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).
Working-capital swings, especially inventory build and release, dominated cash generation more than the income statement did.
FY2024’s positive net income of$376K coincided with operating cash flow of-$774K , so reported profit was tied up in working capital rather than collected in cash. FY2025 then produced$3.95M of operating cash flow and-$4.13M of financing outflow, a combination that points to cash being released from prior inventory commitments and used to reduce outside funding.
The margin profile changed far more than sales alone would imply: gross margin reached
Short-term flexibility is materially better than in the earlier years: the current ratio moved from 1.0x in FY2023 to 1.6x in FY2025, so near-term obligations appear less likely to squeeze operations. Even after that repair, leverage remains part of the model; debt-to-equity was 4.0x in FY2025 versus 15.8x in FY2021, which means the modest equity base still magnifies reported return measures.
Financial Health Signals
We are recalculating Dream Homes's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Dream Homes scores 2.08, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Dream Homes passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 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 | N/A | 6.00+2.9 | 3.11-0.5 | 3.620.0 | 3.61 | N/A | 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 2.08, 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 8 computable signals; 1 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 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.