Douglas Elliman Inc. (DOUG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4400 BISCAYNE BLVD MIAMI, FL 33137 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6531 - Real Estate Agents and Managers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 145,461 | 120,970 | 165,734 | 213,845 | |||
| Cash and cash equivalent | 135,657 | 119,808 | 163,859 | 211,623 | |||
| Short-term investments | 9,804 | 1,162 | 1,875 | 2,222 | |||
| Restricted cash and investments | 4,081 | 7,171 | 4,985 | 15,336 | |||
| Receivables | 19,598 | 27,101 | 29,709 | 32,488 | |||
| Contract with customer, asset, after allowance for credit loss | 2,187 | ||||||
| Other current assets | 19,054 | 15,474 | 13,680 | 12,166 | |||
| Other undisclosed current assets | 7,871 | 10,559 | 10,951 | 4,783 | |||
| Total current assets: | 196,065 | 181,275 | 225,059 | 280,805 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 100,491 | 108,172 | 117,773 | 123,538 | |||
| Property, plant and equipment | 37,700 | 39,718 | 41,717 | 39,381 | |||
| Long-term investments and receivables | 8,094 | ||||||
| Long-term investments | 8,094 | ||||||
| Intangible assets, net (including goodwill) | 32,230 | 32,230 | 32,230 | 106,992 | |||
| Goodwill | 32,230 | 32,230 | 32,230 | 32,571 | |||
| Intangible assets, net (excluding goodwill) | 74,421 | ||||||
| Contract with customer, asset, after allowance for credit loss | 37,123 | 36,040 | 38,913 | 28,996 | |||
| Restricted cash and investments | 1,907 | ||||||
| Deferred income tax assets | 977 | ||||||
| Other noncurrent assets | 6,425 | 7,212 | 6,483 | 4,842 | |||
| Other undisclosed noncurrent assets | 83,854 | 87,795 | 88,227 | 614 | |||
| Total noncurrent assets: | 297,823 | 312,144 | 325,343 | 314,364 | |||
| TOTAL ASSETS: | 493,888 | 493,419 | 550,402 | 595,169 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 11,352 | 19,048 | 23,684 | 32,560 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 1,240 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 25,446 | ||
| Accounts payable | 3,056 | 6,136 | 5,456 | 5,874 | |||
| Accrued liabilities | 8,296 | 12,912 | 18,228 | ||||
| Deferred revenue | 18,225 | 11,234 | 8,222 | 6,689 | |||
| Debt | 12,527 | ||||||
| Estimated litigation liability | |||||||
| Other liabilities | 20,456 | 20,171 | 13,607 | 22,259 | |||
| Other undisclosed current liabilities | 42,124 | 46,796 | 44,445 | 58,432 | |||
| Total current liabilities: | 92,157 | 97,249 | 89,958 | 132,467 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation, including: | 32,670 | 176 | |||||
| Long-term debt, excluding current maturities | 32,670 | 176 | |||||
| Other undisclosed long-term debt and lease obligation | (129,496) | ||||||
| Liabilities, other than long-term debt | 176,383 | 162,016 | 189,987 | 51,157 | |||
| Deferred revenue | 63,765 | 51,178 | 54,706 | 39,557 | |||
| Deferred income tax liabilities | 14,467 | 11,412 | |||||
| Estimated litigation liability | 10,000 | ||||||
| Other liabilities | 683 | 133 | 306 | 188 | |||
| Operating lease, liability | 101,935 | 110,705 | 120,508 | 129,496 | |||
| Other undisclosed noncurrent liabilities | 30,253 | 129,496 | |||||
| Total noncurrent liabilities: | 239,306 | 162,016 | 189,987 | 180,829 | |||
| Total liabilities: | 331,463 | 259,265 | 279,945 | 313,296 | |||
| Equity | |||||||
| Equity, attributable to parent | 162,188 | 233,231 | 268,920 | 279,934 | |||
| Common stock | 889 | 879 | 809 | 812 | |||
| Additional paid in capital | 285,167 | 279,904 | 273,111 | 278,500 | |||
| Retained earnings (accumulated deficit) | (123,868) | (47,552) | (5,000) | 622 | |||
| Equity, attributable to noncontrolling interest | 237 | 923 | 1,537 | 1,939 | |||
| Total equity: | 162,425 | 234,154 | 270,457 | 281,873 | |||
| TOTAL LIABILITIES AND EQUITY: | 493,888 | 493,419 | 550,402 | 595,169 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Revenues | 995,627 | 955,578 | 1,153,177 | 1,353,138 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (5,241) | (4,712) | (4,064) | (3,331) | ||
| Gross profit: | 990,386 | 950,866 | 1,149,113 | 1,349,807 | ||
| Operating expenses | (219,170) | (211,494) | (217,184) | (169,972) | ||
| Other undisclosed operating loss | (840,042) | (803,869) | (936,470) | (1,077,737) | ||
| Operating income (loss): | (68,826) | (64,497) | (4,541) | 102,098 | ||
| Nonoperating income (Investment Income, Nonoperating) | 5,289 | 633 | 3,429 | 529 | ||
| Interest and debt expense | (2,939) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (66,476) | (63,864) | (1,112) | 102,627 | ||
| Income (loss) from equity method investments | 36 | (168) | (563) | (278) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (9,445) | 5,813 | 1,779 | (1,564) | ||
| Income (loss) from continuing operations before income taxes: | (75,885) | (58,219) | 104 | 100,785 | ||
| Income tax expense (benefit) | (1,117) | 15,053 | (6,503) | (2,133) | ||
| Income (loss) from continuing operations: | (77,002) | (43,166) | (6,399) | 98,652 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 98,652 | |
| Net income (loss): | (77,002) | (43,166) | (6,399) | 98,652 | ||
| Net income attributable to noncontrolling interest | 686 | 614 | 777 | 186 | ||
| Net income (loss) attributable to parent: | (76,316) | (42,552) | (5,622) | 98,838 | ||
| Other undisclosed net loss available to common stockholders, basic | (307) | (704) | (12) | |||
| Net income (loss) available to common stockholders, diluted: | (76,316) | (42,859) | (6,326) | 98,826 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (77,002) | (43,166) | (6,399) | 98,652 | ||
| Comprehensive income (loss): | (77,002) | (43,166) | (6,399) | 98,652 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 686 | 614 | 777 | 186 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (76,316) | (42,552) | (5,622) | 98,838 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.