# Douglas Elliman Reports $7.4M Q3 Profit

> Douglas Elliman turns $25M loss into $7.4M profit with core business focus.
- Title: Douglas Elliman Reports $7.4M Q3 Profit · The Real Deal
- Summary: Douglas Elliman turns $25M loss into $7.4M profit with core business focus. Douglas Elliman reported $7.4 million net income for Q3 2026 after nearly $25…
- Keywords: douglas elliman, q3 2026, net income, ceo michael liebowitz, luxury residential brokerage, core business focus, stock buyback, real estate, The Real Deal
- Source: The Real Deal — https://therealdeal.com/national/2026/11/10/douglas-elliman-flips-losses-in-third-quarter
- Author: Sheridan Wall
- Published: 2026-11-10T15:15:59+00:00
- Read time: 1 min
- Topics: douglas elliman, q3 2026, net income, ceo michael liebowitz, luxury residential brokerage, core business focus, stock buyback, real estate, business
## Q3 Profit Report
Douglas Elliman reported $7.4 million net income for Q3 2026, reversing nearly $25 million loss from Q3 2025.
## Growth Strategy
CEO Michael Liebowitz highlighted strengthening the company's foundation and doubling down on luxury residential brokerage.
## Financial Details
Adjusted EBITDA loss of $5.3 million, $103 million cash reserves, and $252 million revenue.
## Key Moves
Company approved $10 million stock buyback and plans to expand development marketing pipeline to $26 billion.
## Leadership Changes
CEO Michael Liebowitz made several leadership changes including new COO and regional executives.
## Technology Focus
Elliman launched AI transformation with new chief technology officer and plans to reduce costs through automation.
## Key takeaway

Douglas Elliman reported $7.4 million net income for Q3 2026 after nearly $25 million loss in Q3 2025, with CEO Michael Liebowitz emphasizing growth through core luxury brokerage operations.