Dream Finders Homes, Inc. (DFH) Financial Statements
Industry: Operative Builders
In fiscal 2025, Dream Finders Homes reported revenue of $4.32B, down 2.9% from $4.45B the year before. Net income was $217.2M (a 5.0% net margin), or $2.14 per diluted share. Gross margin was 100.1% and operating margin was 88.6%. Operating activities generated -$100.6M of cash, leaving -$126.4M of free cash flow. At fiscal year end, Dream Finders Homes held $3.73B in total assets against $2.12B in total liabilities, including $234.8M of cash and equivalents.
Open the full interactive Dream Finders Homes financials → Quarterly statements, key ratios, valuation history and price charts.
Dream Finders Homes Key Stats
| Share Price | $9.22 |
|---|---|
| Market Cap | $842.2M |
| P/E Ratio | 4.3 |
| Revenue YoY Growth | -2.9% |
| 52-Week Range | $8.93 – $24.17 |
| Shares Outstanding | 91.3 million (basic, 2026 Q2) |
Dream Finders Homes Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.92B | $3.34B | $3.75B | $4.45B | $4.32B |
| Cost of Goods Sold | — | — | — | — | -$5.4M |
| Gross Profit | $313.6M | $620.2M | $736.8M | — | $4.33B |
| Operating Income | $159.2M | $349.2M | $417.3M | — | $3.83B |
| Pre-Tax Income | $162.0M | $356.2M | $404.4M | $437.9M | $284.1M |
| Income Tax | $27.5M | $81.9M | $96.5M | $97.3M | $66.7M |
| Net Income | $121.1M | $262.3M | $295.9M | $335.3M | $217.2M |
| Diluted EPS | $1.27 | $2.45 | $2.79 | $3.34 | $2.14 |
Dream Finders Homes Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $969.8M | $1.21B | $887.8M | $1.06B |
| Net Income | $47.0M | $58.7M | $13.3M | $27.7M |
| Diluted EPS | $0.47 | $0.58 | $0.11 | $0.27 |
Dream Finders Homes Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $227.2M | $364.5M | $494.1M | $274.4M | $234.8M |
| Total Assets | $1.89B | $2.37B | $2.56B | $3.33B | $3.73B |
| Total Long-Term Debt | $763.3M | $966.2M | $824.3M | $996.4M | $1.61B |
| Total Liabilities | $1.34B | $1.57B | $1.48B | $1.91B | $2.12B |
| Shareholders' Equity | $556.4M | $800.7M | $1.09B | $1.24B | $1.42B |
Dream Finders Homes Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $65.1M | -$27.6M | $374.2M | -$256.6M | -$100.6M |
| Cash From Investing | -$523.0M | -$5.5M | -$4.5M | -$221.7M | -$225.8M |
| Cash From Financing | $645.9M | $147.0M | -$216.4M | $269.7M | $271.0M |
| Free Cash Flow | $62.3M | -$33.2M | $369.5M | -$282.0M | -$126.4M |
Figures from Dream Finders Homes' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Dream Finders Homes financials page for every line item.
Dream Finders Homes Company Profile
| Ticker | DFH |
|---|---|
| Exchange | NYSE |
| Industry | Operative Builders |
| Headquarters | Jacksonville, Florida |
| Incorporated in | Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001825088 |
Frequently Asked Questions
What was Dream Finders Homes' revenue in fiscal 2025?
Dream Finders Homes (DFH) reported revenue of $4.32B for fiscal 2025.
What is Dream Finders Homes' annual revenue history?
Dream Finders Homes' annual revenue by fiscal year: 2021: $1.92B; 2022: $3.34B; 2023: $3.75B; 2024: $4.45B; 2025: $4.32B.
What was Dream Finders Homes' net income in fiscal 2025?
Dream Finders Homes reported net income of $217.2M for fiscal 2025.
What was Dream Finders Homes' earnings per share (EPS) in fiscal 2025?
Dream Finders Homes' diluted EPS was $2.14 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Dream Finders Homes generate in fiscal 2025?
Dream Finders Homes generated -$126.4M of free cash flow in fiscal 2025.
What was Dream Finders Homes' revenue last quarter?
In its most recent reported quarter (2026 Q2), Dream Finders Homes reported revenue of $1.06B.
How much debt does Dream Finders Homes have?
Dream Finders Homes reported $1.61B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Dream Finders Homes are outstanding?
Dream Finders Homes reported a weighted average of 91.3 million basic shares outstanding in 2026 Q2.
What is Dream Finders Homes' market cap?
Based on its latest closing price, Dream Finders Homes (DFH) has a market capitalization of about $842.2M.
When does Dream Finders Homes' fiscal year end?
Dream Finders Homes' fiscal year end, as registered with the SEC, is December 31.
Where is Dream Finders Homes headquartered?
Dream Finders Homes lists its business address in Jacksonville, Florida in its SEC filings.