Douglas Elliman Inc. announced strong financial results for the first quarter of 2025, with revenues increasing by 27% year-over-year to $253.4 million. The company significantly reduced its operating loss from $41.5 million in Q1 2024 to $5.3 million in Q1 2025, and net loss attributed to Douglas Elliman improved from $41.5 million to $6.0 million.
First quarter 2025 revenues increased by 27% year-over-year, reaching $253.4 million.
Operating loss significantly improved to $5.3 million in Q1 2025, down from $41.5 million in Q1 2024.
Net loss attributed to Douglas Elliman decreased to $6.0 million, or $0.07 per diluted common share, from $41.5 million, or $0.50 per diluted common share, in the prior year.
Adjusted EBITDA attributed to Douglas Elliman turned positive at $1.1 million for Q1 2025, compared to a loss of $17.6 million in Q1 2024.
The company is optimistic about its trajectory and committed to building long-term growth and enhancing stockholder value through continued investment in the agent experience and new technologies.