NYSE$DOUG

Douglas Elliman Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Updated financial results for the first quarter of 2023, reflecting changes to real estate agent commission expense.

Douglas Elliman Inc. reported a decrease in revenue to $214.0 million compared to $308.9 million in the first quarter of 2022. The company recorded an operating loss of $23.8 million and a net loss of $17.6 million, or $0.23 per diluted common share.

  • Revenues for the first quarter of 2023 were $214.0 million, a decrease from $308.9 million in the first quarter of 2022.
  • The company recorded an operating loss of $23.8 million for the first quarter of 2023, compared to an operating income of $7.9 million for the first quarter of 2022.
  • Net loss attributed to Douglas Elliman for the first quarter of 2023 was $17.6 million, or $0.23 per diluted common share.
  • Adjusted EBITDA attributed to Douglas Elliman was a loss of $17.6 million for the first quarter of 2023.

Headline financials

Total Revenue

$214M

Previous: $309M-30.7%
EPS (adj)

-$0.18

Previous: $0.08-326.3%
Gross transaction value

$7.3B

Previous: $11.7B-37.6%
Capital Expenditures

-$3.63M

Previous: -$849K-327.2%
Free Cash Flow

-$21.3M

Previous: $5.66M-475.4%
Net Income

-$17.6M

Previous: $6.51M-370.7%
Operating Income

-$23.8M

Previous: $7.88M-402.2%
Gross Profit

$213M

Previous: $309M-31.2%
Cash & Equivalents

$124M

Previous: $204M-39.3%
Total Assets

$517M

Previous: $588M-12.1%
Stock-Based Comp

$2.82M

Previous: $2.65M+6.4%

Revenue & EPS history

Douglas Elliman · Revenue · Quarterly

$214M

Q1 2023-30.7%vs Q1 2022
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

Douglas Elliman · $214M total across 3 segments · Q1 2023

  • Brokerage income
    $202M
  • Property mgmt
    $8.78M
  • Ancillary services
    $3.17M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-4.5%

Avg return

Earnings day

-6.8%

Avg return

5 days after

-5.1%

Avg return

30 days after

41%

9 / 22 earnings

Positive

+11.0%

Q2 2023

Best reaction

-26.5%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-11.5%-24.4%-16.7%
Q4 2025-26.5%-31.0%-27.6%
Q3 2025-0.4%-1.2%+8.1%
Q1 2025+8.6%+16.9%+53.4%
Q4 2024+3.0%+15.2%-3.7%
Q3 2024+1.0%-2.6%+25.4%
Q2 2024-14.0%-11.6%-24.2%
Q1 2024-16.3%-20.6%-22.0%
Q4 2023+2.8%-3.9%-11.2%
Q3 2023+0.6%-10.1%+29.8%
Q2 2023+11.0%+12.4%+19.1%
Q1 2023-1.4%+3.0%-9.5%
Q4 2022-19.0%-25.9%-28.3%
Q3 2021-13.3%-20.8%-6.3%
Q3 2022-9.7%-17.7%-7.3%
Q2 2022-8.6%-10.2%-25.2%
Q1 2021-3.4%-0.7%-6.6%
Q1 2022-3.2%+0.5%-4.7%
Q4 2020+0.9%-2.6%-17.1%
Q4 2019+0.9%-2.6%-17.1%
Q2 2021+0.9%-2.6%-17.1%
Q4 2021-0.6%-8.8%-3.2%
Q3 2020
Q2 2020
Q1 2020

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