v3.26.1
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company is managed as a single operating and reporting segment and its CODM evaluates the operating results and revenues of the Company to make decisions. Consequently, the measure of segment profit or loss is the condensed consolidated net income (loss). The measure of segment assets is reported on the Company’s condensed consolidated balance sheets.
Financial information for the Company’s revenues and expenses for the three and six months ended June 30, 2026 and 2025 were as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Total Revenues$283,449 $271,366 $497,782 $524,769 
Operating expenses:
Real estate agent commissions
224,259 204,594 391,650 391,119 
Sales and marketing
19,731 20,069 37,468 39,808 
Operations and support
17,771 17,775 34,011 35,503 
General and administrative
17,795 26,177 38,946 53,502 
Technology
5,591 5,766 10,829 11,301 
Depreciation and amortization
1,989 2,219 3,988 4,119 
Antitrust litigation settlement expense— — 2,041 — 
Restructuring
146 298 193 298 
Gain on disposal of business
(408)— (408)— 
Operating loss
(3,425)(5,532)(20,936)(10,881)
Other income (expenses):
Interest expense(2)(1,545)(5)(3,075)
Interest income719 1,259 1,609 2,620 
Equity in (losses) earnings from equity-method investments(9)199 379 201 
Change in fair value of the derivative embedded within convertible debt
— (16,969)— (17,715)
Investment and other losses
(17)(37)(57)(59)
Loss before provision for income tax
(2,734)(22,625)(19,010)(28,909)
Income tax expense— — — — 
Net loss(2,734)(22,625)(19,010)(28,909)
Net (income) loss attributed to non-controlling interest— (48)— 251 
Net loss attributed to Douglas Elliman Inc.$(2,734)$(22,673)$(19,010)$(28,658)
For the three months ended June 30, 2026, $1,583 of stock-based compensation is included within General and administrative expenses and $71 is included within Operations and support expenses on the condensed consolidated statements of operations. For the three months ended June 30, 2025, $1,856 of stock-based compensation is included within General and administrative expenses and $268 is included within Operations and support expenses on the condensed consolidated statements of operations.
For the six months ended June 30, 2026, $2,682 of stock-based compensation is included within General and administrative expenses and $140 is included within Operations and support expenses on the condensed consolidated statements of operations. For the six months ended June 30, 2025, $3,626 of stock-based compensation is included within General and administrative expenses and $533 is included within Operations and support expenses on the condensed consolidated statements of operations.
The Company’s identifiable assets and capital expenditures for June 30, 2026 and December 31, 2025 were as follows:

Six Months Ended June 30, 2026
Identifiable assets
$444,297 
Capital expenditures$943 
Year Ended December 31, 2025
Identifiable assets
$444,409 
Capital expenditures$3,353