Filing Flows › Douglas Elliman (DOUG) › Q4 2024
Douglas Elliman (DOUG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
Douglas Elliman (DOUG) reported revenue of $243M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and -9% from the quarter before. Operating margin was -6.7%, net loss $6.1M (2.5% of revenue).
Douglas Elliman, Q4 2024: revenue $243M (+14% year over year), operating margin -6.7%, net loss $6.1M, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $243M | -9% | +14% |
| Operating profit | −$16.3M | — | — |
| Net earnings | −$6.1M | — | — |
| Operating cash flow | −$9.0M | — | — |
What changed
Revenue was $243.3M in Q4 2024, up 14% year over year and down 9% from the previous quarter. Commission and other brokerage income - existing home sales was the largest line at 85% of revenue.
Operating costs exceeded revenue by $16.3M, an operating margin of -6.7%. Total costs grew 9% against revenue growth of 14%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $6.1M, narrower than the previous quarter's $27.4M loss. Non-operating items added $9.9M, -156% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.0M. Non-cash charges added back $1.9M of depreciation and amortization. Working capital and other items used $4.8M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$10.2M.
Questions
What was Douglas Elliman's revenue in the fourth quarter 2024?
Douglas Elliman (DOUG) reported revenue of $243M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and -9% from the quarter before.
Was Douglas Elliman profitable in the fourth quarter 2024?
Operating loss was $16.3M (-6.7% of revenue) and net loss $6.1M.
Source: Douglas Elliman 10-K on SEC EDGAR.