Douglas Elliman Inc. Financial Summary

Complete Filing Data

Douglas Elliman Inc. reported Stockholders Equity Including Portion Attributable To Noncontrolling Interest of $183.28 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Douglas Elliman Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Net Income *$15.2M-$76.3M-$42.6M-$5.6M$98.8M-$46.4M$8.5M
Selling And Marketing Expense$80.7M$82.6M$83.7M$85.8M$77.2M$64.1M$76.9M
Revenue From Contract With Customer Excluding Assessed Tax$1.03B$995.6M$955.6M$1.15B$1.35B$774.0M$784.1M
Operating Income Loss$45.5M-$68.8M-$64.5M-$4.5M$102.1M-$49.3M-$3.5M
Net Income Loss Attributable To Noncontrolling Interest-$909.0K-$686.0K-$614.0K-$777.0K-$186.0K$0.00$0.00
Income Tax Expense Benefit$3.6M$1.1M-$15.1M$6.5M$2.1M$44.0K$354.0K
Income Loss From Equity Method Investments$187.0K$36.0K-$168.0K-$563.0K-$278.0K-$225.0K$8.5M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$17.9M-$75.9M-$58.2M$104.0K$100.8M-$46.3M$8.8M
General And Administrative Expense$111.0M$117.8M$125.4M$131.4M$92.8M$76.1M$96.5M
Restructuring Charges$1.6M$1.0M$2.4M$0.00$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Net Income *-$24.7M-$22.7M-$6.0M-$27.2M-$1.7M-$41.5M-$4.9M-$5.2M-$17.6M-$4.0M$10.2M$6.5M$25.2M$39.5M$14.0M
Selling And Marketing Expense$19.7M$20.1M$19.7M$19.2M$22.2M$21.3M$20.8M$22.2M$21.2M$22.7M$22.1M$19.3M$20.2M$19.7M$19.4M
Revenue From Contract With Customer Excluding Assessed Tax$262.8M$271.4M$253.4M$266.3M$285.8M$200.2M$251.5M$275.9M$214.0M$272.6M$364.4M$308.9M$354.2M$392.0M$272.8M
Operating Income Loss-$10.7M-$5.5M-$5.3M-$7.4M-$3.7M-$41.5M-$8.8M-$8.3M-$23.8M-$5.2M$14.6M$7.9M$25.5M$43.2M$14.2M
Net Income Loss Attributable To Noncontrolling Interest-$251.0K$48.0K-$299.0K-$269.0K-$116.0K-$210.0K-$264.0K$41.0K-$216.0K-$280.0K-$27.0K-$225.0K-$120.0K$0.00$0.00
Income Tax Expense Benefit$11.0K$0.00$0.00$0.00$173.0K$1.2M-$1.9M-$1.3M-$5.4M-$290.0K$5.5M$2.9M$667.0K$708.0K$281.0K
Income Loss From Equity Method Investments-$23.0K$199.0K$2.0K$62.0K-$2.0K-$11.0K$10.0K-$80.0K-$73.0K-$895.0K-$114.0K$532.0K-$193.0K$75.0K$0.00
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$24.9M-$22.6M-$6.3M-$27.4M-$1.6M-$40.5M-$7.0M-$6.5M-$23.2M-$4.5M$15.8M$9.2M$25.8M$40.2M$14.2M
General And Administrative Expense$32.2M$26.2M$27.3M$28.7M$24.9M$27.0M$28.8M$31.3M$32.3M$33.5M$32.9M$32.8M$22.3M$22.9M$19.3M
Restructuring Charges$794.0K$298.0K$18.0K$598.0K$0.00$215.0K$507.0K$1.2M$0.00$0.00$0.00

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Stockholders Equity *$184.0M$162.2M$233.2M$268.9M$279.9M$163.6M$204.3M$216.1M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$122.7M$142.2M$129.5M$171.4M$228.9M$106.7M$79.1M$92.1M
Gain Loss On Investments$1.2M$5.3M$633.0K$2.8M$265.0K$0.00$0.00
Goodwill$32.2M$32.2M$32.2M$32.2M$32.6M$31.8M
Restricted Cash And Cash Equivalents At Carrying Value$4.7M$4.1M$7.2M$5.0M$15.3M$10.4M$4.4M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$19.5M$12.7M-$41.9M-$57.5M$122.2M$27.6M-$13.1M
Cash And Cash Equivalents At Carrying Value$115.5M$135.7M$119.8M$163.9M$211.6M$94.4M$71.5M
Assets$444.4M$493.9M$493.4M$550.4M$595.2M$454.0M$488.6M
Operating Lease Right Of Use Asset Amortization Expense$19.2M$20.6M$22.4M$20.6M$18.7M$17.3M$18.0M
Gain Loss On Sale Of Property Plant Equipment-$204.0K-$205.0K-$37.0K-$11.0K-$186.0K-$1.2M$0.00
Equity Method Investments$2.2M$2.0M$2.0M$1.6M$2.5M$1.4M
Property Plant And Equipment Net$30.2M$37.7M$39.7M$41.7M$39.4M$42.7M
Other Long Term Investments$10.5M$9.5M$12.9M$12.9M$8.1M$237.0K
Other Liabilities Noncurrent$134.0K$683.0K$133.0K$306.0K$188.0K$2.3M
Other Liabilities Current$19.4M$20.5M$20.2M$13.6M$22.3M$11.8M
Other Intangible Assets Net$71.7M$72.3M$73.0M$73.7M$74.4M$68.3M
Other Assets Noncurrent$6.3M$6.4M$7.2M$6.5M$4.8M$4.1M
Other Assets Current$15.5M$19.1M$15.5M$13.7M$12.2M$11.8M
Operating Lease Right Of Use Asset$83.3M$100.5M$108.2M$117.8M$123.5M$133.1M
Operating Lease Liability Noncurrent$82.4M$101.9M$110.7M$120.5M$129.5M$143.3M
Operating Lease Liability Current$20.6M$21.7M$22.2M$22.3M$22.7M$23.8M
Minority Interest-$672.0K$237.0K$923.0K$1.5M$1.9M$0.00
Liabilities Current$98.7M$92.2M$97.2M$90.0M$132.5M$99.6M
Liabilities And Stockholders Equity$444.4M$493.9M$493.4M$550.4M$595.2M$454.0M
Liabilities$261.1M$331.5M$259.3M$279.9M$313.3M$290.4M
Employee Related Liabilities Current$13.7M$8.3M$12.9M$18.2M$25.4M$12.0M
Contract With Customer Liability Noncurrent$74.9M$63.8M$51.2M$54.7M$39.6M$32.1M
Contract With Customer Liability Current$16.0M$18.2M$11.2M$8.2M$6.7M$7.6M
Commissions Payable Current$21.7M$20.5M$24.6M$22.1M$35.8M$25.6M
Assets Current$161.3M$196.1M$181.3M$225.1M$280.8M$148.4M
Agent Receivables Net Current$5.7M$7.9M$11.7M$12.8M$9.2M$7.3M
Accounts Receivable Net Current$19.9M$19.6M$21.8M$22.2M$32.5M$24.4M
Accounts Payable Current$3.8M$3.1M$6.1M$5.5M$5.9M$6.3M
Retained Earnings Accumulated Deficit-$108.6M-$123.9M-$47.6M-$5.0M$622.0K
Preferred Stock Value$0.00$0.00$0.00$0.00$0.00
Common Stock Value$883.0K$889.0K$879.0K$809.0K$812.0K
Investments Fair Value Disclosure$4.4M$3.1M$4.0M$6.2M$3.8M$237.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Stockholders Equity *$115.1M$137.6M$158.2M$173.6M$196.9M$195.1M$246.6M$248.1M$249.9M$288.9M$293.9M$285.0M$236.7M$222.2M$183.5M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$150.9M$144.7M$145.4M$157.3M$102.9M$100.1M$133.9M$139.3M$131.6M$201.7M$211.1M$213.4M$172.7M$170.5M$120.1M
Gain Loss On Investments$1.4M-$59.0K-$43.0K-$4.0K$1.0M-$391.0K$27.0K$536.0K-$454.0K$1.0M$666.0K$752.0K$147.0K
Goodwill$32.2M$32.2M$32.2M$32.2M$32.2M$32.2M$32.2M$32.2M$32.2M$32.2M$32.2M$32.6M
Restricted Cash And Cash Equivalents At Carrying Value$5.4M$5.9M$6.1M$3.4M$7.6M$6.1M$5.0M$6.3M$5.4M$5.7M$7.0M$7.9M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$3.2M-$29.4M-$39.8M-$15.4M$13.4M
Cash And Cash Equivalents At Carrying Value$143.0M$136.3M$136.8M$151.4M$92.9M$91.5M$126.3M$130.4M$123.7M$192.7M$202.1M$203.7M
Assets$480.6M$489.0M$493.9M$502.7M$463.9M$461.1M$511.1M$518.1M$516.8M$580.1M$594.7M$588.2M
Operating Lease Right Of Use Asset Amortization Expense$4.9M$5.9M$5.4M$4.9M
Gain Loss On Sale Of Property Plant Equipment-$137.0K-$70.0K$0.00-$10.0K
Equity Method Investments$2.2M$2.2M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.1M$1.6M$2.3M$2.5M
Property Plant And Equipment Net$32.4M$36.0M$37.0M$38.2M$38.7M$39.8M$40.7M$41.6M$42.5M$40.7M$40.6M$38.4M
Other Long Term Investments$10.6M$10.7M$10.7M$11.2M$11.2M$11.4M$13.1M$13.1M$12.7M$11.4M$9.2M$7.4M
Other Liabilities Noncurrent$1.1M$1.1M$662.0K$312.0K$310.0K$119.0K$77.0K$56.0K$137.0K$96.0K$188.0K$188.0K
Other Liabilities Current$25.6M$25.0M$30.6M$21.6M$25.7M$24.2M$20.4M$25.4M$22.5M$18.6M$22.9M$28.0M
Other Intangible Assets Net$71.8M$72.0M$72.1M$72.5M$72.6M$72.8M$73.1M$73.3M$73.5M$73.8M$74.0M$74.2M
Other Assets Noncurrent$6.6M$7.0M$6.6M$6.7M$6.8M$7.1M$6.7M$6.8M$6.6M$6.9M$5.6M$5.5M
Other Assets Current$18.9M$19.6M$19.1M$19.0M$20.0M$20.4M$18.7M$18.9M$17.6M$16.1M$16.2M$22.7M
Operating Lease Right Of Use Asset$87.2M$91.5M$95.8M$98.9M$99.7M$104.6M$112.1M$113.2M$113.1M$120.4M$124.2M$125.6M
Operating Lease Liability Noncurrent$86.7M$91.7M$96.9M$101.9M$103.2M$108.2M$114.4M$115.5M$115.2M$123.5M$127.7M$130.1M
Operating Lease Liability Current$21.4M$21.4M$21.3M$20.5M$20.5M$20.6M$22.2M$22.2M$22.8M$22.7M$23.1M$23.2M
Minority Interest-$265.0K-$14.0K-$62.0K$328.0K$597.0K$713.0K$1.1M$1.4M$1.3M$1.8M$2.1M$2.1M
Liabilities Current$100.6M$96.9M$100.6M$89.7M$90.9M$92.5M$93.0M$93.2M$88.3M$103.0M$109.9M$124.3M
Liabilities And Stockholders Equity$480.6M$489.0M$493.9M$502.7M$463.9M$461.1M$511.1M$518.1M$516.8M$580.1M$594.7M$588.2M
Liabilities$365.8M$351.4M$335.8M$328.7M$266.4M$265.3M$263.4M$268.7M$265.6M$289.4M$298.8M$301.1M
Employee Related Liabilities Current$9.5M$5.8M$3.3M$5.5M$3.4M$2.3M$10.0M$6.5M$3.4M$17.5M$12.9M$7.4M
Contract With Customer Liability Noncurrent$74.3M$74.8M$68.3M$59.4M$62.1M$54.5M$50.2M$52.1M$52.8M$51.1M$49.3M$35.0M
Contract With Customer Liability Current$15.9M$14.1M$16.1M$15.1M$14.8M$14.1M$10.5M$9.2M$7.7M$7.0M$6.0M$16.8M
Commissions Payable Current$19.6M$22.3M$18.9M$23.7M$23.4M$17.9M$25.2M$25.0M$25.8M$26.8M$32.2M$30.8M
Assets Current$192.9M$192.4M$196.0M$205.5M$161.5M$154.8M$197.0M$200.9M$198.1M$257.0M$272.0M$276.3M
Agent Receivables Net Current$7.9M$9.9M$13.2M$9.7M$13.5M$17.0M$14.0M$16.6M$19.5M$14.5M$15.0M$14.6M
Accounts Receivable Net Current$17.8M$20.7M$20.7M$22.1M$27.5M$19.8M$26.8M$21.0M$24.2M$26.7M$31.2M$27.4M
Accounts Payable Current$3.6M$3.1M$5.2M$2.8M$2.7M$5.4M$4.8M$4.9M$6.2M$7.3M$6.5M$6.3M
Retained Earnings Accumulated Deficit-$177.2M-$152.5M-$129.9M-$117.9M-$90.7M-$89.0M-$32.7M-$27.8M-$22.6M$1.2M$9.3M$3.1M
Preferred Stock Value$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Value$890.0K$887.0K$888.0K$918.0K$917.0K$915.0K$887.0K$886.0K$844.0K$813.0K$813.0K$812.0K
Investments Fair Value Disclosure$4.3M$4.2M$4.2M$4.2M$4.2M$5.3M$3.4M$3.8M$3.0M

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Depreciation Depletion And Amortization$8.4M$7.7M$8.0M$8.0M$8.6M$8.5M$8.6M
Payments To Acquire Property Plant And Equipment$3.4M$5.5M$6.1M$8.5M$4.1M$6.1M$8.1M
Payments To Acquire Longterm Investments$138.0K$330.0K$190.0K$1.1M$365.0K$0.00$0.00
Net Cash Provided By Used In Operating Activities-$13.9M-$26.0M-$30.4M-$14.7M$127.8M$31.9M$7.6M
Net Cash Provided By Used In Investing Activities$90.5M-$6.8M-$5.2M-$12.7M-$8.9M-$4.1M-$1.5M
Net Cash Provided By Used In Financing Activities-$96.1M$45.5M-$6.2M-$30.0M$3.2M-$143.0K-$19.1M
Increase Decrease In Other Operating Capital Net$353.0K-$2.9M$1.0M$797.0K-$20.0M-$3.3M-$1.2M
Increase Decrease In Operating Lease Liability-$22.2M-$22.2M-$22.7M-$24.2M-$24.0M-$7.5M-$17.4M
Increase Decrease In Employee Related Liabilities$5.6M-$4.6M-$5.3M-$7.2M$13.4M-$1.3M-$1.6M
Increase Decrease In Accounts Payable And Accrued Liabilities$1.5M-$6.9M$9.7M-$22.7M-$2.2M$3.5M$1.9M
Payments To Acquire Equity Securities Fv Ni$0.00$0.00$300.0K$2.1M$4.0M$0.00$0.00
Share Based Compensation$8.6M$6.6M$13.1M$11.1M$0.00$0.00
Payments To Acquire Available For Sale Securities Debt$0.00$0.00$25.0K$701.0K$0.00$0.00
Payments Of Dividends Common Stock$0.00$0.00$4.2M$16.3M$0.00$0.00
Increase Decrease In Income Taxes Receivable-$3.6M-$5.3M-$1.2M$7.7M-$1.2M
Increase Decrease In Accounts And Notes Receivable$3.9M-$820.0K$2.2M-$3.4M$11.7M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Depreciation Depletion And Amortization$2.2M$2.2M$1.9M$1.9M$1.9M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.1M$2.2M$2.1M$2.1M
Payments To Acquire Property Plant And Equipment$1.0M$2.1M$3.6M$849.0K$597.0K
Payments To Acquire Longterm Investments$67.0K$85.0K$55.0K$200.0K$0.00
Net Cash Provided By Used In Operating Activities-$5.6M-$27.3M-$31.6M-$6.8M$14.0M
Net Cash Provided By Used In Investing Activities$8.8M-$2.2M-$4.0M-$1.8M-$597.0K
Net Cash Provided By Used In Financing Activities$0.00-$4.2M-$6.8M-$21.0K
Increase Decrease In Other Operating Capital Net$3.5M$1.1M$2.9M$770.0K
Increase Decrease In Operating Lease Liability-$5.6M-$6.4M-$5.6M-$5.9M
Increase Decrease In Employee Related Liabilities-$5.0M-$10.6M-$14.9M-$18.1M
Increase Decrease In Accounts Payable And Accrued Liabilities$10.9M-$3.2M$13.3M$1.2M
Payments To Acquire Equity Securities Fv Ni$0.00$275.0K$25.0K$0.00
Share Based Compensation$2.0M$3.4M$2.8M$2.7M
Payments To Acquire Available For Sale Securities Debt$0.00$25.0K$701.0K$0.00
Payments Of Dividends Common Stock$0.00$4.2M$4.1M$0.00
Increase Decrease In Income Taxes Receivable-$81.0K-$5.5M$100.0K-$1.2M
Increase Decrease In Accounts And Notes Receivable$7.7M$4.6M$10.4M-$339.0K

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Earnings Per Share Diluted$0.17$-0.91$-0.52$-0.08$1.21$-0.60$0.11
Earnings Per Share Basic$0.17$-0.91$-0.52$-0.08$1.21$-0.60$0.11
Common Stock Shares Issued88.2M88.9M87.9M80.9M81.6M81.2M
Common Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Preferred Stock Shares Authorized10.0M10.0M10.0M10.0M10.0M10.0M
Preferred Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Outstanding88.2M88.9M87.9M80.9M81.2M0.00
Common Stock Shares Authorized250.0M250.0M250.0M250.0M250.0M250.0M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Earnings Per Share Diluted$-0.29$-0.27$-0.07$-0.33$-0.02$-0.50$-0.06$-0.06$-0.22$-0.05$0.12$0.08$0.32$0.51$0.18
Earnings Per Share Basic$-0.29$-0.27$-0.07$-0.33$-0.02$-0.50$-0.06$-0.06$-0.22$-0.05$0.12$0.08$0.32$0.51$0.18
Common Stock Shares Issued89.0M88.7M88.7M91.8M91.7M91.5M88.7M88.6M84.4M81.2M81.3M81.2M
Common Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
Preferred Stock Shares Authorized10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M
Preferred Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Outstanding89.0M88.7M88.7M91.8M91.7M91.5M88.7M88.6M84.4M81.2M81.3M81.2M
Common Stock Shares Authorized250.0M250.0M250.0M250.0M250.0M250.0M250.0M250.0M250.0M250.0M250.0M250.0M

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Investment Income Net$1.3M$5.3M$633.0K$3.4M$529.0K$843.0K$64.0K
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$8.6M$6.6M$13.1M$11.1M
Stock Issued During Period Value Restricted Stock Award Gross$0.00$0.00$0.00$0.00$0.00
Provision For Loan Losses Expensed$4.4M$5.2M$4.7M$4.1M$3.3M$1.5M$0.00
Contract With Customer Asset Net Noncurrent$46.7M$37.1M$36.0M$38.9M$29.0M$24.0M
Additional Paid In Capital$291.7M$285.2M$279.9M$273.1M$278.5M
Interest Income Other$4.9M$5.5M$5.8M$1.9M$83.0K$190.0K$600.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Investment Income Net$1.4M-$37.0K-$22.0K-$4.0K$1.0M-$391.0K$27.0K$536.0K-$454.0K$1.1M$1.2M$752.0K$175.0K$493.0K-$102.0K
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$2.2M$2.1M$2.0M$3.9M$3.5M$3.4M$3.4M$3.4M$2.8M$3.2M$2.7M$2.7M
Stock Issued During Period Value Restricted Stock Award Gross$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Provision For Loan Losses Expensed$1.2M$1.3M$1.4M$558.0K
Contract With Customer Asset Net Noncurrent$44.6M$44.9M$41.4M$35.3M$39.3M$36.5M$34.1M$35.1M$36.0M$36.0M$34.6M$25.7M
Additional Paid In Capital$291.4M$289.2M$287.2M$290.6M$286.7M$283.2M$278.5M$275.0M$271.7M$286.8M$283.8M$281.2M
Interest Income Other$1.4M$1.3M$1.4M$1.6M$1.1M$1.4M$1.8M$32.0K$39.0K$25.0K$47.0K

Most recent annual filing with the SEC: March 16, 2026

Data sourced from SEC EDGAR public filings as of August 5, 2026.