Douglas Elliman Inc. (DOUG) Income Statement
DOUG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDOUG revenue and net income
Where DOUG's revenue goes
2025Each bar shows an amount and its share of revenue. DOUG kept 1.5% of revenue as net income.
DOUG profit margins
DOUG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.8% | −3.6% | +5.9% | — |
| Gross profit | −31.1% | −18.1% | −25.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DOUG quarterly EPS vs estimates
Douglas Elliman beat the analyst EPS estimate in 2 of the last 7 quarters. Next report: November 3, 2026.
DOUG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03B | $995.6M | $955.6M | $1.15B | $1.35B | $774.0M | $784.1M | $754.1M |
| Cost of revenue | $859.4M | $743.8M | $706.2M | $836.8M | $985.5M | $622.7M | $525.2M | $500.4M |
| Gross profit | $173.6M | $251.8M | $955.6M | $316.4M | $367.6M | $774.0M | $258.9M | $253.7M |
| Research & development | — | $23.4M | $23.8M | $22.8M | $15.3M | $14.9M | $15.2M | $8.8M |
| Sales, general & admin | $191.7M | $200.4M | $209.1M | $217.2M | $170.0M | $140.2M | $173.4M | $164.1M |
| Total operating expenses | $234.4M | $320.6M | $1.02B | $320.9M | $265.5M | $823.3M | $262.4M | $252.2M |
| Operating income | −$60.7M | −$68.8M | −$64.5M | −$4.5M | $102.1M | −$49.3M | −$3.5M | $4.0M |
| Interest income | $4.9M | $5.5M | $5.5M | $1.8M | $83,000 | $190,000 | $600,000 | $387,000 |
| Interest expense | $5.1M | $2.9M | $28,000 | $148,000 | $2.2M | $121.8M | $15.5M | $0 |
| Income before taxes | $17.9M | −$75.9M | −$58.2M | $104,000 | $100.8M | −$46.3M | $8.8M | $5.6M |
| Income taxes | $3.6M | $1.1M | −$15.1M | $6.5M | $2.1M | $44,000 | $354,000 | $400,000 |
| Net income | $15.2M | −$76.3M | −$42.6M | −$5.6M | $98.8M | −$46.4M | $8.5M | $3.7M |
| EBITDA | $31.3M | −$65.2M | −$54.1M | $8.3M | $109.3M | $39.4M | $5.2M | $9.9M |
| EPS (diluted) | $0.26 | −$0.34 | −$0.48 | −$0.09 | $0.75 | −$0.60 | $0.10 | — |
| Gross margin | 16.8% | 25.3% | 100.0% | 27.4% | 27.2% | 100.0% | 33.0% | 33.6% |
| Operating margin | −5.9% | −6.9% | −6.7% | −0.4% | 7.5% | −6.4% | −0.4% | 0.5% |
| Net margin | 1.5% | −7.7% | −4.5% | −0.5% | 7.3% | −6.0% | 1.1% | 0.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $283.4M | $214.3M | $245.4M | $262.8M | $271.4M | $253.4M | $243.3M | $266.3M | $285.8M | $200.2M | $214.1M | $251.5M |
| Cost of revenue | $246.0M | $187.6M | $450.8M | $17.6M | $204.6M | $186.5M | $179.2M | $199.1M | $216.5M | $149.0M | $159.4M | $185.8M |
| Gross profit | $37.4M | $26.7M | −$205.3M | $245.3M | $66.8M | $66.9M | $64.1M | $67.2M | $69.3M | $51.2M | $54.7M | $65.7M |
| Research & development | — | — | — | — | $5.8M | $5.5M | $5.8M | $6.0M | $5.4M | $5.8M | $6.0M | $5.6M |
| Sales, general & admin | $37.5M | $40.9M | $25.2M | $51.9M | $46.2M | $47.1M | $57.2M | $47.9M | $47.0M | $48.3M | $52.6M | $49.6M |
| Total operating expenses | $42.1M | $40.3M | $37.9M | $51.9M | $72.3M | $72.2M | $80.4M | $74.6M | $73.0M | $92.7M | $78.3M | $74.5M |
| Operating income | −$4.6M | −$13.6M | −$243.2M | $193.3M | −$5.5M | −$5.3M | −$16.3M | −$7.4M | −$3.7M | −$41.5M | −$23.6M | −$8.8M |
| Interest income | $719,000 | $890,000 | $914,000 | $1.4M | $1.3M | $1.4M | $1.5M | $1.6M | $1.0M | $1.4M | $1.6M | $1.8M |
| Interest expense | $2,000 | $3,000 | $421,000 | $1.6M | $1.5M | $1.5M | $1.5M | $1.5M | $7,000 | $7,000 | $2.1M | $2.1M |
| Income before taxes | −$2.7M | −$16.3M | $71.7M | −$24.9M | −$22.6M | −$6.3M | −$6.3M | −$27.4M | −$1.6M | −$40.5M | −$21.5M | −$7.0M |
| Income taxes | — | — | $3.5M | $11,000 | — | −$6.3M | −$251,000 | — | $173,000 | $1.2M | −$6.5M | −$1.9M |
| Net income | −$2.7M | −$16.3M | $68.6M | −$24.7M | −$22.7M | −$6.0M | −$6.0M | −$27.2M | −$1.7M | −$41.5M | −$14.8M | −$4.9M |
| EBITDA | −$743,000 | −$14.3M | $75.8M | −$22.7M | −$18.9M | −$2.9M | −$2.9M | −$24.1M | −$1.1M | −$38.5M | −$21.1M | −$6.6M |
| EPS (diluted) | −$0.05 | −$0.14 | $0.68 | −$0.29 | −$0.06 | −$0.07 | $0.03 | −$0.08 | −$0.01 | −$0.28 | −$0.18 | −$0.06 |
| Gross margin | 13.2% | 12.5% | −83.6% | 93.3% | 24.6% | 26.4% | 26.3% | 25.2% | 24.2% | 25.6% | 25.6% | 26.1% |
| Operating margin | −1.6% | −6.4% | −99.1% | 73.6% | −2.0% | −2.1% | −6.7% | −2.8% | −1.3% | −20.7% | −11.0% | −3.5% |
| Net margin | −1.0% | −7.6% | 27.9% | −9.4% | −8.4% | −2.4% | −2.5% | −10.2% | −0.6% | −20.7% | −6.9% | −1.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DOUG's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DOUG financial results
In fiscal year 2025 (ended December 31, 2025), Douglas Elliman reported revenue of $1.0 billion, up 3.8% from the year before. It had net income of $15.2 million, a net profit margin of 1.5%. Diluted earnings per share came to $0.26. Over five years revenue grew at an average rate of 5.9% a year.
See the DOUG stock overview for the latest quote and news, or the DOUG chart for price history and technical indicators.
DOUG income statement FAQ
What is Douglas Elliman's annual revenue?
Douglas Elliman reported total revenue of $1.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.8% from $995.6 million the previous year.
Is Douglas Elliman profitable?
Yes. Douglas Elliman reported net income of $15.2 million in fiscal 2025, a net profit margin of 1.5%; its operating margin was −5.9%.
What is Douglas Elliman's gross margin?
Douglas Elliman's gross margin was 16.8% in fiscal 2025: for every $100 of revenue, Douglas Elliman kept $17 after the direct cost of its products and services.
How fast is Douglas Elliman growing?
Revenue grew 5.9% a year on average over the last five fiscal years, from $774.0 million to $1.0 billion.
What are Douglas Elliman's earnings per share?
Douglas Elliman earned $0.26 per diluted share in fiscal 2025, compared with $-0.34 a year earlier.
When will Douglas Elliman report its next earnings?
Douglas Elliman is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does Douglas Elliman's fiscal year end?
Douglas Elliman's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.