| Schedule of Financial Information for the Company's Operations Before Taxes |
Financial information for the Company’s revenue and expenses for the three months ended March 31, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | Three Months Ended | | | | March 31, | | | | 2026 | | 2025 | | | | | Total Revenue | $ | 214,333 | | | $ | 253,403 | | | | | | | | | | | | | | Operating expenses: | | | | | | | | Real estate agent commissions | 167,391 | | | 186,525 | | | | | | Sales and marketing | 17,737 | | | 19,739 | | | | | | Operations and support | 16,240 | | | 17,728 | | | | | | General and administrative | 23,192 | | | 27,325 | | | | | | Technology | 5,238 | | | 5,535 | | | | | | Depreciation and amortization | 1,999 | | | 1,900 | | | | | | | | | | | | | | | | | | | | | | Restructuring | 47 | | | — | | | | | | | | | | | | | | Operating loss | (17,511) | | | (5,349) | | | | | | Other income (expenses): | | | | | | | | | Interest expense | (3) | | | (1,530) | | | | | | | Interest income | 890 | | | 1,361 | | | | | | Equity in earnings from equity-method investments | 388 | | | 2 | | | | | | Change in fair value of the derivative embedded within convertible debt | — | | | (746) | | | | | | Investment and other losses | (40) | | | (22) | | | | | | Loss before provision for income tax | (16,276) | | | (6,284) | | | | | | | Income tax expense | — | | | — | | | | | | | Net loss | (16,276) | | | (6,284) | | | | | | Net loss attributed to non-controlling interest | — | | | 299 | | | | | | | Net loss attributed to Douglas Elliman Inc. | $ | (16,276) | | | $ | (5,985) | | | | | |
The Company’s identifiable assets and capital expenditures for March 31, 2026 and December 31, 2025 were as follows:
| | | | | | | | | | Three Months Ended March 31, 2026 | | | Identifiable assets | | $ | 435,214 | | | Capital expenditures | | $ | 259 | | | | | Year Ended December 31, 2025 | | | Identifiable assets | | $ | 444,409 | | | Capital expenditures | | $ | 3,353 | |
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