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MARKETS / NYSE / DFH
NYSE · OPERATIVE BUILDERS · MID CAP

Dream Finders Homes, Inc. DFH

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.3B
▼ 2.9% YoY
$217.2M
▼ 35.2% YoY
$-126.4M
In brief

What this company does

Dream Finders Homes, Inc. designs, builds and sells homes primarily in high-growth markets, using an asset-light lot acquisition strategy. Its primary focus is on constructing and selling single-family homes across entry-level, first-time move-up, second-time move-up and active adult homes, and it also sells homes to third-party investors that intend to lease the homes under built-for-rent contracts. Since breaking ground on its first home on January 1, 2009, the company has closed over 46,500 homes through December 31, 2025. As of December 31, 2025, it had 1,911 full-time employees, inclusive of 395 employees related to its financial services operations. Its homebuilding operations are organized into four reportable segments: Southeast, Mid-Atlantic, Midwest and Financial Services. Dream Finders Homes, Inc. is a Delaware corporation incorporated on September 11, 2020.

Written from the business description in Dream Finders Homes, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.3B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.3 · Net income 0.2
2B4B2019202020212022202320242025
Compound annual growth
+9.0%
+30.7%
−6.1%
+22.4%
−4.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +30.7% a year over five years — but profit grew slower: net income at +22.4%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 6.6% · Net 5.0%
5%10%2019202020212022202320242025
ROE
FY2025 · ROE 16.3%
10%20%30%2019202020212022202320242025

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders
USD 41.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -126.4
200M-100M-200M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 41.7
20M40M2022202320242025

USD 41.7M in buybacks — 19% of the year's profit went back to shareholders.

Total assetsUSD 3.7B
EquityUSD 1.4B
CashUSD 234.8M
Gross debtUSD 1.6B
Net debtUSD 1.4B

Net debt stands at 96% of equity.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B4.34.43.73.31.91.10.7
Operating income $B0.30.40.40.40.20.10.0
EBITDA $B0.30.40.40.40.20.10.0
Income tax $B0.10.10.10.10.00.00.0
Net income $B0.20.30.30.30.10.10.0
Free cash flow $B−0.1−0.30.4−0.00.10.10.0
EPS, diluted $2.143.342.792.451.270.000.00
Dividend / sh $·······
Payout %·······
ROE %16.330.932.0····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 53 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityOperative Builders
Listed onNYSE
Incorporated inTexas
Fiscal year endsDecember 31
Data on record since2019

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