Filing Flows › Douglas Elliman (DOUG) › Q3 2026 › vs Q3 2025
Douglas Elliman (DOUG) Q3 2026 vs Q3 2025 (year over year)
Douglas Elliman's revenue fell $10.7M (-4%) from $263M in Q3 2025 to $252M in Q3 2026. The biggest changes: Commissions and other brokerage income −$1.1M (-0.4%); Other ancillary services −$188K (-6%). Operating margin 2.5% against -4.1% (+6.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 2.5% | -4.1% | +6.6 pts |
| Net margin | 2.9% | -9.5% | +12.4 pts |
| Free cash flow margin | 6.5% | 1.8% | +4.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Commission and other brokerage income - existing home sales | $240M | $226M | $14.0M | +6% |
| Commission and other brokerage income - development marketing | $9.0M | $24.1M | −$15.1M | -63% |
| Commissions and other brokerage income | $249M | $250M | −$1.1M | -0.4% |
| Other ancillary services | $2.9M | $3.0M | −$188K | -6% |
| Revenue | $252M | $263M | −$10.7M | -4% |
| Operating profit | $6.3M | −$10.7M | $17.0M | — |
| Costs & expenses | $246M | $273M | −$27.7M | -10% |
| Pre-tax earnings | $6.8M | −$24.9M | $31.7M | — |
| Sales & marketing | $20.0M | $19.7M | $272K | +1% |
| General & admin | $1.5M | $32.2M | −$30.8M | -95% |
| Other operating costs | $224M | $222M | $2.8M | +1% |
| Income tax benefit | $678K | −$11K | $689K | — |
| Net earnings | $7.4M | −$24.9M | $32.4M | — |
| Depreciation & amortization | $2.0M | $2.2M | −$209K | -10% |
| Share-based compensation | $1.8M | $2.2M | −$349K | -16% |
| Working capital & other | $5.5M | $26.1M | −$20.6M | -79% |
| Operating cash flow | $16.7M | $5.5M | $11.2M | +205% |
| Free cash flow (OCF − capex) | $16.3M | $4.7M | $11.6M | +248% |
| Capital expenditures | $376K | $790K | −$414K | -52% |
Questions
How much did Douglas Elliman's revenue grow year over year in Q3 2026?
Douglas Elliman's revenue fell $10.7M (-4%) from $263M in Q3 2025 to $252M in Q3 2026.
What drove Douglas Elliman's revenue change in Q3 2026?
Commissions and other brokerage income −$1.1M (-0.4%); Other ancillary services −$188K (-6%).