# Douglas Elliman Board Authorizes Up to $10 Million in Share Buybacks By John Kim Canonical URL: https://www.tokenpost.com/news/business/54122 Published: 2026-11-11T15:02:19.000Z Updated: 2026-11-11T15:02:19.000Z Section: Business > The company expects AI transformation to drive savings over three years, with non-commission expense efficiencies beginning gradually in 2027. Douglas Elliman Inc.'s board authorized a program to repurchase up to $10 million in common stock, while the company expects to begin gradually realizing AI-related expense efficiencies in 2027. The authorization sets a limit for potential share purchases; it does not require Douglas Elliman to complete any repurchases. The board action follows the company's [third-quarter results](). Douglas Elliman recorded net income of $7.4 million, or $0.08 per diluted common share, compared with a net loss of $24.7 million, or $0.29 per diluted common share, in the year-earlier quarter. Revenue totaled $252.1 million, down 4.1% in the reported year-over-year comparison. That comparison includes property-management revenue from the prior-year period. Excluding that business, the decline was about 0.5%, based on prior-year revenue of $253.4 million. The company expects its AI transformation to drive savings over the next three years. It expects efficiencies in non-commission operating expenses to begin gradually in 2027. ## Links in this article - [third-quarter results](https://www.tokenpost.com/news/business/53836)