Douglas Elliman Inc Financials
Douglas Elliman Inc (DOUG) reported $1.0B in revenue for fiscal year 2025, up 3.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cost discipline restored operating profit, but cash conversion still lags, making FY2025 more of a repair year than a fully self-funding one.
From FY2023 to FY2025, SG&A fell by$14.5M even as revenue only recovered to$1.03B , so the return to operating profit looks driven more by a leaner cost base than by a broad rebound in business volume. That accounting recovery has not fully turned into cash: FY2025 net income was$15.2M while operating cash flow stayed negative at-$13.9M , which means earnings improved faster than working-capital behavior.
FY2025’s cleaner balance sheet did not come from internally generated cash alone. Investing cash flow was a positive
This appears asset-light rather than capital-hungry: capital spending was only
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Douglas Elliman Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Douglas Elliman Inc, and counted as zero in the overall score.
Not available for Douglas Elliman Inc, and counted as zero in the overall score.
Douglas Elliman Inc scores 2.89, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Douglas Elliman Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Douglas Elliman Inc used $0.91 of operating cash (-$13.9M OCF vs $15.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Douglas Elliman Inc earns $8.97 in operating income for every $1 of interest expense ($45.5M vs $5.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Douglas Elliman Inc generated $1.0B in revenue in fiscal year 2025. This represents an increase of 3.8% from the prior year.
Douglas Elliman Inc's EBITDA was $53.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 188.2% from the prior year.
Douglas Elliman Inc reported $15.2M in net income in fiscal year 2025. This represents an increase of 119.9% from the prior year.
Douglas Elliman Inc earned $0.17 per diluted share (EPS) in fiscal year 2025. This represents an increase of 118.7% from the prior year.
Cash & Balance Sheet
Douglas Elliman Inc recorded an outflow of $17.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 45.3% from the prior year.
Douglas Elliman Inc held $115.5M in cash against $0 in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Douglas Elliman Inc's operating margin was 4.4% in fiscal year 2025, reflecting core business profitability. This is up 11.3 percentage points from the prior year.
Douglas Elliman Inc's net profit margin was 1.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.1 percentage points from the prior year.
Douglas Elliman Inc's ROE was 8.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 55.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Douglas Elliman Inc invested $3.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 39.4% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
DOUG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B+3.8% | $995.6M+4.2% | $955.6M-17.1% | $1.2B-14.8% | $1.4B+74.8% | $774.0M-1.3% | $784.1M |
| SG&A Expenses | $98.4M | $111.0M-5.8% | $117.8M-6.1% | $125.4M-4.5% | $131.4M+41.6% | $92.8M+21.9% | $76.1M-21.1% | $96.5M |
| Operating Income | $35.4M | $45.5M+166.1% | -$68.8M-6.7% | -$64.5M-1320.3% | -$4.5M-104.4% | $102.1M+307.2% | -$49.3M-1316.2% | -$3.5M |
| Interest Expense | $2.0M | $5.1M+72.5% | $2.9M+10396.4% | $28K-81.1% | $148K | N/A | N/A | N/A |
| Income Tax | $3.6M | $3.6M+218.7% | $1.1M+107.4% | -$15.1M-331.5% | $6.5M+204.9% | $2.1M+4747.7% | $44K-87.6% | $354K |
| Net Income | $24.9M | $15.2M+119.9% | -$76.3M-79.3% | -$42.6M-656.9% | -$5.6M-105.7% | $98.8M+313.1% | -$46.4M-648.2% | $8.5M |
| EPS (Diluted) | — | $0.17+118.7% | -$0.91-75.0% | -$0.52-550.0% | -$0.08-106.6% | $1.21+301.7% | -$0.60-645.5% | $0.11 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DOUG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $444.4M-10.0% | $493.9M+0.1% | $493.4M-10.4% | $550.4M-7.5% | $595.2M+31.1% | $454.0M-7.1% | $488.6M |
| Current Assets | $161.3M-17.7% | $196.1M+8.2% | $181.3M-19.5% | $225.1M-19.9% | $280.8M+89.3% | $148.4M | N/A |
| Cash & Equivalents | $115.5M-14.9% | $135.7M+13.2% | $119.8M-26.9% | $163.9M-22.6% | $211.6M+124.1% | $94.4M+32.1% | $71.5M |
| Accounts Receivable | $19.9M+1.6% | $19.6M-10.1% | $21.8M-1.6% | $22.2M-31.8% | $32.5M+33.3% | $24.4M | N/A |
| Goodwill | $32.2M0.0% | $32.2M0.0% | $32.2M0.0% | $32.2M-1.0% | $32.6M+2.6% | $31.8M | N/A |
| Total Liabilities | $261.1M-21.2% | $331.5M+27.8% | $259.3M-7.4% | $279.9M-10.6% | $313.3M+7.9% | $290.4M+2.1% | $284.3M |
| Current Liabilities | $98.7M+7.1% | $92.2M-5.2% | $97.2M+8.1% | $90.0M-32.1% | $132.5M+32.9% | $99.6M | N/A |
| Long-Term Debt | $0-100.0% | $32.7M | $0 | $0-100.0% | $176K-98.6% | $12.9M | N/A |
| Total Equity | $183.9M+13.4% | $162.2M-30.5% | $233.2M-13.3% | $268.9M-3.9% | $279.9M+71.1% | $163.6M-19.9% | $204.3M |
| Retained Earnings | -$108.6M+12.3% | -$123.9M-160.5% | -$47.6M-851.0% | -$5.0M-903.9% | $622K | N/A | N/A |
Not reported in any period shown, so not listed: Inventory.
DOUG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$16.6M | -$13.9M+46.5% | -$26.0M+14.6% | -$30.4M-106.3% | -$14.7M-111.5% | $127.8M+301.1% | $31.9M+320.5% | $7.6M |
| Capital Expenditures | $2.0M | $3.4M-39.4% | $5.5M-9.9% | $6.1M-28.0% | $8.5M+107.9% | $4.1M-33.0% | $6.1M-24.2% | $8.1M |
| Free Cash Flow | -$18.7M | -$17.2M+45.3% | -$31.5M+13.8% | -$36.6M-57.0% | -$23.3M-118.8% | $123.7M+380.7% | $25.7M+5227.3% | -$502K |
| Investing Cash Flow | $81.8M | $90.5M+1433.1% | -$6.8M-29.6% | -$5.2M+58.9% | -$12.7M-43.8% | -$8.9M-116.7% | -$4.1M-170.9% | -$1.5M |
| Financing Cash Flow | N/A | -$96.1M-311.4% | $45.5M+831.7% | -$6.2M+79.3% | -$30.0M-1038.8% | $3.2M+2335.0% | -$143K+99.3% | -$19.1M |
| Dividends Paid | N/A | $0 | $0-100.0% | $4.2M-74.0% | $16.3M | $0 | $0 | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DOUG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Operating Margin | 4.4%+11.3pp | -6.9%-0.2pp | -6.8%-6.4pp | -0.4%-7.9pp | 7.5%+13.9pp | -6.4%-5.9pp | -0.4% |
| Net Margin | 1.5%+9.1pp | -7.7%-3.2pp | -4.5%-4.0pp | -0.5%-7.8pp | 7.3%+13.3pp | -6.0%-7.1pp | 1.1% |
| Return on Equity | 8.3%+55.3pp | -47.0%-28.8pp | -18.2%-16.2pp | -2.1%-37.4pp | 35.3%+63.7pp | -28.3%-32.5pp | 4.1% |
| Return on Assets | 3.4%+18.9pp | -15.4%-6.8pp | -8.6%-7.6pp | -1.0%-17.6pp | 16.6%+26.8pp | -10.2%-11.9pp | 1.7% |
| Current Ratio | 1.63-0.5x | 2.13+0.3x | 1.86-0.6x | 2.50+0.4x | 2.12+0.6x | 1.49 | N/A |
| Debt-to-Equity | 0.00-0.2x | 0.20+0.2x | 0.000.0x | 0.000.0x | 0.00-0.1x | 0.08-1.3x | 1.39 |
| FCF Margin | -1.7%+1.5pp | -3.2%+0.7pp | -3.8%-1.8pp | -2.0%-11.2pp | 9.1%+5.8pp | 3.3%+3.4pp | -0.1% |
Not reported in any period shown, so not listed: Gross Margin.
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Where Douglas Elliman Inc Ranks
Frequently Asked Questions
What is Douglas Elliman Inc's annual revenue?
Douglas Elliman Inc (DOUG) reported $1.0B in total revenue for fiscal year 2025. This represents a 3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Douglas Elliman Inc's revenue growing?
Douglas Elliman Inc (DOUG) revenue grew by 3.8% year-over-year, from $995.6M to $1.0B in fiscal year 2025.
Is Douglas Elliman Inc profitable?
Yes, Douglas Elliman Inc (DOUG) reported a net income of $15.2M in fiscal year 2025, with a net profit margin of 1.5%.
What is Douglas Elliman Inc's EBITDA?
Douglas Elliman Inc (DOUG) had EBITDA of $53.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Douglas Elliman Inc have?
As of fiscal year 2025, Douglas Elliman Inc (DOUG) had $115.5M in cash and equivalents against $0 in long-term debt.
What is Douglas Elliman Inc's operating margin?
Douglas Elliman Inc (DOUG) had an operating margin of 4.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Douglas Elliman Inc's net profit margin?
Douglas Elliman Inc (DOUG) had a net profit margin of 1.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Douglas Elliman Inc's return on equity (ROE)?
Douglas Elliman Inc (DOUG) has a return on equity of 8.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Douglas Elliman Inc's free cash flow?
Douglas Elliman Inc (DOUG) recorded an outflow of $17.2M in free cash flow during fiscal year 2025. This represents a 45.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Douglas Elliman Inc's operating cash flow?
Douglas Elliman Inc (DOUG) recorded an outflow of $13.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Douglas Elliman Inc's total assets?
Douglas Elliman Inc (DOUG) had $444.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Douglas Elliman Inc's capital expenditures?
Douglas Elliman Inc (DOUG) invested $3.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Douglas Elliman Inc's current ratio?
Douglas Elliman Inc (DOUG) had a current ratio of 1.63 as of fiscal year 2025, which is generally considered healthy.
What is Douglas Elliman Inc's debt-to-equity ratio?
Douglas Elliman Inc (DOUG) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Douglas Elliman Inc's return on assets (ROA)?
Douglas Elliman Inc (DOUG) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Douglas Elliman Inc's cash runway?
Based on fiscal year 2025 data, Douglas Elliman Inc (DOUG) had $115.5M in cash against an annual operating cash burn of $13.9M. This gives an estimated cash runway of approximately 100 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Douglas Elliman Inc's Altman Z-Score?
Douglas Elliman Inc (DOUG) has an Altman Z-Score of 2.89, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Douglas Elliman Inc's Piotroski F-Score?
Douglas Elliman Inc (DOUG) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Douglas Elliman Inc's earnings high quality?
For every $1 of reported earnings, Douglas Elliman Inc (DOUG) used $0.91 of operating cash (-$13.9M OCF vs $15.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Douglas Elliman Inc cover its interest payments?
Douglas Elliman Inc (DOUG) has an interest coverage ratio of 8.97x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Douglas Elliman Inc?
Douglas Elliman Inc (DOUG) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.