Dream Finders Homes, Inc.

Listed Company

DFHCIK 0001825088NYSEAcceleratedOperative BuildersTexasFY ends Dec 31

Period

FY 2025

Revenue

$4.32B

Net Income

$217.20M

Total Assets

$3.73B

Equity

$1.42B

Shares Out

—

Op. Cash Flow

$-100.57M

DFH$15.85−41.56% · past yearDBEQ Basic

Daily closing prices

Business

Dream Finders Homes designs, builds and sells single-family homes across entry-level, first-time move-up, second-time move-up and active adult segments in high-growth markets. The company sells homes under brands including Dream Finders Homes, DF Luxury, Reverie Active Adult Lifestyle, Craft Homes and Coventry Homes, and also sells built-for-rent homes to investors. Dream Finders operates in Florida, Georgia, South Carolina, North Carolina, Tennessee, Virginia, Maryland, Texas, Colorado and Arizona, with ancillary financial services including mortgage banking, title insurance and homeowners insurance.

Summary from 10-K filed 2026-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	4,323	4,450	3,749	3,342	1,924
Selling, general and administrative expense	485	395	303	266	154
Income from unconsolidated entities	−417,000	−11	−18	−16	−9
Contingent consideration revaluation	−10	14	47	11	8
Other income, net	−4	−8	−5	−2	−981,000
Income before taxes	284	438	404	356	162
Income tax expense	−67	−97	−96	−82	−27
Net income	217	341	308	274	135
Net income attributable to noncontrolling interests	−207,000	−5	−12	−12	−13
Net income attributable to Dream Finders Homes, Inc.	217	335	296	262	121
Basic (in dollars per share)	2.19	3.44	3.03	2.67	1.27
Diluted (in dollars per share)	2.14	3.34	2.79	2.45	1.27
Basic (in shares)	93	94	93	93	93
Diluted (in shares)	101	100	106	107	95

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	235	274	494	365	227
Restricted cash	50	65	54	31	54
Accounts receivable	39	34	31	43	33
Inventories	2,026	1,715	1,440	1,378	—
Lot deposits	545	458	247	277	241
Mortgage loans held for sale	205	303	0	—	—
Other assets	224	166	81	59	44
Investments in unconsolidated entities	27	11	15	14	16
Goodwill	377	300	172	172	172
Total assets	3,727	3,329	2,562	2,371	1,894
Accounts payable	126	147	134	135	113
Accrued liabilities	321	281	207	184	140
Customer deposits	70	126	173	146	178
Revolving credit facility and other borrowings	822	701	—	—	—
Senior unsecured notes, net	591	295	294	0	—
Mortgage warehouse facilities	193	290	0	—	—
Contingent consideration	0	68	117	115	124
Total liabilities	2,123	1,908	1,476	1,570	1,338
Commitments and contingencies (Note 7)	—	—	—	—	—
Redeemable preferred stock	149	149	149	156	155
Redeemable noncontrolling interests	30	21	0	0	0
Accumulated other comprehensive income	613,000	0	—	—	—
Additional paid-in capital	299	282	275	265	258
Retained earnings	1,174	970	648	366	118
Treasury stock, at cost, 2,124,094 and 291,229 shares of Class A common stock as of December 31, 2025 and 2024 respectively	−50	−8	0	—	—
Total Dream Finders Homes, Inc. stockholders equity	1,425	1,245	925	—	—
Noncontrolling interests	1	5	13	—	—
Total equity	1,426	1,250	938	645	401
Total liabilities, mezzanine equity and equity	3,727	3,329	2,562	2,371	1,894

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	15	10	11	11	6
Amortization of lease right-of-use assets	14	7	7	6	4
Stock-based compensation	25	19	14	7	5
Deferred income tax expense (benefit)	35	46	−22	−294,000	−946,000
Contingent consideration revaluation	−10	14	47	11	8
Payments of contingent consideration	−21	−35	−12	−4	0
Inventory and lot deposit impairment	8	1	3	—	—
Other, net	2	−3	−1	2	—
Accounts receivable	−924,000	−3	13	−12	−17
Inventories	−210	−150	−65	−312	−80
Lot deposits	−80	−209	30	−36	−134
Other assets	−22	−28	−3	−3	−2
Mortgage loans held for sale	98	−189	0	0	—
Accounts payable and accrued liabilities	−115	−23	19	66	63
Customer deposits	−57	−56	27	−32	78
Net cash (used in) provided by operating activities	−101	−257	374	−28	65
Purchase of property and equipment	−26	−25	−5	−6	−3
Proceeds from disposals of property and equipment	74,000	32,000	367,000	152,000	508,000
Investments in unconsolidated entities	−17	−8	−300,000	−300,000	−2
Return of investments from unconsolidated entities	691,000	884,000	230,000	449,000	668,000
Payments for acquisitions, net of cash acquired	−184	−178	0	−280,000	−519
Deposits on pending acquisitions	0	−11	0	0	—
Purchase of investment securities	−12	0	0	—	—
Proceeds from sales and maturities of investment securities	13	0	0	—	—
Net cash used in investing activities	−226	−222	−4	−6	−523
Proceeds from senior unsecured notes	300	0	300	0	0
Proceeds from revolving credit facility and other borrowings	1,565	861	5,410	11,023	1,898
Repayments on revolving credit facility and other borrowings	−1,444	−690	−5,846	−10,820	−1,451
Proceeds from mortgage warehouse facilities	203	1,273	0	0	—
Repayments on mortgage warehouse facilities	−299	−1,092	0	0	—
Payments of debt issuance costs	−11	−7	−11	−6	−8
Proceeds from borrowings related to consolidated inventory not owned	63	0	0	—	—
Redemption of Series B preferred units	0	0	−11	0	−26
Payments of preferred stock dividends	−14	−14	−13	−14	0
Payments for common stock withheld for taxes	−8	−12	−322,000	0	0
Repurchases of common stock	−42	−8	0	0	—
Distributions to noncontrolling interests	−4	−13	−12	−23	−47
Payments of contingent consideration	−37	−28	−33	−14	−1
Net cash provided by (used in) financing activities	271	270	−216	147	646
Net (decrease) increase in cash, cash equivalents and restricted cash	−55	−209	153	114	188
Cash paid for interest	283	199	80	105	34
Cash paid for income taxes, net of refunds	121	128	81	48	—
Noncontrolling interests issued in business combinations	8	21	0	0	—
Accrued cash consideration for business combinations	7	22	0	0	9
Total noncash investing activities	15	44	0	−2	—

Filings

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Frequently asked questions

What is Dream Finders Homes, Inc.'s CIK number?

Dream Finders Homes, Inc.'s SEC CIK number is 0001825088 (1825088). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Dream Finders Homes, Inc.'s SEC filings?

All of Dream Finders Homes, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Dream Finders Homes, Inc. last report earnings?

Dream Finders Homes, Inc. (DFH) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-028624). This is Dream Finders Homes, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Dream Finders Homes, Inc.'s most recent earnings 8-K?

Dream Finders Homes, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001628280-26-028624. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Dream Finders Homes, Inc.'s latest earnings 8-K →
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