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Jun 30
Douglas Elliman Q2 2025 Earnings Report
Douglas Elliman reported a higher net loss on slightly lower revenue compared to the same quarter last year.
Key Takeaways
Douglas Elliman experienced a decline in revenue and a significantly larger net loss in Q2 2025, despite steady transaction volumes and strong average transaction values.
Revenue for Q2 2025 was $271.4 million, down from $285.8 million in Q2 2024
Net loss widened to $22.7 million from $1.7 million year-over-year
Adjusted net loss was $4.7 million or $0.06 per diluted share
Gross transaction value for the quarter was $10.2 billion
Douglas Elliman
Douglas Elliman
Douglas Elliman Revenue by Segment
Revenue by Segment
Brokerage income Revenue
CapyFin.comProperty mgmt Revenue
CapyFin.comAncillary services Revenue
CapyFin.com Forward Guidance
Douglas Elliman emphasized its strong cash position and strategic investments in key markets to support long-term growth.
Positive Outlook
- Strong cash balance of $136 million
- Continued investment in agent growth and key markets
- Improved adjusted EBITDA performance over prior periods
- Leadership position in U.S. luxury real estate affirmed
- Focus on long-term value creation for stakeholders
Challenges Ahead
- Increased net loss compared to the prior year quarter
- Decline in gross transaction value year-over-year
- Adjusted net loss increased to $4.7 million
- Revenue decline compared to Q2 2024
- Operating losses persist despite narrowing over 6-month period