NYSE$DOUG
Douglas Elliman Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Douglas Elliman Inc. reported a net loss of $22.7 million for the second quarter ended June 30, 2025.
The company recorded total revenues of $271.4 million for Q2 2025, a decline from $285.8 million in the prior-year quarter, primarily due to lower existing home sales. It reported an operating loss of $5.5 million and a net loss of $22.7 million, or $0.27 per share, impacted by a $17.0 million loss from changes in the fair value of embedded derivatives. Cash and cash equivalents stood at $136.3 million with total assets of $489.0 million at quarter end.
- Revenues declined 5% year-over-year to $271.4 million driven by reduced commissions from existing home sales.
- Net loss widened to $22.7 million due to a $17.0 million non-cash loss on embedded derivatives in convertible debt.
- Real estate agent commissions expense fell to $204.6 million, maintaining a commission ratio of 75.4% of revenues.
- The company ended the quarter with $136.3 million in cash and cash equivalents and no income tax expense due to a full valuation allowance on deferred tax assets.
Headline financials
Revenue & EPS history
Douglas Elliman · Revenue · Quarterly
$271M
Revenue by segment
Douglas Elliman · $271M total across 3 segments · Q2 2025
- Commissions and other brokerage income$258M—95.1%
- Property management$10.5M—3.9%
- Other ancillary services$2.89M—1.1%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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