Douglas Elliman (DOUG) financial statements
Douglas Elliman reported revenue of $1.0B in fiscal 2025, up 4.7% a year over 6 years.
Net income was $15M and the operating margin 4.4%, against -0.4% in 2019.
Free cash flow was -$17M.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Douglas Elliman's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $784M | $774M | $1.4B | $1.2B | $956M | $996M | $1.0B |
| Selling, general and admin | $173M | $140M | $170M | $217M | $209M | $200M | $192M |
| Operating income | -$3M | -$49M | $102M | -$5M | -$64M | -$69M | $45M |
| Interest expense | — | — | — | $148,000 | $28,000 | $3M | $5M |
| Pre-tax income | $9M | -$46M | $101M | $104,000 | -$58M | -$76M | $18M |
| Income tax | $354,000 | $44,000 | $2M | $7M | -$15M | $1M | $4M |
| Net income | $8M | -$46M | $99M | -$6M | -$43M | -$76M | $15M |
| EPS (diluted) | $0.11 | -$0.60 | $1.21 | -$0.08 | -$0.52 | -$0.91 | $0.17 |
| Diluted shares | 78M | 78M | 82M | 82M | 82M | 84M | 85M |
| Operating margin | -0.4% | -6.4% | 7.5% | -0.4% | -6.7% | -6.9% | 4.4% |
| Net margin | 1.1% | -6.0% | 7.3% | -0.5% | -4.5% | -7.7% | 1.5% |
Balance sheet
Fiscal years, from Douglas Elliman's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $71M | $94M | $212M | $164M | $120M | $145M | $116M |
| Receivables | — | $24M | $32M | $22M | $22M | $20M | $20M |
| Total current assets | — | $148M | $281M | $225M | $181M | $196M | $161M |
| Property, plant and equipment | — | $43M | $39M | $42M | $40M | $38M | $30M |
| Goodwill | — | $32M | $33M | $32M | $32M | $32M | $32M |
| Total assets | $489M | $454M | $595M | $550M | $493M | $494M | $444M |
| Total current liabilities | — | $100M | $132M | $90M | $97M | $92M | $99M |
| Long-term debt | — | $13M | $176,000 | $0 | $0 | $33M | $0 |
| Total liabilities | — | $290M | $313M | $280M | $259M | $331M | $261M |
| Shareholders' equity | $204M | $164M | $280M | $269M | $233M | $162M | $184M |
| Net debt | -$71M | -$69M | -$199M | -$164M | -$120M | -$103M | -$116M |
Cash flow
Fiscal years, from Douglas Elliman's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $8M | $32M | $128M | -$15M | -$30M | -$26M | -$14M |
| Capital spending | $8M | $6M | $4M | $9M | $6M | $6M | $3M |
| Free cash flow | -$502,000 | $26M | $124M | -$23M | -$37M | -$31M | -$17M |
| Stock-based compensation | — | $0 | $0 | $11M | $13M | $7M | $9M |
| Dividends paid | — | $0 | $0 | $16M | $4M | $0 | $0 |
| Net borrowing | -$155,000 | -$63,000 | -$361,000 | -$13M | $0 | $49M | $0 |
| Free cash flow margin | -0.1% | 3.3% | 9.1% | -2.0% | -3.8% | -3.2% | -1.7% |
| Dividends per share | — | — | — | $0.20 | $0.05 | — | — |
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Open DOUG in InvestinglyQuestions
What was Douglas Elliman's revenue in 2025?
$1.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Douglas Elliman generate?
-$17M in fiscal 2025 (operating cash flow minus capital spending).
From Douglas Elliman's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.