The company's financial resilience appears strained as the debt-to-equity ratio climbed to 0.61 in 2026Q1, reflecting an increased reliance on debt as the equity base continues to erode.
| Total Current Assets | 151.17M | 161.3M | 196.06M | 181.28M | 225.06M | 280.81M | 148.37M | 118.24M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - |
| Cash Only | 100.49M | 115.51M | 135.66M | 119.81M | 163.86M | 211.62M | 94.42M | 71.48M |
| Short-Term Investments | 0 | 0 | 9.8M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 15.34M | 10.37M | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | -21.16M | 20.18M | 23.14M | 22.64M | 18.66M | 12.17M | 11.85M | 11.57M |
| Total Non-Current Assets | 284.04M | 283.11M | 297.82M | 312.14M | 325.34M | 314.36M | 305.62M | 370.37M |
| Property, Plant & Equipment | 111.19M | 113.46M | 138.19M | 147.89M | 159.49M | 162.92M | 175.81M | 185.37M |
| Fixed Asset Turnover | 8.43x | 9.11x | 7.20x | 6.46x | 7.23x | 8.31x | 4.40x | 4.23x |
| Goodwill | 32.23M | 32.23M | 32.23M | 32.23M | 32.23M | 32.57M | 31.76M | 78.01M |
| Intangible Assets | 71.49M | 71.66M | 72.31M | 72.96M | 73.67M | 74.42M | 68.31M | 80.47M |
| Long-Term Investments | 0 | - | - | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - | - | - |
| Total Assets | 435.21M | 444.41M | 493.89M | 493.42M | 550.4M | 595.17M | 453.98M | 488.61M |
| Asset Turnover | 2.15x | 2.32x | 2.02x | 1.94x | 2.10x | 2.27x | 1.70x | 1.60x |
| Asset Growth % | -20.89% | -10.02% | 0.1% | -10.35% | -7.52% | 31.1% | -7.09% | - |
| Total Current Liabilities | 102.36M | 98.67M | 92.16M | 97.25M | 89.96M | 132.47M | 99.65M | 83.56M |
| Accounts Payable | 3.27M | 3.78M | 3.06M | 6.14M | 5.46M | 5.87M | 6.34M | 3.07M |
| Days Payables Outstanding | 1.46 | 1.61 | 1.5 | - | 2.38 | - | - | 2.13 |
| Short-Term Debt | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - |
| Other Current Liabilities | 78.07M | 19.38M | 20.46M | 20.17M | 13.61M | 23.5M | 19.41M | 23.04M |
| Current Ratio | 1.48x | 1.63x | 2.13x | 1.86x | 2.50x | 2.12x | 1.49x | 1.41x |
| Quick Ratio | 1.48x | 1.63x | 2.13x | 1.86x | 2.50x | 2.00x | 1.38x | 1.41x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 164.78M | 162.46M | 239.31M | 162.02M | 189.99M | 180.83M | 190.74M | 200.76M |
| Long-Term Debt | 80.77M | 0 | 32.67M | 0 | 0 | 176K | 12.92M | 20M |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - |
| Total Liabilities | 267.14M | 261.13M | 331.46M | 259.26M | 279.94M | 313.3M | 290.39M | 284.32M |
| Total Debt | 101.8M | 102.97M | 156.28M | 132.94M | 142.84M | 164.87M | 192.47M | 191.63M |
| Net Debt | 1.3M | -12.54M | 20.62M | 13.13M | -21.02M | -46.76M | 98.05M | 120.14M |
| Debt / Equity | 0.61x | 0.56x | 0.96x | 0.57x | 0.53x | 0.58x | 1.18x | 0.94x |
| Debt / EBITDA | -1.68x | - | - | - | 41.15x | 1.49x | - | 37.15x |
| Net Debt / EBITDA | -0.02x | - | - | - | -6.06x | -0.42x | - | 23.29x |
| Interest Coverage | - | 4.53x | -24.82x | - | 1.70x | - | - | - |
| Total Equity | 168.07M | 183.28M | 162.43M | 234.15M | 270.46M | 281.87M | 163.59M | 204.28M |
| Equity Growth % | -45.24% | 12.84% | -30.63% | -13.42% | -4.05% | 72.3% | -19.92% | - |
| Book Value per Share | 1.96 | 2.05 | 1.94 | 2.85 | 3.67 | 3.31 | 1.92 | 2.50 |
| Total Shareholders' Equity | 168.07M | 183.95M | 162.19M | 233.23M | 268.92M | 279.93M | 163.59M | 204.28M |
| Common Stock | 882K | 883K | 889K | 879K | 809K | 812K | 163.59M | 204.28M |
| Retained Earnings | -124.92M | -108.65M | -123.87M | -47.55M | -5M | 622K | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | -672K | 237K | 923K | 1.54M | 1.94M | 0 | 0 |
Persistent negative retained earnings
As reported in recent financial statements, Douglas Elliman's equity base has contracted significantly from $233.2M in 2023Q4 to $168.1M in 2026Q1, a trend driven by persistent net losses that continue to erode the company's book value and overall financial resilience in a challenging market.
The consistent decline in retained earnings, which reached -$124.9M in 2026Q1, suggests that the firm is struggling to generate sufficient returns to offset its operating costs. This trajectory implies that the business model is currently unable to create shareholder value, necessitating a potential shift in strategy to stabilize the balance sheet.
Based on the company's reported figures, the debt-to-equity ratio has climbed from 0.57 in 2023Q4 to 0.61 in 2026Q1, indicating that management is relying more heavily on debt financing as the equity cushion diminishes during this period of sustained operational losses.
While the absolute debt level of $101.8M appears manageable, the rising leverage ratio in the context of negative earnings warrants caution. Investors should monitor whether the firm can maintain its debt service capacity if transaction volumes in the luxury sector remain suppressed for an extended duration.
According to the latest quarterly filings, Douglas Elliman's cash position has fluctuated, ending 2026Q1 at $100.5M, which represents a notable decline from the $143.0M peak observed in 2025Q3, suggesting that the firm is consuming its liquidity reserves to fund ongoing operations.
The current ratio of 1.48 indicates a narrowing margin of safety compared to previous periods, reflecting the difficulty of maintaining liquidity in a commission-based business model. This trend suggests that the company may face increased pressure to optimize its working capital if the current cash burn persists.
As disclosed in recent balance sheet data, net property, plant, and equipment has decreased from $147.9M in 2023Q4 to $111.2M in 2026Q1, reflecting a reduction in the firm's physical footprint as it attempts to align its cost structure with lower transaction volumes.
The reduction in PPE suggests a strategic effort to move toward a leaner operating model, though the impact on brand presence in premium locations remains a risk. The stability of goodwill at $32.2M implies that no recent impairments have been recognized, though this may warrant further investigation given the current market environment.
Quick answers to the most common questions about buying DOUG stock.
As of 2025, Douglas Elliman Inc. (DOUG) had total assets of $444.4M including $161.3M in current assets.
Douglas Elliman Inc. (DOUG) carries total debt of $103.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Douglas Elliman Inc. (DOUG) has total shareholders' equity (book value) of $183.9M ($2.05 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Douglas Elliman Inc. (DOUG) reported a current ratio of 1.63x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.