Douglas Elliman Inc. (NYSE: DOUG) announced its financial results for the three and nine months ended September 30, 2026, in a filing dated November 9, 2026. The company reported a third-quarter operating income of $6.3 million, a significant improvement from an operating loss of $10.7 million in the prior year's third quarter. Net income for the quarter was $7.4 million, or $0.08 per diluted common share, compared to a net loss of $24.7 million, or $0.29 per diluted share, in the third quarter of 2025.
For the nine months ended September 30, 2026, the company recorded revenues of $749.9 million, a decrease from $787.6 million during the same period in 2025. During this period, Douglas Elliman reported an operating loss of $14.6 million and a net loss of $11.6 million, or $0.14 per diluted share. The company noted that these results exclude property management revenues, which were disposed of in October 2025.
On the balance sheet, Douglas Elliman reported cash and cash equivalents of approximately $102.7 million as of September 30, 2026, alongside an additional $20 million in a U.S. Treasury Bill. The company has no long-term debt. The Board of Directors has approved a share repurchase program authorizing the repurchase of up to $10 million of common stock, funded from cash on hand. As of November 4, 2026, the company had approximately 91 million shares of common stock outstanding.
The company also highlighted its development marketing pipeline, which is valued at approximately $26 billion, with an additional $11.8 billion scheduled to come to market through December 31, 2027. In terms of transaction activity, the company achieved a gross transaction value of approximately $10.0 billion in the third quarter of 2026, with an average price per transaction of $1.83 million.
Management announced strategic leadership changes, including the appointment of Sharon Milz as Head of AI Technology Transformation and Nick Patino as Director of AI Enablement. Additionally, Jamie Gagliano was appointed as Chief Operations Officer, Brokerage. The company will host a conference call and webcast to discuss these results on Tuesday, November 10, 2026, at 8:00 a.m. (ET).
