Douglas Elliman Inc. (DOUG)

In the past six months, Douglas Elliman's stock has decreased by approximately 30% since December 31, 2025. On March 13, 2026, Douglas Elliman reported its fourth-quarter and full-year 2025 financial results, which presented a mixed picture. While the company reported a GAAP net income of $68.6 million for Q4 2025 and $15.2 million for the full year 2025, this profitability was largely driven by an $81.7 million gain from the sale of its property management business in October 2025. Q4 2025 revenue of $245.4 million missed analyst expectations, and the adjusted EBITDA for Q4 2025 showed a wider loss compared to Q4 2024. The sale of the property management division for $85 million in October 2025 also allowed the company to redeem its outstanding convertible notes.

Douglas Elliman's business traditionally experiences seasonality in the demand for its products and services.

Douglas Elliman, Inc. is a real estate services and property technology investment company in the United States, operating in the Real Estate sector. It provides services like residential real estate brokerage, development marketing and sales, property management, insurance, title, and escrow services. The company also invests in PropTech opportunities through New Valley Ventures LLC and is known for its focus on luxury properties.

Douglas Elliman has a significant geographic presence across the United States and has expanded internationally. It is one of the largest residential brokerage companies in the New York metropolitan area, encompassing New York City, Long Island, Westchester, Connecticut, New Jersey, and the Hamptons. The company also has substantial operations in Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington D.C.. Douglas Elliman offers its services internationally and launched its first global office in the fall of 2025, with plans for further expansion into Canada.

Douglas Elliman's brand is associated with service, luxury, and forward-thinking, building on a century-long heritage. The company focuses on innovation, talent, and client/agent focus, with efforts to digitize, integrate, and simplify real estate activities. In the past year, the company has made strategic moves to enhance its brand and services, including the establishment of Elliman International in June 2025 and the launch of Elliman Capital, a mortgage platform that expanded to New York.

Douglas Elliman Inc. has a significant institutional ownership base, with 131 institutional owners holding a total of 45,194,320 shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Clearline Capital LP, Renaissance Technologies Llc, Moerus Capital Management LLC, Hotchkis & Wiley Capital Management Llc, Portolan Capital Management, LLC, Ameriprise Financial Inc, Geode Capital Management, Llc, and First Eagle Investment Management, LLC. Phillip Frost is the largest individual shareholder, holding 8.6% of outstanding shares, and CEO Michael Liebowitz directly holds 3.2%. Insiders collectively maintain a significant holding, representing 20% of the company's shares.