"Douglas Elliman reported a net loss of nearly $25 million in the third quarter of 2025, an improvement from the $27.2 million loss in the prior year. Despite this, company executives emphasized the firm's financial independence and focus on the luxury market. Key financial results for Q3 2025 included a net loss of $24.7 million ($0.29 per share), revenues of $262.8 million (a slight decrease), and improved adjusted EBITDA of $2.7 million."
"Gross transaction value also increased to approximately $10.0 billion. CEO Michael S. Liebowitz highlighted the firm's independence and strategy, including international expansion and AI technology investments. CFO Bryant Kirkland noted a strong cash balance, and the company is now debt-free, anticipating future growth from its development pipeline."
Douglas Elliman posted a third-quarter 2025 net loss of $24.7 million ($0.29 per share), an improvement from the prior year's $27.2 million loss. Revenue for the quarter was $262.8 million, a slight decline, while adjusted EBITDA improved to $2.7 million. Gross transaction value rose to about $10.0 billion. Executives emphasized the firm’s financial independence and focus on the luxury market, highlighted plans for international expansion and investments in AI technology, and reported a strong cash balance. The company achieved a debt-free position and expects future growth from its development pipeline.
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