STOCK TITAN

Dream Finders Homes, Inc. (DFH) Financials

DFH
Trailing 12 months to June 30, 2026
Revenue $4.1B -12.2% YoY
Net Income $146.9M -53.6% YoY
EPS (Diluted) $1.43 -53.6% YoY
Free Cash Flow -$161.8M -246.8% YoY
Market Cap $973.3M as of Oct 3, 2026
Price / Sales 0.2x on $4.1B revenue, trailing 12 months to June 30, 2026
Price / Earnings 6.6x on $146.9M net income, trailing 12 months to June 30, 2026
Price / Book 0.7x on $1.4B equity, Q2 FY2026

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.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

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).

Rhea AI DFH FY2025

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 $4.3B while net profit margin fell to 5.0%, leaving less revenue to absorb the cost base. SG&A climbed to $485.2M from $395.1M, making overhead absorption less favorable.

Total assets expanded to $3.7B while liabilities reached $2.1B, indicating the balance sheet grew alongside the business and is funded materially by obligations. Debt-to-equity was 1.1x in FY2025, while reported liquidity equaled 28 months of the latest annual operating outflow.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

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.

Piotroski F-Score Partial
1/6

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.

Earnings Quality No Cash Backing

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

Export CSV

Earnings & Revenue

Revenue
$1.1B
YoY-7.6%
QoQ+19.8%
5Y CAGR+23.8%

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%.

Net Income
$27.7M
YoY-51.0%
QoQ+109.1%
5Y CAGR-0.6%

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%.

EPS (Diluted)
$0.27
YoY-51.8%
QoQ+145.5%
5Y CAGR-2.7%

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%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow
-$107.2M
YoY-36.1%
QoQ-95.6%

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%.

Cash & Debt
$203.5M
YoY-3.2%
QoQ-53.3%
5Y CAGR+43.0%

Dream Finders Homes, Inc. held $203.5M in cash against $1.8B in long-term debt as of Q2 2026.

Shares Outstanding
Diluted avg 91M

Dream Finders Homes, Inc. had a weighted average of 91M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin
2.6%
YoY-2.3pp
QoQ+1.1pp
5Y change-5.2pp

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.

Return on Equity
1.9%
YoY-2.3pp
QoQ+1.0pp
5Y change-6.7pp

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.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$14.8M
YoY-7.6%
QoQ-19.8%

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%.

Capital Expenditures
$5.7M
YoY-44.5%
QoQ+8.5%
5Y CAGR+58.7%

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%.

R&D Spending

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.

DFH quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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/A101M-0.1%102M+1.8%101M+1.4%N/A101M-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.

DFH quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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%$1.8BN/AN/A$1.3BN/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.

DFH quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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 CompensationN/A$5.2M-44.7%N/AN/AN/A$9.5M+173.1%N/AN/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.

DFH quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin2.6%-2.3pp1.5%-4.1pp4.9%-3.8pp4.9%-2.2pp4.9%-2.8pp5.5%-1.0pp8.6%-1.4pp7.0%-1.5pp
Return on Equity1.9%-2.3pp0.9%-3.3pp4.1%-6.7pp3.4%-2.9pp4.2%-3.5pp4.3%-1.4pp10.8%-1.5pp6.3%-2.7pp
Return on Assets0.7%-0.9pp0.3%-1.2pp1.6%-2.5pp1.2%-0.9pp1.6%-1.2pp1.6%-0.4pp4.0%-0.4pp2.1%-1.1pp
Debt-to-Equity1.27-0.3x1.33-0.2x1.13+0.1x1.29-0.5x1.60-0.1x1.56-0.1x1.03-0.6x1.82+0.2x
Asset Turnover0.270.0x0.22-0.1x0.33-0.1x0.250.0x0.320.0x0.280.0x0.470.0x0.30-0.1x
FCF Margin-10.1%-3.2pp-6.2%-1.3pp11.2%-8.2pp-14.0%+8.1pp-6.9%+3.8pp-4.8%+25.3pp19.4%+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

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%.

Dream Finders Homes, Inc. (DFH) reported diluted earnings per share of $2.14 for fiscal year 2025. This represents a -35.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, Dream Finders Homes, Inc. (DFH) had $234.8M in cash and equivalents against $1.6B in long-term debt.

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.

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.

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.

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.

Dream Finders Homes, Inc. (DFH) had $3.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Dream Finders Homes, Inc. (DFH) invested $25.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Dream Finders Homes, Inc. (DFH) spent $41.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

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.

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.

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.

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.

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.

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.

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.

Back to top