Here are the 10-K annual reports from Douglas Elliman Inc. (DOUG) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow DOUG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DOUG filings page.
Douglas Elliman Inc. filed its Form 10-K outlining its 2025 performance and risks as a luxury-focused real estate services company. The firm operates 114 offices with about 5,800 agents across major U.S. markets and launched Elliman International to extend its brand to Europe and other regions.
The company emphasizes a technology-enabled, asset-light model, with an average 2025 transaction value of roughly $1.86 million, up from $1.67 million in 2024, and strong positioning in New York, which generated about 50% of revenue. Total assets were about $444 million, including $11.4 million in PropTech investments.
In October 2025, Douglas Elliman sold its property management business (DEPM) for $85 million to sharpen its focus on pure-play luxury brokerage. It also expanded ancillary services such as title, escrow and a new Elliman Capital mortgage platform. The filing highlights extensive market, regulatory, litigation and technology risks, including industry commission litigation settlements and evolving AI and cybersecurity threats.