Douglas Elliman Q3 net loss narrows to $24.7M; nine-month revenue up 5%, debt-free after note redemption

Douglas Elliman Inc.

2025-Q3 EPS reported -$0.63 revenue$787,607,000

Q3 revenue $262.8M (down 1% YoY); net loss $24.7M ($0.29/share) vs $27.2M loss in Q3 2024.
Nine-month revenue up 5% to $787.6M; net loss narrowed to $53.3M ($0.63/share) from $70.3M YoY.
Company expects ~$75M after-tax gain in Q4 from sale of property management business.
Redeemed convertible notes in Oct 2025; cash ~$126.5M, no debt as of Oct 31, 2025.
Appointed Perry Weitz (Weitz & Luxenberg co-founder) as independent director; Bartels and Vogel resigned.

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