A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DFH SEC filings page.
Dream Finders Homes, Inc. (DFH) reported $4.1B in revenue over the twelve months to Jun 30, 2026, down 12.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profits remain positive, but recent growth is being financed by debt and working capital while costs absorb more sales.
The business converted FY2023 earnings into operating cash: net income was$307.9M against operating cash flow of$374.2M . That relationship reversed in FY2024–FY2025: net income stayed positive while operating cash flow was-$256.6M then-$100.6M , showing cash conversion has become highly dependent on operating movements rather than reported profit alone.
FY2025 revenue eased to
Total assets expanded to
Financial Health Signals
Dream Finders Homes, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Dream Finders Homes, Inc. passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Dream Finders Homes, Inc. used $0.46 of operating cash (-$100.6M OCF vs $217.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Dream Finders Homes, Inc. generated $1.1B in revenue in Q2 2026. This represents a decrease of 7.6% from the same quarter a year earlier. Against the prior quarter it is up 19.8%.
Dream Finders Homes, Inc. reported $27.7M in net income in Q2 2026. This represents a decrease of 51.0% from the same quarter a year earlier. Against the prior quarter it is up 109.1%.
Dream Finders Homes, Inc. earned $0.27 per diluted share (EPS) in Q2 2026. This represents a decrease of 51.8% from the same quarter a year earlier. Against the prior quarter it is up 145.5%.
Not reported for Q2 2026.
Cash & Balance Sheet
Dream Finders Homes, Inc. recorded an outflow of $107.2M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 36.1% from the same quarter a year earlier. Against the prior quarter it is down 95.6%.
Dream Finders Homes, Inc. held $203.5M in cash against $1.8B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Dream Finders Homes, Inc.'s net profit margin was 2.6% in Q2 2026, showing the share of revenue converted to profit. This is down 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.
Dream Finders Homes, Inc.'s ROE was 1.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Dream Finders Homes, Inc. spent $14.8M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 7.6% from the same quarter a year earlier. Against the prior quarter it is down 19.8%.
Dream Finders Homes, Inc. invested $5.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 44.5% from the same quarter a year earlier. Against the prior quarter it is up 8.5%.
Not reported for Q2 2026.
DFH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B-7.6% | $887.8M-10.3% | $1.2B-22.3% | $969.8M-3.6% | $1.2B+9.0% | $989.9M+19.6% | $1.6B+37.1% | $1.0B+12.3% |
| SG&A Expenses | $128.4M-4.6% | $110.9M-5.0% | $124.3M+6.8% | $109.5M+7.7% | $134.7M+39.1% | $116.7M+45.7% | $116.4M+29.7% | $101.7M+29.5% |
| Income Tax | $9.0M-48.6% | $5.2M-67.5% | $19.3M-49.3% | $13.7M-34.1% | $17.5M-24.6% | $16.2M+6.7% | $38.1M+25.0% | $20.8M-14.0% |
| Net Income | $27.7M-51.0% | $13.3M-75.9% | $58.9M-56.2% | $47.0M-33.5% | $56.6M-30.1% | $54.9M+0.8% | $134.5M+18.0% | $70.7M-7.2% |
| EPS (Basic) | $0.27-52.6% | $0.11-80.0% | $0.60-55.2% | $0.47-34.7% | $0.57-31.3% | $0.550.0% | $1.34+27.6% | $0.72-8.9% |
| EPS (Diluted) | $0.27-51.8% | $0.11-79.6% | $0.58-54.7% | $0.47-32.9% | $0.56-30.9% | $0.54-1.8% | $1.28+33.3% | $0.70-6.7% |
| Diluted Shares (Avg) | 91M-10.4% | 92M-8.8% | N/A | 101M-0.1% | 102M+1.8% | 101M+1.4% | N/A | 101M-1.3% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense.
DFH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.0B+8.5% | $4.0B+13.9% | $3.7B+12.0% | $3.8B+15.4% | $3.7B+22.3% | $3.5B+28.4% | $3.3B+29.9% | $3.3B+39.5% |
| Cash & Equivalents | $203.5M-3.2% | $435.4M+46.4% | $234.8M-14.4% | $251.0M+22.5% | $210.3M-23.5% | $297.5M+24.2% | $274.4M-44.5% | $204.9M-37.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $29.5M-32.7% | $32.8M+6.0% | $39.1M+14.6% | $53.0M+75.6% | $43.9M+32.9% | $31.0M+9.7% | $34.1M+10.5% | $30.2M-9.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $377.4M-0.1% | $377.4M+9.1% | $377.4M+25.7% | $375.1M+24.9% | $377.8M+25.8% | $346.0M+13.4% | $300.3M+74.4% | $300.3M+74.4% |
| Total Liabilities | $2.3B+9.9% | $2.4B+17.9% | $2.1B+11.3% | $2.3B+12.2% | $2.1B+21.1% | $2.0B+28.8% | $1.9B+29.3% | $2.0B+45.6% |
| Long-Term Debt | $1.8B | $1.9B | $1.6B+24.9% | $1.8B | N/A | N/A | $1.3B | N/A |
| Total Equity | $1.4B+7.3% | $1.4B+9.5% | $1.4B+14.4% | $1.4B+23.2% | $1.3B+27.4% | $1.3B+33.4% | $1.2B+34.6% | $1.1B+33.1% |
| Retained Earnings | $1.2B+12.4% | $1.2B+15.9% | $1.2B+21.0% | $1.1B+32.5% | $1.1B+38.3% | $1.0B+46.1% | $970.3M+49.6% | $844.4M+53.6% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities.
DFH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$101.5M-48.2% | -$49.5M-10.8% | $143.6M-53.1% | -$131.0M+36.1% | -$68.5M+38.1% | -$44.7M+81.9% | $306.5M+39.6% | -$205.0M-335.7% |
| Depreciation & Amortization | $5.4M+42.3% | $5.2M+58.8% | $4.3M+31.7% | $3.7M+71.5% | $3.8M+46.1% | $3.3M+48.8% | $3.3M+22.9% | $2.1M-19.5% |
| Stock-Based Compensation | N/A | $5.2M-44.7% | N/A | N/A | N/A | $9.5M+173.1% | N/A | N/A |
| Capital Expenditures | $5.7M-44.5% | $5.3M+66.4% | $7.6M+94.2% | $4.7M-72.9% | $10.3M+466.9% | $3.2M+52.6% | $3.9M+345.8% | $17.6M+1843.7% |
| Free Cash Flow | -$107.2M-36.1% | -$54.8M-14.5% | $136.0M-55.0% | -$135.7M+39.0% | -$78.8M+29.9% | -$47.9M+80.8% | $302.6M+38.4% | -$222.5M-358.5% |
| Investing Cash Flow | -$5.6M+93.2% | -$11.0M+90.5% | -$23.9M+0.9% | -$4.7M+40.4% | -$81.7M-2107.7% | -$115.6M+37.9% | -$24.1M-4938.6% | -$7.8M-642.6% |
| Financing Cash Flow | -$118.2M-295.4% | $255.1M+51.3% | -$125.5M+28.4% | $167.4M+12.3% | $60.5M-57.8% | $168.6M+10.2% | -$175.3M-418.2% | $149.0M+409.1% |
| Share Buybacks | $14.8M-7.6% | $18.5M+165.4% | $9.0M+678.4% | $9.7M+100.5% | $16.1M+769.8% | $7.0M | $1.2M | $4.8M |
Not reported in any period shown, so not listed: Dividends Paid.
DFH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 2.6%-2.3pp | 1.5%-4.1pp | 4.9%-3.8pp | 4.9%-2.2pp | 4.9%-2.8pp | 5.5%-1.0pp | 8.6%-1.4pp | 7.0%-1.5pp |
| Return on Equity | 1.9%-2.3pp | 0.9%-3.3pp | 4.1%-6.7pp | 3.4%-2.9pp | 4.2%-3.5pp | 4.3%-1.4pp | 10.8%-1.5pp | 6.3%-2.7pp |
| Return on Assets | 0.7%-0.9pp | 0.3%-1.2pp | 1.6%-2.5pp | 1.2%-0.9pp | 1.6%-1.2pp | 1.6%-0.4pp | 4.0%-0.4pp | 2.1%-1.1pp |
| Debt-to-Equity | 1.27-0.3x | 1.33-0.2x | 1.13+0.1x | 1.29-0.5x | 1.60-0.1x | 1.56-0.1x | 1.03-0.6x | 1.82+0.2x |
| Asset Turnover | 0.270.0x | 0.22-0.1x | 0.33-0.1x | 0.250.0x | 0.320.0x | 0.280.0x | 0.470.0x | 0.30-0.1x |
| FCF Margin | -10.1%-3.2pp | -6.2%-1.3pp | 11.2%-8.2pp | -14.0%+8.1pp | -6.9%+3.8pp | -4.8%+25.3pp | 19.4%+0.2pp | -22.1%-31.7pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Dream Finders Homes, Inc. DFH | FY2025 | $4.3B | $217.4M | 5.0% | $973.3M | — |
| Tri Pointe Homes, Inc. TPH | FY2025 | $3.5B | $241.1M | 7.0% | $4.0B | 35/100 |
| Green Brick Partners, Inc GRBK | FY2025 | $2.0B | $343.5M | 16.8% | $2.9B | 33/100 |
| M/I Homes, Inc. MHO | FY2025 | $4.4B | $402.9M | 9.1% | $3.4B | 39/100 |
| KB Home KBH | FY2025 | $6.2B | $428.8M | 6.9% | $2.8B | 22/100 |
| Cavco Industries Inc. CVCO | FY2026 | $2.2B | $191.2M | 8.5% | $4.5B | 71/100 |
Where Dream Finders Homes, Inc. Ranks
Frequently Asked Questions
What is Dream Finders Homes, Inc.'s annual revenue?
Dream Finders Homes, Inc. (DFH) reported $4.3B in total revenue for fiscal year 2025. This represents a -2.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dream Finders Homes, Inc.'s revenue growing?
Dream Finders Homes, Inc. (DFH) revenue declined by 2.9% year-over-year, from $4.4B to $4.3B in fiscal year 2025.
Is Dream Finders Homes, Inc. profitable?
Yes, Dream Finders Homes, Inc. (DFH) reported a net income of $217.4M in fiscal year 2025, with a net profit margin of 5.0%.
How much debt does Dream Finders Homes, Inc. have?
As of fiscal year 2025, Dream Finders Homes, Inc. (DFH) had $234.8M in cash and equivalents against $1.6B in long-term debt.
What is Dream Finders Homes, Inc.'s net profit margin?
Dream Finders Homes, Inc. (DFH) had a net profit margin of 5.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dream Finders Homes, Inc.'s return on equity (ROE)?
Dream Finders Homes, Inc. (DFH) has a return on equity of 15.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dream Finders Homes, Inc.'s free cash flow?
Dream Finders Homes, Inc. (DFH) recorded an outflow of $126.4M in free cash flow during fiscal year 2025. This represents a 55.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dream Finders Homes, Inc.'s operating cash flow?
Dream Finders Homes, Inc. (DFH) recorded an outflow of $100.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Dream Finders Homes, Inc.'s total assets?
Dream Finders Homes, Inc. (DFH) had $3.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dream Finders Homes, Inc.'s capital expenditures?
Dream Finders Homes, Inc. (DFH) invested $25.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Dream Finders Homes, Inc.'s debt-to-equity ratio?
Dream Finders Homes, Inc. (DFH) had a debt-to-equity ratio of 1.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dream Finders Homes, Inc.'s return on assets (ROA)?
Dream Finders Homes, Inc. (DFH) had a return on assets of 5.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dream Finders Homes, Inc.'s P/E ratio?
Dream Finders Homes, Inc. (DFH) trades at 6.6x earnings, its market capitalization divided by net income of $146.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $973.3M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dream Finders Homes, Inc.'s price-to-sales ratio?
Dream Finders Homes, Inc. (DFH) trades at 0.2x sales, its market capitalization divided by revenue of $4.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $973.3M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Dream Finders Homes, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Dream Finders Homes, Inc. (DFH) held $234.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $100.6M over that year. Dividing the one by the other, the reported balance equals about 28 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Dream Finders Homes, Inc.'s Piotroski F-Score?
Dream Finders Homes, Inc. (DFH) has a Piotroski F-Score of 1 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dream Finders Homes, Inc.'s earnings high quality?
For every $1 of reported earnings, Dream Finders Homes, Inc. (DFH) used $0.46 of operating cash (-$100.6M OCF vs $217.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.