DOUGLAS ELLIMAN INC., 10-Q/A filed on 11/9/2023
Amended Quarterly Report
v3.23.3
Cover - shares
 3 Months Ended
Mar. 31, 2023
May 05, 2023
Cover [Abstract]    
Document Type 10-Q/A  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2023  
Document Transition Report false  
Entity Registrant Name DOUGLAS ELLIMAN INC.  
Entity Incorporation, State or Country Code DE  
Entity File Number 1-41054  
Entity Tax Identification Number 87-2176850  
Entity Address, Address Line One 4400 Biscayne Boulevard  
Entity Address, City or Town Miami  
Entity Address, State or Province FL  
Entity Address, Postal Zip Code 33137  
City Area Code 305  
Local Phone Number 579-8000  
Title of 12(b) Security Common stock, par value $0.01 per share  
Trading Symbol DOUG  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   84,416,022
Entity Central Index Key 0001878897  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2023  
Document Fiscal Period Focus Q1  
Amendment Flag true  
Amendment Description This Amendment No. 1 on Form 10-Q/A (the “Amendment”) amends the Quarterly Report on Form 10-Q of Douglas Elliman Inc. (the “Company”) for the period ended March 31, 2023, originally filed with the Securities and Exchange Commission (“SEC”) on May 15, 2023 (the “Original Filing”). This Amendment is being filed solely to amend the certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2022 appended as Exhibits 31.1 and 31.2. Specifically, the Company is refiling these certifications solely to include the introductory language of paragraph 4 and the language of paragraph 4(b) referring to internal control over financial reporting, which language was inadvertently omitted from the Company’s certifications in the Original Filing.This Amendment should be read in conjunction with the Original Filing and the Company’s other filings made with the SEC subsequent to the filing of the Original Filing on May 15, 2023. This Amendment is not intended to, nor does it, reflect events occurring after the filing of the Original Filing, and does not modify or update the disclosures therein in any way other than as required to reflect the changes described above.  
v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 123,662 $ 163,859
Receivables 24,227 22,162
Agent receivables, net 19,507 12,826
Income taxes receivable, net 7,647 7,547
Restricted cash and cash equivalents 5,404 4,985
Other current assets 17,613 13,680
Total current assets 198,060 225,059
Property, plant and equipment, net 42,544 41,717
Operating lease right-of-use assets 113,105 117,773
Long-term investments (includes $5,345 and $6,219 at fair value) 12,669 12,932
Contract assets, net 36,004 38,913
Goodwill 32,230 32,230
Other intangible assets, net 73,489 73,666
Equity-method investments 2,055 1,629
Other assets 6,633 6,483
Total assets 516,789 550,402
Current liabilities:    
Current operating lease liability 22,808 22,328
Accounts payable 6,174 5,456
Commissions payable 25,783 22,117
Accrued salaries and benefits 3,371 18,228
Contract liabilities 7,711 8,222
Other current liabilities 22,480 13,607
Total current liabilities 88,327 89,958
Deferred income taxes, net 9,077 14,467
Non-current operating lease liabilities 115,192 120,508
Contract liabilities 52,837 54,706
Other liabilities 137 306
Total liabilities 265,570 279,945
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, par value $0.01 per share, 10,000,000 shares authorized 0 0
Common stock, par value $0.01 per share, 250,000,000 shares authorized, 84,416,022 and 80,881,022 shares issued and outstanding 844 809
Additional paid-in capital 271,678 273,111
Accumulated deficit (22,624) (5,000)
Total Douglas Elliman Inc. stockholders' equity 249,898 268,920
Non-controlling interest 1,321 1,537
Total stockholders' equity 251,219 270,457
Total liabilities and stockholders' equity $ 516,789 $ 550,402
v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Long-term investments, fair value $ 5,345 $ 6,219
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 250,000,000 250,000,000
Common stock, shares issued (in shares) 84,416,022 80,881,022
Common stock, shares outstanding (in shares) 84,416,022 80,881,022
v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues $ 213,982 $ 308,900
Expenses:    
Sales and marketing 21,239 19,306
General and administrative 32,295 32,830
Depreciation and amortization 2,039 2,079
Operating (loss) income (23,808) 7,879
Other income (expenses):    
Interest income 1,105 39
Equity in (losses) earnings from equity-method investments (73) 532
Investment and other (loss) income (454) 752
(Loss) income before provision for income taxes (23,230) 9,202
Income tax (benefit) expense (5,390) 2,917
Net (loss) income (17,840) 6,285
Net loss attributed to non-controlling interest 216 225
Net (loss) income attributed to Douglas Elliman Inc. $ (17,624) $ 6,510
Per basic common share:    
Net (loss) income applicable to common shares attributed to Douglas Elliman Inc. (in dollars per share) $ (0.23) $ 0.08
Per diluted common share:    
Net (loss) income applicable to common shares attributed to Douglas Elliman Inc. (in dollars per share) $ (0.23) $ 0.08
Restructuring $ 1,210 $ 0
Commissions and other brokerage income    
Revenues:    
Total revenues 202,036 295,109
Property management    
Revenues:    
Total revenues 8,777 9,199
Other ancillary services    
Revenues:    
Total revenues 3,169 4,592
Real estate agent commissions    
Expenses:    
Costs related to sales 156,102 223,422
Operations and support    
Expenses:    
Costs related to sales 18,893 18,091
Technology    
Expenses:    
Costs related to sales $ 6,012 $ 5,293
v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Non-controlling Interest
Beginning Balance (in shares) at Dec. 31, 2021   81,210,626      
Beginning Balance at Dec. 31, 2021 $ 281,873 $ 812 $ 278,500 $ 622 $ 1,939
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 6,285     6,510 (225)
Distributions and dividends on common stock (4,062)     (4,062)  
Restricted stock grants (in shares)   25,000      
Stock-based compensation 2,652   2,652    
Contributions from non-controlling interest 375       375
Ending Balance (in shares) at Mar. 31, 2022   81,235,626      
Ending Balance at Mar. 31, 2022 $ 287,123 $ 812 281,152 3,070 2,089
Beginning Balance (in shares) at Dec. 31, 2022 80,881,022 80,881,022      
Beginning Balance at Dec. 31, 2022 $ 270,457 $ 809 273,111 (5,000) 1,537
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (17,840)     (17,624) (216)
Distributions and dividends on common stock (4,221)   (4,221)    
Restricted stock grants (in shares)   3,535,000      
Restricted stock grants 0 $ 35 (35)    
Stock-based compensation $ 2,823   2,823    
Ending Balance (in shares) at Mar. 31, 2023 84,416,022 84,416,022      
Ending Balance at Mar. 31, 2023 $ 251,219 $ 844 $ 271,678 $ (22,624) $ 1,321
v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]    
Distributions and dividends on common stock (in dollars per share) $ 0.05 $ 0.05
v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net (loss) income $ (17,840) $ 6,285
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,039 2,079
Non-cash stock-based compensation expense 2,823 2,652
Loss on sale of assets 0 10
Deferred income taxes (5,390) 0
Net losses (gains) on investment securities 454 (752)
Equity in losses (earnings) from equity-method investments 73 (532)
Non-cash lease expense 5,400 4,876
Provision for credit losses 1,428 558
Changes in assets and liabilities:    
Receivables (10,361) 339
Income taxes receivables, net (100) 1,167
Accounts payable and accrued liabilities 13,257 1,246
Operating right-of-use assets and operating lease liabilities, net (5,568) (5,868)
Accrued salary and benefits (14,857) (18,070)
Other (2,933) (770)
Net cash used in operating activities (31,575) (6,780)
Cash flows from investing activities:    
Investments in equity-method investments 0 (100)
Distributions from equity-method investments 0 60
Purchase of debt securities (25) (701)
Purchase of equity securities (275) (25)
Purchase of long-term investments (55) (200)
Capital expenditures (3,627) (849)
Net cash used in investing activities (3,982) (1,815)
Cash flows from financing activities:    
Repayment of debt 0 (3,129)
Dividends on common stock (4,221) (4,062)
Contributions from non-controlling interest 0 375
Earn out payments 0 (18)
Net cash used in financing activities (4,221) (6,834)
Net decrease in cash, cash equivalents and restricted cash (39,778) (15,429)
Cash, cash equivalents and restricted cash, beginning of period 171,382 228,866
Cash, cash equivalents and restricted cash, end of period $ 131,604 $ 213,437
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a)Basis of Presentation:
Douglas Elliman Inc. (“Douglas Elliman” or the “Company”) is engaged in the real estate services and property technology investment business and is seeking to acquire or invest in additional real estate services and property technology, or PropTech, companies. The condensed consolidated financial statements of Douglas Elliman include the accounts of DER Holdings LLC and New Valley Ventures LLC (“New Valley Ventures”), directly and indirectly wholly owned subsidiaries of the Company. DER Holdings LLC owns Douglas Elliman Realty, LLC and Douglas Elliman of California, Inc., which are engaged in the residential real estate brokerage business with their subsidiaries. The operations of New Valley Ventures consist of minority investments in innovative and cutting-edge PropTech companies.
Certain references to “Douglas Elliman Realty” refer to the Company’s residential real estate brokerage business, including the operations of Douglas Elliman Realty, LLC and Douglas Elliman of California Inc., unless otherwise specified.
The unaudited, interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and, in management’s opinion, contain all adjustments, consisting only of normal recurring items, necessary for a fair statement of the results for the periods presented. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. References to U.S. GAAP issued by the Financial Accounting Standards Board (“FASB”) are to the FASB Accounting Standards Codification, also referred to as the “Codification” or “ASC.” These condensed consolidated financial statements should be read in conjunction with the combined consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”). The condensed consolidated results of operations for interim periods should not be regarded as necessarily indicative of the results that may be expected for the entire year.
In presenting the condensed consolidated financial statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates.
(b) Principles of Consolidation:
The condensed consolidated financial statements include the assets, liabilities, revenues, expenses and cash flows of DER Holdings LLC and New Valley Ventures as well as all other entities in which Douglas Elliman has a controlling financial interest. All intercompany balances and transactions have been eliminated in the condensed consolidated financial statements.
When evaluating an entity for consolidation, Douglas Elliman first determines whether an entity is within the scope of the guidance for consolidation of variable interest entities (“VIE”) and if it is deemed to be a VIE. If the entity is considered to be a VIE, Douglas Elliman determines whether it would be considered the entity’s primary beneficiary. Douglas Elliman consolidates those VIEs for which it has determined that it is the primary beneficiary. Douglas Elliman will consolidate an entity that is not deemed a VIE upon a determination that it has a controlling financial interest. For entities where Douglas Elliman does not have a controlling financial interest, the investments in such entities are classified as available-for-sale securities or accounted for using the equity or cost method, as appropriate.
(c) Estimates and Assumptions:
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses. Significant estimates subject to material changes in the near term include impairment charges and valuation of intangible assets. Actual results could differ from those estimates.
(d) (Loss) Earnings Per Share (“EPS”):
The Company has restricted stock awards which will provide cash dividends at the same rate as paid on the common stock with respect to the shares underlying the restricted stock awards. These outstanding restricted stock awards represent participating securities under authoritative guidance. The participating securities holders do not participate in the Company’s net losses. The Company first paid dividends during the three months ended March 31, 2022 and most recently paid a dividend during the three months ended March 31, 2023.
As a result, in its calculation of basic EPS and diluted EPS for the three months ended March 31, 2022, the Company adjusted its net income for the effect of these participating securities. There were no outstanding participating securities during the three months ended March 31, 2023.

Three Months Ended
March 31,
20232022
Net (loss) income attributed to Douglas Elliman Inc.$(17,624)$6,510 
Income attributable to participating securities(307)(275)
Net (loss) income available to common stockholders attributed to Douglas Elliman Inc.$(17,931)$6,235 
Basic EPS is computed by dividing net (loss) income available to common stockholders attributed to Douglas Elliman Inc. by the weighted-average number of shares outstanding, which will include vested restricted stock.
Basic and diluted EPS were calculated using the following shares of common stock for the periods presented below:
Three Months Ended
March 31,
20232022
Weighted-average shares for basic EPS78,279,772 77,666,210 
Incremental shares related to non-vested restricted stock— 54,416 
Weighted-average shares for diluted EPS78,279,772 77,720,626 
(e) Reconciliation of Cash, Cash Equivalents and Restricted Cash:
Restricted cash amounts included in current assets and other assets represent cash and cash equivalents required to be deposited into escrow for amounts required for letters of credit related to office leases, and certain deposit requirements for banking arrangements. The restrictions related to the letters of credit will remain in place for the duration of the respective lease. The restrictions related to the banking arrangements will remain in place for the duration of the arrangement. Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and trade receivables.
The components of “Cash, cash equivalents and restricted cash” in the condensed consolidated statements of cash flows were as follows:
March 31,
2023		December 31,
2022
Cash and cash equivalents$123,662 $163,859 
Restricted cash and cash equivalents included in current assets5,404 4,985 
Restricted cash and cash equivalents included in other assets2,538 2,538 
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows$131,604 $171,382 
(f)  Related Party Transactions:
Agreements with Vector Group Ltd. (“Vector Group”) The Company paid Vector Group $1,050 and $1,050 under the Transition Services Agreement and $562 and $491 under the Aircraft Lease Agreement during the three months ended March 31, 2023 and 2022, respectively.
Real estate commissions. Real estate commissions include commissions of approximately $842 and $900 for the three months ended March 31, 2023 and 2022, respectively, from projects where the Company has been engaged by certain developers as the sole broker or the co-broker for several of the real estate development projects that Vector Group owns an interest in through its real estate venture investments.
(g) Investment and Other (Losses) Income:
Investment and other (losses) income consists of the following:
Three Months Ended
March 31,
20232022
Net (losses) gains recognized on PropTech convertible trading debt securities$(352)$154 
Net (losses) gains recognized on long-term investments at fair value(102)598 
Investment and other (losses) income$(454)$752 
(h) Restructuring:
Employee severance and benefits expensed for the three months ended March 31, 2023 relate entirely to the reduction in staff and are cash charges. All of the amounts expensed for the three months ended March 31, 2023 are included in Restructuring expense in the Company’s condensed consolidated statements of operations. The following table present the changes in the employee severance and benefits liability under the Real Estate Brokerage segment restructuring plan for the three months ended March 31, 2023:
Employee Severance and Benefits
Severance liability balance at January 1, 2023$— 
Severance expense1,210 
Severance payments(223)
Severance liability at March 31, 2023$987 
(i) Other Comprehensive Income:
The Company does not have any activity that results in Other Comprehensive Income; therefore, no statement of Comprehensive Income is included in the condensed consolidated financial statements.
(j)  Subsequent Events:
The Company has evaluated subsequent events through November 9, 2023, the date the financial statements were issued.
(k) New Accounting Pronouncements:
Accounting Standards Updates (“ASUs”) to be adopted in 2023:
In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The ASU requires that an acquirer recognize and measure contract assets and contract liabilities in a business combination in accordance with Topic 606. The ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements.
Accounting Standards Updates (“ASUs”) adopted in 2023:
In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820), Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The ASU clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. The standard also requires certain disclosures for equity securities that are subject to contractual restrictions. The ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements.
SEC Proposed Rule Changes
On March 21, 2022, the SEC proposed rule changes that would require registrants to provide certain climate-related information in their registration statements and annual reports. The proposed rules would require information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks would also include disclosure of a registrant's greenhouse gas emissions, which have become a commonly used metric to assess a registrant's exposure to such risks. In addition, under the proposed rules, certain climate-related financial metrics would be required in a registrant's audited financial statements. The Company is currently evaluating the impact of the proposed rule changes.
v3.23.3
REVENUE RECOGNITION
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Disaggregation of Revenue
In the following tables, revenue is disaggregated by major services line and primary geographical market:
Three Months Ended March 31, 2023
New York CityNortheastSoutheastWestTotal
Revenues:
Commission and other brokerage income - existing home sales$57,798 $33,105 $54,454 $37,899 $183,256 
Commission and other brokerage income - development marketing7,763 619 10,060 338 18,780 
Property management revenue8,580 197 — — 8,777 
Escrow and title fees399 210 — 2,560 3,169 
Total revenue$74,540 $34,131 $64,514 $40,797 $213,982 
Three Months Ended March 31, 2022
New York CityNortheastSoutheastWestTotal
Revenues:
Commission and other brokerage income - existing home sales$92,388 $50,079 $80,824 $51,884 $275,175 
Commission and other brokerage income - development marketing11,369 — 8,216 349 19,934 
Property management revenue9,041 158 — — 9,199 
Escrow and title fees717 271 — 3,604 4,592 
Total revenue$113,515 $50,508 $89,040 $55,837 $308,900 

Contract Balances
The following table provides information about contract assets and contract liabilities from development marketing and commercial leasing contracts with customers:
March 31,
2023		December 31, 2022
Receivables, which are included in receivables$2,721 $3,063 
Contract assets, net, which are included in other current assets4,184 4,453 
Contract assets, net, which are in other assets36,004 38,913 
Payables, which are included in other current liabilities2,044 2,291 
Contract liabilities, which are in current liabilities7,711 8,222 
Contract liabilities, which are in other liabilities52,837 54,706 
The Company recognized revenue of $1,614 for the three months ended March 31, 2023, that were included in the contract liabilities balances at December 31, 2022. The Company recognized revenue of $8,069 for the three months ended March 31, 2022, that were included in the contract liabilities balances at December 31, 2021.
v3.23.3
CURRENT EXPECTED CREDIT LOSSES
 3 Months Ended
Mar. 31, 2023
Credit Loss [Abstract]  
CURRENT EXPECTED CREDIT LOSSES CURRENT EXPECTED CREDIT LOSSES
Real estate broker agent receivables: Douglas Elliman Realty is exposed to credit losses for various amounts due from real estate agents, which are included in Other current assets on the condensed consolidated balance sheets, net of an allowance for credit losses. The Company estimates its allowance for credit losses on receivables from agents based on an evaluation of aging, agent sales in pipeline, any security, specific exposures, historical experience of collections from the individual agents, and current and expected future market trends. The Company estimated that the credit losses for these receivables were $11,850 and $10,916 at March 31, 2023 and December 31, 2022, respectively.
The following table summarizes changes in the allowance for credit losses for the three months ended March 31, 2023:
January 1,
2023		Current Period ProvisionWrite-offsRecoveriesMarch 31,
2023
Allowance for credit losses:
Real estate broker agent receivables$10,916 $1,428 (1)$494 $— $11,850 
_____________________________
(1) The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s condensed consolidated statements of operations.
The following table summarizes changes in the allowance for credit losses for the three months ended March 31, 2022:
January 1,
2022		Current Period ProvisionWrite-offsRecoveriesMarch 31,
2022
Allowance for credit losses:
Real estate broker agent receivables$8,607 $558 (1)$332 $— $8,833 
_____________________________
(1) The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s condensed consolidated statements of operations.
v3.23.3
LEASES
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
LEASES LEASES
Leases
The Company has operating leases for corporate and sales offices and equipment. The components of lease expense were as follows:
Three Months Ended
March 31,
20232022
Operating lease cost$8,325 $8,169 
Short-term lease cost278 257 
Variable lease cost1,078 985 
Less: Sublease income(153)(121)
Total lease cost$9,528 $9,290 
Supplemental cash flow information related to leases was as follows:
Three Months Ended
March 31,
20232022
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases$8,524 $9,196 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases732 6,984 
Supplemental balance sheet information related to leases was as follows:
March 31,December 31,
20232022
Weighted average remaining lease term:
Operating leases6.907.03
Weighted average discount rate:
Operating leases8.75 %8.73 %
As of March 31, 2023, maturities of lease liabilities were as follows:
Operating Leases
Period Ending December 31: 
Remainder of 2023$25,989 
202429,863 
202525,096 
202622,733 
202719,912 
202818,129 
Thereafter46,053 
Total lease payments187,775 
 Less imputed interest(49,775)
Total$138,000 
As of March 31, 2023, the Company had $217 in undiscounted lease payments relating to an operating lease for office space that has not yet commenced. The operating lease has a lease term of five years and is expected to commence during the third quarter of 2023.
v3.23.3
LONG-TERM INVESTMENTS
 3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
LONG-TERM INVESTMENTS LONG-TERM INVESTMENTS
Long-term investments consisted of the following:
March 31,
2023		December 31, 2022
PropTech convertible trading debt securities$2,630 $2,957 
Long-term investment securities at fair value (1)
2,715 3,262 
PropTech investments at cost8,863 8,588 
PropTech investments at equity method497 — 
Total investments14,705 14,807 
Less PropTech current convertible trading debt securities (2)
1,539 1,875 
Less PropTech investments accounted for under the equity method497 — 
Total long-term investments$12,669 $12,932 
_____________________________
(1) These assets are measured at net asset value (“NAV”) as a practical expedient under ASC 820.
(2)    These amounts are included in Other current assets on the condensed consolidated balance sheets.
Net realized and unrealized losses and gains recognized on long-term investment securities were as follows:
Three Months Ended
March 31,
20232022
Net realized (losses) gains recognized on PropTech convertible trading debt securities$(352)$154 
Net unrealized (losses) gains recognized on long-term investments at fair value(102)598 
Net realized and unrealized (losses) gains recognized on long-term investment securities$(454)$752 
(a) PropTech Convertible Trading Debt Securities:
These securities are classified as trading debt securities and are accounted for at fair value. The maturities of all convertible notes range from June 2023 to February 2025.
(b) Long-Term Investment Securities at Fair Value:
The following is a summary of unrealized (losses) gains recognized in net income on long-term investment securities at fair value during the three months ended March 31, 2023 and 2022, respectively:
Three Months Ended
March 31,
20232022
Net unrealized (losses) gains recognized on long-term investment securities$(102)$598 
The Company has unfunded commitments of $1,030 related to long-term investment securities at fair value as of March 31, 2023.
(c) Equity Securities Without Readily Determinable Fair Values That Do Not Qualify for the NAV Practical Expedient
Equity securities without readily determinable fair values that do not qualify for the NAV practical expedient consisted of investments in various limited liability companies at March 31, 2023. During the three months ended March 31, 2023, New Valley Ventures invested $250 into one additional PropTech venture. The investment is classified as an equity security without a readily determinable fair value. The total carrying value of these investments was $8,863 as of March 31, 2023. No impairment or other adjustments related to observable price changes in orderly transactions for identical or similar investments were identified for the three months ended March 31, 2023.
v3.23.3
EQUITY METHOD INVESTMENTS
 3 Months Ended
Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
EQUITY METHOD INVESTMENTS EQUITY METHOD INVESTMENTS
Equity method investments consisted of the following:
March 31, 2023December 31, 2022
Ancillary services ventures$2,055 $1,629 
At March 31, 2023, the Company’s ownership percentages in these investments ranged from 17.0% to 50.0%; therefore, the Company accounts for these investments under the equity method of accounting.

VIE Consideration:
The Company has determined that the Company is not the primary beneficiary of any of its equity method investments because it does not control the activities that most significantly impact the economic performance of each investment. The Company determined that the entities were VIEs but the Company was not the primary beneficiary. Therefore, the Company’s equity method investments have been accounted for under the equity method of accounting.

Maximum Exposure to Loss:
The Company’s maximum exposure to loss from its equity method investments consists of the net carrying value of the investments adjusted for any future capital commitments and/or guarantee arrangements. The maximum exposure to loss was $2,055 as of March 31, 2023.
v3.23.3
CONTINGENCIES
 3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
CONTINGENCIES CONTINGENCIES The Company is involved in litigation through the normal course of business. The majority of claims are covered by the Company’s insurance policies in excess of any applicable retention. Some claims may not be covered by the Company’s insurance policies. The Company believes that the resolution of these matters will not have a material adverse effect on the financial position, results of operations or cash flows of the Company.
v3.23.3
INCOME TAXES
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company’s income tax (benefit) expense consisted of the following:
Three Months Ended
March 31,
20232022
(Loss) income before provision for income taxes$(23,230)$9,202 
Income tax (benefit) expense using estimated annual effective income tax rate(5,390)2,917 
Income tax (benefit) expense$(5,390)$2,917 
v3.23.3
INVESTMENTS AND FAIR VALUE MEASUREMENTS
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
INVESTMENTS AND FAIR VALUE MEASUREMENTS INVESTMENTS AND FAIR VALUE MEASUREMENTS
The Company’s financial assets and liabilities subject to fair value measurements were as follows:
Fair Value Measurements as of March 31, 2023
DescriptionTotalQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)

Significant Unobservable Inputs
(Level 3)
Assets:
Money market funds (1)
$105,647 $105,647 $— $— 
Certificates of deposit (2)
507 — 507 — 
PropTech convertible trading debt securities1,539 — — 1,539 
Long-term investments
PropTech convertible trading debt securities1,091 — — 1,091 
Long-term investment securities at fair value (3)
2,715 — — — 
Total long-term investments3,806 — — 1,091 
    Total assets$111,499 $105,647 $507 $2,630 
_____________________________
(1)Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $5,404 that is included in current restricted cash and cash equivalents and $2,538 that is included in non-current restricted assets.
(2)Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheets.
(3)In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy.
Fair Value Measurements as of December 31, 2022
DescriptionTotalQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)

Significant Unobservable Inputs
(Level 3)
Assets:
Money market funds (1)
$153,941 $153,941 $— $— 
Certificates of deposit (2)
569 — 569 — 
PropTech convertible trading debt securities1,875 — — 1,875 
Long-term investments
PropTech convertible trading debt securities1,082 — — 1,082 
Long-term investment securities at fair value (3)
3,262 — — — 
Total long-term investments4,344 — — 1,082 
Total assets$160,729 $153,941 $569 $2,957 
_____________________________
(1)Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $4,985 that is included in current restricted assets and $2,538 that is included in non-current restricted assets.
(2)Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheets.
(3)In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy.
The fair value of the Level 2 certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is the rate offered by the financial institution.
The fair values of the Level 3 PropTech convertible trading debt securities were derived using a discounted cash flow model utilizing a probability-weighted expected return method based on the probabilities of different potential outcomes for the convertible trading debt securities.
The long-term investments are based on NAV per share provided by the partnerships based on the indicated market value of the underlying assets or investment portfolio. In accordance with Subtopic 820-10, these investments are not classified under the fair value hierarchy disclosed above because they are measured at fair value using the NAV practical expedient.
The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at March 31, 2023:
Quantitative Information about Level 3 Fair Value Measurements
Fair Value at
March 31,
2023		Valuation TechniqueUnobservable InputRange (Actual)
PropTech convertible trading debt securities$2,630 Discounted cash flowInterest rate
4% and 8%
Maturity
June 2023 - Feb 2025
Volatility
56.9% - 101.9%
Discount rate
33.62% - 190.38%
The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2022:
Quantitative Information about Level 3 Fair Value Measurements
Fair Value at
December 31,
2022		Valuation TechniqueUnobservable InputRange (Actual)
PropTech convertible trading debt securities$2,957 Discounted cash flowInterest rate
4% and 8%
Maturity
Mar 2023 -Feb 2025
Volatility
60.7% - 103.3%
Discount rate
29.39% - 186.15%
In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company is required to record assets and liabilities at fair value on a nonrecurring basis. Generally, assets and liabilities are recorded at fair value on a nonrecurring basis as a result of impairment charges. The Company had no nonrecurring nonfinancial assets subject to fair value measurements as of March 31, 2023 and December 31, 2022, respectively.
v3.23.3
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company’s business segments were Real Estate Brokerage and Corporate and Other. The accounting policies of the segments are the same as those described in the summary of significant accounting policies.
Financial information for the Company’s operations before taxes and non-controlling interests for the three months ended March 31, 2023 and 2022 were as follows:
Real Estate BrokerageCorporate and OtherTotal
Three months ended March 31, 2023
Revenues$213,982 $— $213,982 
Operating loss(17,343)
(1)
(6,465)(23,808)
Adjusted EBITDA attributed to Douglas Elliman (2)
(12,984)(4,661)(17,645)
Depreciation and amortization2,039 — 2,039 
Capital expenditures3,627 — 3,627 
Three months ended March 31, 2022
Revenues$308,900 $— $308,900 
Operating income (loss)14,541 (6,662)7,879 
Adjusted EBITDA attributed to Douglas Elliman (2)
17,662 (4,935)12,727 
Depreciation and amortization2,079 — 2,079 
Capital expenditures849 — 849 
_____________________________
(1)Operating loss includes $1,210 of restructuring expense.
(2)The following table reconciles operating income to Adjusted EBITDA attributed to Douglas Elliman for the three months ended March 31, 2023 and 2022.


Three Months Ended March 31,
20232022
Real estate brokerage segment
Operating (loss) income$(17,343)$14,541 
Depreciation and amortization2,039 2,079 
Stock-based compensation 1,019 925 
Restructuring1,210 — 
Adjusted EBITDA(13,075)17,545 
Adjusted EBITDA attributed to non-controlling interest91 117 
Adjusted EBITDA attributed to Douglas Elliman$(12,984)$17,662 
Corporate and other segment
Operating loss$(6,465)$(6,662)
Stock-based compensation1,804 1,727 
Adjusted EBITDA attributed to Douglas Elliman$(4,661)$(4,935)
v3.23.3
ESCROW FUNDS IN HOLDING
 3 Months Ended
Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
ESCROW FUNDS IN HOLDING ESCROW FUNDS IN HOLDINGAs a service to its customers, Portfolio Escrow Inc., a subsidiary of the Company, administers escrow and trust deposits which represent undisbursed amounts received for the settlement of real estate transactions. Deposits at FDIC-insured institutions are insured up to $250. Portfolio Escrow Inc. had escrow funds on deposit in the amount of $27,505 and $33,533 as of March 31, 2023 and December 31, 2022, respectively, and corresponding escrow funds in holding of the same amount. While these deposits are not assets of the Company (and, therefore, are excluded from the accompanying Condensed Consolidated Balance Sheets), the subsidiary of the Company remains contingently liable for the disposition of these deposits.
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Basis of Presentation Basis of Presentation:
Douglas Elliman Inc. (“Douglas Elliman” or the “Company”) is engaged in the real estate services and property technology investment business and is seeking to acquire or invest in additional real estate services and property technology, or PropTech, companies. The condensed consolidated financial statements of Douglas Elliman include the accounts of DER Holdings LLC and New Valley Ventures LLC (“New Valley Ventures”), directly and indirectly wholly owned subsidiaries of the Company. DER Holdings LLC owns Douglas Elliman Realty, LLC and Douglas Elliman of California, Inc., which are engaged in the residential real estate brokerage business with their subsidiaries. The operations of New Valley Ventures consist of minority investments in innovative and cutting-edge PropTech companies.
Certain references to “Douglas Elliman Realty” refer to the Company’s residential real estate brokerage business, including the operations of Douglas Elliman Realty, LLC and Douglas Elliman of California Inc., unless otherwise specified.
The unaudited, interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and, in management’s opinion, contain all adjustments, consisting only of normal recurring items, necessary for a fair statement of the results for the periods presented. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. References to U.S. GAAP issued by the Financial Accounting Standards Board (“FASB”) are to the FASB Accounting Standards Codification, also referred to as the “Codification” or “ASC.” These condensed consolidated financial statements should be read in conjunction with the combined consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”). The condensed consolidated results of operations for interim periods should not be regarded as necessarily indicative of the results that may be expected for the entire year.
In presenting the condensed consolidated financial statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates.
(b) Principles of Consolidation:
The condensed consolidated financial statements include the assets, liabilities, revenues, expenses and cash flows of DER Holdings LLC and New Valley Ventures as well as all other entities in which Douglas Elliman has a controlling financial interest. All intercompany balances and transactions have been eliminated in the condensed consolidated financial statements.
When evaluating an entity for consolidation, Douglas Elliman first determines whether an entity is within the scope of the guidance for consolidation of variable interest entities (“VIE”) and if it is deemed to be a VIE. If the entity is considered to be a VIE, Douglas Elliman determines whether it would be considered the entity’s primary beneficiary. Douglas Elliman consolidates those VIEs for which it has determined that it is the primary beneficiary. Douglas Elliman will consolidate an entity that is not deemed a VIE upon a determination that it has a controlling financial interest. For entities where Douglas Elliman does not have a controlling financial interest, the investments in such entities are classified as available-for-sale securities or accounted for using the equity or cost method, as appropriate.
Estimates and Assumptions Estimates and Assumptions: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) Earnings Per Share (“EPS”) (Loss) Earnings Per Share (“EPS”):The Company has restricted stock awards which will provide cash dividends at the same rate as paid on the common stock with respect to the shares underlying the restricted stock awards. These outstanding restricted stock awards represent participating securities under authoritative guidance. The participating securities holders do not participate in the Company’s net losses.
Reconciliation of Cash, Cash Equivalents and Restricted Cash Reconciliation of Cash, Cash Equivalents and Restricted Cash:Restricted cash amounts included in current assets and other assets represent cash and cash equivalents required to be deposited into escrow for amounts required for letters of credit related to office leases, and certain deposit requirements for banking arrangements. The restrictions related to the letters of credit will remain in place for the duration of the respective lease. The restrictions related to the banking arrangements will remain in place for the duration of the arrangement. Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and trade receivables.
Restructuring Restructuring:Employee severance and benefits expensed for the three months ended March 31, 2023 relate entirely to the reduction in staff and are cash charges. All of the amounts expensed for the three months ended March 31, 2023 are included in Restructuring expense in the Company’s condensed consolidated statements of operations.
Other Comprehensive Income Other Comprehensive Income:The Company does not have any activity that results in Other Comprehensive Income; therefore, no statement of Comprehensive Income is included in the condensed consolidated financial statements.
Subsequent Events Subsequent Events:The Company has evaluated subsequent events through November 9, 2023, the date the financial statements were issued.
New Accounting Pronouncements New Accounting Pronouncements:
Accounting Standards Updates (“ASUs”) to be adopted in 2023:
In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The ASU requires that an acquirer recognize and measure contract assets and contract liabilities in a business combination in accordance with Topic 606. The ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements.
Accounting Standards Updates (“ASUs”) adopted in 2023:
In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820), Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The ASU clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. The standard also requires certain disclosures for equity securities that are subject to contractual restrictions. The ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Adoption of this update did not have a material impact on the Company’s condensed consolidated financial statements.
SEC Proposed Rule Changes
On March 21, 2022, the SEC proposed rule changes that would require registrants to provide certain climate-related information in their registration statements and annual reports. The proposed rules would require information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks would also include disclosure of a registrant's greenhouse gas emissions, which have become a commonly used metric to assess a registrant's exposure to such risks. In addition, under the proposed rules, certain climate-related financial metrics would be required in a registrant's audited financial statements. The Company is currently evaluating the impact of the proposed rule changes.
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Schedule of Net Income for Purposes of Determining Basic and Diluted EPS
As a result, in its calculation of basic EPS and diluted EPS for the three months ended March 31, 2022, the Company adjusted its net income for the effect of these participating securities. There were no outstanding participating securities during the three months ended March 31, 2023.

Three Months Ended
March 31,
20232022
Net (loss) income attributed to Douglas Elliman Inc.$(17,624)$6,510 
Income attributable to participating securities(307)(275)
Net (loss) income available to common stockholders attributed to Douglas Elliman Inc.$(17,931)$6,235 
Schedule of Basic and Diluted EPS Calculation Shares
Basic and diluted EPS were calculated using the following shares of common stock for the periods presented below:
Three Months Ended
March 31,
20232022
Weighted-average shares for basic EPS78,279,772 77,666,210 
Incremental shares related to non-vested restricted stock— 54,416 
Weighted-average shares for diluted EPS78,279,772 77,720,626 
Schedule of Components of Cash, Cash Equivalents and Restricted Cash
The components of “Cash, cash equivalents and restricted cash” in the condensed consolidated statements of cash flows were as follows:
March 31,
2023		December 31,
2022
Cash and cash equivalents$123,662 $163,859 
Restricted cash and cash equivalents included in current assets5,404 4,985 
Restricted cash and cash equivalents included in other assets2,538 2,538 
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows$131,604 $171,382 
Schedule of Investments and Other (Losses) Income
Investment and other (losses) income consists of the following:
Three Months Ended
March 31,
20232022
Net (losses) gains recognized on PropTech convertible trading debt securities$(352)$154 
Net (losses) gains recognized on long-term investments at fair value(102)598 
Investment and other (losses) income$(454)$752 
Schedule of Restructuring and Related Costs The following table present the changes in the employee severance and benefits liability under the Real Estate Brokerage segment restructuring plan for the three months ended March 31, 2023:
Employee Severance and Benefits
Severance liability balance at January 1, 2023$— 
Severance expense1,210 
Severance payments(223)
Severance liability at March 31, 2023$987 
v3.23.3
REVENUE RECOGNITION (Tables)
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
In the following tables, revenue is disaggregated by major services line and primary geographical market:
Three Months Ended March 31, 2023
New York CityNortheastSoutheastWestTotal
Revenues:
Commission and other brokerage income - existing home sales$57,798 $33,105 $54,454 $37,899 $183,256 
Commission and other brokerage income - development marketing7,763 619 10,060 338 18,780 
Property management revenue8,580 197 — — 8,777 
Escrow and title fees399 210 — 2,560 3,169 
Total revenue$74,540 $34,131 $64,514 $40,797 $213,982 
Three Months Ended March 31, 2022
New York CityNortheastSoutheastWestTotal
Revenues:
Commission and other brokerage income - existing home sales$92,388 $50,079 $80,824 $51,884 $275,175 
Commission and other brokerage income - development marketing11,369 — 8,216 349 19,934 
Property management revenue9,041 158 — — 9,199 
Escrow and title fees717 271 — 3,604 4,592 
Total revenue$113,515 $50,508 $89,040 $55,837 $308,900 
Schedule of Contract Balances
The following table provides information about contract assets and contract liabilities from development marketing and commercial leasing contracts with customers:
March 31,
2023		December 31, 2022
Receivables, which are included in receivables$2,721 $3,063 
Contract assets, net, which are included in other current assets4,184 4,453 
Contract assets, net, which are in other assets36,004 38,913 
Payables, which are included in other current liabilities2,044 2,291 
Contract liabilities, which are in current liabilities7,711 8,222 
Contract liabilities, which are in other liabilities52,837 54,706 
v3.23.3
CURRENT EXPECTED CREDIT LOSSES (Tables)
 3 Months Ended
Mar. 31, 2023
Credit Loss [Abstract]  
Schedule of Rollforward of Allowance for Credit Losses
The following table summarizes changes in the allowance for credit losses for the three months ended March 31, 2023:
January 1,
2023		Current Period ProvisionWrite-offsRecoveriesMarch 31,
2023
Allowance for credit losses:
Real estate broker agent receivables$10,916 $1,428 (1)$494 $— $11,850 
_____________________________
(1) The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s condensed consolidated statements of operations.
The following table summarizes changes in the allowance for credit losses for the three months ended March 31, 2022:
January 1,
2022		Current Period ProvisionWrite-offsRecoveriesMarch 31,
2022
Allowance for credit losses:
Real estate broker agent receivables$8,607 $558 (1)$332 $— $8,833 
_____________________________
(1) The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s condensed consolidated statements of operations.
v3.23.3
LEASES (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Lease Expense and Supplemental Cash Flow Information The components of lease expense were as follows:
Three Months Ended
March 31,
20232022
Operating lease cost$8,325 $8,169 
Short-term lease cost278 257 
Variable lease cost1,078 985 
Less: Sublease income(153)(121)
Total lease cost$9,528 $9,290 
Supplemental cash flow information related to leases was as follows:
Three Months Ended
March 31,
20232022
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases$8,524 $9,196 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases732 6,984 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows:
March 31,December 31,
20232022
Weighted average remaining lease term:
Operating leases6.907.03
Weighted average discount rate:
Operating leases8.75 %8.73 %
Schedule of Maturities of Operating Lease Liabilities As of March 31, 2023, maturities of lease liabilities were as follows:
Operating Leases
Period Ending December 31: 
Remainder of 2023$25,989 
202429,863 
202525,096 
202622,733 
202719,912 
202818,129 
Thereafter46,053 
Total lease payments187,775 
 Less imputed interest(49,775)
Total$138,000 
v3.23.3
LONG-TERM INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Long-term Investment Securities
Long-term investments consisted of the following:
March 31,
2023		December 31, 2022
PropTech convertible trading debt securities$2,630 $2,957 
Long-term investment securities at fair value (1)
2,715 3,262 
PropTech investments at cost8,863 8,588 
PropTech investments at equity method497 — 
Total investments14,705 14,807 
Less PropTech current convertible trading debt securities (2)
1,539 1,875 
Less PropTech investments accounted for under the equity method497 — 
Total long-term investments$12,669 $12,932 
_____________________________
(1) These assets are measured at net asset value (“NAV”) as a practical expedient under ASC 820.
(2)    These amounts are included in Other current assets on the condensed consolidated balance sheets.
Net realized and unrealized losses and gains recognized on long-term investment securities were as follows:
Three Months Ended
March 31,
20232022
Net realized (losses) gains recognized on PropTech convertible trading debt securities$(352)$154 
Net unrealized (losses) gains recognized on long-term investments at fair value(102)598 
Net realized and unrealized (losses) gains recognized on long-term investment securities$(454)$752 
Schedule of Unrealized and Realized (Losses) Gains
The following is a summary of unrealized (losses) gains recognized in net income on long-term investment securities at fair value during the three months ended March 31, 2023 and 2022, respectively:
Three Months Ended
March 31,
20232022
Net unrealized (losses) gains recognized on long-term investment securities$(102)$598 
v3.23.3
EQUITY METHOD INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
Equity method investments consisted of the following:
March 31, 2023December 31, 2022
Ancillary services ventures$2,055 $1,629 
v3.23.3
INCOME TAXES (Tables)
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income Tax (Benefit) Expense
The Company’s income tax (benefit) expense consisted of the following:
Three Months Ended
March 31,
20232022
(Loss) income before provision for income taxes$(23,230)$9,202 
Income tax (benefit) expense using estimated annual effective income tax rate(5,390)2,917 
Income tax (benefit) expense$(5,390)$2,917 
v3.23.3
INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements
The Company’s financial assets and liabilities subject to fair value measurements were as follows:
Fair Value Measurements as of March 31, 2023
DescriptionTotalQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)

Significant Unobservable Inputs
(Level 3)
Assets:
Money market funds (1)
$105,647 $105,647 $— $— 
Certificates of deposit (2)
507 — 507 — 
PropTech convertible trading debt securities1,539 — — 1,539 
Long-term investments
PropTech convertible trading debt securities1,091 — — 1,091 
Long-term investment securities at fair value (3)
2,715 — — — 
Total long-term investments3,806 — — 1,091 
    Total assets$111,499 $105,647 $507 $2,630 
_____________________________
(1)Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $5,404 that is included in current restricted cash and cash equivalents and $2,538 that is included in non-current restricted assets.
(2)Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheets.
(3)In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy.
Fair Value Measurements as of December 31, 2022
DescriptionTotalQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)

Significant Unobservable Inputs
(Level 3)
Assets:
Money market funds (1)
$153,941 $153,941 $— $— 
Certificates of deposit (2)
569 — 569 — 
PropTech convertible trading debt securities1,875 — — 1,875 
Long-term investments
PropTech convertible trading debt securities1,082 — — 1,082 
Long-term investment securities at fair value (3)
3,262 — — — 
Total long-term investments4,344 — — 1,082 
Total assets$160,729 $153,941 $569 $2,957 
_____________________________
(1)Amounts included in Cash and cash equivalents on the condensed consolidated balance sheets, except for $4,985 that is included in current restricted assets and $2,538 that is included in non-current restricted assets.
(2)Amounts included in current restricted assets and non-current restricted assets on the condensed consolidated balance sheets.
(3)In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy.
Schedule of Unobservable Inputs Related to the Valuations of the Level 3 Liabilities
The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at March 31, 2023:
Quantitative Information about Level 3 Fair Value Measurements
Fair Value at
March 31,
2023		Valuation TechniqueUnobservable InputRange (Actual)
PropTech convertible trading debt securities$2,630 Discounted cash flowInterest rate
4% and 8%
Maturity
June 2023 - Feb 2025
Volatility
56.9% - 101.9%
Discount rate
33.62% - 190.38%
The unobservable inputs related to the valuations of the Level 3 assets and liabilities were as follows at December 31, 2022:
Quantitative Information about Level 3 Fair Value Measurements
Fair Value at
December 31,
2022		Valuation TechniqueUnobservable InputRange (Actual)
PropTech convertible trading debt securities$2,957 Discounted cash flowInterest rate
4% and 8%
Maturity
Mar 2023 -Feb 2025
Volatility
60.7% - 103.3%
Discount rate
29.39% - 186.15%
v3.23.3
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Financial Information for the Company's Operations Before Taxes
Financial information for the Company’s operations before taxes and non-controlling interests for the three months ended March 31, 2023 and 2022 were as follows:
Real Estate BrokerageCorporate and OtherTotal
Three months ended March 31, 2023
Revenues$213,982 $— $213,982 
Operating loss(17,343)
(1)
(6,465)(23,808)
Adjusted EBITDA attributed to Douglas Elliman (2)
(12,984)(4,661)(17,645)
Depreciation and amortization2,039 — 2,039 
Capital expenditures3,627 — 3,627 
Three months ended March 31, 2022
Revenues$308,900 $— $308,900 
Operating income (loss)14,541 (6,662)7,879 
Adjusted EBITDA attributed to Douglas Elliman (2)
17,662 (4,935)12,727 
Depreciation and amortization2,079 — 2,079 
Capital expenditures849 — 849 
_____________________________
(1)Operating loss includes $1,210 of restructuring expense.
(2)The following table reconciles operating income to Adjusted EBITDA attributed to Douglas Elliman for the three months ended March 31, 2023 and 2022.


Three Months Ended March 31,
20232022
Real estate brokerage segment
Operating (loss) income$(17,343)$14,541 
Depreciation and amortization2,039 2,079 
Stock-based compensation 1,019 925 
Restructuring1,210 — 
Adjusted EBITDA(13,075)17,545 
Adjusted EBITDA attributed to non-controlling interest91 117 
Adjusted EBITDA attributed to Douglas Elliman$(12,984)$17,662 
Corporate and other segment
Operating loss$(6,465)$(6,662)
Stock-based compensation1,804 1,727 
Adjusted EBITDA attributed to Douglas Elliman$(4,661)$(4,935)
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Net Income for Purposes of Determining Basic and Diluted EPS (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Accounting Policies [Abstract]    
Net (loss) income attributed to Douglas Elliman Inc. $ (17,624) $ 6,510
Income attributable to participating securities, basic (307) (275)
Income attributable to participating securities, diluted (307) (275)
Net (loss) income available to common stockholders attributed to Douglas Elliman Inc. - basic (17,931) 6,235
Net (loss) income available to common stockholders attributed to Douglas Elliman Inc. - diluted $ (17,931) $ 6,235
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Basic and Diluted Earnings Per Share (in shares) (Details) - shares
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Accounting Policies [Abstract]    
Weighted-average shares for basic EPS (in shares) 78,279,772 77,666,210
Incremental shares related to non-vested restricted stock (in shares) 0 54,416
Weighted-average shares for diluted EPS (in shares) 78,279,772 77,720,626
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
Accounting Policies [Abstract]        
Cash and cash equivalents $ 123,662 $ 163,859    
Restricted cash and cash equivalents included in current assets 5,404 4,985    
Restricted cash and cash equivalents included in other assets 2,538 2,538    
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 131,604 $ 171,382 $ 213,437 $ 228,866
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Related Party Real Estate Commissions (Details) - Vector Group Ltd. - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Transition Services Agreement    
Summary of Significant Accounting Policies [Line Items]    
Related party transaction, amounts of transaction $ 1,050 $ 1,050
Aviation Agreements    
Summary of Significant Accounting Policies [Line Items]    
Related party transaction, amounts of transaction 562 491
Sole Broker Or Co-broker    
Summary of Significant Accounting Policies [Line Items]    
Real estate commissions $ 842 $ 900
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investments and Other (Losses) Income (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Accounting Policies [Abstract]    
Net (losses) gains recognized on PropTech convertible trading debt securities $ (352) $ 154
Net (losses) gains recognized on long-term investments at fair value (102) 598
Investment and other (losses) income $ (454) $ 752
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Real Estate Segment Restructuring Plan (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Restructuring Reserve [Roll Forward]    
Restructuring $ 1,210 $ 0
Real Estate Brokerage | Severance    
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Beginning Balance 0  
Restructuring 1,210  
Payments for Restructuring (223)  
Restructuring Reserve, Ending Balance $ 987  
v3.23.3
REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Disaggregation of Revenue [Line Items]    
Total revenues $ 213,982 $ 308,900
New York City    
Disaggregation of Revenue [Line Items]    
Total revenues 74,540 113,515
Northeast    
Disaggregation of Revenue [Line Items]    
Total revenues 34,131 50,508
Southeast    
Disaggregation of Revenue [Line Items]    
Total revenues 64,514 89,040
West    
Disaggregation of Revenue [Line Items]    
Total revenues 40,797 55,837
Commission and other brokerage income - existing home sales    
Disaggregation of Revenue [Line Items]    
Total revenues 183,256 275,175
Commission and other brokerage income - existing home sales | New York City    
Disaggregation of Revenue [Line Items]    
Total revenues 57,798 92,388
Commission and other brokerage income - existing home sales | Northeast    
Disaggregation of Revenue [Line Items]    
Total revenues 33,105 50,079
Commission and other brokerage income - existing home sales | Southeast    
Disaggregation of Revenue [Line Items]    
Total revenues 54,454 80,824
Commission and other brokerage income - existing home sales | West    
Disaggregation of Revenue [Line Items]    
Total revenues 37,899 51,884
Commission and other brokerage income - development marketing    
Disaggregation of Revenue [Line Items]    
Total revenues 18,780 19,934
Commission and other brokerage income - development marketing | New York City    
Disaggregation of Revenue [Line Items]    
Total revenues 7,763 11,369
Commission and other brokerage income - development marketing | Northeast    
Disaggregation of Revenue [Line Items]    
Total revenues 619 0
Commission and other brokerage income - development marketing | Southeast    
Disaggregation of Revenue [Line Items]    
Total revenues 10,060 8,216
Commission and other brokerage income - development marketing | West    
Disaggregation of Revenue [Line Items]    
Total revenues 338 349
Property management revenue    
Disaggregation of Revenue [Line Items]    
Total revenues 8,777 9,199
Property management revenue | New York City    
Disaggregation of Revenue [Line Items]    
Total revenues 8,580 9,041
Property management revenue | Northeast    
Disaggregation of Revenue [Line Items]    
Total revenues 197 158
Property management revenue | Southeast    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Property management revenue | West    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Escrow and title fees    
Disaggregation of Revenue [Line Items]    
Total revenues 3,169 4,592
Escrow and title fees | New York City    
Disaggregation of Revenue [Line Items]    
Total revenues 399 717
Escrow and title fees | Northeast    
Disaggregation of Revenue [Line Items]    
Total revenues 210 271
Escrow and title fees | Southeast    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Escrow and title fees | West    
Disaggregation of Revenue [Line Items]    
Total revenues $ 2,560 $ 3,604
v3.23.3
REVENUE RECOGNITION - Contract Balances (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Contract assets, net, which are in other assets $ 36,004 $ 38,913
Contract liabilities 7,711 8,222
Contract liabilities, which are in other liabilities 52,837 54,706
Accounts receivable - trade, net    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Current assets 2,721 3,063
Other current assets    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Current assets 4,184 4,453
Other assets    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Contract assets, net, which are in other assets 36,004 38,913
Other current liabilities    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Contract liabilities 2,044 2,291
Current liabilities    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Contract liabilities 7,711 8,222
Other liabilities    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Contract liabilities, which are in other liabilities $ 52,837 $ 54,706
v3.23.3
REVENUE RECOGNITION - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]    
Revenue recognized on contract liabilities $ 1,614 $ 8,069
v3.23.3
CURRENT EXPECTED CREDIT LOSSES - Narrative (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
Real estate broker agent receivables        
Financing Receivable, Allowance for Credit Loss [Line Items]        
Estimated credit losses $ 11,850 $ 10,916 $ 8,833 $ 8,607
v3.23.3
CURRENT EXPECTED CREDIT LOSSES - Rollforward (Details) - Real estate broker agent receivables - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance $ 10,916 $ 8,607
Current Period Provision 1,428 558
Write-offs 494 332
Recoveries 0 0
Ending balance $ 11,850 $ 8,833
v3.23.3
LEASES - Lease Expense and Cash Outflows from Operating Leases (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Leases [Abstract]    
Operating lease cost $ 8,325 $ 8,169
Short-term lease cost 278 257
Variable lease cost 1,078 985
Less: Sublease income (153) (121)
Total lease cost 9,528 9,290
Cash paid for amounts included in measurement of lease liabilities:    
Operating cash flows from operating leases 8,524 9,196
Right-of-use assets obtained in exchange for lease obligations:    
Operating leases $ 732 $ 6,984
v3.23.3
LEASES - Supplemental Balance Sheet Information (Details)
Mar. 31, 2023
Dec. 31, 2022
Weighted average remaining lease term:    
Operating leases 6 years 10 months 24 days 7 years 10 days
Weighted average discount rate:    
Operating leases 8.75% 8.73%
v3.23.3
LEASES - Maturities of Operating Lease Liabilities (Details)
$ in Thousands
Mar. 31, 2023
USD ($)
Operating Leases  
Remainder of 2023 $ 25,989
2024 29,863
2025 25,096
2026 22,733
2027 19,912
2028 18,129
Thereafter 46,053
Total lease payments 187,775
Less imputed interest (49,775)
Total $ 138,000
v3.23.3
LEASES - Narrative (Details)
$ in Thousands
Mar. 31, 2023
USD ($)
Leases [Abstract]  
Lease not yet commenced $ 217
Operating lease term 5 years
v3.23.3
LONG-TERM INVESTMENTS - Components of Investment Securities (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]    
PropTech convertible trading debt securities $ 2,630 $ 2,957
Long-term investment securities at fair value 2,715 3,262
PropTech investments at cost 8,863 8,588
PropTech investments at equity method 497 0
Total investments 14,705 14,807
Less PropTech current convertible trading debt securities 1,539 1,875
Less PropTech investments accounted for under the equity method 497 0
Total long-term investments $ 12,669 $ 12,932
v3.23.3
LONG-TERM INVESTMENTS - Summary of Unrealized and Realized Net Gains (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]    
Net realized (losses) gains recognized on PropTech convertible trading debt securities $ (352) $ 154
Net unrealized (losses) gains recognized on long-term investments at fair value (102) 598
Net realized and unrealized (losses) gains recognized on long-term investment securities $ (454) $ 752
v3.23.3
LONG-TERM INVESTMENTS - Narrative (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
USD ($)
venture
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
Debt Securities, Available-for-sale [Line Items]      
Unfunded commitments $ 1,030    
Purchase of equity securities 275 $ 25  
PropTech investments at cost 8,863   $ 8,588
PropTech | Affiliated Entity | New Valley Ventures      
Debt Securities, Available-for-sale [Line Items]      
Purchase of equity securities $ 250    
Number of investees | venture 1    
v3.23.3
LONG-TERM INVESTMENTS - Gross Realized Gains and Losses on Investment Securities (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]    
Net unrealized (losses) gains recognized on long-term investment securities $ (102) $ 598
v3.23.3
EQUITY METHOD INVESTMENTS - Schedule of Equity Method Investments (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]    
Equity-method investments $ 2,055 $ 1,629
Ancillary services ventures    
Schedule of Equity Method Investments [Line Items]    
Equity-method investments $ 2,055 $ 1,629
v3.23.3
EQUITY METHOD INVESTMENTS - Narrative (Details)
$ in Thousands
Mar. 31, 2023
USD ($)
Schedule of Investments [Line Items]  
Maximum exposure on guarantees $ 2,055
Minimum | Ancillary services ventures  
Schedule of Investments [Line Items]  
Equity-method ownership percentage 17.00%
Maximum | Ancillary services ventures  
Schedule of Investments [Line Items]  
Equity-method ownership percentage 50.00%
v3.23.3
INCOME TAXES (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Tax Disclosure [Abstract]    
(Loss) income before provision for income taxes $ (23,230) $ 9,202
Income tax (benefit) expense using estimated annual effective income tax rate (5,390) 2,917
Income tax (benefit) expense $ (5,390) $ 2,917
v3.23.3
INVESTMENTS AND FAIR VALUE MEASUREMENTS - Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets:    
PropTech convertible trading debt securities $ 2,630 $ 2,957
Long-term investments    
Long-term investment securities at fair value 2,715 3,262
Total long-term investments 5,345 6,219
Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds    
Long-term investments    
Current restricted assets 5,404 4,985
Non-current restricted assets 2,538 2,538
Recurring    
Assets:    
PropTech convertible trading debt securities 1,539 1,875
Long-term investments    
PropTech convertible trading debt securities 1,091 1,082
Long-term investment securities at fair value 2,715 3,262
Total long-term investments 3,806 4,344
Total assets 111,499 160,729
Recurring | Money market funds    
Assets:    
Cash and cash equivalents 105,647 153,941
Recurring | Certificates of deposit    
Assets:    
Cash and cash equivalents 507 569
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Assets:    
PropTech convertible trading debt securities 0 0
Long-term investments    
PropTech convertible trading debt securities 0 0
Long-term investment securities at fair value 0 0
Total long-term investments 0 0
Total assets 105,647 153,941
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds    
Assets:    
Cash and cash equivalents 105,647 153,941
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Certificates of deposit    
Assets:    
Cash and cash equivalents 0 0
Recurring | Significant Other Observable Inputs (Level 2)    
Assets:    
PropTech convertible trading debt securities 0 0
Long-term investments    
PropTech convertible trading debt securities 0 0
Long-term investment securities at fair value 0 0
Total long-term investments 0 0
Total assets 507 569
Recurring | Significant Other Observable Inputs (Level 2) | Money market funds    
Assets:    
Cash and cash equivalents 0 0
Recurring | Significant Other Observable Inputs (Level 2) | Certificates of deposit    
Assets:    
Cash and cash equivalents 507 569
Recurring | Significant Unobservable Inputs (Level 3)    
Assets:    
PropTech convertible trading debt securities 1,539 1,875
Long-term investments    
PropTech convertible trading debt securities 1,091 1,082
Long-term investment securities at fair value 0 0
Total long-term investments 1,091 1,082
Total assets 2,630 2,957
Recurring | Significant Unobservable Inputs (Level 3) | Money market funds    
Assets:    
Cash and cash equivalents 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Certificates of deposit    
Assets:    
Cash and cash equivalents $ 0 $ 0
v3.23.3
INVESTMENTS AND FAIR VALUE MEASUREMENTS - Schedule of Unobservable Inputs Related to the Valuations of the Level 3 Liabilities (Details)
$ in Thousands
Mar. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
PropTech convertible trading debt securities $ 2,630 $ 2,957
Recurring    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
PropTech convertible trading debt securities 1,539 1,875
Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
PropTech convertible trading debt securities 1,539 1,875
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
PropTech convertible trading debt securities $ 2,630 $ 2,957
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Interest rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Convertible trading debt securities input 0.04 0.04
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Interest rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Convertible trading debt securities input 0.08 0.08
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Volatility | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Convertible trading debt securities input 0.569 0.607
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Volatility | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Convertible trading debt securities input 1.019 1.033
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Discount rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Convertible trading debt securities input 0.3362 0.2939
Recurring | Significant Unobservable Inputs (Level 3) | Convertible trading debt securities | Discounted cash flow | Discount rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Convertible trading debt securities input 1.9038 1.8615
v3.23.3
SEGMENT INFORMATION (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Segment Reporting Information [Line Items]    
Revenues $ 213,982 $ 308,900
Operating (loss) income (23,808) 7,879
Restructuring 1,210 0
Adjusted EBITDA attributed to Douglas Elliman (17,645) 12,727
Depreciation and amortization 2,039 2,079
Capital expenditures 3,627 849
Real Estate Brokerage | Real Estate Brokerage    
Segment Reporting Information [Line Items]    
Revenues 213,982 308,900
Operating (loss) income (17,343) 14,541
Stock-based compensation 1,019 925
Restructuring 1,210 0
Adjusted EBITDA (13,075) 17,545
Adjusted EBITDA attributed to non-controlling interest 91 117
Adjusted EBITDA attributed to Douglas Elliman (12,984) 17,662
Depreciation and amortization 2,039 2,079
Capital expenditures 3,627 849
Corporate and Other    
Segment Reporting Information [Line Items]    
Revenues 0 0
Operating (loss) income (6,465) (6,662)
Stock-based compensation 1,804 1,727
Adjusted EBITDA attributed to Douglas Elliman (4,661) (4,935)
Depreciation and amortization 0 0
Capital expenditures $ 0 $ 0
v3.23.3
ESCROW FUNDS IN HOLDING (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Security posted for appeal of judgment $ 27,505 $ 33,533