Douglas Elliman Inc

Douglas Elliman's capital structure is characterized by a low debt-to-equity ratio of 0.0, indicating no long-term debt obligations. The company maintains a strong liquidity position with $92.86 million in cash and equivalents, supporting a current ratio of 1.78, which is above the industry median for real estate services firms. However, the company reported negative operating cash flow of -$25.97 million and free cash flow of -$0.74 million, suggesting operational cash generation is currently constrained.

Profitability metrics for Douglas Elliman are weak, with a return on equity (ROE) of -0.85% and a return on assets (ROA) of -0.36%, both significantly below the industry median for real estate services. The company reported a net loss of $1.66 million and an operating loss of $3.67 million, reflecting ongoing challenges in achieving profitability. The price-to-book ratio of 0.77 suggests the market values the company at a discount to its book value, which may reflect concerns about its earnings potential.

Geographically, Douglas Elliman's revenue is concentrated in the United States, with no disclosed international operations. The company's revenue concentration in a single region exposes it to local market volatility, particularly in the real estate sector, which is sensitive to macroeconomic conditions. No specific segment breakdown is available, but the company's primary business is residential and commercial real estate brokerage.

The company's growth trajectory is uncertain, with no disclosed revenue growth in the most recent fiscal year. The outlook for the next fiscal year is similarly unclear, with no significant revenue or margin expansion expected. Capital expenditures of -$2.97 million suggest a reduction in investment, which may indicate a strategic shift or financial constraints.

Risk factors for Douglas Elliman include liquidity risk, as the company reported negative operating cash flow and free cash flow, though no immediate liquidity flags were detected. The risk of dilution is currently low, with no recent equity issuances or dilutive events reported. The company's financial performance and lack of profitability may also pose credit risk, particularly if market conditions deteriorate further.

Recent events for Douglas Elliman include the filing of its latest financial report, which disclosed the company's negative operating and net income. No significant regulatory or legal events were reported in the most recent filings. The company's ESG scores indicate moderate social responsibility performance (27.60) and lower governance performance (17.20), with a controversies score of 23.68 suggesting a moderate level of ESG-related risks.

Operating income surged 165.4% year-over-year to $45 million, signaling a strong operational turnaround.

Free cash flow improved by 125.8% to $19.3 million, demonstrating significant cash generation recovery.

The company maintains a debt-to-equity ratio of 0.0, ranking in the top quartile for leverage safety.

Cash conversion of 15.61% is best-in-class compared to the real estate services cohort median of 0.65%.

Revenue grew 3.8% year-over-year to $1.03 billion, indicating stabilization after previous declines.

Return on equity of -0.85% places the company in the bottom quartile of its peer group.

The company faces a high credit risk flag, indicating potential financial stability concerns.

Net income volatility is extreme, swinging from a $98.8 million profit in 2022 to a $76.3 million loss in 2025.

Revenue $243.3M; Operating income -$16.3M.

• ▍Revenue $243.3M
• ▍Operating income -$16.3M
• ▍Net margin -2.5%

Revenue $266.3M; Operating income -$7.4M.

• ▍Revenue $266.3M
• ▍Operating income -$7.4M
• ▍Net margin -10.2%

Revenue $285.8M; Operating income -$3.7M.

• ▍Revenue $285.8M
• ▍Operating income -$3.7M
• ▍Net margin -0.6%

Revenue $995.6M, +4,2% YoY; Operating income −6,7% YoY.

• ▍Revenue $995.6M, +4,2% YoY
• ▍Operating income −6,7% YoY
• ▍Net income −79,3% YoY
• ▍Free cash flow −64,4% YoY
• ▍Net margin -7.7%

Revenue $955.6M, −17,1% YoY; Operating income −1 320,3% YoY.

• ▍Revenue $955.6M, −17,1% YoY
• ▍Operating income −1 320,3% YoY
• ▍Net income −656,9% YoY
• ▍Free cash flow −96,4% YoY
• ▍Net margin -4.5%

Revenue $1.15B, −14,8% YoY; Operating income −104,5% YoY.

• ▍Revenue $1.15B, −14,8% YoY
• ▍Operating income −104,5% YoY
• ▍Net income −105,7% YoY
• ▍Free cash flow −122,5% YoY
• ▍Net margin -0.5%

Revenue $1.35B; Operating income $102.1M.

• ▍Revenue $1.35B
• ▍Operating income $102.1M
• ▍Net margin 7.3%