Overview
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- TickerDOUG on NYSE1
- IndustryReal Estate Agents & Managers (For Others)1
- HeadquartersMiami, Florida1
- Incorporated inDE2
- Business address4400 Biscayne Blvd, Floor 10, Miami, Fl 331372
- Filer categoryAccelerated filer, Smaller reporting company2
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Douglas Elliman Inc. is a holding company that, through its subsidiaries, is engaged in the real estate services business. Douglas Elliman owns Douglas Elliman Realty, LLC, one of the largest residential brokerage companies in the New York metropolitan area, which includes New York City, Long Island, the Hamptons, Westchester, Connecticut and New Jersey, and also conducts operations in Florida, California, Texas, Colorado, Nevada, Massachusetts, Maryland, Virginia, and Washington D.C. We also offer, including through our subsidiaries and ventures, development marketing services and ancillary services, such as mortgage, title and escrow services.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
4.4%Operating margin5
1.5%Net margin5
3.8%Revenue growth, 20255
8.3%Return on equity5
0.00×Debt to equity5
-$17.2MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Commission and Other Brokerage Income, Existing Home Sales brought in 85% of the revenue Douglas Elliman Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Commission and Other Brokerage Income, Existing Home Sales | $849.9M | $878.8M | $909.5M |
| Commission and Other Brokerage Income, Development Marketing | $56.2M | $67.8M | $80.4M |
| Property Management | $35.5M | $36.8M | $31.6M |
| Property Management Income | $35.5M | $36.8M | $31.6M |
| Other Ancillary Services | $14.0M | $12.3M | $11.6M |
Regions
New York City Standard Metropolitan Statistical Area brought in 32% of the revenue Douglas Elliman Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| New York City Standard Metropolitan Statistical Area | $335.6M | $326.6M | $331.8M |
| US Southeast Region | $250.7M | $284.5M | $296.0M |
| US Northeast Region | $179.6M | $191.1M | $208.1M |
| US West Region | $189.6M | $193.4M | $197.1M |
| Rest of the world | $0 | $0 | $50.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs98¢$1.0B
- Income tax0¢$3.6M
- Profit1¢$15.2M
Out of $1.0B in revenue.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $1.0B | $995.6M | $955.6M |
| Sales and marketing | $80.7M | $82.6M | $83.7M |
| General and administrative | $111.0M | $117.8M | $125.4M |
| Technology | $22.6M | $23.4M | $23.8M |
| Depreciation and amortization | $8.4M | $7.7M | $8.0M |
| Antitrust litigation settlement expense | $0 | $17.8M | $0 |
| Impairment of fixed assets | $2.3M | $0 | $0 |
| Restructuring | $1.6M | $1.0M | $2.4M |
| Gain on disposal of business | -$81.7M | $0 | $0 |
| Operating income (loss) | $45.5M | -$68.8M | -$64.5M |
| Interest expense | -$5.1M | -$2.9M | -$28.0K |
| Interest income | $4.9M | $5.5M | $5.8M |
| Equity in earnings (losses) from equity-method investments | $187.0K | $36.0K | -$168.0K |
| Loss on extinguishment of liability | -$466.0K | $0 | $0 |
| Change in fair value of the derivative embedded within convertible debt | -$28.5M | -$15.0M | $0 |
| Investment and other gains | $1.3M | $5.3M | $633.0K |
| Income (loss) before provision for income taxes | $17.9M | -$75.9M | -$58.2M |
| Income tax expense (benefit) | $3.6M | $1.1M | -$15.1M |
| Net income (loss) | $14.3M | -$77.0M | -$43.2M |
| Net loss attributed to non-controlling interest | $909.0K | $686.0K | $614.0K |
| Net income (loss) attributed to Douglas Elliman Inc. | $15.2M | -$76.3M | -$42.6M |
| Net loss applicable to common shares attributed to Douglas Elliman Inc.(in dollars per share) | $0.17 | -$0.91 | -$0.52 |
| Net loss applicable to common shares attributed to Douglas Elliman Inc.(in dollars per share) | $0.17 | -$0.91 | -$0.52 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $115.5M | $135.7M | $119.8M | |
| Investment securities at fair value | $0 | $9.8M | ||
| Receivables | $19.9M | $19.6M | ||
| Agent receivables, net | $5.7M | $7.9M | ||
| Restricted cash and cash equivalents | $4.7M | $4.1M | $7.2M | |
| Other current assets | $15.5M | $19.1M | ||
| Total current assets | $161.3M | $196.1M | ||
| Property and equipment, net | $30.1M | $37.7M | ||
| Operating lease right-of-use assets | $83.3M | $100.5M | ||
| Long-term investments (includes $4,399 and $3,127 at fair value) | $10.5M | $9.5M | ||
| Contract assets, net | $46.7M | $37.1M | ||
| Goodwill | $32.2M | $32.2M | $32.2M | |
| Other intangible assets, net | $71.7M | $72.3M | ||
| Equity-method investments | $2.2M | $2.0M | $2.0M | |
| Other assets | $6.3M | $6.4M | ||
| Total assets | $444.4M | $493.9M | $493.4M | |
| Current operating lease liabilities | $20.6M | $21.7M | ||
| Income taxes payable, net | $3.6M | $0 | ||
| Accounts payable | $3.8M | $3.1M | ||
| Commissions payable | $21.7M | $20.5M | ||
| Accrued salaries and benefits | $13.7M | $8.3M | ||
| Contract liabilities | $16.0M | $18.2M | ||
| Other current liabilities | $19.4M | $20.5M | ||
| Total current liabilities | $98.7M | $92.2M | ||
| Notes payable and other obligations less current portion | $0 | $32.7M | ||
| Fair value of the derivative embedded within convertible debt | $0 | $30.3M | ||
| Non-current operating lease liabilities | $82.4M | $101.9M | ||
| Contract liabilities | $74.9M | $63.8M | ||
| Antitrust litigation settlement | $5.0M | $10.0M | ||
| Other liabilities | $134.0K | $683.0K | ||
| Total liabilities | $261.1M | $331.5M | ||
| Preferred stock, par value $0.01 per share, 10,000,000 shares authorized | $0 | $0 | ||
| Common stock, par value $0.01 per share, 250,000,000 shares authorized, 88,247,942 and 88,853,150 shares issued and outstanding | $883.0K | $889.0K | ||
| Additional paid-in capital | $291.7M | $285.2M | ||
| Accumulated deficit | -$108.6M | -$123.9M | ||
| Total Douglas Elliman Inc. stockholders' equity | $183.9M | $162.2M | ||
| Non-controlling interest | -$672.0K | $237.0K | ||
| Total stockholders' equity | $183.3M | $162.4M | $234.2M | $270.5M |
| Total liabilities and stockholders' equity | $444.4M | $493.9M | ||
| Long-term investments, fair value | $4.4M | $3.1M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | ||
| Common stock, shares issued (in shares) | 88.2M shares | 88.9M shares | ||
| Common stock, shares outstanding (in shares) | 88.2M shares | 88.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $115.5M | $135.7M | $119.8M | |
| Investment securities at fair value | $0 | $9.8M | ||
| Receivables | $19.9M | $19.6M | ||
| Agent receivables, net | $5.7M | $7.9M | ||
| Restricted cash and cash equivalents | $4.7M | $4.1M | $7.2M | |
| Other current assets | $15.5M | $19.1M | ||
| Total current assets | $161.3M | $196.1M | ||
| Property and equipment, net | $30.1M | $37.7M | ||
| Operating lease right-of-use assets | $83.3M | $100.5M | ||
| Long-term investments (includes $4,399 and $3,127 at fair value) | $10.5M | $9.5M | ||
| Contract assets, net | $46.7M | $37.1M | ||
| Goodwill | $32.2M | $32.2M | $32.2M | |
| Other intangible assets, net | $71.7M | $72.3M | ||
| Equity-method investments | $2.2M | $2.0M | $2.0M | |
| Other assets | $6.3M | $6.4M | ||
| Total assets | $444.4M | $493.9M | $493.4M | |
| Current operating lease liabilities | $20.6M | $21.7M | ||
| Income taxes payable, net | $3.6M | $0 | ||
| Accounts payable | $3.8M | $3.1M | ||
| Commissions payable | $21.7M | $20.5M | ||
| Accrued salaries and benefits | $13.7M | $8.3M | ||
| Contract liabilities | $16.0M | $18.2M | ||
| Other current liabilities | $19.4M | $20.5M | ||
| Total current liabilities | $98.7M | $92.2M | ||
| Notes payable and other obligations less current portion | $0 | $32.7M | ||
| Fair value of the derivative embedded within convertible debt | $0 | $30.3M | ||
| Non-current operating lease liabilities | $82.4M | $101.9M | ||
| Contract liabilities | $74.9M | $63.8M | ||
| Antitrust litigation settlement | $5.0M | $10.0M | ||
| Other liabilities | $134.0K | $683.0K | ||
| Total liabilities | $261.1M | $331.5M | ||
| Preferred stock, par value $0.01 per share, 10,000,000 shares authorized | $0 | $0 | ||
| Common stock, par value $0.01 per share, 250,000,000 shares authorized, 88,247,942 and 88,853,150 shares issued and outstanding | $883.0K | $889.0K | ||
| Additional paid-in capital | $291.7M | $285.2M | ||
| Accumulated deficit | -$108.6M | -$123.9M | ||
| Total Douglas Elliman Inc. stockholders' equity | $183.9M | $162.2M | ||
| Non-controlling interest | -$672.0K | $237.0K | ||
| Total stockholders' equity | $183.3M | $162.4M | $234.2M | $270.5M |
| Total liabilities and stockholders' equity | $444.4M | $493.9M | ||
| Long-term investments, fair value | $4.4M | $3.1M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | ||
| Common stock, shares issued (in shares) | 88.2M shares | 88.9M shares | ||
| Common stock, shares outstanding (in shares) | 88.2M shares | 88.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $14.3M | -$77.0M | -$43.2M |
| Depreciation and amortization | $8.4M | $7.7M | $8.0M |
| Non-cash stock-based compensation expense | $8.6M | $6.6M | $13.1M |
| Impairment of fixed assets | $2.3M | $0 | $0 |
| Loss on sale of assets | $204.0K | $205.0K | $37.0K |
| Gain on disposal of business | -$81.7M | $0 | $0 |
| Deferred income taxes | $0 | $977.0K | -$15.4M |
| Net gains on investment securities | -$1.2M | -$5.3M | -$633.0K |
| Equity in (earnings) losses from equity-method investments | -$187.0K | -$36.0K | $168.0K |
| Non-cash interest expense | $2.2M | $1.2M | $0 |
| Non-cash lease expense | $19.2M | $20.6M | $22.4M |
| Change in fair value of the derivative embedded within convertible debt | $28.5M | $15.0M | $0 |
| Provision for credit losses | $4.4M | $5.2M | $4.7M |
| Loss on extinguishment of liability | $466.0K | $0 | $0 |
| Receivables | -$3.9M | $820.0K | -$2.2M |
| Income taxes receivables, net | $3.6M | $5.3M | $1.2M |
| Contract assets, net | -$7.5M | -$6.0M | $1.3M |
| Accounts payable and accrued liabilities | $1.5M | -$6.9M | $9.7M |
| Operating right-of-use assets and operating lease liabilities, net | -$22.2M | -$22.2M | -$22.7M |
| Accrued salary and benefits | $5.6M | -$4.6M | -$5.3M |
| Contract liabilities | $8.9M | $19.6M | -$516.0K |
| Antitrust litigation settlement | -$5.0M | $10.0M | $0 |
| Other assets and liabilities | -$353.0K | $2.9M | -$1.0M |
| Net cash used in operating activities | -$13.9M | -$26.0M | -$30.4M |
| Purchase of debt securities | $0 | $0 | -$25.0K |
| Purchase of equity securities | $0 | $0 | -$300.0K |
| Proceeds from sale or liquidation of long-term investments | $1.7M | $8.9M | $1.4M |
| Purchase of long-term investments | -$138.0K | -$330.0K | -$190.0K |
| Proceeds from sale or liquidation of short-term investments | $97.7M | $0 | $0 |
| Purchase of short-term investments | -$87.9M | $0 | $0 |
| Purchase of investment securities at fair value | $0 | -$9.8M | $0 |
| Proceeds from disposal of business, less cash distributed | $82.5M | $0 | $0 |
| Capital expenditures | -$3.4M | -$5.5M | -$6.1M |
| Net cash provided by (used in) investing activities | $90.5M | -$6.8M | -$5.2M |
| Proceeds from debt issuance | $0 | $48.8M | $0 |
| Repayments of convertible note | -$94.1M | $0 | $0 |
| Deferred financing charges | $0 | -$2.0M | $0 |
| Withholding of shares as payment of payroll tax liabilities in connection with restricted stock vesting | -$2.0M | -$1.3M | -$2.0M |
| Dividends on common stock | $0 | $0 | -$4.2M |
| Net cash (used in) provided by financing activities | -$96.1M | $45.5M | -$6.2M |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -$19.5M | $12.7M | -$41.9M |
No quarter-by-quarter statement was filed.
Corporate structure
Douglas Elliman Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Douglas Elliman Inc.
- BlackRock Filed SCHEDULE 13G on Douglas Elliman Inc., latest Jul 17, 2025 (8 filings since Jan 10, 2022)
- Phillip Et Al Frost Md. Filed SCHEDULE 13G/A on Douglas Elliman Inc., latest Feb 11, 2025 (3 filings since Feb 11, 2022)
- Howard M. Lorber Filed SC 13D/A on Douglas Elliman Inc., latest Oct 23, 2024 (4 filings since Jan 10, 2022)
- VANGUARD GROUP INC Filed SC 13G/A on Douglas Elliman Inc., latest Jan 10, 2024 (4 filings since Jan 10, 2022)
- Capital Research Global Investors Filed SC 13G/A on Douglas Elliman Inc., latest Feb 13, 2023 (2 filings since Feb 11, 2022)
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on Douglas Elliman Inc., latest Feb 13, 2023 (2 filings since Feb 11, 2022)
- Douglas Elliman Inc. Miami, Florida
- Douglas Elliman of Subsidiary · California, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Douglas Elliman Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $94.3M5 Dec 31, 2025 | $92.4M5 Dec 31, 2024 | +2.0% |
| Accumulated depreciation | $64.2M5 Dec 31, 2025 | $54.7M5 Dec 31, 2024 | +17.2% |
| Property and equipment, net | $30.1M5 Dec 31, 2025 | $37.7M5 Dec 31, 2024 | −20.0% |
| Operating-lease assets (leased space) | $83.3M5 Dec 31, 2025 | $100.5M5 Dec 31, 2024 | −17.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $115.5M5 Dec 31, 2025 | $135.7M5 Dec 31, 2024 | −14.9% |
| Marketable securities, current | $05 Dec 31, 2025 | $9.8M5 Dec 31, 2024 | −100.0% |
| Stakes in other companies (equity method) | $2.2M5 Dec 31, 2025 | $2.0M5 Dec 31, 2024 | +9.2% |
| Long-term investments | $10.5M5 Dec 31, 2025 | $9.5M5 Dec 31, 2024 | +10.7% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $32.2M5 Dec 31, 2025 | $32.2M5 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $71.7M5 Dec 31, 2025 | $72.3M5 Dec 31, 2024 | −0.9% |
| Finite-lived intangibles, gross | $7.8M5 Dec 31, 2025 | $11.2M5 Dec 31, 2024 | −30.3% |
| Accumulated amortization | $4.2M5 Dec 31, 2025 | $6.9M5 Dec 31, 2024 | −39.7% |
| Finite-lived intangibles, net | $3.7M5 Dec 31, 2025 | $4.3M5 Dec 31, 2024 | −15.1% |
Properties, in its own words
Our principal executive offices are located in Miami, Florida.
As of December 31, 2025, Douglas Elliman leased 114 offices and its leases expire at various times between 2026 and 2036. As of December 31, 2025, the properties leased by Douglas Elliman are as follows:
The rest of Item 2
Type · Number of Offices · Location · Owned or Leased · Approximate Total Square Footage
Offices · 18 · New York City, NY · Leased · 184,000
Offices · 33 · Long Island, NY · Leased · 114,000
Offices · 25 · Florida · Leased · 73,000
Offices · 5 · Westchester County, NY · Leased · 8,000
Offices · 11 · California · Leased · 70,000
Offices · 22 · Other · Leased · 51,600
Item 2 of the 10-K filed Mar 16, 2026.4
Leadership
Who has led Douglas Elliman Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2025
- Chief executive officerMichael Liebowitz Nov 26, 2025 to now12
- Chief executive officerHoward M. Lorber Dec 21, 2021 to Jul 10, 202413
- ChairHoward M. Lorber Dec 21, 2021 to Jul 10, 202413
- PresidentMichael Liebowitz Nov 26, 2025 to now12
- PresidentHoward M. Lorber Dec 21, 2021 to Jul 10, 202413
- Chief financial officerJ. Bryant Kirkland Iii. Dec 21, 2021 to Oct 11, 202214
- Chief operating officerRichard Lampen Mar 7, 2022 to Jul 11, 202415
Board members and other officers (23)
- OfficerMichael Liebowitz Nov 19, 2024 to Nov 26, 202416
- OfficerHoward M. Lorber Nov 20, 2024 to Nov 20, 202417
- OfficerLisa M. Seligman Jan 3, 2023 to now18
- OfficerJ. Bryant Kirkland Iii. Jan 10, 2022 to now19
- OfficerDaniel A. Sachar Dec 21, 2021 to Dec 17, 202420
- OfficerJames D. Ballard Dec 21, 2021 to Mar 4, 202421
- OfficerKaren J. Chesleigh Dec 21, 2021 to Jan 3, 202222
- OfficerRichard Lampen Dec 21, 2021 to Sep 9, 202223
- OfficerScott J. Durkin Dec 21, 2021 to Mar 4, 202424
- Board memberJustyn Feldman Jul 17, 2026 to now25
- Board memberPerry Weitz Nov 7, 2025 to now26
- Board memberDarren Richman Jul 11, 2024 to now27
- Board memberDavid Chene Jul 11, 2024 to now27
- Board memberPatrick J. Bartels Jr. Jul 11, 2024 to now28
- Board memberHoward M. Lorber Nov 20, 2024 to Nov 20, 202417
- Board memberScott D. Vogel Dec 2, 2024 to now29
- Board memberLynn Mestel Dec 21, 2021 to May 8, 202430
- Board memberMark Zeitchick Dec 21, 2021 to now31
- Board memberMichael Liebowitz Dec 21, 2021 to now32
- Board memberRichard Lampen Dec 21, 2021 to now23
- Board memberRonald J. Kramer Dec 21, 2021 to May 8, 202433
- Board memberWilson White Dec 21, 2021 to now34
- General counselBradley Harris Brodie Aug 14, 2025 to now35
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Douglas Elliman of California, Inc. CA3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 4, 20268-K Executive or director change36
- Aug 7, 20268-K Results of operations37
- Jul 16, 20268-K Executive or director change38
- Jun 18, 20268-K Shareholder vote39
- May 8, 20268-K Results of operations40
- Apr 24, 20268-K Regulation FD disclosure41
- Apr 10, 20268-K Executive or director change42
- Apr 10, 20268-K Change of auditor43
- Mar 13, 20268-K Results of operations44
- Nov 26, 2025New chief executive Michael Liebowitz becomes CEO12
- Nov 4, 20258-K Results of operations; Executive or director change; Regulation FD disclosure45
- Oct 24, 20258-K Entered a material agreement; Completed an acquisition or sale; Executive or director change46
- Jul 31, 20258-K Results of operations47
- Dec 21, 2021New chief executive Howard M. Lorber becomes CEO13
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/202648
When it reported results
- Aug 7, 2026Reported quarterly or annual results37
- May 8, 2026Reported quarterly or annual results40
- Mar 13, 2026Reported quarterly or annual results44
- Nov 4, 2025Reported quarterly or annual results45
- Jul 31, 2025Reported quarterly or annual results47
- May 1, 2025Reported quarterly or annual results49
- Mar 11, 2025Reported quarterly or annual results50
- Nov 7, 2024Reported quarterly or annual results51
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
297 filings to the SEC since October 2021: 8 annual reports, 16 quarterly reports, 52 major events, 152 insider forms, 23 large holders, 46 other. The latest 20:
- Sep 4, 20268-K EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 7, 20268-K EDGAR
- Jul 17, 20263 EDGAR
- Jul 17, 20263 EDGAR
- Jul 16, 20268-K EDGAR
- Jun 18, 20268-K EDGAR
- May 22, 2026S-8 EDGAR
- May 11, 202610-Q EDGAR
- May 8, 20268-K EDGAR
- Apr 30, 2026DEFA14A EDGAR
- Apr 30, 2026ARS EDGAR
- Apr 30, 2026DEF 14A EDGAR
- Apr 24, 20268-K EDGAR
- Apr 14, 20264 EDGAR
- Apr 14, 20264 EDGAR
- Apr 14, 20264 EDGAR
The 297 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
49 open-market trades by officers, directors and large owners since October 2021: 48 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 12, 2025 | BARTELS PATRICK J JRDirector | Buy | 58,104 | $1.92 | $111.6K | Form 4 |
| May 9, 2025 | BARTELS PATRICK J JRDirector | Buy | 61,696 | $1.85 | $114.1K | Form 4 |
| May 8, 2025 | BARTELS PATRICK J JRDirector | Buy | 15,200 | $1.84 | $28.0K | Form 4 |
| Nov 18, 2024 | LORBER HOWARD MSee Remarks | Sale | 1,081,414 | $1.68 | $1.8M | Form 4 |
| Nov 18, 2024 | Liebowitz MichaelPresident and CEO | Buy | 1,081,414 | $1.68 | $1.8M | Form 4 |
| Jul 10, 2024 | ZEITCHICK MARKDirector | Buy | 40,000 | $1.18 | $47.2K | Form 4 |
| Jul 10, 2024 | LAMPEN RICHARDDirector | Buy | 75,000 | $1.20 | $90.0K | Form 4 |
| Jul 10, 2024 | Liebowitz MichaelPresident and CEO | Buy | 197,398 | $1.18 | $232.9K | Form 4 |
| Jul 10, 2024 | LORBER HOWARD MSee Remarks | Buy | 2,605 | $1.23 | $3.2K | Form 4 |
| Jul 9, 2024 | LORBER HOWARD MSee Remarks | Buy | 82,067 | $1.15 | $94.4K | Form 4 |
| Jul 9, 2024 | ZEITCHICK MARKDirector | Buy | 54,437 | $1.16 | $63.1K | Form 4 |
| Jul 9, 2024 | LAMPEN RICHARDDirector | Buy | 30,000 | $1.16 | $34.8K | Form 4 |
| Jul 8, 2024 | LORBER HOWARD MSee Remarks | Buy | 15,328 | $1.09 | $16.7K | Form 4 |
| Jul 8, 2024 | ZEITCHICK MARKDirector | Buy | 58,313 | $1.10 | $64.1K | Form 4 |
| Jul 5, 2024 | LAMPEN RICHARDDirector | Buy | 125,000 | $1.08 | $135.0K | Form 4 |
| Nov 21, 2023 | LAMPEN RICHARDDirector | Buy | 10,000 | $1.69 | $16.9K | Form 4 |
| Nov 16, 2023 | LAMPEN RICHARDDirector | Buy | 10,000 | $1.74 | $17.4K | Form 4 |
| Aug 31, 2023 | KRAMER RONALD JDirector | Buy | 20,000 | $2.58 | $51.6K | Form 4 |
| Aug 22, 2023 | LAMPEN RICHARDDirector | Buy | 50,000 | $2.09 | $104.5K | Form 4 |
| Aug 21, 2023 | LORBER HOWARD MSee Remarks | Buy | 50,000 | $2.07 | $103.5K | Form 4 |
All 49 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G, 8 filings Jan 10, 2022 to Jul 17, 202552
- Phillip Et Al Frost Md.SCHEDULE 13G/A, 3 filings Feb 11, 2022 to Feb 11, 202553
- Howard M. LorberSC 13D/A, 4 filings Jan 10, 2022 to Oct 23, 202454
- VANGUARD GROUP INCSC 13G/A, 4 filings Jan 10, 2022 to Jan 10, 202455
- Capital Research Global InvestorsSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202356
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202357
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Michael S. Liebowitz | 57 | $800.0K | $2.3M58 |
| 2025 | Senior Vice PresidentGeneral Counsel and Secretary | $212.6K | $1.1M58 | |
| 2025 | J. Bryant Kirkland III | $621.9K | $1.1M58 | |
| 2024 | President and Chief Executive Officer | $157.9K | $9.0M58 | |
| 2024 | Executive Vice PresidentTreasurer and Chief Financial Officer | $146.3K | $1.4M58 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Douglas Elliman Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDouglas Elliman Inc.1
- CIK0001878897
- Employer ID (EIN)87-21768504
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)6531 Real Estate Agents & Managers (For Others)1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address4400 Biscayne Blvd, Floor 10, Miami, FL 331371
- Phone30557980001
- Shares outstanding90,890,473 as of Jul 31, 202611
- Public float$191.1M as of Jun 30, 20254
- AuditorDeloitte & Touche LLP, Miami, Florida PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceAug 24, 20211
- Filings301 in all: 4 (127), 8-K (51), 3 (23), 10-Q (14), SC 13G/A (11), DEFA14A (7), SC 13G (6), UPLOAD (6)1
All 36 form types
10-K (5), CORRESP (5), DEF 14A (5), S-8 (5), ARS (4), 10-K/A (3), SC 13D/A (3), 10-Q/A (2), 424B3 (2), DRS/A (2), DRSLTR (2), EFFECT (2), 10-12B (1), 3/A (1), 4/A (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS (1), NT 10-Q (1), RW (1), S-1 (1), S-1/A (1), S-3 (1), S-8 POS (1), SC 13D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) Mar 16, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 30, 2026
Latest 8-K (8-K) Sep 4, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.01 per share | DOUG | New York Stock Exchange |
From the cover page of the 10-K filed Mar 16, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Douglas Elliman Inc. names in Item 1A of its 10-K filed Mar 16, 2026: 43 risks under these headings, as written.4
- Risks Associated with Our Real Estate Business
- We are subject to risks relating to the real estate industry.
- We are impacted by the performance of the real estate markets in the New York metropolitan area and there may be a reduction in the attractiveness of those markets as well as the other markets in which we operate.
- There could be a lack of financing for homebuyers in the U.S. residential real estate market at favorable rates and on favorable terms.
- Declining home inventory levels have resulted in insufficient supply, which has negatively impacted home sale transactions.
- Consumers may adopt alternatives to full-service agents.
- We depend on a strong brand, and any failure to maintain, protect and enhance the Douglas Elliman brand would have an adverse effect on our ability to grow our real estate brokerage business.
- The failure of third-party vendors or partners to perform as we expect or appropriately manage risks, or our failure to adequately monitor third-party performance, could result in harm to our reputation and ability to generate revenue.
- The real estate brokerage business in our markets is extremely competitive.
- Our real estate brokerage business depends on the success of our agents.
- Contractual obligations related to confidentiality and noncompetition may be ineffective or unenforceable against departing employees.
- Any decrease in our gross commission income or the percentage of commissions that we collect may harm our business, results of operations and financial condition. Our gross commission income or the percentage of commissions that we collect may decline.
The other 32 risks
- Negligence or intentional actions of real estate agents engaged by us could materially and adversely affect our reputation and subject us to liability.
- There may be adverse financial and operational consequences to us if independent real estate agents are reclassified as employees.
- We may not be able to maintain or establish relationships with multiple listing services (“MLSs”) and third-party listing services, which could limit the information we are able to provide to our agents and clients.
- Goodwill and indefinite-lived intangible asset impairment charges may adversely affect our operating results and financial condition.
- Industry structure changes that disrupt the functioning of the residential real estate market, including as a result of litigation or regulatory scrutiny, could materially adversely affect the Company’s operations and financial results.
- Infringement, misappropriation or dilution of the intellectual property of Douglas Elliman could harm our business.
- We rely on licenses to use the intellectual property rights of third parties which are incorporated into our products and services. Failure to renew or expand existing licenses may require us to modify, limit or discontinue certain offerings.
- We rely on traffic to our websites, including our flagship website, elliman.com, directed from search engines. If these websites fail to rank prominently in unpaid search results, traffic to these websites could decline and our business would be adversely affected.
- Cybersecurity incidents could disrupt our business operations or could result in the loss of critical and confidential information, which may adversely impact our reputation and harm our business.
- Some of our application systems and services contain open-source software, which may pose particular risks to our proprietary software, products, and services.
- We may fail to successfully complete or integrate acquisitions and joint ventures into our existing operations, or to complete or effectively manage divestitures.
- Our international expansion and launch of Elliman International may subject us to different or greater risks from those associated with our operations in the United States.
- Our mortgage business subjects us to additional risks and we may not realize the expected benefits from our mortgage business.
- The use of technology that incorporates AI presents risks relating to confidentiality, creation of inaccurate and flawed outputs and emerging regulatory risk, any or all of which may adversely affect our business and results of operations.
- Severe weather events or natural or man-made disasters, including increasing severity or frequency of such events, or other catastrophic events (including public health crises) may disrupt our business.
- Risks Associated with our PropTech Investments
- There are risks inherent in PropTech Investments.
- We may engage in business activities that could result in us holding investment interests in entities which could subject us to regulation under the Investment Company Act of 1940.
- Risks Relating to Our Structure and Other Business Risks
- Our quarterly results and other operating metrics may fluctuate from quarter to quarter, which makes these metrics difficult to predict.
- Douglas Elliman Inc. is a holding company and depends on cash payments from our subsidiaries to meet our cash obligations.
- We may not pay dividends on our common stock.
- Our liquidity could be adversely affected by conditions in the financial markets or the negative performance of financial institutions.
- We may be subject to competing demands and expectations from employees, investors and other third parties relating to environmental, social and governance factors; we may incur additional costs and be exposed to new risks as we respond to these competing demands and expectations.
- Loss or attrition among our senior executives or other key employees and our inability to develop our existing workforce and to recruit top talent could adversely affect our financial performance.
- We are periodically subject to claims, lawsuits, government investigations and other proceedings.
- Adverse decisions in litigation or regulatory actions against companies unrelated to us could impact our business practices.
- Some of our potential losses may not be covered by insurance. We may not be able to obtain or maintain adequate insurance coverage.
- Our fraud detection processes and information security systems may not successfully detect all fraudulent activity by third parties aimed at our employees or agents.
- If we are unable to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act, or our internal control over financial reporting is not effective, the reliability of our financial statements may be questioned and our stock price may suffer.
- The trading price of the shares of our common stock has been and is likely to be volatile.
- Future offerings of debt or equity securities by us may adversely affect the market price of our Common Stock.
- Changes in accounting standards, subjective assumptions and estimates used by management related to complex accounting matters could have an adverse effect on our reported results.
- Anti-takeover provisions in our organizational documents and Delaware law may discourage or prevent a change of control, even if an acquisition would be beneficial to our stockholders, which could affect our stock price adversely and prevent attempts by our stockholders to replace or remove our current management.
Legal proceedings
Reference is made to Note 14 to our consolidated financial statements included elsewhere in this report which is incorporated by reference and contains a general description of certain legal proceedings to which we, including our subsidiaries, are a party.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARMichael Liebowitz, Officer
- 17SEC EDGARHoward M. Lorber, Officer
- 18SEC EDGARLisa M. Seligman, Officer
- 19SEC EDGARJ. Bryant Kirkland Iii., Officer
- 20SEC EDGARDaniel A. Sachar, Officer
- 21SEC EDGARJames D. Ballard, Officer
- 22SEC EDGARKaren J. Chesleigh, Officer
- 23SEC EDGARRichard Lampen, Officer
- 24SEC EDGARScott J. Durkin, Officer
- 25SEC EDGARJustyn Feldman, Board member
- 26SEC EDGARPerry Weitz, Board member
- 27SEC EDGARDarren Richman, Board member
- 28SEC EDGARPatrick J. Bartels Jr., Board member
- 29SEC EDGARScott D. Vogel, Board member
- 30SEC EDGARLynn Mestel, Board member
- 31SEC EDGARMark Zeitchick, Board member
- 32SEC EDGARMichael Liebowitz, Board member
- 33SEC EDGARRonald J. Kramer, Board member
- 34SEC EDGARWilson White, Board member
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- 36SEC EDGARExecutive or director change
- 37SEC EDGARResults of operations
- 38SEC EDGARExecutive or director change
- 39SEC EDGARShareholder vote
- 40SEC EDGARResults of operations
- 41SEC EDGARRegulation FD disclosure
- 42SEC EDGARExecutive or director change
- 43SEC EDGARChange of auditor
- 44SEC EDGARResults of operations
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- 47SEC EDGARResults of operations
- 48NasdaqNasdaq calendar
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