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How Douglas Elliman (DOUG) makes money
Douglas Elliman (DOUG) made $283M of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Commissions and other brokerage income brought in $280M (99%); Other ancillary services brought in $3.2M (1%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Commissions and other brokerage income | $280M | 98.9% | +32% | +9% |
| ↳ Commission and other brokerage income - existing home sales | $262M | 92.3% | +32% | +7% |
| ↳ Commission and other brokerage income - development marketing | $18.4M | 6.5% | +32% | +29% |
| Other ancillary services | $3.2M | 1.1% | +32% | +13% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $283M | 100.0% |
| Operating cash flow | $11.6M | 4.1% |
| Free cash flow | $10.9M | 3.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $283M | +4% |
| Q1 2026 | $214M | -15% |
| Q4 2025 | $245M | +0.9% |
| Q3 2025 | $263M | -1% |
| Q2 2025 | $271M | -5% |
| Q1 2025 | $253M | +27% |
| Q4 2024 | $243M | +14% |
From Douglas Elliman's 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does Douglas Elliman make money?
Douglas Elliman (DOUG) made $283M of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Commissions and other brokerage income brought in $280M (99%); Other ancillary services brought in $3.2M (1%).
What is Douglas Elliman's biggest business?
Commissions and other brokerage income: $280M in the second quarter 2026, 99% of revenue, +9% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.