Filing Flows › Douglas Elliman (DOUG) › Q3 2026
Douglas Elliman (DOUG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Douglas Elliman (DOUG) reported revenue of $252M for the third quarter 2026 (Q3 2026), -4% from a year earlier and -11% from the quarter before. Operating margin was 2.5%, net earnings $7.4M (2.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $252M | -11% | -4% |
| Operating profit | $6.3M | — | — |
| Net earnings | $7.4M | — | — |
| Operating cash flow | $16.7M | +44% | +205% |
| Free cash flow | $16.3M | +49% | +248% |
What changed
Revenue was $252.1M in Q3 2026, down 4% year over year and down 11% from the previous quarter. Commission and other brokerage income - existing home sales was the largest line at 95% of revenue. Commission and other brokerage income - development marketing lost $15.1M year over year (down 63%), 140% of the total change.
Operating profit was $6.3M, a 2.5% margin (up 6.6 points year over year). Total costs fell 10% while revenue fell 4%. Net earnings were $7.4M. The effective tax rate was -10.0%.
Operating cash flow was $16.7M (up 205% year over year), 225% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $5.5M. Capital expenditures of $376K left free cash flow of $16.3M.
Questions
What was Douglas Elliman's revenue in the third quarter 2026?
Douglas Elliman (DOUG) reported revenue of $252M for the third quarter 2026 (Q3 2026), -4% from a year earlier and -11% from the quarter before.
Was Douglas Elliman profitable in the third quarter 2026?
Operating profit was $6.3M (2.5% of revenue) and net earnings $7.4M.
Source: Douglas Elliman 10-Q on SEC EDGAR.