Douglas Elliman (DOUG) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 02, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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		91,832,616
Entity Central Index Key	0001878897
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 92,864	$ 119,808
Receivables	27,503	21,809
Agent receivables, net	13,503	11,721
Income taxes receivable, net	0	5,292
Restricted cash and cash equivalents	7,557	7,171
Other current assets	20,032	15,474
Total current assets	161,459	181,275
Property, plant and equipment, net	38,665	39,718
Operating lease right-of-use assets	99,676	108,172
Long-term investments (includes $4,204 and $3,983 at fair value)	11,192	12,871
Contract assets, net	39,277	36,040
Goodwill	32,230	32,230
Other intangible assets, net	72,634	72,964
Deferred income taxes, net	0	977
Equity-method investments	1,970	1,960
Other assets	6,827	7,212
Total assets	463,930	493,419
Current liabilities:
Current operating lease liability	20,533	22,235
Income taxes payable, net	337	0
Accounts payable	2,725	6,136
Commissions payable	23,405	24,561
Accrued salaries and benefits	3,369	12,912
Contract liabilities	14,831	11,234
Other current liabilities	25,672	20,171
Total current liabilities	90,872	97,249
Non-current operating lease liabilities	103,165	110,705
Contract liabilities	62,075	51,178
Litigation settlement	10,000	0
Other liabilities	310	133
Total liabilities	266,422	259,265
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, 91,714,666 and 87,925,412 shares issued and outstanding	917	879
Additional paid-in capital	286,685	279,904
Accumulated deficit	(90,691)	(47,552)
Total Douglas Elliman Inc. stockholders' equity	196,911	233,231
Non-controlling interest	597	923
Total stockholders' equity	197,508	234,154
Total liabilities and stockholders' equity	$ 463,930	$ 493,419

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Long-term investments, fair value	$ 4,204	$ 3,983
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)	91,714,666	87,925,412
Common stock, shares outstanding (in shares)	91,714,666	87,925,412

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Total revenues	$ 285,751	$ 275,912	$ 485,990	$ 489,894
Expenses:
Sales and marketing	22,153	22,161	43,451	43,400
General and administrative	24,855	31,259	51,871	63,554
Depreciation and amortization	1,929	1,993	3,910	4,032
Litigation settlement	0	0	17,750	0
Restructuring	598	507	598	1,717
Operating loss	(3,673)	(8,297)	(45,137)	(32,105)
Other income (expenses):
Interest income, net	1,048	1,370	2,424	2,475
Equity in losses from equity-method investments	(2)	(80)	(13)	(153)
Investment and other gains	1,020	536	629	82
Loss before provision for income taxes	(1,607)	(6,471)	(42,097)	(29,701)
Income tax expense (benefit)	173	(1,293)	1,368	(6,683)
Net loss	(1,780)	(5,178)	(43,465)	(23,018)
Net loss (income) attributed to non-controlling interest	116	(41)	326	175
Net loss attributed to Douglas Elliman Inc.	$ (1,664)	$ (5,219)	$ (43,139)	$ (22,843)
Per basic common share:
Net loss applicable to common shares attributed to Douglas Elliman Inc. (in dollars per share)	$ (0.02)	$ (0.06)	$ (0.52)	$ (0.28)
Per diluted common share:
Net loss applicable to common shares attributed to Douglas Elliman Inc. (in dollars per share)	$ (0.02)	$ (0.06)	$ (0.52)	$ (0.28)
Commissions and other brokerage income
Revenues:
Total revenues	$ 272,313	$ 262,489	$ 460,578	$ 464,525
Property management
Revenues:
Total revenues	9,694	9,375	18,741	18,152
Other ancillary services
Revenues:
Total revenues	3,744	4,048	6,671	7,217
Real estate agent commissions
Expenses:
Costs related to sales	216,457	204,802	365,473	360,904
Operations and support
Expenses:
Costs related to sales	17,999	17,324	36,798	36,217
Technology
Expenses:
Costs related to sales	$ 5,433	$ 6,163	$ 11,276	$ 12,175

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, 2022		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 (loss) income	(23,018)			(22,843)	(175)
Restricted stock grants (in shares)		3,535,000
Restricted stock grants	0	$ 35	(35)
Distributions and dividends on common stock (in shares)		(372)
Distributions and dividends on common stock	(4,222)		(4,222)
Withholding of shares as payment of tax liabilities in connection with restricted stock vesting (in shares)		(3,935)
Withholding of shares as payment of tax liabilities in connection with restricted stock vesting	(11)		(11)
Effect of stock dividend (in shares)		4,220,604
Effect of stock dividend	0	$ 42	(42)
Stock-based compensation	6,224		6,224
Ending Balance (in shares) at Jun. 30, 2023		88,632,319
Ending Balance at Jun. 30, 2023	249,430	$ 886	275,025	(27,843)	1,362
Beginning Balance (in shares) at Mar. 31, 2023		84,416,022
Beginning Balance at Mar. 31, 2023	251,219	$ 844	271,678	(22,624)	1,321
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(5,178)			(5,219)	41
Distributions and dividends on common stock (in shares)		(372)
Distributions and dividends on common stock	(1)		(1)
Withholding of shares as payment of tax liabilities in connection with restricted stock vesting (in shares)		(3,935)
Withholding of shares as payment of tax liabilities in connection with restricted stock vesting	(11)		(11)
Effect of stock dividend (in shares)		4,220,604
Effect of stock dividend	0	$ 42	(42)
Stock-based compensation	3,401		3,401
Ending Balance (in shares) at Jun. 30, 2023		88,632,319
Ending Balance at Jun. 30, 2023	$ 249,430	$ 886	275,025	(27,843)	1,362
Beginning Balance (in shares) at Dec. 31, 2023	87,925,412	87,925,412
Beginning Balance at Dec. 31, 2023	$ 234,154	$ 879	279,904	(47,552)	923
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(43,465)			(43,139)	(326)
Restricted stock grants (in shares)		4,017,800
Restricted stock grants	0	$ 40	(40)
Withholding of shares as payment of tax liabilities in connection with restricted stock vesting (in shares)		(9,921)
Withholding of shares as payment of tax liabilities in connection with restricted stock vesting	(11)		(11)
Restricted stock grant cancelled (in shares)		(218,625)
Restricted stock grant cancelled	0	$ (2)	2
Stock-based compensation	$ 6,830		6,830
Ending Balance (in shares) at Jun. 30, 2024	91,714,666	91,714,666
Ending Balance at Jun. 30, 2024	$ 197,508	$ 917	286,685	(90,691)	597
Beginning Balance (in shares) at Mar. 31, 2024		91,535,412
Beginning Balance at Mar. 31, 2024	195,824	$ 915	283,223	(89,027)	713
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(1,780)			(1,664)	(116)
Restricted stock grants (in shares)		407,800
Restricted stock grants	0	$ 4	(4)
Withholding of shares as payment of tax liabilities in connection with restricted stock vesting (in shares)		(9,921)
Withholding of shares as payment of tax liabilities in connection with restricted stock vesting	(11)		(11)
Restricted stock grant cancelled (in shares)		(218,625)
Restricted stock grant cancelled	0	$ (2)	2
Stock-based compensation	$ 3,475		3,475
Ending Balance (in shares) at Jun. 30, 2024	91,714,666	91,714,666
Ending Balance at Jun. 30, 2024	$ 197,508	$ 917	$ 286,685	$ (90,691)	$ 597

CONDENSED CONSOLIDATED STATEM_3

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

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net loss	$ (43,465)	$ (23,018)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	3,910	4,032
Non-cash stock-based compensation expense	6,830	6,224
Loss on sale of assets	205	0
Deferred income taxes	977	(6,682)
Net gains on investment securities	(629)	(82)
Equity in losses from equity-method investments	13	153
Non-cash lease expense	10,991	10,877
Provision for credit losses	2,243	2,750
Changes in assets and liabilities:
Receivables	(9,719)	(5,358)
Income taxes receivables, net	5,629	(100)
Accounts payable and accrued liabilities	934	14,148
Operating right-of-use assets and operating lease liabilities, net	(11,737)	(11,414)
Accrued salary and benefits	(9,543)	(11,709)
Litigation settlement	10,000	0
Other	7,388	(2,961)
Net cash used in operating activities	(25,973)	(23,140)
Cash flows from investing activities:
Purchase of debt securities	0	(25)
Proceeds from sale or liquidation of long-term investments	2,523	408
Purchase of equity securities	0	(300)
Purchase of long-term investments	(185)	(180)
Capital expenditures	(2,967)	(4,614)
Net cash used in investing activities	(629)	(4,711)
Cash flows from financing activities:
Dividends on common stock	0	(4,222)
Withholding of shares as payment of payroll tax liabilities in connection with restricted stock vesting	(11)	(11)
Net cash used in financing activities	(11)	(4,233)
Net decrease in cash, cash equivalents and restricted cash	(26,613)	(32,084)
Cash, cash equivalents and restricted cash, beginning of period	129,517	171,382
Cash, cash equivalents and restricted cash, end of period	$ 102,904	$ 139,298

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
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, respectively. 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, 2023 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 Per Share (“EPS”) : The Company has restricted stock awards which will provide 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. There were no outstanding non-participating securities during the three and six months ended June 30, 2024 and 2023, respectively. The Company paid a cash dividend during each of the quarters beginning with the quarter ended March 31, 2022 through March 31, 2023. Information concerning the Company’s common stock has been adjusted to give retroactive effect to the 5% stock dividend distributed to Company stockholders on June 30, 2023. All per-share amounts and references to share amounts have been updated to reflect the retrospective effect of the stock dividend. Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net loss attributed to Douglas Elliman Inc. $ (1,664) $ (5,219) $ (43,139) $ (22,843) Income attributable to participating securities — — — (307) Net loss available to common stockholders attributed to Douglas Elliman Inc. $ (1,664) $ (5,219) $ (43,139) $ (23,150) Basic EPS is computed by dividing net loss 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: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Weighted-average shares for basic and diluted EPS 83,336,516 82,195,791 83,335,308 82,194,781 (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. 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 $ 92,864 $ 119,808 Restricted cash and cash equivalents included in current assets 7,557 7,171 Restricted cash and cash equivalents included in other assets 2,483 2,538 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 102,904 $ 129,517 (f) Goodwill and Other Intangible Assets: Goodwill and intangible assets with indefinite lives are not amortized, but instead are tested for impairment on an annual basis, as of October 1, or whenever events or changes in business circumstances indicate the carrying value of the assets may not be recoverable. The Company follows ASC 350, Intangibles – Goodwill and Other , and subsequent updates including ASU 2011-08, Testing Goodwill for Impairment and ASU 2017-14, Simplifying the Test for Goodwill Impairment . The amendments permit entities to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the Company concludes that it is more likely than not that a reporting unit’s fair value is less than its carrying value or chooses to bypass the optional qualitative assessment, the Company then assesses recoverability by comparing the fair value of the reporting unit to its carrying amount; otherwise, no further impairment test would be required. The fair value of the intangible asset associated with the Douglas Elliman trademark is determined using a “relief from royalty payments” method. This approach involves two steps: (i) estimating reasonable royalty rates for its trademark associated with the Douglas Elliman trademark and (ii) applying these royalty rates to a net sales stream and discounting the resulting cash flows to determine fair value. This fair value is then compared with the carrying value of the trademark. In the quarterly period ended December 31, 2023, the Company utilized third-party valuation specialists to prepare a quantitative assessment of goodwill and trademark intangible assets related to Douglas Elliman, based on the current market conditions in the residential real estate brokerage industry. The quantitative assessments did not result in impairment charges to goodwill or to the trademark intangible assets as of December 31, 2023. The Company performed a qualitative assessment as of June 30, 2024, which did not result in impairment charges related to its goodwill or trademark. If the Company fails to achieve the financial projections used in the quantitative assessments of fair value and current market conditions continue to deteriorate, additional impairment charges could result in future periods, and such impairment charges could be material. (g) Related Party Transactions : Agreements with Vector Group Ltd. (“Vector Group”). The Company paid Vector Group $1,050 and $2,100 under the Transition Services Agreement during the three and six months ended June 30, 2024 and 2023, respectively. The Company paid Vector Group $1,000 and $1,595 under the Aircraft Lease Agreements during the three and six months ended June 30, 2024, respectively, and $734 and $1,296 for the three and six months ended June 30, 2023, respectively. Real estate commissions. Real estate commissions include commissions of approximately $793 and $2,017 for the three and six months ended June 30, 2024, respectively, and $0 and $842 for the three and six months ended June 30, 2023, respectively, from projects where the Company has been engaged by certain developers as the sole broker or the co-broker for real estate development projects that Vector Group owns an interest in through its real estate venture investments. (h) Investment and Other Gains : Investment and other gains consist of the following: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net gains recognized on PropTech convertible trading debt securities $ — $ 540 $ — $ 188 Net unrealized gains (losses) recognized on long-term investments at fair value 39 (4) 128 (106) Net gains recognized on long-term investment securities without a readily determinable fair value that does not qualify for the NAV practical expedient 981 — 501 — Investment and other gains $ 1,020 $ 536 $ 629 $ 82 (i) Restructuring : Employee severance and benefits expensed for the six months ended June 30, 2023 relate entirely to the reduction in staff and are cash charges. The amount expensed for the six months ended June 30, 2023 was $1,717 and was included in Restructuring expense in the Company’s condensed consolidated statements of operations. The following table presents the changes in the employee severance and benefits liability under the Real Estate Brokerage segment restructuring plan for the six months ended June 30, 2024: Employee Severance and Benefits Severance liability balance at January 1, 2024 $ 767 Severance expense 598 Severance payments (860) Severance liability at June 30, 2024 $ 505 (j) 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. (k) Subsequent Events : The Company has evaluated subsequent events through August 9, 2024, the date the financial statements were issued. On July 2, 2024, the Company issued $50,000 in aggregate principal amount of senior secured convertible notes (the “Convertible Notes”) due on July 2, 2029 to funds advised by Kennedy Lewis Investment Management LLC (“KLIM”). The Convertibles Notes bear interest at a rate of 7.0% per annum payable in cash, or, at the Company’s election, 8.0% per annum paid in kind, due semi-annually. The Convertible Notes are convertible into common stock at an initial conversion rate equal to $1.50 per share, subject to certain customary anti-dilution adjustments. The Company intends to use the net proceeds from the sale of the Convertible Notes for general corporate purposes. (l) New Accounting Pronouncements : ASUs to be adopted in future periods : In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures. The ASU requires that all public entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. The ASU is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures. The ASU requires that all public entities improve the reportable segment disclosure primarily through enhanced disclosures about significant segment expenses. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods beginning after December 15, 2024. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. (m) SEC Rule Changes : On March 6, 2024, the SEC passed rule changes that will require registrants to provide certain climate-related information in their registration statements and annual reports. The rules 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 will also include disclosure of a registrant's greenhouse gas emissions. In addition, the rules will require registrants to present certain climate-related financial metrics in their audited financial statements. On April 4, 2024, the SEC voluntarily stayed the rules pending the resolution of certain legal challenges. The Company is currently evaluating the impact of the rule changes.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2024
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: Three Months Ended June 30, 2024 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 78,786 $ 50,620 $ 78,082 $ 53,685 $ 261,173 Commission and other brokerage income - development marketing 6,202 156 3,597 1,185 11,140 Property management revenue 9,508 186 — — 9,694 Escrow and title fees 210 108 19 3,407 3,744 Total revenue $ 94,706 $ 51,070 $ 81,698 $ 58,277 $ 285,751 Three Months Ended June 30, 2023 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 82,448 $ 48,948 $ 66,889 $ 50,095 $ 248,380 Commission and other brokerage income - development marketing 6,900 242 6,217 750 14,109 Property management revenue 9,195 180 — — 9,375 Escrow and title fees 526 227 — 3,295 4,048 Total revenue $ 99,069 $ 49,597 $ 73,106 $ 54,140 $ 275,912 Six Months Ended June 30, 2024 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 128,026 $ 85,206 $ 135,712 $ 93,938 $ 442,882 Commission and other brokerage income - development marketing 10,921 221 4,922 1,632 17,696 Property management revenue 18,354 387 — — 18,741 Escrow and title fees 421 257 19 5,974 6,671 Total revenue $ 157,722 $ 86,071 $ 140,653 $ 101,544 $ 485,990 Six Months Ended June 30, 2023 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 140,246 $ 82,053 $ 121,343 $ 87,994 $ 431,636 Commission and other brokerage income - development marketing 14,663 861 16,277 1,088 32,889 Property management revenue 17,775 377 — — 18,152 Escrow and title fees 925 437 — 5,855 7,217 Total revenue $ 173,609 $ 83,728 $ 137,620 $ 94,937 $ 489,894 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, 2023 Receivables, which are included in receivables $ 2,114 $ 1,846 Contract assets, net, which are included in other current assets 8,899 6,030 Contract assets, net, which are in other assets 39,277 36,040 Payables, which are included in commissions payable 1,552 1,357 Contract liabilities, which are in current liabilities 14,831 11,234 Contract liabilities, which are in other liabilities 62,075 51,178 The Company recognized revenue of $3,053 ($2,163 of consulting, administration and net commissions) and $4,216 ($2,987 of consulting, administration and net commissions) for the three and six months ended June 30, 2024, respectively, that were included in the contract liabilities balances at December 31, 2023. The Company recognized revenue of $7,568 ($4,847 of consulting, administration and net commissions) and $11,362 ($6,461 of consulting, administration and net commissions) for the three and six months ended June 30, 2023, respectively, that were included in the contract liabilities balances at December 31, 2022.

CURRENT EXPECTED CREDIT LOSSES

CURRENT EXPECTED CREDIT LOSSES	6 Months Ended
	Jun. 30, 2024
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 Agent receivables, net 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 $5,506 and $5,575 at June 30, 2024 and December 31, 2023, respectively. The following table summarizes changes in the allowance for credit losses for the six months ended June 30, 2024: January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 5,575 $ 2,242 (1) $ 2,311 $ — $ 5,506 _____________________________ (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, 2023: January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 10,916 $ 2,750 (1) $ 1,320 $ — $ 12,346 _____________________________ (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, 2024
Leases [Abstract]
LEASES	LEASES The Company has operating leases for corporate and sales offices and equipment. The components of lease expense, which were included in Sales and marketing expense on the condensed consolidated statements of operations, were as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Operating lease cost $ 7,682 $ 8,320 $ 16,260 $ 16,645 Short-term lease cost 193 375 449 653 Variable lease cost 1,072 1,052 2,061 2,130 Less: Sublease income (31) (156) (87) (309) Total lease cost $ 8,916 $ 9,591 $ 18,683 $ 19,119 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2024 2023 Cash paid for amounts included in measurement of lease liabilities : Operating cash flows from operating leases $ 17,020 $ 17,231 Right-of-use assets obtained in exchange for lease obligations : Operating leases 3,469 6,296 Supplemental balance sheet information related to leases was as follows: June 30, December 31, 2024 2023 Weighted average remaining lease term : Operating leases 6.14 6.38 Weighted average discount rate : Operating leases 8.66 % 8.63 % As of June 30, 2024, maturities of lease liabilities were as follows: Operating Leases Period Ending December 31: Remainder of 2024 $ 15,720 2025 28,886 2026 26,263 2027 23,224 2028 20,266 2029 16,214 Thereafter 31,049 Total lease payments 161,622 Less imputed interest (37,924) Total $ 123,698 As of June 30, 2024, the Company had $86 undiscounted lease payments relating to real estate leases that have not yet commenced. The operating leases will commence in the third quarter of 2024 with lease terms ranging between 1.4 years and 1.5 years.

LONG-TERM INVESTMENTS

LONG-TERM INVESTMENTS	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
LONG-TERM INVESTMENTS	LONG-TERM INVESTMENTS Long-term investments consisted of the following: June 30, December 31, 2023 PropTech convertible trading debt securities $ 1,162 $ 1,162 Long-term investment securities at fair value (1) 3,042 2,821 PropTech investments at cost 8,150 8,888 PropTech investments under equity method 565 570 Total investments 12,919 13,441 Less PropTech current convertible trading debt securities (2) 1,162 — Less PropTech investments accounted for under the equity method (3) 565 570 Total long-term investments $ 11,192 $ 12,871 _____________________________ (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. (3) These amounts are included in “Equity-method investments” on the condensed consolidated balance sheets. Net realized and unrealized gains recognized on long-term investment securities were as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net realized gains recognized on PropTech convertible trading debt securities $ — $ 540 $ — $ 188 Net unrealized gains (losses) recognized on long-term investments at fair value 39 (4) 128 (106) Net gains recognized on long-term investment securities without a readily determinable fair value that does not qualify for the NAV practical expedient 981 — 501 — Net realized and unrealized gains recognized on long-term investment securities $ 1,020 $ 536 $ 629 $ 82 (a) PropTech Convertible Trading Debt Securities: These securities are classified as trading debt securities and are accounted for at fair value. The remaining convertible note matures in February 2025. (b) Long-Term Investment Securities at Fair Value: The following is a summary of unrealized gains (losses) recognized in net loss on long-term investment securities at fair value during the three and six months ended June 30, 2024 and 2023, respectively: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net unrealized gains (losses) recognized on long-term investment at fair value $ 39 $ (4) $ 128 $ (106) The Company has unfunded commitments of $733 related to long-term investment securities at fair value as of June 30, 2024. (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 as of June 30, 2024. The total carrying value of equity securities without readily determinable fair values that do not qualify for the NAV practical expedient was $8,150 as of June 30, 2024 and $8,888 at December 31, 2023, respectively. The Company recorded an impairment of $489 for the six months ended June 30, 2024. The impairment was included in “Investment and other gains” on the condensed consolidated statements of operations. No impairment or other adjustments related to observable price changes in orderly transactions for identical or similar investments were identified for the three and six months ended June 30, 2023.

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENTS	EQUITY METHOD INVESTMENTS Equity method investments consisted of the following: June 30, 2024 December 31, 2023 Ancillary services ventures $ 1,970 $ 1,960 At June 30, 2024, the Company’s ownership percentages in these investments ranged from 5.9% 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 $1,970 as of June 30, 2024.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES The Company is involved in litigation through the normal course of its business. The majority of claims are covered by the Company’s insurance policies in excess of any applicable retention. Other claims may not be covered by the Company’s insurance policies. The Company believes that the resolution of ordinary course matters will not have a material adverse effect on the financial position, results of operations or cash flows of the Company. In October 2023, individual plaintiffs filed an action on behalf of a putative national class of home sellers from October 2019 through the present in the Western District of Missouri against the National Association of Realtors (“NAR”) and certain real estate brokerage firms, including the Company, alleging anticompetitive behavior in violation of federal antitrust laws arising from the NAR’s requirement that sellers’ agents for Multiple Listing Service (“MLS”) listed properties offer to pay a portion of commissions received on the sale of such properties to buyers’ agents (the Gibson case). In November 2023, additional individual plaintiffs filed an action on behalf of a putative national class of home buyers in the Northern District of Illinois against certain real estate brokerage firms, including the Company, alleging anticompetitive behavior, in violation of antitrust laws, and state consumer protection laws, as well as asserting an unjust enrichment claim (the Batton case). In June 2024, plaintiffs voluntarily dismissed this action without prejudice. Thereafter, on June 11, 2024, plaintiffs’ counsel from the Batton case added the Company to a previously filed action on behalf of a putative national class of home buyers in the Southern District of Florida (the Lutz case). The allegations and claims in the Lutz case are similar to the Batton case. In November 2023, additional individual plaintiffs filed an action on behalf of a putative class of home sellers in Manhattan from November 2019 through the present in the Southern District of New York against certain real estate brokerage firms, including the Company, alleging anticompetitive behavior, similar to the Gibson case, in violation of federal antitrust and state antitrust laws, as well as asserting an unjust enrichment claim (the March case). In December 2023, individual plaintiffs filed an action on behalf of a putative class of home sellers in certain parts of Brooklyn from January 2020 through present in the Eastern District of New York against certain real estate brokerage firms, including the Company, alleging anticompetitive behavior, similar to the March case, in violation of federal antitrust and state antitrust laws. On January 18, 2024, the case was voluntarily dismissed and refiled in the Southern District of New York (the Friedman case). In December 2023, individual plaintiffs filed an action on behalf of a putative national class of home sellers (with certain markets excluded) from December 2019 through present in the Western District of Missouri against certain real estate brokerage firms, including the Company and Douglas Elliman Realty, LLC, alleging anticompetitive behavior, similar to the Gibson case, in violation of federal antitrust laws (the Umpa case). On April 23, 2024, the District Court in the Western District of Missouri consolidated the Umpa case into the Gibson case. In January 2024, an individual plaintiff filed an action on behalf of a putative class of home sellers in Nevada from January 2020 through the present in the District of Nevada against certain real estate trade associations and MLSs, alleging anticompetitive behavior, similar to the Gibson case, in violation of federal antitrust and state unfair trade practices laws (the Whaley case). On January 25, 2024, the plaintiff filed an amended complaint that added one of the Company’s brokerage subsidiaries, among other real estate brokerage firms, as a defendant in the action. Multidistrict Litigation . In December 2023, the Gibson and Umpa plaintiffs moved to transfer and centralize nine actions, including the Gibson , Umpa , and March cases in the Western District of Missouri. In response, NAR moved to consolidate all real estate commission antitrust cases, including all of the cases that the Gibson and Umpa plaintiffs sought to consolidate, as well as Batton , Friedman , March, and Whaley , and several other actions in which the Company is not named as a defendant, in the Northern District of Illinois. Many of the defendants opposed plaintiffs’ motion to transfer and centralize the antitrust actions. The Judicial Panel on Multidistrict Litigation denied the motion on March 28, 2024, with leave to refile at a later date. In April 2024, the Company entered into a settlement agreement (the “Settlement Agreement”) to resolve, on a nationwide basis, the Gibson and Umpa cases (the “Lawsuits”). On April 30, 2024, the Court in the now-consolidated Gibson case (which includes the Umpa case) preliminarily approved the settlement, preliminarily certified the proposed settlement class and stayed the case as against the Company pending final approval of the Settlement Agreement. The final approval hearing for the settlement will take place on October 31, 2024. After preliminary approval, the Company obtained stays of the remaining actions against it, other than the Lutz case. The settlement resolves all claims on a nationwide basis by the plaintiffs and proposed settlement class members in the Lawsuits, which includes, but is not limited to, all claims concerning brokerage commissions by the proposed settlement class members that were asserted in other lawsuits against the Company and its subsidiaries (collectively, the “Claims”), and releases the Company, its subsidiaries, and affiliated agents from all Claims. The settlement is not an admission of liability, nor does the Company concede or validate any of the claims asserted against it. Under the Settlement Agreement, the Company paid into an escrow fund $7,750 on June 12, 2024, and agreed to pay two $5,000 contingent payments subject to certain financial contingencies on or before December 31, 2027 (collectively, the “Settlement Amount”). The contingent payments may be accelerated under certain circumstances. The Company recognized an expens e of $17,750 for the six months ended June 30, 2024. In addition, the Company agreed to make certain changes to its business practices and emphasize certain practices that have been a part of Douglas Elliman’s longstanding policies and practices, including: reminding its brokerages and agents that the Company has no rule requiring agents to make or accept offers of compensation; requiring its brokerages and agents to clearly disclose to clients that commissions are not set by law and are fully negotiable; prohibiting its brokerages and buyer agents from claiming buyer agent services are free; requiring its brokerages and agents to disclose to the buyer the listing broker’s offer of compensation for prospective buyers’ agents as soon as possible; prohibiting its brokerages and agents from using any technology (or manual methods) to sort listings by offers of compensation, unless requested by the client; reminding its brokerages and agents of their obligation to show properties regardless of compensation for buyers’ agents for properties that meet the buyer’s priorities; and developing training materials for its brokerages and agents that support all the practice changes outlined in the injunctive relief. The Settlement Agreement remains subject to final court approval and will, if approved, become effective thereafter. Litigation is subject to uncertainty and it is possible that there could be adverse developments in pending cases or that more cases, including antitrust lawsuits, could be commenced. With the commencement of any new case, the defense costs and the risks relating to the unpredictability of litigation increase. Management reviews on a quarterly basis with counsel all pending litigation and evaluates the probability of a loss being incurred and whether an estimate can be made of the possible loss or range of loss that could result from an unfavorable outcome. An unfavorable outcome or settlement of pending litigation could encourage the commencement of additional litigation. The Company is unable to reasonably estimate the financial impact of these litigations. The Company’s consolidated financial position, results of operations or cash flows could be materially adversely affected from an unfavorable outcome in, or settlement of, any of these matters. Accounting Policy . The Company and its subsidiaries record provisions in their consolidated financial statements for pending litigation when they determine that an unfavorable outcome is probable and the amount of loss can be reasonably estimated. At the present time, while it is reasonably possible that an unfavorable outcome in a case may occur, other than with respect to the Lawsuits: (i) management has concluded that it is not probable that a loss has been incurred in any of pending cases; or (ii) management is unable to reasonably estimate the possible loss or range of loss that could result from an unfavorable outcome of any pending cases and, therefore, management has not provided any amounts in the condensed consolidated financial statements for unfavorable outcomes, if any.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES ASC 740, Income Taxes , requires the Company to establish a valuation allowance to reduce the deferred tax assets reported if, based on the weight of available evidence, it is more likely than not that some portion or all the deferred tax assets will not be realized. If such determination is made and future losses are incurred over the period in which the net deferred tax assets are deductible, the Company believes it will be more likely than not that the benefits of these deductible differences will not be realized, and as a result will be required to maintain a valuation allowance for the full amount of the deferred tax assets. During the three months ending June 30, 2024, the Company analyzed the likelihood of utilizing its deferred tax assets and determined it will be more likely than not that the benefits of these deductible differences will not be realized, and as a result established a valuation allowance for the full amount of the deferred tax assets. The Company’s income tax expense (benefit) and valuation allowance consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Loss before provision for income taxes $ (1,607) $ (6,471) $ (42,097) $ (29,701) Income tax benefit (330) (1,456) (8,630) (6,683) Changes in effective tax rates — 163 — — Current period valuation allowance 503 — 9,021 — Change in prior year valuation allowance — — 977 — Income tax expense (benefit) $ 173 $ (1,293) $ 1,368 $ (6,683)

INVESTMENTS AND FAIR VALUE MEAS

INVESTMENTS AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2024
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, 2024 Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Gains (Losses) Assets: Money market funds (1) $ 42,262 $ 42,262 $ — $ — U.S. treasury bills (2) 41,898 41,898 — — Certificates of deposit (3) 507 — 507 — PropTech convertible trading debt securities 1,162 — — 1,162 Long-term investments Long-term investment securities at fair value (4) 3,042 — — — Total assets $ 88,871 $ 84,160 $ 507 $ 1,162 Nonrecurring fair value measurements Long-term investments (5) $ — $ — $ (489) $ — $ — $ (489) _____________________________ (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $7,557 that is included in current restricted cash and cash equivalents and $2,483 that is included in non-current restricted assets within Other assets. (2) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets. (3) Amounts included in Other assets on the condensed consolidated balance sheets. (4) In accordance with ASC Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy. (5) Long-term investments with a carrying amount of $489 were written down to their fair value of $0, resulting in an impairment charge of $489, which was included in earnings. Fair Value Measurements as of December 31, 2023 Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Money market funds (1) $ 59,595 $ 59,595 $ — $ — U.S. treasury bills (2) 51,200 51,200 — — Certificates of deposit (3) 507 — 507 — Long-term investments PropTech convertible trading debt securities 1,162 — — 1,162 Long-term investment securities at fair value (4) 2,821 — — — Total long-term investments 3,983 — — 1,162 Total assets $ 115,285 $ 110,795 $ 507 $ 1,162 _____________________________ (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $7,171 that is included in current restricted assets and $2,538 that is included in non-current restricted assets within Other assets. (2) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets. (3) Amounts included in Other assets on the condensed consolidated balance sheets. (4) In accordance with ASC 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 ASC 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 as of June 30, 2024: Quantitative Information about Level 3 Fair Value Measurements Fair Value at June 30, Valuation Unobservable Range PropTech convertible trading debt securities $ 1,162 Discounted cash flow Interest rate 5% Maturity Feb 2025 Volatility 40.25% Discount rate 30.37% The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows as of December 31, 2023: Quantitative Information about Level 3 Fair Value Measurements Fair Value at December 31, Valuation Technique Unobservable Range PropTech convertible trading debt securities $ 1,162 Discounted cash flow Interest rate 5% Maturity Feb 2025 Volatility 40.25% Discount rate 30.37% 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 because of impairment charges. The Company had no nonrecurring nonfinancial assets subject to fair value measurements as of June 30, 2024 and December 31, 2023, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2024
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, 2024 and 2023 were as follows: Real Estate Brokerage Corporate and Other Total Three months ended June 30, 2024 Revenues $ 285,751 $ — $ 285,751 Operating income (loss) 2,947 (1) (6,620) (3,673) Adjusted EBITDA attributed to Douglas Elliman (3) 6,632 (4,273) 2,359 Depreciation and amortization 1,929 — 1,929 Three months ended June 30, 2023 Revenues $ 275,912 $ — $ 275,912 Operating loss (1,014) (2) (7,283) (8,297) Adjusted EBITDA attributed to Douglas Elliman (3) 2,481 (5,043) (2,562) Depreciation and amortization 1,993 — 1,993 Six months ended June 30, 2024 Revenues $ 485,990 $ — $ 485,990 Operating loss (32,339) (4) (12,798) (45,137) Adjusted EBITDA attributed to Douglas Elliman (3) (7,566) (8,321) (15,887) Depreciation and amortization 3,910 — 3,910 Capital expenditures 2,967 — 2,967 Six months ended June 30, 2023 Revenues $ 489,894 $ — $ 489,894 Operating loss (18,357) (5) (13,748) (32,105) Adjusted EBITDA attributed to Douglas Elliman (3) (10,503) (9,704) (20,207) Depreciation and amortization 4,032 — 4,032 Capital expenditures 4,614 — 4,614 _____________________________ (1) Operating income includes $598 of restructuring expense. (2) Operating loss includes $507 of restructuring expense. (3) The following table reconciles operating income to Adjusted EBITDA attributed to Douglas Elliman for the three and six months ended June 30, 2024 and 2023. (4) Operating loss includes $17,750 of litigation settlement and $598 of restructuring expense. (5) Operating loss includes $1,717 of restructuring expense. Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Real estate brokerage segment Operating income (loss) $ 2,947 $ (1,014) $ (32,339) $ (18,357) Depreciation and amortization 1,929 1,993 3,910 4,032 Stock-based compensation 1,128 1,161 2,353 2,180 Litigation settlement — — 17,750 — Restructuring 598 507 598 1,717 Adjusted EBITDA 6,602 2,647 (7,728) (10,428) Adjusted EBITDA attributed to non-controlling interest 30 (166) 162 (75) Adjusted EBITDA attributed to Douglas Elliman $ 6,632 $ 2,481 $ (7,566) $ (10,503) Corporate and other segment Operating loss $ (6,620) $ (7,283) $ (12,798) $ (13,748) Stock-based compensation 2,347 2,240 4,477 4,044 Adjusted EBITDA attributed to Douglas Elliman $ (4,273) $ (5,043) $ (8,321) $ (9,704)

ESCROW FUNDS IN HOLDING

ESCROW FUNDS IN HOLDING	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
ESCROW FUNDS IN HOLDING	ESCROW FUNDS IN HOLDING As 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 $34,314 and $41,338 as of June 30, 2024 and December 31, 2023, 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.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net loss attributed to Douglas Elliman Inc.	$ (1,664)	$ (5,219)	$ (43,139)	$ (22,843)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
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, respectively. 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, 2023 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 : 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.
Loss Per Share (“EPS”)	Loss Per Share (“EPS”) : The
Reconciliation of Cash, Cash Equivalents and Restricted Cash	Reconciliation of Cash, Cash Equivalents and Restricted Cash :
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets: Goodwill and intangible assets with indefinite lives are not amortized, but instead are tested for impairment on an annual basis, as of October 1, or whenever events or changes in business circumstances indicate the carrying value of the assets may not be recoverable. The Company follows ASC 350, Intangibles – Goodwill and Other , and subsequent updates including ASU 2011-08, Testing Goodwill for Impairment and ASU 2017-14, Simplifying the Test for Goodwill Impairment . The amendments permit entities to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the Company concludes that it is more likely than not that a reporting unit’s fair value is less than its carrying value or chooses to bypass the optional qualitative assessment, the Company then assesses recoverability by comparing the fair value of the reporting unit to its carrying amount; otherwise, no further impairment test would be required. The fair value of the intangible asset associated with the Douglas Elliman trademark is determined using a “relief from royalty payments” method. This approach involves two steps: (i) estimating reasonable royalty rates for its trademark associated with the Douglas Elliman trademark and (ii) applying these royalty rates to a net sales stream and discounting the resulting cash flows to determine fair value. This fair value is then compared with the carrying value of the trademark. In the quarterly period ended December 31, 2023, the Company utilized third-party valuation specialists to prepare a quantitative assessment of goodwill and trademark intangible assets related to Douglas Elliman, based on the current market conditions in the residential real estate brokerage industry. The quantitative assessments did not result in impairment charges to goodwill or to the trademark intangible assets as of December 31, 2023. The Company performed a qualitative assessment as of June 30, 2024, which did not result in impairment charges related to its goodwill or trademark. If the Company fails to achieve the financial projections used in the quantitative assessments of fair value and current market conditions continue to deteriorate, additional impairment charges could result in future periods, and such impairment charges could be material.
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 August 9, 2024, the date the financial statements were issued. On July 2, 2024, the Company issued $50,000 in aggregate principal amount of senior secured convertible notes (the “Convertible Notes”) due on July 2, 2029 to funds advised by Kennedy Lewis Investment Management LLC (“KLIM”). The Convertibles Notes bear interest at a rate of 7.0% per annum payable in cash, or, at the Company’s election, 8.0% per annum paid in kind, due semi-annually. The Convertible Notes are convertible into common stock at an initial conversion rate equal to $1.50 per share, subject to certain customary anti-dilution adjustments. The Company intends to use the net proceeds from the sale of the Convertible Notes for general corporate purposes.
New Accounting Pronouncements	New Accounting Pronouncements : ASUs to be adopted in future periods : In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures. The ASU requires that all public entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. The ASU is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures. The ASU requires that all public entities improve the reportable segment disclosure primarily through enhanced disclosures about significant segment expenses. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods beginning after December 15, 2024. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. (m) SEC Rule Changes : On March 6, 2024, the SEC passed rule changes that will require registrants to provide certain climate-related information in their registration statements and annual reports. The rules 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 will also include disclosure of a registrant's greenhouse gas emissions. In addition, the rules will require registrants to present certain climate-related financial metrics in their audited financial statements. On April 4, 2024, the SEC voluntarily stayed the rules pending the resolution of certain legal challenges. The Company is currently evaluating the impact of the rule changes.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Net Loss for Purposes of Determining Basic and Diluted EPS	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net loss attributed to Douglas Elliman Inc. $ (1,664) $ (5,219) $ (43,139) $ (22,843) Income attributable to participating securities — — — (307) Net loss available to common stockholders attributed to Douglas Elliman Inc. $ (1,664) $ (5,219) $ (43,139) $ (23,150)
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: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Weighted-average shares for basic and diluted EPS 83,336,516 82,195,791 83,335,308 82,194,781
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 $ 92,864 $ 119,808 Restricted cash and cash equivalents included in current assets 7,557 7,171 Restricted cash and cash equivalents included in other assets 2,483 2,538 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 102,904 $ 129,517
Schedule of Investment and Other Gains	Investment and other gains consist of the following: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net gains recognized on PropTech convertible trading debt securities $ — $ 540 $ — $ 188 Net unrealized gains (losses) recognized on long-term investments at fair value 39 (4) 128 (106) Net gains recognized on long-term investment securities without a readily determinable fair value that does not qualify for the NAV practical expedient 981 — 501 — Investment and other gains $ 1,020 $ 536 $ 629 $ 82
Schedule of Restructuring and Related Costs	The following table presents the changes in the employee severance and benefits liability under the Real Estate Brokerage segment restructuring plan for the six months ended June 30, 2024: Employee Severance and Benefits Severance liability balance at January 1, 2024 $ 767 Severance expense 598 Severance payments (860) Severance liability at June 30, 2024 $ 505

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2024
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: Three Months Ended June 30, 2024 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 78,786 $ 50,620 $ 78,082 $ 53,685 $ 261,173 Commission and other brokerage income - development marketing 6,202 156 3,597 1,185 11,140 Property management revenue 9,508 186 — — 9,694 Escrow and title fees 210 108 19 3,407 3,744 Total revenue $ 94,706 $ 51,070 $ 81,698 $ 58,277 $ 285,751 Three Months Ended June 30, 2023 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 82,448 $ 48,948 $ 66,889 $ 50,095 $ 248,380 Commission and other brokerage income - development marketing 6,900 242 6,217 750 14,109 Property management revenue 9,195 180 — — 9,375 Escrow and title fees 526 227 — 3,295 4,048 Total revenue $ 99,069 $ 49,597 $ 73,106 $ 54,140 $ 275,912 Six Months Ended June 30, 2024 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 128,026 $ 85,206 $ 135,712 $ 93,938 $ 442,882 Commission and other brokerage income - development marketing 10,921 221 4,922 1,632 17,696 Property management revenue 18,354 387 — — 18,741 Escrow and title fees 421 257 19 5,974 6,671 Total revenue $ 157,722 $ 86,071 $ 140,653 $ 101,544 $ 485,990 Six Months Ended June 30, 2023 New York City Northeast Southeast West Total Revenues : Commission and other brokerage income - existing home sales $ 140,246 $ 82,053 $ 121,343 $ 87,994 $ 431,636 Commission and other brokerage income - development marketing 14,663 861 16,277 1,088 32,889 Property management revenue 17,775 377 — — 18,152 Escrow and title fees 925 437 — 5,855 7,217 Total revenue $ 173,609 $ 83,728 $ 137,620 $ 94,937 $ 489,894
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, 2023 Receivables, which are included in receivables $ 2,114 $ 1,846 Contract assets, net, which are included in other current assets 8,899 6,030 Contract assets, net, which are in other assets 39,277 36,040 Payables, which are included in commissions payable 1,552 1,357 Contract liabilities, which are in current liabilities 14,831 11,234 Contract liabilities, which are in other liabilities 62,075 51,178

CURRENT EXPECTED CREDIT LOSSES

CURRENT EXPECTED CREDIT LOSSES (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024: January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 5,575 $ 2,242 (1) $ 2,311 $ — $ 5,506 _____________________________ (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, 2023: January 1, Current Period Provision Write-offs Recoveries June 30, Allowance for credit losses: Real estate broker agent receivables $ 10,916 $ 2,750 (1) $ 1,320 $ — $ 12,346 _____________________________ (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, 2024
Leases [Abstract]
Schedule of Lease Expense and Supplemental Cash Flow Information	The components of lease expense, which were included in Sales and marketing expense on the condensed consolidated statements of operations, were as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Operating lease cost $ 7,682 $ 8,320 $ 16,260 $ 16,645 Short-term lease cost 193 375 449 653 Variable lease cost 1,072 1,052 2,061 2,130 Less: Sublease income (31) (156) (87) (309) Total lease cost $ 8,916 $ 9,591 $ 18,683 $ 19,119 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2024 2023 Cash paid for amounts included in measurement of lease liabilities : Operating cash flows from operating leases $ 17,020 $ 17,231 Right-of-use assets obtained in exchange for lease obligations : Operating leases 3,469 6,296
Schedule of Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows: June 30, December 31, 2024 2023 Weighted average remaining lease term : Operating leases 6.14 6.38 Weighted average discount rate : Operating leases 8.66 % 8.63 %
Schedule of Maturities of Operating Lease Liabilities	As of June 30, 2024, maturities of lease liabilities were as follows: Operating Leases Period Ending December 31: Remainder of 2024 $ 15,720 2025 28,886 2026 26,263 2027 23,224 2028 20,266 2029 16,214 Thereafter 31,049 Total lease payments 161,622 Less imputed interest (37,924) Total $ 123,698

LONG-TERM INVESTMENTS (Tables)

LONG-TERM INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Long-term Investment Securities	Long-term investments consisted of the following: June 30, December 31, 2023 PropTech convertible trading debt securities $ 1,162 $ 1,162 Long-term investment securities at fair value (1) 3,042 2,821 PropTech investments at cost 8,150 8,888 PropTech investments under equity method 565 570 Total investments 12,919 13,441 Less PropTech current convertible trading debt securities (2) 1,162 — Less PropTech investments accounted for under the equity method (3) 565 570 Total long-term investments $ 11,192 $ 12,871 _____________________________ (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. (3) These amounts are included in “Equity-method investments” on the condensed consolidated balance sheets. Net realized and unrealized gains recognized on long-term investment securities were as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net realized gains recognized on PropTech convertible trading debt securities $ — $ 540 $ — $ 188 Net unrealized gains (losses) recognized on long-term investments at fair value 39 (4) 128 (106) Net gains recognized on long-term investment securities without a readily determinable fair value that does not qualify for the NAV practical expedient 981 — 501 — Net realized and unrealized gains recognized on long-term investment securities $ 1,020 $ 536 $ 629 $ 82
Schedule of Unrealized Gains (Losses)	The following is a summary of unrealized gains (losses) recognized in net loss on long-term investment securities at fair value during the three and six months ended June 30, 2024 and 2023, respectively: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net unrealized gains (losses) recognized on long-term investment at fair value $ 39 $ (4) $ 128 $ (106)

EQUITY METHOD INVESTMENTS (Tabl

EQUITY METHOD INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	Equity method investments consisted of the following: June 30, 2024 December 31, 2023 Ancillary services ventures $ 1,970 $ 1,960

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Income Tax Benefit	The Company’s income tax expense (benefit) and valuation allowance consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Loss before provision for income taxes $ (1,607) $ (6,471) $ (42,097) $ (29,701) Income tax benefit (330) (1,456) (8,630) (6,683) Changes in effective tax rates — 163 — — Current period valuation allowance 503 — 9,021 — Change in prior year valuation allowance — — 977 — Income tax expense (benefit) $ 173 $ (1,293) $ 1,368 $ (6,683)

INVESTMENTS AND FAIR VALUE ME_2

INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Gains (Losses) Assets: Money market funds (1) $ 42,262 $ 42,262 $ — $ — U.S. treasury bills (2) 41,898 41,898 — — Certificates of deposit (3) 507 — 507 — PropTech convertible trading debt securities 1,162 — — 1,162 Long-term investments Long-term investment securities at fair value (4) 3,042 — — — Total assets $ 88,871 $ 84,160 $ 507 $ 1,162 Nonrecurring fair value measurements Long-term investments (5) $ — $ — $ (489) $ — $ — $ (489) _____________________________ (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $7,557 that is included in current restricted cash and cash equivalents and $2,483 that is included in non-current restricted assets within Other assets. (2) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets. (3) Amounts included in Other assets on the condensed consolidated balance sheets. (4) In accordance with ASC Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy. (5) Long-term investments with a carrying amount of $489 were written down to their fair value of $0, resulting in an impairment charge of $489, which was included in earnings. Fair Value Measurements as of December 31, 2023 Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Money market funds (1) $ 59,595 $ 59,595 $ — $ — U.S. treasury bills (2) 51,200 51,200 — — Certificates of deposit (3) 507 — 507 — Long-term investments PropTech convertible trading debt securities 1,162 — — 1,162 Long-term investment securities at fair value (4) 2,821 — — — Total long-term investments 3,983 — — 1,162 Total assets $ 115,285 $ 110,795 $ 507 $ 1,162 _____________________________ (1) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $7,171 that is included in current restricted assets and $2,538 that is included in non-current restricted assets within Other assets. (2) Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets. (3) Amounts included in Other assets on the condensed consolidated balance sheets. (4) In accordance with ASC 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 as of June 30, 2024: Quantitative Information about Level 3 Fair Value Measurements Fair Value at June 30, Valuation Unobservable Range PropTech convertible trading debt securities $ 1,162 Discounted cash flow Interest rate 5% Maturity Feb 2025 Volatility 40.25% Discount rate 30.37% The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows as of December 31, 2023: Quantitative Information about Level 3 Fair Value Measurements Fair Value at December 31, Valuation Technique Unobservable Range PropTech convertible trading debt securities $ 1,162 Discounted cash flow Interest rate 5% Maturity Feb 2025 Volatility 40.25% Discount rate 30.37%

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and 2023 were as follows: Real Estate Brokerage Corporate and Other Total Three months ended June 30, 2024 Revenues $ 285,751 $ — $ 285,751 Operating income (loss) 2,947 (1) (6,620) (3,673) Adjusted EBITDA attributed to Douglas Elliman (3) 6,632 (4,273) 2,359 Depreciation and amortization 1,929 — 1,929 Three months ended June 30, 2023 Revenues $ 275,912 $ — $ 275,912 Operating loss (1,014) (2) (7,283) (8,297) Adjusted EBITDA attributed to Douglas Elliman (3) 2,481 (5,043) (2,562) Depreciation and amortization 1,993 — 1,993 Six months ended June 30, 2024 Revenues $ 485,990 $ — $ 485,990 Operating loss (32,339) (4) (12,798) (45,137) Adjusted EBITDA attributed to Douglas Elliman (3) (7,566) (8,321) (15,887) Depreciation and amortization 3,910 — 3,910 Capital expenditures 2,967 — 2,967 Six months ended June 30, 2023 Revenues $ 489,894 $ — $ 489,894 Operating loss (18,357) (5) (13,748) (32,105) Adjusted EBITDA attributed to Douglas Elliman (3) (10,503) (9,704) (20,207) Depreciation and amortization 4,032 — 4,032 Capital expenditures 4,614 — 4,614 _____________________________ (1) Operating income includes $598 of restructuring expense. (2) Operating loss includes $507 of restructuring expense. (3) The following table reconciles operating income to Adjusted EBITDA attributed to Douglas Elliman for the three and six months ended June 30, 2024 and 2023. (4) Operating loss includes $17,750 of litigation settlement and $598 of restructuring expense. (5) Operating loss includes $1,717 of restructuring expense. Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Real estate brokerage segment Operating income (loss) $ 2,947 $ (1,014) $ (32,339) $ (18,357) Depreciation and amortization 1,929 1,993 3,910 4,032 Stock-based compensation 1,128 1,161 2,353 2,180 Litigation settlement — — 17,750 — Restructuring 598 507 598 1,717 Adjusted EBITDA 6,602 2,647 (7,728) (10,428) Adjusted EBITDA attributed to non-controlling interest 30 (166) 162 (75) Adjusted EBITDA attributed to Douglas Elliman $ 6,632 $ 2,481 $ (7,566) $ (10,503) Corporate and other segment Operating loss $ (6,620) $ (7,283) $ (12,798) $ (13,748) Stock-based compensation 2,347 2,240 4,477 4,044 Adjusted EBITDA attributed to Douglas Elliman $ (4,273) $ (5,043) $ (8,321) $ (9,704)

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loss Per Share (“EPS”) (Details)	Jun. 30, 2023
Accounting Policies [Abstract]
Common stock dividend percentage	5%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Net Income for Purposes of Determining Basic and Diluted EPS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Net loss attributed to Douglas Elliman Inc.	$ (1,664)	$ (5,219)	$ (43,139)	$ (22,843)
Income attributable to participating securities, basic	0	0	0	(307)
Income attributable to participating securities, diluted	0	0	0	(307)
Net loss available to common stockholders attributed to Douglas Elliman Inc. - basic	(1,664)	(5,219)	(43,139)	(23,150)
Net loss available to common stockholders attributed to Douglas Elliman Inc. - diluted	$ (1,664)	$ (5,219)	$ (43,139)	$ (23,150)

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Basic and Diluted Earnings Per Share (in shares) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Weighted-average shares for basic EPS (in shares)	83,336,516	82,195,791	83,335,308	82,194,781
Weighted-average shares for diluted EPS (in shares)	83,336,516	82,195,791	83,335,308	82,194,781

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 92,864	$ 119,808
Restricted cash and cash equivalents included in current assets	7,557	7,171
Restricted cash and cash equivalents included in other assets	2,483	2,538
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$ 102,904	$ 129,517	$ 139,298	$ 171,382

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Real estate agent commissions
Summary of Significant Accounting Policies [Line Items]
Real estate commissions	$ 216,457	$ 204,802	$ 365,473	$ 360,904
Transition Services Agreement | Vector Group Ltd.
Summary of Significant Accounting Policies [Line Items]
Transaction amount	1,050	1,050	2,100	2,100
Aviation Agreements | Vector Group Ltd.
Summary of Significant Accounting Policies [Line Items]
Transaction amount	1,000	734	1,595	1,296
Sole Broker Or Co-broker | Vector Group Ltd. | Real estate agent commissions
Summary of Significant Accounting Policies [Line Items]
Real estate commissions	$ 793	$ 0	$ 2,017	$ 842

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Investment and Other Gains (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Net gains recognized on PropTech convertible trading debt securities	$ 0	$ 540	$ 0	$ 188
Net unrealized gains (losses) recognized on long-term investments at fair value	39	(4)	128	(106)
Net gains recognized on long-term investment securities without a readily determinable fair value that does not qualify for the NAV practical expedient	981	0	501	0
Investment and other gains	$ 1,020	$ 536	$ 629	$ 82

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Restructuring and Related Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Reserve [Roll Forward]
Severance expense	$ 598	$ 507	$ 598	$ 1,717
Real Estate Brokerage | Severance
Restructuring Reserve [Roll Forward]
Severance liability beginning balance			767
Severance expense			598
Severance payments			(860)
Severance liability ending balance	$ 505		$ 505

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Subsequent Events (Details) - Subsequent Event - Senior Secured Convertible Notes - Convertible Debt	Jul. 02, 2024 USD ($) $ / shares
Subsequent Event [Line Items]
Debt issued | $	$ 50,000
Interest rate	7%
Paid-in-kind interest	8%
Convertible conversion price (in USD per share) | $ / shares	$ 1.50

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 285,751	$ 275,912	$ 485,990	$ 489,894
New York City
Disaggregation of Revenue [Line Items]
Total revenue	94,706	99,069	157,722	173,609
Northeast
Disaggregation of Revenue [Line Items]
Total revenue	51,070	49,597	86,071	83,728
Southeast
Disaggregation of Revenue [Line Items]
Total revenue	81,698	73,106	140,653	137,620
West
Disaggregation of Revenue [Line Items]
Total revenue	58,277	54,140	101,544	94,937
Commission and other brokerage income - existing home sales
Disaggregation of Revenue [Line Items]
Total revenue	261,173	248,380	442,882	431,636
Commission and other brokerage income - existing home sales | New York City
Disaggregation of Revenue [Line Items]
Total revenue	78,786	82,448	128,026	140,246
Commission and other brokerage income - existing home sales | Northeast
Disaggregation of Revenue [Line Items]
Total revenue	50,620	48,948	85,206	82,053
Commission and other brokerage income - existing home sales | Southeast
Disaggregation of Revenue [Line Items]
Total revenue	78,082	66,889	135,712	121,343
Commission and other brokerage income - existing home sales | West
Disaggregation of Revenue [Line Items]
Total revenue	53,685	50,095	93,938	87,994
Commission and other brokerage income - development marketing
Disaggregation of Revenue [Line Items]
Total revenue	11,140	14,109	17,696	32,889
Commission and other brokerage income - development marketing | New York City
Disaggregation of Revenue [Line Items]
Total revenue	6,202	6,900	10,921	14,663
Commission and other brokerage income - development marketing | Northeast
Disaggregation of Revenue [Line Items]
Total revenue	156	242	221	861
Commission and other brokerage income - development marketing | Southeast
Disaggregation of Revenue [Line Items]
Total revenue	3,597	6,217	4,922	16,277
Commission and other brokerage income - development marketing | West
Disaggregation of Revenue [Line Items]
Total revenue	1,185	750	1,632	1,088
Property management revenue
Disaggregation of Revenue [Line Items]
Total revenue	9,694	9,375	18,741	18,152
Property management revenue | New York City
Disaggregation of Revenue [Line Items]
Total revenue	9,508	9,195	18,354	17,775
Property management revenue | Northeast
Disaggregation of Revenue [Line Items]
Total revenue	186	180	387	377
Property management revenue | Southeast
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Property management revenue | West
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Escrow and title fees
Disaggregation of Revenue [Line Items]
Total revenue	3,744	4,048	6,671	7,217
Escrow and title fees | New York City
Disaggregation of Revenue [Line Items]
Total revenue	210	526	421	925
Escrow and title fees | Northeast
Disaggregation of Revenue [Line Items]
Total revenue	108	227	257	437
Escrow and title fees | Southeast
Disaggregation of Revenue [Line Items]
Total revenue	19	0	19	0
Escrow and title fees | West
Disaggregation of Revenue [Line Items]
Total revenue	$ 3,407	$ 3,295	$ 5,974	$ 5,855

REVENUE RECOGNITION - Contract

REVENUE RECOGNITION - Contract Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract assets, net, which are in other assets	$ 39,277	$ 36,040
Contract liabilities	14,831	11,234
Contract liabilities, which are in other liabilities	62,075	51,178
Receivables, which are included in receivables
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Current assets	2,114	1,846
Contract assets, net, which are included in other current assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Current assets	8,899	6,030
Other Assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract assets, net, which are in other assets	39,277	36,040
Payables, which are included in commissions payable
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities	1,552	1,357
Contract liabilities, which are in current liabilities
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities	14,831	11,234
Other Liabilities
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities, which are in other liabilities	$ 62,075	$ 51,178

REVENUE RECOGNITION - Narrative

REVENUE RECOGNITION - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue recognized on contract liabilities	$ 3,053	$ 7,568	$ 4,216	$ 11,362
Consulting, administration and net commissions)
Disaggregation of Revenue [Line Items]
Revenue recognized on contract liabilities	$ 2,163	$ 4,847	$ 2,987	$ 6,461

CURRENT EXPECTED CREDIT LOSSE_2

CURRENT EXPECTED CREDIT LOSSES - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Real estate broker agent receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Estimated credit losses	$ 5,506	$ 5,575	$ 12,346	$ 10,916

CURRENT EXPECTED CREDIT LOSSE_3

CURRENT EXPECTED CREDIT LOSSES - Rollforward (Details) - Real estate broker agent receivables - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 5,575	$ 10,916
Current Period Provision	2,242	2,750
Write-offs	2,311	1,320
Recoveries	0	0
Ending balance	$ 5,506	$ 12,346

LEASES - Lease Expense and Cash

LEASES - Lease Expense and Cash Outflows from Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease cost	$ 7,682	$ 8,320	$ 16,260	$ 16,645
Short-term lease cost	193	375	449	653
Variable lease cost	1,072	1,052	2,061	2,130
Less: Sublease income	(31)	(156)	(87)	(309)
Total lease cost	$ 8,916	$ 9,591	18,683	19,119
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases			17,020	17,231
Right-of-use assets obtained in exchange for lease obligations:
Operating leases			$ 3,469	$ 6,296

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details)	Jun. 30, 2024	Dec. 31, 2023
Weighted average remaining lease term:
Operating leases	6 years 1 month 20 days	6 years 4 months 17 days
Weighted average discount rate:
Operating leases	8.66%	8.63%

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Operating Leases
Remainder of 2024	$ 15,720
2025	28,886
2026	26,263
2027	23,224
2028	20,266
2029	16,214
Thereafter	31,049
Total lease payments	161,622
Less imputed interest	(37,924)
Total	$ 123,698

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Undiscounted lease payments for leases that have not yet commenced	$ 86
Minimum
Lessee, Lease, Description [Line Items]
Operating lease term	1 year 4 months 24 days
Maximum
Lessee, Lease, Description [Line Items]
Operating lease term	1 year 6 months

LONG-TERM INVESTMENTS - Compone

LONG-TERM INVESTMENTS - Components of Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
PropTech convertible trading debt securities	$ 1,162	$ 1,162
Long-term investment securities at fair value	3,042	2,821
PropTech investments at cost	8,150	8,888
PropTech investments under equity method	565	570
Total investments	12,919	13,441
Less PropTech current convertible trading debt securities	1,162	0
Less PropTech investments accounted for under the equity method	565	570
Total long-term investments	$ 11,192	$ 12,871

LONG-TERM INVESTMENTS - Summary

LONG-TERM INVESTMENTS - Summary of Net Realized and Unrealized Gains (losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net realized gains recognized on PropTech convertible trading debt securities	$ 0	$ 540	$ 0	$ 188
Net unrealized gains (losses) recognized on long-term investments at fair value	39	(4)	128	(106)
Net gains recognized on long-term investment securities without a readily determinable fair value that does not qualify for the NAV practical expedient	981	0	501	0
Investment and other gains	$ 1,020	$ 536	$ 629	$ 82

LONG-TERM INVESTMENTS - Schedul

LONG-TERM INVESTMENTS - Schedule of Unrealized and Realized Gains (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net unrealized gains (losses) recognized on long-term investment at fair value	$ 39	$ (4)	$ 128	$ (106)

LONG-TERM INVESTMENTS - Narrati

LONG-TERM INVESTMENTS - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Unfunded commitments	$ 733
PropTech investments at cost	$ 8,150	$ 8,888

EQUITY METHOD INVESTMENTS - Sch

EQUITY METHOD INVESTMENTS - Schedule of Equity Method Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Equity-method investments	$ 1,970	$ 1,960
Ancillary services ventures
Schedule of Equity Method Investments [Line Items]
Equity-method investments	$ 1,970	$ 1,960

EQUITY METHOD INVESTMENTS - Nar

EQUITY METHOD INVESTMENTS - Narrative (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Schedule of Investments [Line Items]
Maximum exposure on guarantees	$ 1,970
Minimum | Ancillary services ventures
Schedule of Investments [Line Items]
Equity-method ownership percentage	5.90%
Maximum | Ancillary services ventures
Schedule of Investments [Line Items]
Equity-method ownership percentage	50%

CONTINGENCIES (Details)

CONTINGENCIES (Details) $ in Thousands			6 Months Ended
	Apr. 30, 2024 USD ($) payment	Dec. 27, 2023 action	Jun. 30, 2024 USD ($)
Multidistrict Litigation.
Loss Contingencies [Line Items]
Actions | action		9
Gibson and Umpa
Loss Contingencies [Line Items]
Settlement award	$ 7,750
Number of contingent payments | payment	2
Contingent payments	$ 5,000
Recognized expense			$ 17,750

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Loss before provision for income taxes	$ (1,607)	$ (6,471)	$ (42,097)	$ (29,701)
Income tax benefit	(330)	(1,456)	(8,630)	(6,683)
Changes in effective tax rates	0	163	0	0
Current period valuation allowance	503	0	9,021	0
Change in prior year valuation allowance	0	0	977	0
Income tax expense (benefit)	$ 173	$ (1,293)	$ 1,368	$ (6,683)

INVESTMENTS AND FAIR VALUE ME_3

INVESTMENTS AND FAIR VALUE MEASUREMENTS - Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Assets:
PropTech convertible trading debt securities		$ 1,162,000		$ 1,162,000
Long-term investments
Long-term investment securities at fair value		3,042,000		2,821,000
Total long-term investments		4,204,000		3,983,000
Long-term investments with a carrying amount		11,192,000		12,871,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Money Market Funds
Long-term investments
Current restricted assets		7,557,000		7,171,000
Non-current restricted assets		2,483,000		2,538,000
Recurring
Assets:
PropTech convertible trading debt securities		1,162,000
Long-term investments
PropTech convertible trading debt securities				1,162,000
Long-term investment securities at fair value		3,042,000		2,821,000
Total long-term investments				3,983,000
Total assets		88,871,000		115,285,000
Recurring | Money Market Funds
Assets:
Cash and cash equivalents		42,262,000		59,595,000
Recurring | U.S. treasury bills
Assets:
Cash and cash equivalents		41,898,000		51,200,000
Recurring | Certificates of Deposit
Assets:
Cash and cash equivalents		507,000		507,000
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
PropTech convertible trading debt securities		0
Long-term investments
PropTech convertible trading debt securities				0
Long-term investment securities at fair value		0		0
Total long-term investments				0
Total assets		84,160,000		110,795,000
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Money Market Funds
Assets:
Cash and cash equivalents		42,262,000		59,595,000
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. treasury bills
Assets:
Cash and cash equivalents		41,898,000		51,200,000
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
Long-term investments
PropTech convertible trading debt securities				0
Long-term investment securities at fair value		0		0
Total long-term investments				0
Total assets		507,000		507,000
Recurring | Significant Other Observable Inputs (Level 2) | Money Market Funds
Assets:
Cash and cash equivalents		0		0
Recurring | Significant Other Observable Inputs (Level 2) | U.S. treasury bills
Assets:
Cash and cash equivalents		0		0
Recurring | Significant Other Observable Inputs (Level 2) | Certificates of Deposit
Assets:
Cash and cash equivalents		507,000		507,000
Recurring | Significant Unobservable Inputs (Level 3)
Assets:
PropTech convertible trading debt securities		1,162,000
Long-term investments
PropTech convertible trading debt securities				1,162,000
Long-term investment securities at fair value		0		0
Total long-term investments				1,162,000
Total assets		1,162,000		1,162,000
Recurring | Significant Unobservable Inputs (Level 3) | Money Market Funds
Assets:
Cash and cash equivalents		0		0
Recurring | Significant Unobservable Inputs (Level 3) | U.S. treasury bills
Assets:
Cash and cash equivalents		0		0
Recurring | Significant Unobservable Inputs (Level 3) | Certificates of Deposit
Assets:
Cash and cash equivalents		0		$ 0
Nonrecurring
Long-term investments
Total long-term investments		0
Total assets		0
Impairment	$ 0	(489,000)	$ 0
Long-term investments with a carrying amount		489,000
Nonrecurring | Significant Unobservable Inputs (Level 3)
Long-term investments
Total long-term investments		0
Total assets		$ 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, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
PropTech convertible trading debt securities	$ 1,162	$ 1,162
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
PropTech convertible trading debt securities	1,162
Recurring | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
PropTech convertible trading debt securities	1,162
Recurring | Significant Unobservable Inputs (Level 3) | Convertible Trading Debt Securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
PropTech convertible trading debt securities	$ 1,162	$ 1,162
Recurring | Significant Unobservable Inputs (Level 3) | Convertible Trading Debt Securities | Discounted cash flow | Interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Convertible trading debt securities input	0.05	0.05
Recurring | Significant Unobservable Inputs (Level 3) | Convertible Trading Debt Securities | Discounted cash flow | Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Convertible trading debt securities input	0.4025	0.4025
Recurring | Significant Unobservable Inputs (Level 3) | Convertible Trading Debt Securities | Discounted cash flow | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Convertible trading debt securities input	0.3037	0.3037

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenues	$ 285,751	$ 275,912	$ 485,990	$ 489,894
Operating income (loss)	(3,673)	(8,297)	(45,137)	(32,105)
Depreciation and amortization	1,929	1,993	3,910	4,032
Capital expenditures			2,967	4,614
Litigation settlement	0	0	17,750	0
Restructuring	598	507	598	1,717
Adjusted EBITDA attributed to Douglas Elliman	2,359	(2,562)	(15,887)	(20,207)
Real Estate Brokerage | Real Estate Brokerage
Segment Reporting Information [Line Items]
Revenues	285,751	275,912	485,990	489,894
Operating income (loss)	2,947	(1,014)	(32,339)	(18,357)
Depreciation and amortization	1,929	1,993	3,910	4,032
Capital expenditures			2,967	4,614
Stock-based compensation	1,128	1,161	2,353	2,180
Litigation settlement	0	0	17,750	0
Restructuring	598	507	598	1,717
Adjusted EBITDA	6,602	2,647	(7,728)	(10,428)
Adjusted EBITDA attributed to non-controlling interest	30	(166)	162	(75)
Adjusted EBITDA attributed to Douglas Elliman	6,632	2,481	(7,566)	(10,503)
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Operating income (loss)	(6,620)	(7,283)	(12,798)	(13,748)
Depreciation and amortization	0	0	0	0
Capital expenditures			0	0
Stock-based compensation	2,347	2,240	4,477	4,044
Adjusted EBITDA attributed to Douglas Elliman	$ (4,273)	$ (5,043)	$ (8,321)	$ (9,704)

ESCROW FUNDS IN HOLDING (Detail

ESCROW FUNDS IN HOLDING (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Security posted for appeal of judgment	$ 34,314	$ 41,338