Highest-materiality recent filing
Douglas Elliman Q1 net loss widens to $16.3M; revenue falls 15% to $214.3M
Revenue of $214.3M, down from $253.4M YoY; property management disposition cut ~$9.5M.
Douglas Elliman settles derivative lawsuit for $17.5M; fairness hearing June 29
Settlement payment of $17.5M to the company, funded by insurers, subject to court approval.
Douglas Elliman Q4 net income $68.6M vs loss $6.0M a year ago; full year net income $15.2M
Q4 2025 revenues $245.4M (up from $243.3M); operating income $67.0M vs loss $16.3M.
Q3 revenue $262.8M (down 1% YoY); net loss $24.7M ($0.29/share) vs $27.2M loss in Q3 2024.
Sold DEPM (co-op/condo/rental management in NY & TX) to PMG Holdings for $85M base purchase price, closed Oct 24, 2025.
Douglas Elliman Q2 net loss widens to $22.7M despite H1 revenue growth of 8%
Q2 2025 revenue $271.4M, down 5% YoY from $285.8M; operating loss $5.5M vs $3.7M loss.
Douglas Elliman Q1 2025 revenue $253.4M (+27% YoY); net loss $6.0M vs $41.5M prior year
Q1 2025 revenues $253.4 million, up 27% YoY from $200.2 million.
Douglas Elliman Q4 revenue $243.3M, net loss narrows to $0.07/share
Q4 2024 revenue $243.3M (+13.6% YoY); operating loss $16.3M vs $23.6M
Douglas Elliman enters CEO employment agreement with Michael Liebowitz
Liebowitz gets $800k salary, $800k signing bonus (pro-rata clawback if terminated without cause within 2 years).
Douglas Elliman Q3 revenue up 6% to $266.3M; net loss widens to $27.2M on $20.2M derivative charge
Revenue $266.3M vs $251.5M in Q3 2023; operating loss improved to $7.4M from $8.8M.
Scott Durkin terminated as President and CEO of Douglas Elliman Realty
Scott Durkin terminated as President and CEO of Douglas Elliman Realty, LLC.
CEO Howard Lorber resigns; board director Michael Liebowitz named Chairman & CEO
Howard Lorber resigned as Chairman, CEO, and President effective Oct 21, 2024, citing retirement.
Douglas Elliman Q2 revenue $285.8M, net loss narrows to $0.02/sh; brokerage profitable
Q2 revenue $285.8M (+3.6% YoY); gross transaction value ~$10.6B vs $9.9B prior year.
Douglas Elliman issues $50M convertible notes to Kennedy Lewis; Q2 GTV prelim $10.25-$11.25B
Issued $50M senior secured convertible notes due 2029 at 7% cash/8% PIK interest, conversion price $1.50 per share (19% premium).
Douglas Elliman Q1 revenue down 6% to $200.2M; net loss $41.5M with $17.75M litigation charge
Revenue $200.2M vs $214.0M prior year; real estate brokerage GTV ~$7.1B (down from ~$7.3B).
Settles Gibson and Umpa class actions on behalf of sellers regarding real estate brokerage fees nationwide.
Douglas Elliman Q4 2023 revenue up 3.3% YoY, full-year operating loss widens to $64.5M
Q4 revenue $214.1M (+3.3% YoY); gross transaction value ~$7.9B vs $7.5B.
On November 26, 2024, the Board of Directors (the “ Board ”) of Douglas Elliman Inc. (the “ Company ”) appointed Scott Vogel as a Class III director to the Board to fill an existing vacancy on the Board.
On November 24, 2024, Douglas Elliman Inc. (the “Company”) entered into an employment agreement, effective as of October 22, 2024 (the “Liebowitz Employment Agreement”), with Michael Liebowitz, which sets forth the terms and conditions of his employment as the Company’s Chief Executive Officer.
On October 30, 2024, Douglas Elliman Inc. (the “Company”) and James D. Ballard, the Company’s Senior Vice President – Enterprise Efficiency and Chief Technology Officer, mutually agreed to terminate Mr. Ballard’s employment, effective immediately.
O n October 30, 2024, Douglas Elliman Inc. (the “ Company ”) entered into an employment agreement, effective as of October 7, 2024 (the “ Kirkland Employment Agreement ”), with James Bryant Kirkland III, which sets forth the terms and conditions of his employment as the Company’s Executive Vice President, Treasurer and Chief Financial Officer and Secretary.
Employment Agreement with James Bryant Kirkland III O n October 30, 2024, Douglas Elliman Inc. (the “ Company ”) entered into an employment agreement, effective as of October 7, 2024 (the “ Kirkland Employment Agreement ”), with James Bryant Kirkland III, which sets forth the terms and conditions of his employment as the Company’s Executive Vice President, Treasurer and Chief Financial Officer and Secretary.
On October 25, 2024, Scott Durkin, the President and Chief Executive Officer of Douglas Elliman Realty, LLC, was terminated, effectively immediately.
On October 21, 2024, Howard M. Lorber notified the Board of Directors (the “ Board ”) of Douglas Elliman Inc. (the “ Company ”) of his resignation as Chairman of the Board and Chief Executive Officer and President of the Company, effective immediately.
On October 22, 2024, the Board appointed Michael Liebowitz, an existing director of the Company, as the Company’s Chief Executive Officer (and principal executive officer) and Chairman of the Board, effective immediately, to fill the vacancies created by Mr. Lorber’s resignation.
On July 2, 2024, effective immediately after Closing, the Board appointed David K. Chene and Patrick J. Bartels Jr. as Class III directors
On July 2, 2024, effective immediately after Closing, the Board appointed David K. Chene and Patrick J. Bartels Jr. as Class III directors
Ronald J. Kramer and Lynn Mestel resigned from the Board and all committees thereof.
Ronald J. Kramer and Lynn Mestel resigned from the Board and all committees thereof.
Max materiality 0.85 · Median 0.65 · Most common event earnings