After seeing its revenue fall in the first quarter, Douglas Elliman appears to have bounced back. When comparing current numbers to Q2 2025 — minus revenue from that division — the revenue gain was 8.6%. "This is a fundamental redesign of how Douglas Elliman operates, and more importantly, how we create value." Net income/loss: A net loss of $2.7 million, an improvement over the net loss of $22.7 million one year earlier. As Liebowitz noted during Friday's investor call, Douglas Elliman has continued expanding the reach of its in-house mortgage platform, pushing Elliman Capital into California in May and into Texas in July.