Dream Homes Financials
This page shows Dream Homes (DREM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
FY2025 shows inventory turning into cash: sales accelerated, but the bigger operating shift was a working-capital release.
The jump from-$774K of operating cash burn in FY2024 to$3.95M of operating cash generation in FY2025 says the year was driven more by working-capital release than by reported earnings. Inventory fell from$7.37M to$4.91M , so FY2025 looks like a cash harvest from projects accumulated earlier rather than a clean step-up in underlying unit economics.
Margin shape matters more than top-line growth here: gross margin dropped from
Balance-sheet pressure eased, but it did not disappear. The current ratio improved from 1.5x to 1.6x, and total liabilities fell by about
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Dream Homes's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Dream Homes has an operating margin of 11.0%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 55/100, indicating healthy but not exceptional operating efficiency. This is down from 30.2% the prior year.
Dream Homes's revenue surged 102.5% year-over-year to $10.1M, reflecting rapid business expansion. This strong growth earns a score of 89/100.
Dream Homes has elevated debt relative to equity (D/E of 3.98), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 21/100, reflecting increased financial risk.
Dream Homes's current ratio of 1.62 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Dream Homes's ROE of 30.2% shows moderate profitability relative to equity, earning a score of 48/100. This is up from 15.8% the prior year.
Dream Homes scores 2.11, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Dream Homes passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Dream Homes generates $9.44 in operating cash flow ($3.9M OCF vs $418K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Dream Homes earns $12.4 in operating income for every $1 of interest expense ($1.1M vs $89K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Dream Homes generated $10.1M in revenue in fiscal year 2025. This represents an increase of 102.5% from the prior year.
Dream Homes's EBITDA was $1.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 24.9% from the prior year.
Dream Homes reported $418K in net income in fiscal year 2025. This represents an increase of 11.2% from the prior year.
Dream Homes earned $0.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Cash & Balance Sheet
Dream Homes held $899K in cash against $0 in long-term debt as of fiscal year 2025.
Dream Homes had 49M shares outstanding in fiscal year 2025. This represents an increase of 2.4% from the prior year.
Margins & Returns
Dream Homes's gross margin was 20.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 24.6 percentage points from the prior year.
Dream Homes's operating margin was 11.0% in fiscal year 2025, reflecting core business profitability. This is down 19.2 percentage points from the prior year.
Dream Homes's net profit margin was 4.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.4 percentage points from the prior year.
Dream Homes's ROE was 30.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 14.4 percentage points from the prior year.
Capital Allocation
DREM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M+3.1% | $3.0M+62.2% | $1.9M-12.3% | $2.1M+220.4% | $659K-69.8% | $2.2M+231.8% | $658K-55.4% | $1.5M |
| Cost of Revenue | $4.6M+635.5% | $628K-42.5% | $1.1M-33.2% | $1.6M+479.1% | -$431K-156.6% | $761K-33.2% | $1.1M-8.1% | $1.2M |
| Gross Profit | -$1.5M-163.8% | $2.4M+212.2% | $762K+59.2% | $478K-56.1% | $1.1M-23.3% | $1.4M+395.0% | -$482K-306.4% | $233K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $341K+83.9% | $185K-8.2% | $202K-17.8% | $246K+92.8% | $127K+19.1% | $107K-44.8% | $194K-41.6% | $332K |
| Operating Income | -$1.9M-185.2% | $2.2M+294.8% | $554K+144.0% | $227K-76.3% | $959K-27.0% | $1.3M+294.6% | -$675K-587.1% | -$98K |
| Interest Expense | $11K-81.0% | $58K+1948.4% | $3K-82.7% | $16K+136.4% | -$45K-212.5% | $40K-41.1% | $68K+258.9% | $19K |
| Income Tax | N/A | -$52K | N/A | $82K | N/A | N/A | N/A | N/A |
| Net Income | $51K-83.2% | $302K+316.4% | $73K+1089.2% | -$7K-102.3% | $317K-65.8% | $926K+224.4% | -$744K-506.6% | -$123K |
| EPS (Diluted) | N/A | $0.04+300.0% | $0.01 | $0.00 | N/A | $0.02+200.0% | $-0.02 | $0.00 |
DREM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.2M-21.0% | $9.2M-0.2% | $9.2M-4.0% | $9.6M-17.0% | $11.5M+20.7% | $9.5M+1.1% | $9.4M-5.2% | $10.0M |
| Current Assets | $6.0M-2.5% | $6.1M+1.7% | $6.0M-8.3% | $6.6M-23.4% | $8.6M+255.9% | $2.4M-1.9% | $2.5M-19.6% | $3.1M |
| Cash & Equivalents | $899K+94.2% | $463K+35.7% | $341K+1.9% | $335K-68.2% | $1.1M-41.8% | $1.8M-3.0% | $1.9M-23.8% | $2.5M |
| Inventory | $4.9M-10.1% | $5.5M-0.9% | $5.5M-9.0% | $6.1M-17.8% | $7.4M | N/A | N/A | N/A |
| Accounts Receivable | $150K-22.1% | $192K+20.5% | $160K-3.2% | $165K+15.7% | $143K-8.1% | $155K+7.0% | $145K-12.4% | $165K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.5M-41.4% | $9.4M+33.1% | $7.1M+5.1% | $6.7M-22.1% | $8.6M+15.6% | $7.5M-21.9% | $9.6M+2.4% | $9.3M |
| Current Liabilities | $3.7M-7.6% | $4.0M-11.3% | $4.5M+5.4% | $4.3M-25.1% | $5.7M+12.9% | $5.0M+33.3% | $3.8M+18.8% | $3.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.4M+662.0% | -$247K-120.9% | $1.2M-45.6% | $2.2M-9.2% | $2.4M+15.3% | $2.1M+1714.0% | -$128K-120.8% | $616K |
| Retained Earnings | -$1.2M-20.6% | -$991K+23.4% | -$1.3M+5.3% | -$1.4M-0.5% | -$1.4M+18.9% | -$1.7M+35.6% | -$2.6M-40.1% | -$1.9M |
DREM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$457K-120.9% | $2.2M+93.1% | $1.1M+4.6% | $1.1M+201.3% | -$1.1M-223.7% | $865K+290.6% | -$454K-295.4% | -$115K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $416K+355.5% | -$163K+4.8% | -$171K-205.4% | -$56K-37.1% | -$41K+57.2% | -$95K-49.7% | -$64K+34.5% | -$97K |
| Financing Cash Flow | $477K+125.1% | -$1.9M-99.2% | -$956K+45.3% | -$1.7M-594.7% | $353K+142.8% | -$826K-1144.3% | -$66K-36.2% | -$49K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DREM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -48.9%-128.0pp | 79.1%+38.0pp | 41.1%+18.5pp | 22.7%-142.7pp | 165.4%+100.2pp | 65.1%+138.4pp | -73.3%-89.1pp | 15.8% |
| Operating Margin | -60.1%-132.9pp | 72.8%+42.9pp | 29.9%+19.1pp | 10.8%-134.8pp | 145.5%+85.3pp | 60.2%+162.9pp | -102.7%-96.0pp | -6.7% |
| Net Margin | 1.6%-8.4pp | 10.1%+6.1pp | 3.9%+4.3pp | -0.4%-48.4pp | 48.1%+5.6pp | 42.4%+155.5pp | -113.1%-104.8pp | -8.3% |
| Return on Equity | 3.7% | N/A | 6.2%+6.5pp | -0.3%-13.6pp | 13.3%-31.5pp | 44.7% | N/A | -19.9% |
| Return on Assets | 0.7%-2.6pp | 3.3%+2.5pp | 0.8%+0.9pp | -0.1%-2.8pp | 2.8%-7.0pp | 9.7%+17.6pp | -7.9%-6.6pp | -1.2% |
| Current Ratio | 1.62+0.1 | 1.53+0.2 | 1.34-0.2 | 1.54+0.0 | 1.50+1.0 | 0.48-0.2 | 0.65-0.3 | 0.96 |
| Debt-to-Equity | 3.98+42.1 | -38.15-44.2 | 6.00+2.9 | 3.11-0.5 | 3.620.0 | 3.61+78.3 | -74.64-89.8 | 15.17 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Dream Homes's annual revenue?
Dream Homes (DREM) reported $10.1M in total revenue for fiscal year 2025. This represents a 102.5% 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 Homes's revenue growing?
Dream Homes (DREM) revenue grew by 102.5% year-over-year, from $5.0M to $10.1M in fiscal year 2025.
Is Dream Homes profitable?
Yes, Dream Homes (DREM) reported a net income of $418K in fiscal year 2025, with a net profit margin of 4.2%.
What is Dream Homes's EBITDA?
Dream Homes (DREM) had EBITDA of $1.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Dream Homes's gross margin?
Dream Homes (DREM) had a gross margin of 20.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dream Homes's operating margin?
Dream Homes (DREM) had an operating margin of 11.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Dream Homes's net profit margin?
Dream Homes (DREM) had a net profit margin of 4.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dream Homes's return on equity (ROE)?
Dream Homes (DREM) has a return on equity of 30.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dream Homes's operating cash flow?
Dream Homes (DREM) generated $3.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dream Homes's total assets?
Dream Homes (DREM) had $7.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Dream Homes's current ratio?
Dream Homes (DREM) had a current ratio of 1.62 as of fiscal year 2025, which is generally considered healthy.
What is Dream Homes's debt-to-equity ratio?
Dream Homes (DREM) had a debt-to-equity ratio of 3.98 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dream Homes's return on assets (ROA)?
Dream Homes (DREM) 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 Homes's Altman Z-Score?
Dream Homes (DREM) has an Altman Z-Score of 2.11, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dream Homes's Piotroski F-Score?
Dream Homes (DREM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 Homes's earnings high quality?
Dream Homes (DREM) has an earnings quality ratio of 9.44x, considered cash-backed (high quality). 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.
Can Dream Homes cover its interest payments?
Dream Homes (DREM) has an interest coverage ratio of 12.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Dream Homes?
Dream Homes (DREM) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.