage income - existing home sales | $240M | $262M | −$21.5M | -8% |
| Commission and other brokerage income - development marketing | $9.0M | $18.4M | −$9.4M | -51% |
| Commissions and other brokerage income | $249M | $280M | −$31.0M | -11% |
| Other ancillary services | $2.9M | $3.2M | −$388K | -12% |
| Revenue | $252M | $283M | −$31.4M | -11% |
| Operating profit | $6.3M | −$3.4M | $9.7M | — |
| Costs & expenses | $246M | $287M | −$41.1M | -14% |
| Pre-tax earnings | $6.8M | −$2.7M | $9.5M | — |
| Sales & marketing | $20.0M | $19.7M | $252K | +1% |
| General & admin | $1.5M | $17.8M | −$16.3M | -92% |
| Other operating costs | $224M | $249M | −$25.0M | -10% |
| Income tax benefit | $678K | $0 | $678K | — |
| Net earnings | $7.4M | −$2.7M | $10.2M | — |
| Depreciation & amortization | $2.0M | $2.0M | −$15K | -0.8% |
| Share-based compensation | $1.8M | $1.7M | $159K | +10% |
| Working capital & other | $5.5M | $10.7M | −$5.2M | -49% |
| Operating cash flow | $16.7M | $11.6M | $5.1M | +44% |
| Free cash flow (OCF − capex) | $16.3M | $10.9M | $5.4M | +49% |
| Capital expenditures | $376K | $684K | −$308K | -45% |
Questions
How much did Douglas Elliman's revenue grow quarter over quarter in Q3 2026?
Douglas Elliman's revenue fell $31.4M (-11%) from $283M in Q2 2026 to $252M in Q3 2026.
What drove Douglas Elliman's revenue change in Q3 2026?
Commissions and other brokerage income −$31.0M (-11%); Other ancillary services −$388K (-12%).