Douglas Elliman Inc 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended June30, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 DOUGLAS ELLIMAN INC. (Exact name of registrant as specified in its charter) (I.R.S. Employer Identification No.) 4400 Biscayne BoulevardMiami, Florida 33137305-579-8000(Address, including zip code and telephone number, including area code,of the principal executive offices) Securities Registered Pursuant to 12(b) of the Act: Common stock, par value $0.01 per share Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit and post such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☐Large accelerated filerAccelerated filer☐Non-accelerated filerSmaller reportingcompany☐Emerging GrowthCompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐YesNo At July31, 2026, Douglas Elliman Inc. had 90,890,473shares of common stock outstanding. DOUGLAS ELLIMAN INC. FORM 10-Q TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1. Douglas Elliman Inc. Condensed Consolidated Financial Statements (Unaudited):Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 20252Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 20253Condensed Consolidated Statements of Stockholders' Equity for the three and six months ended June 30, 2026 and 20254Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 20256Notes to Condensed Consolidated Financial Statements7Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item 3. Quantitative and Qualitative Disclosures About Market Risk38Item 4. Controls and Procedures38 PART II. OTHER INFORMATION Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 5. Other InformationItem 6. ExhibitsSIGNATURE DOUGLAS ELLIMAN INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in Thousands, Except Per Share Amounts)Unaudited DOUGLAS ELLIMAN INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(Dollars in Thousands, Except Share Amounts)Unaudited DOUGLAS ELLIMAN INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(Dollars in Thousands, Except Share Amounts)Unaudited DOUGLAS ELLIMAN INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Dollars in Thousands, Except Per Share Amounts)Unaudited 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a)Basis of Presentation: Douglas Elliman Inc. (“Douglas Elliman” or the “Company”) is engaged in the real estate services business. The condensedconsolidated financial statements of Douglas Elliman include the accounts of DER Holdings LLC and DOUG Ventures, LLC (“DOUGVentures”), a directly and an indirectly wholly owned subsidiary of the Company, respectively. DER Holdings LLC owns Douglas EllimanRealty, LLC and Douglas Elliman of California, Inc., which are engaged in the residential real estate brokerage business with theirsubsidiaries. The operations of DOUG Ventures consist of minority investments in PropTech companies. Certain references to “Douglas Elliman Realty” refer to the Company’s residential real estate brokerage business, including theoperations of Douglas Elliman Realty, LLC and Douglas Elliman of California Inc., unless otherwise specified. The unaudited, interim condensed consolidated financial statements have been prepared in accordance with U.S. generally acceptedaccounting principles (“U.S. GAAP”) for interim financial information and, in management’s opinion, contain all adjustments, consistingonly of normal recurring items, necessary for a fai