DFH: Dream Finders Q3 revenue rose to $996M; buyback extended to 2027
Q3 revenue $996M vs $970M y/y; nine-month revenue $2.95B vs $3.11B; Mid-Atlantic margin down 200 bps to 15.1%.
What this filing says
The filing is Dream Finders Homes' quarterly report for the period ended September 30, 2026. Total revenues were $996,049 thousand for the quarter, up from $969,804 thousand a year earlier, while nine-month revenue fell to $2,947,312 thousand from $3,110,180 thousand. The Mid-Atlantic segment's homebuilding revenue dipped 2%, as lower average selling prices from more built-for-rent closings offset higher closing volume and gross margin fell 200 bps.
Key figures
- Q3 total revenues
- $996,049 thousand
- Nine-month total revenues
- $2,947,312 thousand
- Mid-Atlantic Q3 homebuilding revenue
- $237 million
- Mid-Atlantic gross margin
- 15.1%
- Share buyback limit
- $100.0 million
- Shares outstanding
- 32,808,965 shares
Positive for shareholders
- Quarterly total revenues rose compared with the same quarter last year.
- Title and other services revenue for the nine months rose to $108 million, mainly from the Alliant National Title acquisition.
- The buyback limit was raised to $100.0 million and the repurchase window runs through June 30, 2027.
Negative for shareholders
- Nine-month total revenues declined compared with the prior year period.
- Mid-Atlantic gross margin fell 200 bps to 15.1%.
- Title services income before taxes fell 44% to $5 million on integration and restructuring costs.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- ASP:
- Average selling price, the average price a builder receives per home closed.
- Built-for-rent:
- Homes built and sold to an investor who rents them out, usually at lower average prices than retail buyers pay.
- EBITDA:
- Earnings before interest, taxes, depreciation and amortization, a non-GAAP measure of operating performance.
- Percentage of completion contracts:
- Accounting method where revenue is recognized as construction progresses, used here for homes built on buyer-owned land.
FAQ
How did Dream Finders Homes perform in the third quarter of 2026?
Total revenues were $996,049 thousand, compared with $969,804 thousand in the same quarter of 2025.
Why did Dream Finders' Mid-Atlantic revenue decline?
The filing says the decline was mainly due to a 5% drop in average selling price from more built-for-rent closings, partly offset by a 4% rise in home closings.
How much can Dream Finders spend on share buybacks?
The repurchase limit under the share buyback program was increased to $100.0 million, with repurchases allowed through June 30, 2027.
Historical context for DFH
Across the 20 sessions after earlier DFH headlines, the stock closed higher 8 times and lower 12 times, with a median move of 3.1% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | DFH | SPY |
|---|---|---|---|
| Oct 29, 2026 | Dream Finders Homes Announces Third Quarter 2026 Results | +3.3% | -0.4% |
| Oct 23, 2026 | Dream Finders Homes Commences Private Exchange Offer and Consent Solicitation for Beazer Homes USA, Inc.’s Outstanding 7.500% Senior Notes due 2031 and 8.000% Senior Notes due 2032 | +1.3% | -0.5% |
| Oct 20, 2026 | Dream Finders Homes Completes Acquisition of Beazer Homes | +10.9% | +0.3% |
| Oct 16, 2026 | Beazer Homes Stockholders Overwhelmingly Vote to Approve Dream Finders’ Acquisition of Beazer Homes | +4.1% | -1.1% |
| Sep 18, 2026 | Dream Finders Homes, Inc. Announces Results of Consent Solicitation for Beazer Homes USA, Inc.’s 8.000% Senior Notes Due 2032 | -3.1% | -0.1% |
| Sep 16, 2026 | Dream Finders Announces Results of Consent Solicitations for Beazer’s 7.500% Senior Notes Due 2031 and 8.000% Senior Notes Due 2032 and Amendment and Extension of Consent Solicitation with Respect to 8.000% Senior Notes Due 2032 | -4.2% | -0.4% |
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Homebuilding
- Listed since
- 2022
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