Douglas Elliman (DOUG) 10-Q/A 9 Nov 23 2023 Q2 Quarterly report (amended) Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	May 05, 2023
Cover [Abstract]
Document Type	10-Q/A
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity Registrant Name	DOUGLAS ELLIMAN INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	1-41054
Entity Tax Identification Number	87-2176850
Entity Address, Address Line One	4400 Biscayne Boulevard
Entity Address, City or Town	Miami
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33137
City Area Code	305
Local Phone Number	579-8000
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	DOUG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		88,632,319
Entity Central Index Key	0001878897
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	true
Amendment Description	This Amendment No. 1 on Form 10-Q/A (the “Amendment”) amends the Quarterly Report on Form 10-Q of Douglas Elliman Inc. (the “Company”) for the period ended June 30, 2023, originally filed with the Securities and Exchange Commission (“SEC”) on August 9, 2023 (the “Original Filing”). This Amendment is being filed solely to amend the certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2022 appended as Exhibits 31.1 and 31.2. Specifically, the Company is refiling these certifications solely to include the introductory language of paragraph 4 and the language of paragraph 4(b) referring to internal control over financial reporting, which language was inadvertently omitted from the Company’s certifications in the Original Filing.This Amendment should be read in conjunction with the Original Filing and the Company’s other filings made with the SEC subsequent to the filing of the Original Filing on August 9, 2023. This Amendment is not intended to, nor does it, reflect events occurring after the filing of the Original Filing, and does not modify or update the disclosures therein in any way other than as required to reflect the changes described above.

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 123,662	$ 163,859
Receivables	24,227	22,162
Agent receivables, net	19,507	12,826
Income taxes receivable, net	7,647	7,547
Restricted cash and cash equivalents	5,404	4,985
Other current assets	17,613	13,680
Total current assets	198,060	225,059
Property, plant and equipment, net	42,544	41,717
Operating lease right-of-use assets	113,105	117,773
Long-term investments (includes $5,345 and $6,219 at fair value)	12,669	12,932
Contract assets, net	36,004	38,913
Goodwill	32,230	32,230
Other intangible assets, net	73,489	73,666
Equity-method investments	2,055	1,629
Other assets	6,633	6,483
Total assets	516,789	550,402
Current liabilities:
Current operating lease liability	22,808	22,328
Accounts payable	6,174	5,456
Commissions payable	25,783	22,117
Accrued salaries and benefits	3,371	18,228
Contract liabilities	7,711	8,222
Other current liabilities	22,480	13,607
Total current liabilities	88,327	89,958
Deferred income taxes, net	9,077	14,467
Non-current operating lease liabilities	115,192	120,508
Contract liabilities	52,837	54,706
Other liabilities	137	306
Total liabilities	265,570	279,945
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred stock, par value $0.01 per share, 10,000,000 shares authorized	0	0
Common stock, par value $0.01 per share, 250,000,000 shares authorized, 84,416,022 and 80,881,022 shares issued and outstanding	844	809
Additional paid-in capital	271,678	273,111
Accumulated deficit	(22,624)	(5,000)
Total Douglas Elliman Inc. stockholders' equity	249,898	268,920
Non-controlling interest	1,321	1,537
Total stockholders' equity	251,219	270,457
Total liabilities and stockholders' equity	$ 516,789	$ 550,402

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Long-term investments, fair value	$ 5,345	$ 6,219
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	84,416,022	80,881,022
Common stock, shares outstanding (in shares)	84,416,022	80,881,022

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Revenues:
Total revenues	$ 213,982	$ 308,900
Expenses:
Sales and marketing	21,239	19,306
General and administrative	32,295	32,830
Depreciation and amortization	2,039	2,079
Operating (loss) income	(23,808)	7,879
Other income (expenses):
Interest income	1,105	39
Equity in (losses) earnings from equity-method investments	(73)	532
Investment and other (loss) income	(454)	752
(Loss) income before provision for income taxes	(23,230)	9,202
Income tax (benefit) expense	(5,390)	2,917
Net (loss) income	(17,840)	6,285
Net loss attributed to non-controlling interest	216	225
Net (loss) income attributed to Douglas Elliman Inc.	$ (17,624)	$ 6,510
Per basic common share:
Net (loss) income applicable to common shares attributed to Douglas Elliman Inc. (in dollars per share)	$ (0.23)	$ 0.08
Per diluted common share:
Net (loss) income applicable to common shares attributed to Douglas Elliman Inc. (in dollars per share)	$ (0.23)	$ 0.08
Restructuring	$ 1,210	$ 0
Commissions and other brokerage income
Revenues:
Total revenues	202,036	295,109
Property management
Revenues:
Total revenues	8,777	9,199
Other ancillary services
Revenues:
Total revenues	3,169	4,592
Real estate agent commissions
Expenses:
Costs related to sales	156,102	223,422
Operations and support
Expenses:
Costs related to sales	18,893	18,091
Technology
Expenses:
Costs related to sales	$ 6,012	$ 5,293

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Non-controlling Interest
Beginning Balance (in shares) at Dec. 31, 2021		81,210,626
Beginning Balance at Dec. 31, 2021	$ 281,873	$ 812	$ 278,500	$ 622	$ 1,939
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	6,285			6,510	(225)
Distributions and dividends on common stock	(4,062)			(4,062)
Restricted stock grants (in shares)		25,000
Stock-based compensation	2,652		2,652
Contributions from non-controlling interest	375				375
Ending Balance (in shares) at Jun. 30, 2022		81,235,626
Ending Balance at Jun. 30, 2022	$ 287,123	$ 812	281,152	3,070	2,089
Beginning Balance (in shares) at Dec. 31, 2022	80,881,022	80,881,022
Beginning Balance at Dec. 31, 2022	$ 270,457	$ 809	273,111	(5,000)	1,537
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(17,840)			(17,624)	(216)
Distributions and dividends on common stock	(4,221)		(4,221)
Restricted stock grants (in shares)		3,535,000
Restricted stock grants	0	$ 35	(35)
Stock-based compensation	$ 2,823		2,823
Ending Balance (in shares) at Jun. 30, 2023	84,416,022	84,416,022
Ending Balance at Jun. 30, 2023	$ 251,219	$ 844	$ 271,678	$ (22,624)	$ 1,321

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Distributions and dividends on common stock (in dollars per share)	$ 0.05	$ 0.05

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net (loss) income	$ (17,840)	$ 6,285
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,039	2,079
Non-cash stock-based compensation expense	2,823	2,652
Loss on sale of assets	0	10
Deferred income taxes	(5,390)	0
Net losses (gains) on investment securities	454	(752)
Equity in losses (earnings) from equity-method investments	73	(532)
Non-cash lease expense	5,400	4,876
Provision for credit losses	1,428	558
Changes in assets and liabilities:
Receivables	(10,361)	339
Income taxes receivables, net	(100)	1,167
Accounts payable and accrued liabilities	13,257	1,246
Operating right-of-use assets and operating lease liabilities, net	(5,568)	(5,868)
Accrued salary and benefits	(14,857)	(18,070)
Other	(2,933)	(770)
Net cash used in operating activities	(31,575)	(6,780)
Cash flows from investing activities:
Investments in equity-method investments	0	(100)
Distributions from equity-method investments	0	60
Purchase of debt securities	(25)	(701)
Purchase of equity securities	(275)	(25)
Purchase of long-term investments	(55)	(200)
Capital expenditures	(3,627)	(849)
Net cash used in investing activities	(3,982)	(1,815)
Cash flows from financing activities:
Repayment of debt	0	(3,129)
Dividends on common stock	(4,221)	(4,062)
Contributions from non-controlling interest	0	375
Earn out payments	0	(18)
Net cash used in financing activities	(4,221)	(6,834)
Net decrease in cash, cash equivalents and restricted cash	(39,778)	(15,429)
Cash, cash equivalents and restricted cash, beginning of period	171,382	228,866
Cash, cash equivalents and restricted cash, end of period	$ 131,604	$ 213,437

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation : Douglas Elliman Inc. (“Douglas Elliman” or the “Company”) i s engaged in the real estate services and property technology investment business and is seeking to acquire or invest in additional real estate services and property technology, or PropTech, companies. The condensed consolidated financial statements of Douglas Elliman include the accounts of DER Holdings LLC and New Valley Ventures LLC (“New Valley Ventures”), directly and indirectly wholly owned subsidiaries of the Company. DER Holdings LLC owns Douglas Elliman Realty, LLC and Douglas Elliman of California, Inc., which are engaged in the residential real estate brokerage business with their subsidiaries. The operations of New Valley Ventures consist of minority investments in innovative and cutting-edge PropTech companies. Certain references to “Douglas Elliman Realty” refer to the Company’s residential real estate brokerage business, including the operations 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 accepted accounting principles (“U.S. GAAP”) for interim financial information and, in management’s opinion, contain all adjustments, consisting only of normal recurring items, necessary for a fair statement of the results for the periods presented. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. References to U.S. GAAP issued by the Financial Accounting Standards Board (“FASB”) are to the FASB Accounting Standards Codification, also referred to as the “Codification” or “ASC.” These condensed consolidated financial statements should be read in conjunction with the combined consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”). The condensed consolidated results of operations for interim periods should not be regarded as necessarily indicative of the results that may be expected for the entire year. In presenting the condensed consolidated financial statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates. (b) Principles of Consolidation : The condensed consolidated financial statements include the assets, liabilities, revenues, expenses and cash flows of DER Holdings LLC and New Valley Ventures as well as all other entities in which Douglas Elliman has a controlling financial interest. All intercompany balances and transactions have been eliminated in the condensed consolidated financial statements. When evaluating an entity for consolidation, Douglas Elliman first determines whether an entity is within the scope of the guidance for consolidation of variable interest entities (“VIE”) and if it is deemed to be a VIE. If the entity is considered to be a VIE, Douglas Elliman determines whether it would be considered the entity’s primary beneficiary. Douglas Elliman consolidates those VIEs for which it has determined that it is the primary beneficiary. Douglas Elliman will consolidate an entity that is not deemed a VIE upon a determination that it has a controlling financial interest. For entities where Douglas Elliman does not have a controlling financial interest, the investments in such entities are classified as available-for-sale securities or accounted for using the equity or cost method, as appropriate. (c) Estimates and Assumptions : The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses. Significant estimates subject to material changes in the near term include impairment charges and valuation of intangible assets. Actual results could differ from those estimates. (d) ( Loss) Earnings Per Share (“EPS”) : The Company has restricted stock awards which will provide cash dividends at the same rate as paid on the common stock with respect to the shares underlying the restricted stock awards. These outstanding restricted stock awards represent participating securities under authoritative guidance. The participating securities holders do not participate in the Company’s net losses. The Company first paid dividends during the three months ended March 31, 2022 and most recently paid a dividend during the three months ended June 30, 2023. As a result, in its calculation of basic EPS and diluted EPS for the three and six months ended June 30, 2022, the Company adjusted its net income for the effect of these participating securities. There were no outstanding participating securities during the three months ended June 30, 2023. Six Months Ended June 30, 2023 2022 Net (loss) income attributed to Douglas Elliman Inc. $ (17,624) $ 6,510 Income attributable to participating securities (307) (275) Net (loss) income available to common stockholders attributed to Douglas Elliman Inc. $ (17,931) $ 6,235 Basic EPS is computed by dividing net (loss) income available to common stockholders attributed to Douglas Elliman Inc. by the weighted-average number of shares outstanding, which will include vested restricted stock. Basic and diluted EPS were calculated using the following shares of common stock for the periods presented below: Six Months Ended June 30, 2023 2022 Weighted-average shares for basic EPS 78,279,772 77,666,210 Incremental shares related to non-vested restricted stock — 54,416 Weighted-average shares for diluted EPS 78,279,772 77,720,626 (e) Reconciliation of Cash, Cash Equivalents and Restricted Cash : Restricted cash amounts included in current assets and other assets represent cash and cash equivalents required to be deposited into escrow for amounts required for letters of credit related to office leases, and certain deposit requirements for banking arrangements. The restrictions related to the letters of credit will remain in place for the duration of the respective lease. The restrictions related to the banking arrangements will remain in place for the duration of the arrangement. Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and trade receivables. The components of “Cash, cash equivalents and restricted cash” in the condensed consolidated statements of cash flows were as follows: June 30, December 31, Cash and cash equivalents $ 123,662 $ 163,859 Restricted cash and cash equivalents included in current assets 5,404 4,985 Restricted cash and cash equivalents included in other assets 2,538 2,538 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 131,604 $ 171,382 (f) Related Party Transactions : Agreements with Vector Group Ltd. (“Vector Group”) The Company paid Vector Group $1,050 and $1,050 under the Transition Services Agreement and $562 and $491 under the Aircraft Lease Agreement during the three and six months ended June 30, 2023 and 2022, respectively. Real estate commissions. Real estate commissions include commissions of approximately $842 and $900 for the three and six months ended June 30, 2023 and 2022, respectively, from projects where the Company has been engaged by certain developers as the sole broker or the co-broker for several of the real estate development projects that Vector Group owns an interest in through its real estate venture investments. (g) Investment and Other (Losses) Income : Investment and other (losses) income consists of the following: Six Months Ended June 30, 2023 2022 Net (losses) gains recognized on PropTech convertible trading debt securities $ (352) $ 154 Net (losses) gains recognized on long-term investments at fair value (102) 598 Investment and other (losses) income $ (454) $ 752 (h) Restructuring : Employee severance and benefits expensed for the three and six months ended June 30, 2023 relate entirely to the reduction in staff and are cash charges. All of the amounts expensed for the three and six months ended June 30, 2023 are included in Restructuring expense in the Company’s condensed consolidated statements of operations. The following table present the changes in the employee severance and benefits liability under the Real Estate Brokerage segment restructuring plan for the three and six months ended June 30, 2023: Employee Severance and Benefits Severance liability balance at January 1, 2023 $ — Severance expense 1,210 Severance payments (223) Severance liability at March 31, 2023 $ 987 (i) Other Comprehensive Income : The Company does not have any activity that results in Other Comprehensive Income; therefore, no statement of Comprehensive Income is included in the condensed consolidated financial statements. (j) Subsequent Events : The Company has evaluated subsequent events through November 9, 2023, the date the financial statements were issued. (k) New Accounting Pronouncements : Accounting Standards Updates (“ASUs”) to be adopted in 2023: In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The ASU requires that an acquirer recognize and measure contract assets and contract liabilities in a business combination in accordance with Topic 606. The ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements. Accounting Standards Updates (“ASUs”) adopted in 2023: In June 2022, the FASB issued ASU 2022-03 , Fair Value Measurement (Topic 820), Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The ASU clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. The standard also requires certain disclosures for equity securities that are subject to contractual restrictions. The ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements. SEC Proposed Rule Changes On March 21, 2022, the SEC proposed rule changes that would require registrants to provide certain climate-related information in their registration statements and annual reports. The proposed rules would require information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks would also include disclosure of a registrant's greenhouse gas emissions, which have become a commonly used metric to assess a registrant's exposure to such risks. In addition, under the proposed rules, certain climate-related financial metrics would be required in a registrant's audited financial statements. The Company is currently evaluating the impact of the proposed rule changes.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION Disaggregation of Revenue In the following tables, revenue is disaggregated by major services line and primary geographical market: Six Months Ended June 30, 2023 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 57,798 $ 33,105 $ 54,454 $ 37,899 $ 183,256 Commission and other brokerage income - development marketing 7,763 619 10,060 338 18,780 Property management revenue 8,580 197 — — 8,777 Escrow and title fees 399 210 — 2,560 3,169 Total revenue $ 74,540 $ 34,131 $ 64,514 $ 40,797 $ 213,982 Six Months Ended June 30, 2022 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 92,388 $ 50,079 $ 80,824 $ 51,884 $ 275,175 Commission and other brokerage income - development marketing 11,369 — 8,216 349 19,934 Property management revenue 9,041 158 — — 9,199 Escrow and title fees 717 271 — 3,604 4,592 Total revenue $ 113,515 $ 50,508 $ 89,040 $ 55,837 $ 308,900 Contract Balances The following table provides information about contract assets and contract liabilities from development marketing and commercial leasing contracts with customers: June 30, December 31, 2022 Receivables, which are included in receivables $ 2,721 $ 3,063 Contract assets, net, which are included in other current assets 4,184 4,453 Contract assets, net, which are in other assets 36,004 38,913 Payables, which are included in other current liabilities 2,044 2,291 Contract liabilities, which are in current liabilities 7,711 8,222 Contract liabilities, which are in other liabilities 52,837 54,706 The Company recognized revenue of $1,614 for the three and six months ended June 30, 2023, that were included in the contract liabilities balances at December 31, 2022. The Company recognized revenue of $8,069 for the three and six months ended June 30, 2022, that were included in the contract liabilities balances at December 31, 2021.

CURRENT EXPECTED CREDIT LOSSES

CURRENT EXPECTED CREDIT LOSSES	6 Months Ended
	Jun. 30, 2023
Credit Loss [Abstract]
CURRENT EXPECTED CREDIT LOSSES	CURRENT EXPECTED CREDIT LOSSES Real estate broker agent receivables: Douglas Elliman Realty is exposed to credit losses for various amounts due from real estate agents, which are included in Other current assets on the condensed consolidated balance sheets, net of an allowance for credit losses. The Company estimates its allowance for credit losses on receivables from agents based on an evaluation of aging, agent sales in pipeline, any security, specific exposures, historical experience of collections from the individual agents, and current and expected future market trends. The Company estimated that the credit losses for these receivables were $11,850 and $10,916 at June 30, 2023 and December 31, 2022, respectively. The following table summarizes changes in the allowance for credit losses for the six months ended June 30, 2023: January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 10,916 $ 1,428 (1) $ 494 $ — $ 11,850 _____________________________ (1) The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s condensed consolidated statements of operations. The following table summarizes changes in the allowance for credit losses for the six months ended June 30, 2022: January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 8,607 $ 558 (1) $ 332 $ — $ 8,833 _____________________________ (1) The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s condensed consolidated statements of operations.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
LEASES	LEASES Leases The Company has operating leases for corporate and sales offices and equipment. The components of lease expense were as follows: Six Months Ended June 30, 2023 2022 Operating lease cost $ 8,325 $ 8,169 Short-term lease cost 278 257 Variable lease cost 1,078 985 Less: Sublease income (153) (121) Total lease cost $ 9,528 $ 9,290 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2023 2022 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 8,524 $ 9,196 Right-of-use assets obtained in exchange for lease obligations: Operating leases 732 6,984 Supplemental balance sheet information related to leases was as follows: June 30, December 31, 2023 2022 Weighted average remaining lease term: Operating leases 6.90 7.03 Weighted average discount rate: Operating leases 8.75 % 8.73 % As of June 30, 2023, maturities of lease liabilities were as follows: Operating Leases Period Ending December 31: Remainder of 2023 $ 25,989 2024 29,863 2025 25,096 2026 22,733 2027 19,912 2028 18,129 Thereafter 46,053 Total lease payments 187,775 Less imputed interest (49,775) Total $ 138,000 As of June 30, 2023, the Company had $217 in undiscounted lease payments relating to an operating lease for office space that has not yet commenced. The operating lease has a lease term of five years and is expected to commence during the third quarter of 2023.

LONG-TERM INVESTMENTS

LONG-TERM INVESTMENTS	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
LONG-TERM INVESTMENTS	LONG-TERM INVESTMENTS Long-term investments consisted of the following: June 30, December 31, 2022 PropTech convertible trading debt securities $ 2,630 $ 2,957 Long-term investment securities at fair value (1) 2,715 3,262 PropTech investments at cost 8,863 8,588 PropTech investments at equity method 497 — Total investments 14,705 14,807 Less PropTech current convertible trading debt securities (2) 1,539 1,875 Less PropTech investments accounted for under the equity method 497 — Total long-term investments $ 12,669 $ 12,932 _____________________________ (1) These assets are measured at net asset value (“NAV”) as a practical expedient under ASC 820. (2) These amounts are included in Other current assets on the condensed consolidated balance sheets. Net realized and unrealized losses and gains recognized on long-term investment securities were as follows: Six Months Ended June 30, 2023 2022 Net realized (losses) gains recognized on PropTech convertible trading debt securities $ (352) $ 154 Net unrealized (losses) gains recognized on long-term investments at fair value (102) 598 Net realized and unrealized (losses) gains recognized on long-term investment securities $ (454) $ 752 (a) PropTech Convertible Trading Debt Securities: These securities are classified as trading debt securities and are accounted for at fair value. The maturities of all convertible notes range from June 2023 to February 2025. (b) Long-Term Investment Securities at Fair Value: The following is a summary of unrealized (losses) gains recognized in net income on long-term investment securities at fair value during the three and six months ended June 30, 2023 and 2022, respectively: Six Months Ended June 30, 2023 2022 Net unrealized (losses) gains recognized on long-term investment securities $ (102) $ 598 The Company has unfunded commitments of $1,030 related to long-term investment securities at fair value as of June 30, 2023. (c) Equity Securities Without Readily Determinable Fair Values That Do Not Qualify for the NAV Practical Expedient Equity securities without readily determinable fair values that do not qualify for the NAV practical expedient consisted of investments in various limited liability companies at June 30, 2023. During the six months ended June 30, 2023, New Valley Ventures invested $250 into one additional PropTech venture. The investment is classified as an equity security without a readily determinable fair value. The total carrying value of these investments was $8,863 as of June 30, 2023. No impairment or other adjustments related to observable price changes in orderly transactions for identical or similar investments were identified for the six months ended June 30, 2023.

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENTS	EQUITY METHOD INVESTMENTS Equity method investments consisted of the following: June 30, 2023 December 31, 2022 Ancillary services ventures $ 2,055 $ 1,629 At June 30, 2023, the Company’s ownership percentages in these investments ranged from 17.0% to 50.0%; therefore, the Company accounts for these investments under the equity method of accounting. VIE Consideration: The Company has determined that the Company is not the primary beneficiary of any of its equity method investments because it does not control the activities that most significantly impact the economic performance of each investment. The Company determined that the entities were VIEs but the Company was not the primary beneficiary. Therefore, the Company’s equity method investments have been accounted for under the equity method of accounting. Maximum Exposure to Loss: The Company’s maximum exposure to loss from its equity method investments consists of the net carrying value of the investments adjusted for any future capital commitments and/or guarantee arrangements. The maximum exposure to loss was $2,055 as of June 30, 2023.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s income tax (benefit) expense consisted of the following: Six Months Ended June 30, 2023 2022 (Loss) income before provision for income taxes $ (23,230) $ 9,202 Income tax (benefit) expense using estimated annual effective income tax rate (5,390) 2,917 Income tax (benefit) expense $ (5,390) $ 2,917

INVESTMENTS AND FAIR VALUE MEAS

INVESTMENTS AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
INVESTMENTS AND FAIR VALUE MEASUREMENTS	INVESTMENTS AND FAIR VALUE MEASUREMENTS The Company’s financial assets and liabilities subject to fair value measurements were as follows: Fair Value Measurements as of June 30, 2023 Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Money market funds (1) $ 105,647 $ 105,647 $ — $ — Certificates of deposit (2) 507 — 507 — PropTech convertible trading debt securities 1,539 — — 1,539 Long-term investments PropTech convertible trading debt securities 1,091 — — 1,091 Long-term investment securities at fair value (3) 2,715 — — — Total long-term investments 3,806 — — 1,091 Total assets $ 111,499 $ 105,647 $ 507 $ 2,630 _____________________________ (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $5,404 that is included in current restricted cash and cash equivalents and $2,538 that is included in non-current restricted assets. (2) Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheets. (3) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy. Fair Value Measurements as of December 31, 2022 Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Money market funds (1) $ 153,941 $ 153,941 $ — $ — Certificates of deposit (2) 569 — 569 — PropTech convertible trading debt securities 1,875 — — 1,875 Long-term investments PropTech convertible trading debt securities 1,082 — — 1,082 Long-term investment securities at fair value (3) 3,262 — — — Total long-term investments 4,344 — — 1,082 Total assets $ 160,729 $ 153,941 $ 569 $ 2,957 _____________________________ (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $4,985 that is included in current restricted assets and $2,538 that is included in non-current restricted assets. (2) Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheets. (3) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy. The fair value of the Level 2 certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is the rate offered by the financial institution. The fair values of the Level 3 PropTech convertible trading debt securities were derived using a discounted cash flow model utilizing a probability-weighted expected return method based on the probabilities of different potential outcomes for the convertible trading debt securities. The long-term investments are based on NAV per share provided by the partnerships based on the indicated market value of the underlying assets or investment portfolio. In accordance with Subtopic 820-10, these investments are not classified under the fair value hierarchy disclosed above because they are measured at fair value using the NAV practical expedient. The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at June 30, 2023: Quantitative Information about Level 3 Fair Value Measurements Fair Value at June 30, Valuation Technique Unobservable Input Range (Actual) PropTech convertible trading debt securities $ 2,630 Discounted cash flow Interest rate 4% and 8% Maturity June 2023 - Feb 2025 Volatility 56.9% - 101.9% Discount rate 33.62% - 190.38% The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2022: Quantitative Information about Level 3 Fair Value Measurements Fair Value at December 31, Valuation Technique Unobservable Input Range (Actual) PropTech convertible trading debt securities $ 2,957 Discounted cash flow Interest rate 4% and 8% Maturity Mar 2023 -Feb 2025 Volatility 60.7% - 103.3% Discount rate 29.39% - 186.15% In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company is required to record assets and liabilities at fair value on a nonrecurring basis. Generally, assets and liabilities are recorded at fair value on a nonrecurring basis as a result of impairment charges. The Company had no nonrecurring nonfinancial assets subject to fair value measurements as of June 30, 2023 and December 31, 2022, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s business segments were Real Estate Brokerage and Corporate and Other. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Financial information for the Company’s operations before taxes and non-controlling interests for the three and six months ended June 30, 2023 and 2022 were as follows: Real Estate Brokerage Corporate and Other Total Six months ended June 30, 2023 Revenues $ 213,982 $ — $ 213,982 Operating loss (17,343) (1) (6,465) (23,808) Adjusted EBITDA attributed to Douglas Elliman (2) (12,984) (4,661) (17,645) Depreciation and amortization 2,039 — 2,039 Capital expenditures 3,627 — 3,627 Six months ended June 30, 2022 Revenues $ 308,900 $ — $ 308,900 Operating income (loss) 14,541 (6,662) 7,879 Adjusted EBITDA attributed to Douglas Elliman (2) 17,662 (4,935) 12,727 Depreciation and amortization 2,079 — 2,079 Capital expenditures 849 — 849 _____________________________ (1) Operating loss includes $1,210 of restructuring expense. (2) The following table reconciles operating income to Adjusted EBITDA attributed to Douglas Elliman for the three and six months ended June 30, 2023 and 2022. Six Months Ended June 30, 2023 2022 Real estate brokerage segment Operating (loss) income $ (17,343) $ 14,541 Depreciation and amortization 2,039 2,079 Stock-based compensation 1,019 925 Restructuring 1,210 — Adjusted EBITDA (13,075) 17,545 Adjusted EBITDA attributed to non-controlling interest 91 117 Adjusted EBITDA attributed to Douglas Elliman $ (12,984) $ 17,662 Corporate and other segment Operating loss $ (6,465) $ (6,662) Stock-based compensation 1,804 1,727 Adjusted EBITDA attributed to Douglas Elliman $ (4,661) $ (4,935)

ESCROW FUNDS IN HOLDING

ESCROW FUNDS IN HOLDING	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
ESCROW FUNDS IN HOLDING	ESCROW FUNDS IN HOLDINGAs a service to its customers, Portfolio Escrow Inc., a subsidiary of the Company, administers escrow and trust deposits which represent undisbursed amounts received for the settlement of real estate transactions. Deposits at FDIC-insured institutions are insured up to $250. Portfolio Escrow Inc. had escrow funds on deposit in the amount of $27,505 and $33,533 as of June 30, 2023 and December 31, 2022, respectively, and corresponding escrow funds in holding of the same amount. While these deposits are not assets of the Company (and, therefore, are excluded from the accompanying Condensed Consolidated Balance Sheets), the subsidiary of the Company remains contingently liable for the disposition of these deposits.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation : Douglas Elliman Inc. (“Douglas Elliman” or the “Company”) i s engaged in the real estate services and property technology investment business and is seeking to acquire or invest in additional real estate services and property technology, or PropTech, companies. The condensed consolidated financial statements of Douglas Elliman include the accounts of DER Holdings LLC and New Valley Ventures LLC (“New Valley Ventures”), directly and indirectly wholly owned subsidiaries of the Company. DER Holdings LLC owns Douglas Elliman Realty, LLC and Douglas Elliman of California, Inc., which are engaged in the residential real estate brokerage business with their subsidiaries. The operations of New Valley Ventures consist of minority investments in innovative and cutting-edge PropTech companies. Certain references to “Douglas Elliman Realty” refer to the Company’s residential real estate brokerage business, including the operations 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 accepted accounting principles (“U.S. GAAP”) for interim financial information and, in management’s opinion, contain all adjustments, consisting only of normal recurring items, necessary for a fair statement of the results for the periods presented. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. References to U.S. GAAP issued by the Financial Accounting Standards Board (“FASB”) are to the FASB Accounting Standards Codification, also referred to as the “Codification” or “ASC.” These condensed consolidated financial statements should be read in conjunction with the combined consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”). The condensed consolidated results of operations for interim periods should not be regarded as necessarily indicative of the results that may be expected for the entire year. In presenting the condensed consolidated financial statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates. (b) Principles of Consolidation : The condensed consolidated financial statements include the assets, liabilities, revenues, expenses and cash flows of DER Holdings LLC and New Valley Ventures as well as all other entities in which Douglas Elliman has a controlling financial interest. All intercompany balances and transactions have been eliminated in the condensed consolidated financial statements. When evaluating an entity for consolidation, Douglas Elliman first determines whether an entity is within the scope of the guidance for consolidation of variable interest entities (“VIE”) and if it is deemed to be a VIE. If the entity is considered to be a VIE, Douglas Elliman determines whether it would be considered the entity’s primary beneficiary. Douglas Elliman consolidates those VIEs for which it has determined that it is the primary beneficiary. Douglas Elliman will consolidate an entity that is not deemed a VIE upon a determination that it has a controlling financial interest. For entities where Douglas Elliman does not have a controlling financial interest, the investments in such entities are classified as available-for-sale securities or accounted for using the equity or cost method, as appropriate.
Estimates and Assumptions	Estimates and Assumptions :
(Loss) Earnings Per Share (“EPS”)	( Loss) Earnings Per Share (“EPS”) :
Reconciliation of Cash, Cash Equivalents and Restricted Cash	Reconciliation of Cash, Cash Equivalents and Restricted Cash :
Restructuring	Restructuring :
Other Comprehensive Income	Other Comprehensive Income : The Company does not have any activity that results in Other Comprehensive Income; therefore, no statement of Comprehensive Income is included in the condensed consolidated financial statements.
Subsequent Events	Subsequent Events : The Company has evaluated subsequent events through November 9, 2023, the date the financial statements were issued.
New Accounting Pronouncements	New Accounting Pronouncements : Accounting Standards Updates (“ASUs”) to be adopted in 2023: In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The ASU requires that an acquirer recognize and measure contract assets and contract liabilities in a business combination in accordance with Topic 606. The ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements. Accounting Standards Updates (“ASUs”) adopted in 2023: In June 2022, the FASB issued ASU 2022-03 , Fair Value Measurement (Topic 820), Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The ASU clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. The standard also requires certain disclosures for equity securities that are subject to contractual restrictions. The ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements. SEC Proposed Rule Changes On March 21, 2022, the SEC proposed rule changes that would require registrants to provide certain climate-related information in their registration statements and annual reports. The proposed rules would require information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks would also include disclosure of a registrant's greenhouse gas emissions, which have become a commonly used metric to assess a registrant's exposure to such risks. In addition, under the proposed rules, certain climate-related financial metrics would be required in a registrant's audited financial statements. The Company is currently evaluating the impact of the proposed rule changes.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of Net Income for Purposes of Determining Basic and Diluted EPS	As a result, in its calculation of basic EPS and diluted EPS for the three and six months ended June 30, 2022, the Company adjusted its net income for the effect of these participating securities. There were no outstanding participating securities during the three months ended June 30, 2023. Six Months Ended June 30, 2023 2022 Net (loss) income attributed to Douglas Elliman Inc. $ (17,624) $ 6,510 Income attributable to participating securities (307) (275) Net (loss) income available to common stockholders attributed to Douglas Elliman Inc. $ (17,931) $ 6,235
Schedule of Basic and Diluted EPS Calculation Shares	Basic and diluted EPS were calculated using the following shares of common stock for the periods presented below: Six Months Ended June 30, 2023 2022 Weighted-average shares for basic EPS 78,279,772 77,666,210 Incremental shares related to non-vested restricted stock — 54,416 Weighted-average shares for diluted EPS 78,279,772 77,720,626
Schedule of Components of Cash, Cash Equivalents and Restricted Cash	The components of “Cash, cash equivalents and restricted cash” in the condensed consolidated statements of cash flows were as follows: June 30, December 31, Cash and cash equivalents $ 123,662 $ 163,859 Restricted cash and cash equivalents included in current assets 5,404 4,985 Restricted cash and cash equivalents included in other assets 2,538 2,538 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 131,604 $ 171,382
Schedule of Investments and Other (Losses) Income	Investment and other (losses) income consists of the following: Six Months Ended June 30, 2023 2022 Net (losses) gains recognized on PropTech convertible trading debt securities $ (352) $ 154 Net (losses) gains recognized on long-term investments at fair value (102) 598 Investment and other (losses) income $ (454) $ 752
Schedule of Restructuring and Related Costs	The following table present the changes in the employee severance and benefits liability under the Real Estate Brokerage segment restructuring plan for the three and six months ended June 30, 2023: Employee Severance and Benefits Severance liability balance at January 1, 2023 $ — Severance expense 1,210 Severance payments (223) Severance liability at March 31, 2023 $ 987

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	In the following tables, revenue is disaggregated by major services line and primary geographical market: Six Months Ended June 30, 2023 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 57,798 $ 33,105 $ 54,454 $ 37,899 $ 183,256 Commission and other brokerage income - development marketing 7,763 619 10,060 338 18,780 Property management revenue 8,580 197 — — 8,777 Escrow and title fees 399 210 — 2,560 3,169 Total revenue $ 74,540 $ 34,131 $ 64,514 $ 40,797 $ 213,982 Six Months Ended June 30, 2022 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 92,388 $ 50,079 $ 80,824 $ 51,884 $ 275,175 Commission and other brokerage income - development marketing 11,369 — 8,216 349 19,934 Property management revenue 9,041 158 — — 9,199 Escrow and title fees 717 271 — 3,604 4,592 Total revenue $ 113,515 $ 50,508 $ 89,040 $ 55,837 $ 308,900
Schedule of Contract Balances	The following table provides information about contract assets and contract liabilities from development marketing and commercial leasing contracts with customers: June 30, December 31, 2022 Receivables, which are included in receivables $ 2,721 $ 3,063 Contract assets, net, which are included in other current assets 4,184 4,453 Contract assets, net, which are in other assets 36,004 38,913 Payables, which are included in other current liabilities 2,044 2,291 Contract liabilities, which are in current liabilities 7,711 8,222 Contract liabilities, which are in other liabilities 52,837 54,706

CURRENT EXPECTED CREDIT LOSSES

CURRENT EXPECTED CREDIT LOSSES (Tables)	6 Months Ended
	Jun. 30, 2023
Credit Loss [Abstract]
Schedule of Rollforward of Allowance for Credit Losses	The following table summarizes changes in the allowance for credit losses for the six months ended June 30, 2023: January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 10,916 $ 1,428 (1) $ 494 $ — $ 11,850 _____________________________ (1) The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s condensed consolidated statements of operations. The following table summarizes changes in the allowance for credit losses for the six months ended June 30, 2022: January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 8,607 $ 558 (1) $ 332 $ — $ 8,833 _____________________________ (1) The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s condensed consolidated statements of operations.

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Lease Expense and Supplemental Cash Flow Information	The components of lease expense were as follows: Six Months Ended June 30, 2023 2022 Operating lease cost $ 8,325 $ 8,169 Short-term lease cost 278 257 Variable lease cost 1,078 985 Less: Sublease income (153) (121) Total lease cost $ 9,528 $ 9,290 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2023 2022 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 8,524 $ 9,196 Right-of-use assets obtained in exchange for lease obligations: Operating leases 732 6,984
Schedule of Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows: June 30, December 31, 2023 2022 Weighted average remaining lease term: Operating leases 6.90 7.03 Weighted average discount rate: Operating leases 8.75 % 8.73 %
Schedule of Maturities of Operating Lease Liabilities	As of June 30, 2023, maturities of lease liabilities were as follows: Operating Leases Period Ending December 31: Remainder of 2023 $ 25,989 2024 29,863 2025 25,096 2026 22,733 2027 19,912 2028 18,129 Thereafter 46,053 Total lease payments 187,775 Less imputed interest (49,775) Total $ 138,000

LONG-TERM INVESTMENTS (Tables)

LONG-TERM INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Long-term Investment Securities	Long-term investments consisted of the following: June 30, December 31, 2022 PropTech convertible trading debt securities $ 2,630 $ 2,957 Long-term investment securities at fair value (1) 2,715 3,262 PropTech investments at cost 8,863 8,588 PropTech investments at equity method 497 — Total investments 14,705 14,807 Less PropTech current convertible trading debt securities (2) 1,539 1,875 Less PropTech investments accounted for under the equity method 497 — Total long-term investments $ 12,669 $ 12,932 _____________________________ (1) These assets are measured at net asset value (“NAV”) as a practical expedient under ASC 820. (2) These amounts are included in Other current assets on the condensed consolidated balance sheets. Net realized and unrealized losses and gains recognized on long-term investment securities were as follows: Six Months Ended June 30, 2023 2022 Net realized (losses) gains recognized on PropTech convertible trading debt securities $ (352) $ 154 Net unrealized (losses) gains recognized on long-term investments at fair value (102) 598 Net realized and unrealized (losses) gains recognized on long-term investment securities $ (454) $ 752
Schedule of Unrealized and Realized (Losses) Gains	The following is a summary of unrealized (losses) gains recognized in net income on long-term investment securities at fair value during the three and six months ended June 30, 2023 and 2022, respectively: Six Months Ended June 30, 2023 2022 Net unrealized (losses) gains recognized on long-term investment securities $ (102) $ 598

EQUITY METHOD INVESTMENTS (Tabl

EQUITY METHOD INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	Equity method investments consisted of the following: June 30, 2023 December 31, 2022 Ancillary services ventures $ 2,055 $ 1,629

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Tax (Benefit) Expense	The Company’s income tax (benefit) expense consisted of the following: Six Months Ended June 30, 2023 2022 (Loss) income before provision for income taxes $ (23,230) $ 9,202 Income tax (benefit) expense using estimated annual effective income tax rate (5,390) 2,917 Income tax (benefit) expense $ (5,390) $ 2,917

INVESTMENTS AND FAIR VALUE ME_2

INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements	The Company’s financial assets and liabilities subject to fair value measurements were as follows: Fair Value Measurements as of June 30, 2023 Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Money market funds (1) $ 105,647 $ 105,647 $ — $ — Certificates of deposit (2) 507 — 507 — PropTech convertible trading debt securities 1,539 — — 1,539 Long-term investments PropTech convertible trading debt securities 1,091 — — 1,091 Long-term investment securities at fair value (3) 2,715 — — — Total long-term investments 3,806 — — 1,091 Total assets $ 111,499 $ 105,647 $ 507 $ 2,630 _____________________________ (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $5,404 that is included in current restricted cash and cash equivalents and $2,538 that is included in non-current restricted assets. (2) Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheets. (3) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy. Fair Value Measurements as of December 31, 2022 Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Money market funds (1) $ 153,941 $ 153,941 $ — $ — Certificates of deposit (2) 569 — 569 — PropTech convertible trading debt securities 1,875 — — 1,875 Long-term investments PropTech convertible trading debt securities 1,082 — — 1,082 Long-term investment securities at fair value (3) 3,262 — — — Total long-term investments 4,344 — — 1,082 Total assets $ 160,729 $ 153,941 $ 569 $ 2,957 _____________________________ (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $4,985 that is included in current restricted assets and $2,538 that is included in non-current restricted assets. (2) Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheets. (3) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy.
Schedule of Unobservable Inputs Related to the Valuations of the Level 3 Liabilities	The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at June 30, 2023: Quantitative Information about Level 3 Fair Value Measurements Fair Value at June 30, Valuation Technique Unobservable Input Range (Actual) PropTech convertible trading debt securities $ 2,630 Discounted cash flow Interest rate 4% and 8% Maturity June 2023 - Feb 2025 Volatility 56.9% - 101.9% Discount rate 33.62% - 190.38% The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2022: Quantitative Information about Level 3 Fair Value Measurements Fair Value at December 31, Valuation Technique Unobservable Input Range (Actual) PropTech convertible trading debt securities $ 2,957 Discounted cash flow Interest rate 4% and 8% Maturity Mar 2023 -Feb 2025 Volatility 60.7% - 103.3% Discount rate 29.39% - 186.15%

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Financial Information for the Company's Operations Before Taxes	Financial information for the Company’s operations before taxes and non-controlling interests for the three and six months ended June 30, 2023 and 2022 were as follows: Real Estate Brokerage Corporate and Other Total Six months ended June 30, 2023 Revenues $ 213,982 $ — $ 213,982 Operating loss (17,343) (1) (6,465) (23,808) Adjusted EBITDA attributed to Douglas Elliman (2) (12,984) (4,661) (17,645) Depreciation and amortization 2,039 — 2,039 Capital expenditures 3,627 — 3,627 Six months ended June 30, 2022 Revenues $ 308,900 $ — $ 308,900 Operating income (loss) 14,541 (6,662) 7,879 Adjusted EBITDA attributed to Douglas Elliman (2) 17,662 (4,935) 12,727 Depreciation and amortization 2,079 — 2,079 Capital expenditures 849 — 849 _____________________________ (1) Operating loss includes $1,210 of restructuring expense. (2) The following table reconciles operating income to Adjusted EBITDA attributed to Douglas Elliman for the three and six months ended June 30, 2023 and 2022. Six Months Ended June 30, 2023 2022 Real estate brokerage segment Operating (loss) income $ (17,343) $ 14,541 Depreciation and amortization 2,039 2,079 Stock-based compensation 1,019 925 Restructuring 1,210 — Adjusted EBITDA (13,075) 17,545 Adjusted EBITDA attributed to non-controlling interest 91 117 Adjusted EBITDA attributed to Douglas Elliman $ (12,984) $ 17,662 Corporate and other segment Operating loss $ (6,465) $ (6,662) Stock-based compensation 1,804 1,727 Adjusted EBITDA attributed to Douglas Elliman $ (4,661) $ (4,935)

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Net Income for Purposes of Determining Basic and Diluted EPS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accounting Policies [Abstract]
Net (loss) income attributed to Douglas Elliman Inc.	$ (17,624)	$ 6,510
Income attributable to participating securities, basic	(307)	(275)
Income attributable to participating securities, diluted	(307)	(275)
Net (loss) income available to common stockholders attributed to Douglas Elliman Inc. - basic	(17,931)	6,235
Net (loss) income available to common stockholders attributed to Douglas Elliman Inc. - diluted	$ (17,931)	$ 6,235

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Basic and Diluted Earnings Per Share (in shares) (Details) - shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accounting Policies [Abstract]
Weighted-average shares for basic EPS (in shares)	78,279,772	77,666,210
Incremental shares related to non-vested restricted stock (in shares)	0	54,416
Weighted-average shares for diluted EPS (in shares)	78,279,772	77,720,626

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 123,662	$ 163,859
Restricted cash and cash equivalents included in current assets	5,404	4,985
Restricted cash and cash equivalents included in other assets	2,538	2,538
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$ 131,604	$ 171,382	$ 213,437	$ 228,866

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Related Party Real Estate Commissions (Details) - Vector Group Ltd. - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Transition Services Agreement
Summary of Significant Accounting Policies [Line Items]
Related party transaction, amounts of transaction	$ 1,050	$ 1,050
Aviation Agreements
Summary of Significant Accounting Policies [Line Items]
Related party transaction, amounts of transaction	562	491
Sole Broker Or Co-broker
Summary of Significant Accounting Policies [Line Items]
Real estate commissions	$ 842	$ 900

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investments and Other (Losses) Income (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accounting Policies [Abstract]
Net (losses) gains recognized on PropTech convertible trading debt securities	$ (352)	$ 154
Net (losses) gains recognized on long-term investments at fair value	(102)	598
Investment and other (losses) income	$ (454)	$ 752

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Real Estate Segment Restructuring Plan (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Restructuring Reserve [Roll Forward]
Restructuring	$ 1,210	$ 0
Real Estate Brokerage | Severance
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	0
Restructuring	1,210
Payments for Restructuring	(223)
Restructuring Reserve, Ending Balance	$ 987

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 213,982	$ 308,900
New York City
Disaggregation of Revenue [Line Items]
Total revenues	74,540	113,515
Northeast
Disaggregation of Revenue [Line Items]
Total revenues	34,131	50,508
Southeast
Disaggregation of Revenue [Line Items]
Total revenues	64,514	89,040
West
Disaggregation of Revenue [Line Items]
Total revenues	40,797	55,837
Commission and other brokerage income - existing home sales
Disaggregation of Revenue [Line Items]
Total revenues	183,256	275,175
Commission and other brokerage income - existing home sales | New York City
Disaggregation of Revenue [Line Items]
Total revenues	57,798	92,388
Commission and other brokerage income - existing home sales | Northeast
Disaggregation of Revenue [Line Items]
Total revenues	33,105	50,079
Commission and other brokerage income - existing home sales | Southeast
Disaggregation of Revenue [Line Items]
Total revenues	54,454	80,824
Commission and other brokerage income - existing home sales | West
Disaggregation of Revenue [Line Items]
Total revenues	37,899	51,884
Commission and other brokerage income - development marketing
Disaggregation of Revenue [Line Items]
Total revenues	18,780	19,934
Commission and other brokerage income - development marketing | New York City
Disaggregation of Revenue [Line Items]
Total revenues	7,763	11,369
Commission and other brokerage income - development marketing | Northeast
Disaggregation of Revenue [Line Items]
Total revenues	619	0
Commission and other brokerage income - development marketing | Southeast
Disaggregation of Revenue [Line Items]
Total revenues	10,060	8,216
Commission and other brokerage income - development marketing | West
Disaggregation of Revenue [Line Items]
Total revenues	338	349
Property management revenue
Disaggregation of Revenue [Line Items]
Total revenues	8,777	9,199
Property management revenue | New York City
Disaggregation of Revenue [Line Items]
Total revenues	8,580	9,041
Property management revenue | Northeast
Disaggregation of Revenue [Line Items]
Total revenues	197	158
Property management revenue | Southeast
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Property management revenue | West
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Escrow and title fees
Disaggregation of Revenue [Line Items]
Total revenues	3,169	4,592
Escrow and title fees | New York City
Disaggregation of Revenue [Line Items]
Total revenues	399	717
Escrow and title fees | Northeast
Disaggregation of Revenue [Line Items]
Total revenues	210	271
Escrow and title fees | Southeast
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Escrow and title fees | West
Disaggregation of Revenue [Line Items]
Total revenues	$ 2,560	$ 3,604

REVENUE RECOGNITION - Contract

REVENUE RECOGNITION - Contract Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract assets, net, which are in other assets	$ 36,004	$ 38,913
Contract liabilities	7,711	8,222
Contract liabilities, which are in other liabilities	52,837	54,706
Accounts receivable - trade, net
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Current assets	2,721	3,063
Other current assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Current assets	4,184	4,453
Other assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract assets, net, which are in other assets	36,004	38,913
Other current liabilities
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities	2,044	2,291
Current liabilities
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities	7,711	8,222
Other liabilities
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities, which are in other liabilities	$ 52,837	$ 54,706

REVENUE RECOGNITION - Narrative

REVENUE RECOGNITION - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized on contract liabilities	$ 1,614	$ 8,069

CURRENT EXPECTED CREDIT LOSSE_2

CURRENT EXPECTED CREDIT LOSSES - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Real estate broker agent receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Estimated credit losses	$ 11,850	$ 10,916	$ 8,833	$ 8,607

CURRENT EXPECTED CREDIT LOSSE_3

CURRENT EXPECTED CREDIT LOSSES - Rollforward (Details) - Real estate broker agent receivables - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 10,916	$ 8,607
Current Period Provision	1,428	558
Write-offs	494	332
Recoveries	0	0
Ending balance	$ 11,850	$ 8,833

LEASES - Lease Expense and Cash

LEASES - Lease Expense and Cash Outflows from Operating Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating lease cost	$ 8,325	$ 8,169
Short-term lease cost	278	257
Variable lease cost	1,078	985
Less: Sublease income	(153)	(121)
Total lease cost	9,528	9,290
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	8,524	9,196
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 732	$ 6,984

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details)	Jun. 30, 2023	Dec. 31, 2022
Weighted average remaining lease term:
Operating leases	6 years 10 months 24 days	7 years 10 days
Weighted average discount rate:
Operating leases	8.75%	8.73%

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Operating Leases
Remainder of 2023	$ 25,989
2024	29,863
2025	25,096
2026	22,733
2027	19,912
2028	18,129
Thereafter	46,053
Total lease payments	187,775
Less imputed interest	(49,775)
Total	$ 138,000

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
Lease not yet commenced	$ 217
Operating lease term	5 years

LONG-TERM INVESTMENTS - Compone

LONG-TERM INVESTMENTS - Components of Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
PropTech convertible trading debt securities	$ 2,630	$ 2,957
Long-term investment securities at fair value	2,715	3,262
PropTech investments at cost	8,863	8,588
PropTech investments at equity method	497	0
Total investments	14,705	14,807
Less PropTech current convertible trading debt securities	1,539	1,875
Less PropTech investments accounted for under the equity method	497	0
Total long-term investments	$ 12,669	$ 12,932

LONG-TERM INVESTMENTS - Summary

LONG-TERM INVESTMENTS - Summary of Unrealized and Realized Net Gains (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Net realized (losses) gains recognized on PropTech convertible trading debt securities	$ (352)	$ 154
Net unrealized (losses) gains recognized on long-term investments at fair value	(102)	598
Net realized and unrealized (losses) gains recognized on long-term investment securities	$ (454)	$ 752

LONG-TERM INVESTMENTS - Narrati

LONG-TERM INVESTMENTS - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) venture	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Unfunded commitments	$ 1,030
Purchase of equity securities	275	$ 25
PropTech investments at cost	8,863		$ 8,588
PropTech | Affiliated Entity | New Valley Ventures
Debt Securities, Available-for-sale [Line Items]
Purchase of equity securities	$ 250
Number of investees | venture	1

LONG-TERM INVESTMENTS - Gross R

LONG-TERM INVESTMENTS - Gross Realized Gains and Losses on Investment Securities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Net unrealized (losses) gains recognized on long-term investment securities	$ (102)	$ 598

EQUITY METHOD INVESTMENTS - Sch

EQUITY METHOD INVESTMENTS - Schedule of Equity Method Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity-method investments	$ 2,055	$ 1,629
Ancillary services ventures
Schedule of Equity Method Investments [Line Items]
Equity-method investments	$ 2,055	$ 1,629

EQUITY METHOD INVESTMENTS - Nar

EQUITY METHOD INVESTMENTS - Narrative (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Schedule of Investments [Line Items]
Maximum exposure on guarantees	$ 2,055
Minimum | Ancillary services ventures
Schedule of Investments [Line Items]
Equity-method ownership percentage	17%
Maximum | Ancillary services ventures
Schedule of Investments [Line Items]
Equity-method ownership percentage	50%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
(Loss) income before provision for income taxes	$ (23,230)	$ 9,202
Income tax (benefit) expense using estimated annual effective income tax rate	(5,390)	2,917
Income tax (benefit) expense	$ (5,390)	$ 2,917

INVESTMENTS AND FAIR VALUE ME_3

INVESTMENTS AND FAIR VALUE MEASUREMENTS - Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets:
PropTech convertible trading debt securities	$ 2,630	$ 2,957
Long-term investments
Long-term investment securities at fair value	2,715	3,262
Total long-term investments	5,345	6,219
Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Long-term investments
Current restricted assets	5,404	4,985
Non-current restricted assets	2,538	2,538
Recurring
Assets:
PropTech convertible trading debt securities	1,539	1,875
Long-term investments
PropTech convertible trading debt securities	1,091	1,082
Long-term investment securities at fair value	2,715	3,262
Total long-term investments	3,806	4,344
Total assets	111,499	160,729
Recurring | Money market funds
Assets:
Cash and cash equivalents	105,647	153,941
Recurring | Certificates of deposit
Assets:
Cash and cash equivalents	507	569
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
PropTech convertible trading debt securities	0	0
Long-term investments
PropTech convertible trading debt securities	0	0
Long-term investment securities at fair value	0	0
Total long-term investments	0	0
Total assets	105,647	153,941
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Assets:
Cash and cash equivalents	105,647	153,941
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Certificates of deposit
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Other Observable Inputs (Level 2)
Assets:
PropTech convertible trading debt securities	0	0
Long-term investments
PropTech convertible trading debt securities	0	0
Long-term investment securities at fair value	0	0
Total long-term investments	0	0
Total assets	507	569
Recurring | Significant Other Observable Inputs (Level 2) | Money market funds
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Certificates of deposit
Assets:
Cash and cash equivalents	507	569
Recurring | Significant Unobservable Inputs (Level 3)
Assets:
PropTech convertible trading debt securities	1,539	1,875
Long-term investments
PropTech convertible trading debt securities	1,091	1,082
Long-term investment securities at fair value	0	0
Total long-term investments	1,091	1,082
Total assets	2,630	2,957
Recurring | Significant Unobservable Inputs (Level 3) | Money market funds
Assets:
Cash and cash equivalents	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Certificates of deposit
Assets:
Cash and cash equivalents	$ 0	$ 0

INVESTMENTS AND FAIR VALUE ME_4

INVESTMENTS AND FAIR VALUE MEASUREMENTS - Schedule of Unobservable Inputs Related to the Valuations of the Level 3 Liabilities (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
PropTech convertible trading debt securities	$ 2,630	$ 2,957
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
PropTech convertible trading debt securities	1,539	1,875
Recurring | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
PropTech convertible trading debt securities	1,539	1,875
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
PropTech convertible trading debt securities	$ 2,630	$ 2,957
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Interest rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Convertible trading debt securities input	0.04	0.04
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Interest rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Convertible trading debt securities input	0.08	0.08
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Volatility | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Convertible trading debt securities input	0.569	0.607
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Volatility | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Convertible trading debt securities input	1.019	1.033
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Discount rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Convertible trading debt securities input	0.3362	0.2939
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Discount rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Convertible trading debt securities input	1.9038	1.8615

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenues	$ 213,982	$ 308,900
Operating (loss) income	(23,808)	7,879
Restructuring	1,210	0
Adjusted EBITDA attributed to Douglas Elliman	(17,645)	12,727
Depreciation and amortization	2,039	2,079
Capital expenditures	3,627	849
Real Estate Brokerage | Real Estate Brokerage
Segment Reporting Information [Line Items]
Revenues	213,982	308,900
Operating (loss) income	(17,343)	14,541
Stock-based compensation	1,019	925
Restructuring	1,210	0
Adjusted EBITDA	(13,075)	17,545
Adjusted EBITDA attributed to non-controlling interest	91	117
Adjusted EBITDA attributed to Douglas Elliman	(12,984)	17,662
Depreciation and amortization	2,039	2,079
Capital expenditures	3,627	849
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	0	0
Operating (loss) income	(6,465)	(6,662)
Stock-based compensation	1,804	1,727
Adjusted EBITDA attributed to Douglas Elliman	(4,661)	(4,935)
Depreciation and amortization	0	0
Capital expenditures	$ 0	$ 0

ESCROW FUNDS IN HOLDING (Detail

ESCROW FUNDS IN HOLDING (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Security posted for appeal of judgment	$ 27,505	$ 33,533