---
schema_version: "secwatch.filing_event.v1"
accession: "0001878897-23-000015"
form_type: "8-K"
ticker: "DOUG"
cik: "0001878897"
company_name: "Douglas Elliman Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:57:28.519400+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Douglas Elliman restates Q1 2023 results; net loss widens to $0.23 per share

## Summary
- Real estate agent commission expense increased by $3.2M, raising operating loss to $23.8M.
- Net loss attributed to Douglas Elliman increased by $2.5M to $17.6M ($0.23 per diluted share).
- Adjusted EBITDA loss widened to $17.6M from previously reported $14.4M.
- Revenue unchanged at $214.0M, down from $308.9M in Q1 2022.
- Quarterly Report on Form 10-Q to be filed shortly with adjustments.

## SEC filing metadata
- accession: 0001878897-23-000015
- form_type: 8-K
- ticker: DOUG
- cik: 0001878897
- company_name: Douglas Elliman Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878897/000187889723000015/0001878897-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878897/000187889723000015/doug-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001878897-23-000015
- JSON: https://secwatch.observer/filing/0001878897-23-000015.json
- Plain text: https://secwatch.observer/filing/0001878897-23-000015.txt

## Key facts
- Earnings Releases
  Douglas Elliman Inc. reported three months ended March 31, 2023 results: revenue $214.0 million, net income $17.6 million, EPS $0.23 per diluted common share.
  - Period: three months ended March 31, 2023
  - Revenue: $214.0 million
  - Net income: $17.6 million
  - EPS: $0.23 per diluted common share
  - Result: reported results
  source text: First quarter 2023 revenues were $214.0 million, compared to revenues of $308.9 million for the first quarter of 2022. The Company recorded an operating loss of $23.8 million for the first quarter of 2023, compared to operating income of $7.9 million for the first quarter of 2022. Net loss attributed to Douglas Elliman for the first quarter of 2023 was $17.6 million, or $0.23 per diluted common share, compared to net income of $6.5 million, or $0.08 per diluted common share, for the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1878897/000187889723000015/0001878897-23-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.