Douglas Elliman Inc. announced its financial results for the first quarter ended March 31, 2025, on May 1, 2025. The company reported revenues of $253.4 million, a 26.6% increase compared to $200.2 million in the first quarter of 2024.
The operating loss significantly narrowed to $5.3 million in Q1 2025, a substantial improvement from an operating loss of $41.5 million in Q1 2024. Net loss attributed to Douglas Elliman also improved to $6.0 million, or $0.07 per diluted common share, from $41.5 million, or $0.50 per diluted common share, in the prior-year quarter.
Adjusted EBITDA turned positive at $1.1 million for Q1 2025, a significant improvement from a loss of $17.6 million in Q1 2024. Adjusted Net Loss also improved to $2.4 million, or $0.03 per diluted share, from $23.1 million, or $0.28 per diluted share, in Q1 2024.
Gross Transaction Value for the first quarter of 2025 reached approximately $9.9 billion, an increase from $7.1 billion in Q1 2024. The average price per transaction rose to $2.0 million, reflecting the company's focus on the luxury market. Douglas Elliman maintained a strong cash position with $136.8 million in cash and cash equivalents as of March 31, 2025.
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