Dream Finders Homes, Inc. DFH

Industrials SIC 1531 - Operative Builders NAICS Construction › Construction of Buildings › Residential Building Construction derived NYSE

We design, build and sell homes primarily in high-growth markets using our asset-light lot acquisition strategy. Our primary focus is on constructing and selling single-family homes across entry-level, first-time move-up, second-time move-up and active adult homes. We also sell homes to third-party investors that intend to lease the homes ("built-for-rent contracts"). Our home offerings are marketed under various brands, including Dream Finders Homes, DF Luxury, Reverie Active Adult Lifestyle by Dream Finders Homes, Craft Homes and Coventry Homes.

To fully serve our homebuyers and capture ancillary business opportunities, we have financial services operations that offer mortgage banking solutions primarily through our wholly owned mortgage banking business, Jet HomeLoans, LP ("Jet HomeLoans"), as well as title insurance services—inclusive of agency services primarily through DF Title, LLC, doing business as Golden Dog Title & Trust and Golden Dog Title ("DF Title"), and residential and commercial underwriting services through Alliant National Title Insurance Company, Inc. ("Alliant Title"). Additionally, we offer homeowners insurance and adjacent products to homebuyers.

Last close 10.25 2026-10-23
Market cap $935.8M estimated share count
52-week range 7.30 - 23.75

Valuation FY2025 figures against the last close

P/S0.2x
P/E4.8x
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS2.14

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $4.32B$4.45B$3.75B$3.34B$1.92B$1.13B$744.3M—
Cost of revenue ——$3.01B$2.72B$1.61B$962.9M$641.3M—
Gross profit ——$736.8M$620.2M$313.6M$170.9M$103.0M—
SG&A $485.2M$395.1M$302.8M$266.1M$154.4M$90.4M$63.6M—
Interest expense ———$32.0K$672.0K$871.0K$221.4K—
Pre-tax income $284.1M$437.9M$404.4M$356.2M$162.0M$84.5M$44.9M—
Income tax $66.7M$97.3M$96.5M$81.9M$27.5M$0$0—
Net income $217.4M$340.6M$307.9M$274.3M$134.6M$79.1M$39.2M—
EPS, basic 2.193.443.032.671.270.000.00—
EPS, diluted 2.143.342.792.451.270.000.00—
Shares, diluted (wtd. avg.) 101.3M100.3M106.0M106.7M95.3M00—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $234.8M$274.4M$494.1M$395.1M$281.3M$93.4M$75.3M$36.6M
Inventory ————$1.07B$484.4M——
Property, plant and equipment $54.7M$39.7M$7.0M$7.3M$6.8M$4.3M——
Goodwill $377.4M$300.3M$172.2M$172.2M$171.9M$28.6M——
Other intangibles ———$5.0M$9.1M$2.7M——
Total assets $3.73B$3.33B$2.56B$2.37B$1.89B$733.7M——
Long-term debt $1.61B$1.29B——————
Total liabilities $2.12B$1.91B$1.48B$1.57B$1.34B$521.7M——
Retained earnings $1.17B$970.3M$648.4M$366.0M$118.2M$0——
Total equity $1.42B$1.24B$937.6M$644.6M$401.2M———

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow -$100.6M-$256.6M$374.2M-$27.6M$65.0M$96.9M$30.4M—
Depreciation and amortisation $11.8M$6.4M$4.8M$5.0M$3.7M$4.0M$3.0M—
Stock-based compensation $24.9M$18.8M$14.1M$6.8M$5.2M$947.0K$895.0K—
Capital expenditure $25.8M$25.3M$4.8M$5.5M$2.8M$2.9M$2.9M—
Investing cash flow -$225.8M-$221.7M-$4.5M-$5.5M-$523.0M-$13.0M-$17.8M—
Financing cash flow $271.0M$269.7M-$216.4M$147.0M$646.0M-$65.8M$26.1M—
Buybacks $41.7M$7.8M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-050982.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2019: 744.3M Gross profit, FY2019: 103M Net income, FY2019: 39.2M Revenue, FY2020: 1.1B Gross profit, FY2020: 170.9M Net income, FY2020: 79.1M Revenue, FY2021: 1.9B Gross profit, FY2021: 313.6M Net income, FY2021: 134.6M Revenue, FY2022: 3.3B Gross profit, FY2022: 620.2M Net income, FY2022: 274.3M Revenue, FY2023: 3.7B Gross profit, FY2023: 736.8M Net income, FY2023: 307.9M Revenue, FY2024: 4.4B Net income, FY2024: 340.6M Revenue, FY2025: 4.3B Net income, FY2025: 217.4M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $744.3M $1.13B $1.92B $3.34B $3.75B $4.45B $4.32B
Gross profit — $103.0M $170.9M $313.6M $620.2M $736.8M — —
Net income — $39.2M $79.1M $134.6M $274.3M $307.9M $340.6M $217.4M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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