Douglas Elliman Inc. filings document the public-company record for a NYSE-listed real estate services company centered on Douglas Elliman Realty. Form 8-K reports furnish quarterly and annual financial results and disclose material agreements, completed asset sales, convertible-note redemption activity, changes in the company’s independent registered public accounting firm, officer compensation arrangements, board appointments, and Regulation FD matters.
Definitive proxy materials describe board composition, committee structure, executive compensation, equity awards, shareholder voting items, and governance practices. The filings also identify Douglas Elliman’s common stock registered on the New York Stock Exchange under DOUG and provide formal disclosure on legal proceedings, capital structure, and business areas including residential brokerage, development marketing, mortgage, settlement and escrow services, property technology investments, and the company’s former property management business.
Douglas Elliman Inc. reported weaker results for the quarter ended March 31, 2026. Total revenue was $214,333 (dollars in thousands), down from $253,403 (dollars in thousands) a year earlier, mainly from lower brokerage commissions, reduced development marketing activity and the prior sale of the property management division.
The company posted a net loss attributed to Douglas Elliman Inc. of $16,276 (dollars in thousands), compared with a net loss of $5,985 (dollars in thousands) in the prior-year quarter, as operating loss widened to $17,511 (dollars in thousands). Real estate agent commissions were 78.1% of revenue, reflecting mix shifts toward higher-commission markets and less development marketing.
Douglas Elliman ended the quarter with cash, cash equivalents and restricted cash of $102,976 (dollars in thousands), including $7,005 (dollars in thousands) of restricted cash, after using $19,342 (dollars in thousands) in operating cash flow. The company continues to highlight Adjusted EBITDA, which was negative $10,446 (dollars in thousands) for the quarter, and is managing ongoing legal settlements and governance-related matters through insurance and structured payments.
Douglas Elliman Inc. reported weaker first quarter 2026 results, with lower revenue and a larger loss than a year ago. Revenue for the three months ended March 31, 2026 was $214.3 million, down from $253.4 million in the first quarter of 2025, reflecting a tough comparison and the 2025 sale of the property management business.
The Company posted an operating loss of $17.5 million and a net loss attributed to Douglas Elliman of $16.3 million, or $0.19 per diluted share, compared with a $6.0 million net loss, or $0.07 per share, a year earlier. Adjusted EBITDA attributed to Douglas Elliman was a loss of $10.4 million versus a $0.9 million loss in the prior-year quarter, and adjusted net loss was $12.4 million, or $0.14 per diluted share.
Despite the loss, Douglas Elliman highlighted its focus on luxury markets, with first quarter 2026 gross transaction value of about $8.6 billion and an average price per transaction of $1.96 million. As of March 31, 2026 the Company held approximately $96.0 million in cash and cash equivalents and had no long-term debt, supporting continued investments in technology, new markets, and leadership hires.
Douglas Elliman Inc. will hold its 2026 annual meeting virtually on June 18, 2026, with 90,906,082 common shares entitled to one vote each as of April 20, 2026. Stockholders will elect two Class II directors, ratify EisnerAmper LLP as auditor for 2026, and cast an advisory say-on-pay vote.
The board remains classified, but the company has agreed to present a declassification proposal at the 2027 meeting following a derivative litigation settlement. Major holders include Dr. Phillip Frost with 7,650,618 shares (8.42%) and BlackRock, Inc. with 4,725,524 shares (5.20%).
In 2025, CEO Michael S. Liebowitz received total compensation of $2.3 million, including an $800,000 salary and a $1.5 million discretionary bonus reflecting 3.8% revenue growth and the sale of the property management business. Key executives have employment agreements with severance and change-of-control protections, and significant restricted stock and performance share unit awards align pay with stock performance.
Douglas Elliman Inc. has reached a proposed settlement of the Strougo stockholder derivative action in Delaware Chancery Court. The stipulation calls for a $17,500,000 payment to the company, subject to reductions for court-approved attorneys’ fees and expenses, and for the company to adopt specified corporate-governance enhancements and reforms. Certain of the company’s insurers have agreed to fund the payment. The settlement requires final court approval, with a settlement fairness hearing scheduled for June 29, 2026 at 1:30 p.m. The notice and full stipulation are available on the company’s investor relations website.
LAMPEN RICHARD reported acquisition or exercise transactions in this Form 4 filing.
Douglas Elliman Inc. director Richard Lampen received a restricted stock award of 90,910 shares of common stock on April 10, 2026 under the company’s 2021 Management Incentive Plan. The award carries no purchase price and represents equity-based compensation rather than an open-market transaction.
The restricted shares will vest on April 10, 2027, provided Lampen continues in service, with earlier vesting possible upon death, disability, or a change-of-control. Following this grant, he directly holds 1,244,447 shares of common stock. An additional 3,243 shares are held indirectly by his spouse, for which he disclaims beneficial ownership.
Weitz Perry reported acquisition or exercise transactions in this Form 4 filing.
Douglas Elliman Inc. director Perry Weitz received a grant of restricted stock. On April 10, 2026, the company awarded him 90,910 shares of common stock under its 2021 Management Incentive Plan at no purchase price. Following this grant, he directly holds 149,504 common shares.
The restricted stock award will vest on April 10, 2027, as long as Weitz continues his service through that date. The award can vest earlier if he dies, becomes disabled, or if a change-of-control of the company occurs.
ZEITCHICK MARK reported acquisition or exercise transactions in this Form 4 filing.
Douglas Elliman Inc. director Mark Zeitchick received a grant of 90,910 shares of common stock as a restricted stock award under the company’s 2021 Management Incentive Plan. After this equity award, he holds 388,220 shares directly. The award will fully vest on April 10, 2027, if he continues his service, with earlier vesting possible in the event of death, disability, or a change-of-control.
WHITE WILSON reported acquisition or exercise transactions in this Form 4 filing.
Douglas Elliman Inc. director Wilson White received a grant of 90,910 shares of common stock as a restricted stock award under the company’s 2021 Management Incentive Plan. After this equity award, he directly holds 299,290 shares. The restricted shares are compensation, not an open-market purchase.
The award will vest on April 10, 2027, if White continues in service until that date, or earlier if he dies, becomes disabled, or if a change-of-control occurs. Until vesting, the shares remain subject to these conditions, so the economic benefit is realized over time.
Brodie Bradley Harris reported acquisition or exercise transactions in this Form 4 filing.
Douglas Elliman Inc. granted its SVP, General Counsel and Secretary, Brodie Bradley Harris, a restricted stock award of 175,000 shares of common stock as equity compensation. The grant was made under the company’s 2021 Management Incentive Plan at no cash cost to Harris.
The award will vest in three equal annual installments starting on December 15, 2026, contingent on his continued employment, with provisions for earlier vesting upon a change-of-control and accelerated vesting of the next tranche if he is terminated without cause or resigns for good reason. Following this grant, Harris directly holds 425,000 shares of Douglas Elliman common stock.