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Financials · DFH

Dream Finders Homes Inc. (DFH) financials

For the twelve months ended Sep 30, 2026, Dream Finders Homes Inc. reported $4.16B of revenue and $106.35M of net income.

Revenue, TTM
$4.16B
Revenue growth, YoY
-10.9%
Net income, TTM
$106.35M
Net income growth, YoY
-63.0%
Net margin
2.6%
Free cash flow, TTM
-$184.52M
EPS, diluted, TTM
$0.95
EPS growth, YoY
-66.7%
Cash
$245.65M
Total debt
$2.00B
P/E
10.56
P/S
0.27
Market cap
$1.12B
Annual revenue$4.32B
FY2019FY2025
Annual net income$217.20M
FY2019FY2025
Annual free cash flow-$126.37M
FY2019FY2025

DFH revenue and earnings growth

DFH revenueQ3 2026$996.05M

Quarter YoY
+2.7%
QoQ
-6.3%
FY YoY
-2.9%
5Y CAGR
+30.7%

DFH revenue was $996.05M in fiscal Q3 2026 (ended Sep 30, 2026), up 2.7% from a year earlier and down 6.3% from the prior quarter. For the full fiscal 2025 it was $4.32B, down 2.9% from fiscal 2024. Compound annual growth was +30.7% over 5 years. It rose in 5 of the last 6 fiscal years.

DFH net incomeQ3 2026$6.65M

Quarter YoY
-85.8%
QoQ
-76.0%
FY YoY
-35.2%
5Y CAGR
+22.4%

DFH net income was $6.65M in fiscal Q3 2026 (ended Sep 30, 2026), down 85.8% from a year earlier and down 76.0% from the prior quarter. For the full fiscal 2025 it was $217.20M, down 35.2% from fiscal 2024. Compound annual growth was +22.4% over 5 years. It rose in 5 of the last 6 fiscal years.

DFH EPSQ3 2026$0.00

Quarter YoY
-100.0%
QoQ
-100.0%
FY YoY
-35.9%

DFH diluted EPS was $0.00 in fiscal Q3 2026 (ended Sep 30, 2026), down 100.0% from a year earlier and down 100.0% from the prior quarter. For the full fiscal 2025 it was $2.14, down 35.9% from fiscal 2024.

DFH free cash flowQ3 2026-$158.50M

DFH free cash flow was -$158.50M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$135.73M a year earlier. For the full fiscal 2025 it was -$126.37M, compared with -$281.99M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$4.32B$4.45B$3.75B$3.34B$1.92B$1.13B$744.29M
Cost of revenue--$3.01B$2.72B$1.61B$962.93M$641.34M
Gross profit--$736.77M$620.20M$313.58M$170.88M$102.95M
Selling, general and admin$485.21M$395.10M$302.79M$266.06M$154.41M$90.36M$63.57M
Interest expense---$32.0K$672.0K$871.0K$221.4K
Pre-tax income$284.10M$437.85M$404.43M$356.16M$162.05M$84.51M$44.90M
Income tax$66.70M$97.27M$96.48M$81.86M$27.45M$0$0
Net income$217.20M$335.34M$295.90M$262.31M$121.13M$79.09M$39.19M
EPS, basic$2.19$3.44$3.03$2.67$1.27$0.00$0.00
EPS, diluted$2.14$3.34$2.79$2.45$1.27$0.00$0.00
Diluted shares101.3M100.3M106.0M106.7M95.3M00

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$234.77M$339.82M$494.14M$395.13M$281.32M$93.37M$75.32M
Inventory----$1.07B$484.37M-
Goodwill$377.36M$300.31M$172.21M$172.21M$171.93M$28.57M-
Total assets$3.73B$3.33B$2.56B$2.37B$1.89B$733.68M-
Total debt$1.61B$1.29B--$3.29M$29.65M-
Total liabilities$2.12B$1.91B$1.48B$1.57B$1.34B$521.66M-
Shareholders' equity$1.42B$1.25B$937.65M$644.65M$401.16M--

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$100.57M-$256.65M$374.23M-$27.62M$64.97M$96.91M$30.43M
Capital expenditures$25.79M$25.34M$4.78M$5.54M$2.77M$2.92M$2.89M
Free cash flow-$126.37M-$281.99M$369.45M-$33.17M$62.20M$93.99M$27.54M
Investing cash flow-$225.84M-$221.67M-$4.48M-$5.52M-$523.04M-$13.03M-$17.82M
Financing cash flow$270.98M$269.69M-$216.42M$146.96M$646.02M-$65.83M$26.08M
Share repurchases$41.70M$7.83M$0$0---
Stock-based compensation$24.92M$18.79M$14.10M$6.80M$5.23M$947.0K$895.0K
Depreciation and amortization$15.08M$10.23M$10.65M$11.25M$6.07M$4.01M$3.04M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY-2.9%18.7%12.2%73.7%69.7%52.3%-
Net income growth, YoY-35.2%13.3%12.8%116.5%53.2%101.8%-
EPS growth, YoY-35.9%19.7%13.9%92.9%---
Gross margin--19.7%18.6%16.3%15.1%13.8%
Net margin5.0%7.5%7.9%7.8%6.3%7.0%5.3%
Free cash flow margin-2.9%-6.3%9.9%-1.0%3.2%8.3%3.7%
Return on equity15.2%26.8%31.6%40.7%30.2%--
Return on assets5.8%10.1%11.5%11.1%6.4%10.8%-
Debt to equity1.131.03--0.01--

Source: XBRL data Dream Finders Homes Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DFH peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DFH$4.16B-10.9%$106.35M2.6%$1.12B
DHI$33.35B-3.5%$3.07B9.2%$42.59B
PHM$15.98B-9.3%$1.80B11.2%$24.39B
LEN$31.97B-8.0%$1.31B4.1%$21.11B
LEN.B$31.97B-8.0%$1.31B4.1%$20.66B
NVR$9.32B-10.8%$1.05B11.2%$16.66B
TOL$10.76B-1.1%$1.20B11.1%$14.06B
IBP$2.99B+0.7%$235.70M7.9%$5.85B
SKY$2.72B+3.5%$185.83M6.8%$4.91B

DFH FAQ

8 questions
  • What is DFH revenue?
    Dream Finders Homes Inc. (DFH) reported $4.16B of revenue for the twelve months ended Sep 30, 2026. That is down 10.9% from the year before. Revenue for fiscal 2025 was $4.32B.
  • Is DFH profitable?
    Yes. Dream Finders Homes Inc. earned $106.35M in net income for the twelve months ended Sep 30, 2026, a net margin of 2.6%.
  • How much cash and debt does DFH have?
    Dream Finders Homes Inc. reported $245.65M in cash and cash equivalents and $2.00B of debt on its most recent balance sheet in SEC filings.
  • How fast is DFH revenue growing?
    Dream Finders Homes Inc.'s revenue changed -2.9% in fiscal 2025, to $4.32B. Its compound annual growth rate was +30.7% over 5 years.
  • What is DFH free cash flow?
    Dream Finders Homes Inc. generated -$184.52M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$160.73M less capital expenditures.
  • What is DFH earnings per share?
    Diluted earnings per share were $0.95 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did DFH last report financial results?
    The latest statements here come from Dream Finders Homes Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this DFH financial data come from?
    Quantisnow builds these statements from the structured XBRL data Dream Finders Homes Inc. files with the SEC. It is provided for information only and is not investment advice.