Douglas Elliman Reports Third-Quarter 2026 Results, Returns to Profit
Douglas Elliman reported third-quarter operating income of $6.3 million, versus an operating loss of $10.7 million a year earlier. Net income was $7.4 million, or $0.08 per diluted share, compared with a net loss of $24.7 million, or $0.29 per diluted share.
Douglas Elliman Inc. reported an operating income of $6.3 million for the third quarter of 2026, marking a recovery from an operating loss of $10.7 million in the same period of 2025. Net income attributed to the company for the third quarter of 2026 was $7.4 million, or $0.08 per diluted 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 and an operating loss of $14.6 million.
CEO Michael S. Li stated that the company has focused on building a stronger foundation over the past two years. The company also maintained a balance sheet with approximately $102.7 million in cash and cash equivalents and $20 million in U.S. Treasury Bills, with no long-term debt.