The real estate firm reported a 15.4% year-over-year revenue decline and a $10.4 million adjusted EBITDA loss for Q1 2026.
Douglas Elliman reported Q1 non-GAAP earnings per share of -$0.14 on revenue of $214.3 million, down 15.4% from the same period last year. The company attributed the decline to weaker market conditions in its core real estate segments.
Adjusted EBITDA for the quarter fell to a loss of $10.4 million, compared to a loss in the prior-year period. The results reflect ongoing challenges in the residential brokerage sector amid higher interest rates and reduced transaction volumes.
No immediate market reaction was disclosed in the release.