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Dream Finders Homes, Inc. (DFH) stock

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NYSE: DFH NYSE Homebuilding Next results ~January 28, 2027

E Fundamentals grade

Dream Finders Homes, Inc. is a US-listed company in the homebuilding industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$19

Valuation models combined (2)

Base case. Range ~$12–$22. Weighted average of 2 models (price-to-earnings vs peers, revenue-to-maturity model), the price-to-earnings vs peers counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Dream Finders Homes, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 1 selling8 purchases and 13 sales by directors and officers, last 12 monthsInsider trades
  • Funds117 adding, 82 cuttingOf 35 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Dream Finders Homes files

10-Q filed July 30: Dream Finders Homes

Model value +7.5%

Dream Finders Homes reported revenue of $4.13bn for the twelve months to June 2026, a 12.2% drop on the prior year. That decline has deepened from the 8.5% fall recorded a quarter earlier. Among the homebuilding companies we cover, this leaves the firm ranked 14th of 16 on growth. Profitability has also weakened: the free-cash-flow margin slipped to -3.9%, from -1.0% a year before. On a brighter note, the diluted share count has fallen 4.6% over the same period, which boosts the claim each remaining share has on the business. Taken together, our model value edges up from $18.05 to $19.40 a share. Against a share price of $9.79, the stock trades well below that estimate.

Source: 10-Q filed July 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Dream Finders Homes stands after its latest 10-K/A

Revenue for the twelve months to December 2025 was $4.13bn, down 12.2% on a year earlier, a steeper fall than the 8.5% decline a quarter earlier. That puts it 12 of 14 for growth among the homebuilding companies we cover. Free-cash-flow margin fell to -3.9% from -1.0% a year earlier. The diluted share count is down 4.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 0 of our 4 financial-health checks. Our valuation models combined value is $18.05 a share, against a share price of $10.51.

10-K/A on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Dream Finders Homes, Inc.'s trailing-twelve-month revenue fell 12.2% year on year, with a free-cash-flow margin of -3.9%. Where it lags: long-term debt as % of assets of 45.9% ranks 8 of 8 homebuilding companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 246.8% while net income fell 52.9%: a 194pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 4.6% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 12.2% over the last 12 months.
  • Burning cash. Free cash flow was -3.9% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 67% and a beta of 1.3 against the S&P 500.
  • Growth easing. The growth rate is 3.7 points lower than a quarter earlier.
  • Weak cash conversion. Free cash flow was -110% of net income over the last 12 months.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 45.9% ranks 8 of 8 homebuilding companies we cover (median 17.1%).

Latest results: FY2026 Q2

Filed July 30, 2026
Earnings per share
$0.00 against an average estimate of $0.20: missed by 100.0%
Revenue
$1.06bn, down 7.6% on a year earlier
Share reaction
+0.7% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
home closings 9250 (full year 2026)
Next report
October 29, 2026; average EPS estimate $0.46

Dream Finders Homes' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+11.8%
  • 1 week+6.3%
  • 1 month+1.9%
  • This year-36.0%
  • 1 year-44.7%
  • 5 years-29.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.1B
Net margin
3.5%
EPS (TTM, diluted)
$1.52

Growth

Revenue growth
−12.2%
Change in growth rate
−3.7 pts
Share count change
−4.6%

Cash

Free cash flow (TTM)
-$162M
FCF margin
-3.9%
Stock pay % of revenue
0.5%

Earnings

Last results
October 29, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Financing
  4. Announcement
  5. Deal
  6. Deal
  7. Financing
  8. Results
  9. Results
  10. Agreement
  11. Financing
  12. Leadership
  13. Announcement
  14. Announcement
  15. Deal
  16. Results
  17. Leadership
  18. Leadership
  19. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Dream Finders Homes, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Dream Finders Homes, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.96 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$22 ~$20–$24 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$95 ~$67–$140 Left out: out of range vs price (8.72x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$56 ~$48–$67 Left out: out of range vs price (5.14x)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$12 ~$12–$20 Included
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: earnings are positive: price-to-earnings is the better measure
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$19 ~$12–$22 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Dream Finders Homes, Inc. with Homebuilding in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$19.45$8.66$35.53$23.27$17.10$10.95
Market value$1.9bn$924m$3.8bn$2.3bn$1.7bn$1.1bn
+ Net debt (− = net cash)−$224m−$363m−$494m$1.0bn$1.4bn$1.6bn
Enterprise value$1.6bn$561m$3.3bn$3.3bn$3.1bn$2.7bn
Multiples
Price / sales 1.0x0.3x1.0x0.5x0.4x0.3x
Price / earnings 15.3x3.5x12.7x7.0x8.0x7.2x
Price / free cash flow 29.8x—10.2x———
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

44 /100

Weak moat

How hard Dream Finders Homes's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 15 / 20

    Net income has been a median 9.7% of total assets over 6 years.

  • Durability 8 / 20

    Net margin has been a median 7.1%; its worst year was 3.5%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 2 of 6 years, at a median -1.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.06 −50% $4.2bn −2%
Next $0.79 −26% $4.3bn +3%

Next year's EPS estimate has moved −49.2% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −20.5% on 90 days ago. In the last 30 days, 0 analysts raised Dream Finders Homes, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Dream Finders Homes, Inc., last 90 days
$0.60 $0.80 $1.00 $1.20 $1.40 $1.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.34 Current fiscal year, 60 days ago: $1.13 Current fiscal year, 30 days ago: $1.13 Current fiscal year, 7 days ago: $1.06 Current fiscal year, Now: $1.06 $1.06 Next fiscal year, 90 days ago: $1.54 Next fiscal year, 60 days ago: $1.19 Next fiscal year, 30 days ago: $1.19 Next fiscal year, 7 days ago: $0.79 Next fiscal year, Now: $0.79 $0.79

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.34$1.54
60 days ago $1.13$1.19
30 days ago $1.13$1.19
7 days ago $1.06$0.79
Now $1.06$0.79

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.20 $0.00 −100.0%
Jun 2026 $0.29 $0.27 −8.5%
Mar 2026 $0.20 $0.11 −45.5%
Dec 2025 $0.64 $0.58 −9.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 29, 2026
  • home closings full year 2026 about 9,250 Maintained
    “Dream Finders Homes maintains its guidance of approximately 9,250 home closings for the full year 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

2 analysts, Oct 2026
Buy00%
Hold2100%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622
  3. Aug 202622
  4. Jul 202622

Counts of recommendations published by analysts covering Dream Finders Homes, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
77.5%
of tradable shares
Days to cover
7.36
at average volume
Short interest, 1 month
+59%
to October 15, 2026
Held by institutions
96%
of shares
Held by insiders
20.2%
of shares
Employees
1,911
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −44.7%

$19.80 on October 31, 2025 to $10.95

ThenNowEffect
Revenue (last 12 months) $4.7bn $4.1bn −12.2%
Net margin 6.6% 3.5% −46.4%
P/E multiple 6.4x 7.2x +12.0%
Share count 101m 96m +4.9%

Biggest factor: net margin.

Last 3 years −51.5%

$22.59 on November 3, 2023 to $10.95

ThenNowEffect
Revenue (last 12 months) $3.6bn $4.1bn +14.8%
Net margin 7.6% 3.5% −53.3%
P/E multiple 9.0x 7.2x −19.6%
Share count 108m 96m +12.5%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
DFH−56%+310%−35%−27%−36%
Industry peers (median)−28%+88%−3%−11%+4%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
DFH42%75%50%42%55%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
DFH−64%−39%−48%−45%−65%
S&P 500−25%−10%−8%−19%−9%

Worst fall since January 21, 2021: 83% from March 28, 2024 to October 14, 2026. Getting back needed a 489% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.42 – $21.05
From 52-week high
−48.0%
vs 50-day average
−3.1%
vs 200-day average
−25.4%
Volatility (1 year)
67%
Beta vs S&P 500
1.34

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±8.1%
After a week
5 up, 6 down
typical move ±9.4%
After a month
6 up, 5 down
typical move ±12.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +0.7% −2.1% — —
July 30, 2026 −17.1% +2.4% −9.1% −4.3%
April 30, 2026 +7.8% +1.3% +1.4% +10.3%
February 23, 2026 −6.3% −0.3% −13.6% −31.3%
October 30, 2025 −8.4% −0.8% −13.3% −10.6%
July 31, 2025 −4.7% −2.0% −3.0% +5.3%
May 6, 2025 −1.8% −0.4% +6.9% −1.1%
February 25, 2025 +14.1% −0.4% +13.0% +13.6%
October 31, 2024 −1.3% −1.5% +3.9% +7.4%
August 1, 2024 −10.5% −3.3% −13.1% +6.0%
May 2, 2024 −12.4% +2.2% −14.5% −23.4%
February 29, 2024 +11.6% +1.3% +11.5% +24.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Dream Finders Homes, Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Dream Finders Homes, Inc.
$3.5B $4B $4.5B $5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3.7B Revenue (TTM), FY23 Q4: $3.7B Revenue (TTM), FY24 Q1: $3.8B Revenue (TTM), FY24 Q2: $3.9B Revenue (TTM), FY24 Q3: $4B Revenue (TTM), FY24 Q4: $4.4B Revenue (TTM), FY25 Q1: $4.6B Revenue (TTM), FY25 Q2: $4.7B Revenue (TTM), FY25 Q3: $4.7B Revenue (TTM), FY25 Q4: $4.3B Revenue (TTM), FY26 Q1: $4.2B Revenue (TTM), FY26 Q2: $4.1B $4.1B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3.7B
FY23 Q4 $3.7B
FY24 Q1 $3.8B
FY24 Q2 $3.9B
FY24 Q3 $4B
FY24 Q4 $4.4B
FY25 Q1 $4.6B
FY25 Q2 $4.7B
FY25 Q3 $4.7B
FY25 Q4 $4.3B
FY26 Q1 $4.2B
FY26 Q2 $4.1B
Revenue growth, TTM YoY Dream Finders Homes, Inc.
-20% -10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 19.9% Revenue growth, TTM YoY, FY23 Q4: 12.2% Revenue growth, TTM YoY, FY24 Q1: 10.4% Revenue growth, TTM YoY, FY24 Q2: 8.8% Revenue growth, TTM YoY, FY24 Q3: 8.6% Revenue growth, TTM YoY, FY24 Q4: 18.7% Revenue growth, TTM YoY, FY25 Q1: 21.1% Revenue growth, TTM YoY, FY25 Q2: 20.1% Revenue growth, TTM YoY, FY25 Q3: 15.9% Revenue growth, TTM YoY, FY25 Q4: -2.9% Revenue growth, TTM YoY, FY26 Q1: -8.5% Revenue growth, TTM YoY, FY26 Q2: -12.2% -12.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 19.9%
FY23 Q4 12.2%
FY24 Q1 10.4%
FY24 Q2 8.8%
FY24 Q3 8.6%
FY24 Q4 18.7%
FY25 Q1 21.1%
FY25 Q2 20.1%
FY25 Q3 15.9%
FY25 Q4 -2.9%
FY26 Q1 -8.5%
FY26 Q2 -12.2%
FCF margin (TTM) Dream Finders Homes, Inc.
-10% -5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 10.8% FCF margin (TTM), FY23 Q4: 9.9% FCF margin (TTM), FY24 Q1: 4.1% FCF margin (TTM), FY24 Q2: -1.5% FCF margin (TTM), FY24 Q3: -9.1% FCF margin (TTM), FY24 Q4: -6.3% FCF margin (TTM), FY25 Q1: -1.7% FCF margin (TTM), FY25 Q2: -1.0% FCF margin (TTM), FY25 Q3: 0.9% FCF margin (TTM), FY25 Q4: -2.9% FCF margin (TTM), FY26 Q1: -3.2% FCF margin (TTM), FY26 Q2: -3.9% -3.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 10.8%
FY23 Q4 9.9%
FY24 Q1 4.1%
FY24 Q2 -1.5%
FY24 Q3 -9.1%
FY24 Q4 -6.3%
FY25 Q1 -1.7%
FY25 Q2 -1.0%
FY25 Q3 0.9%
FY25 Q4 -2.9%
FY26 Q1 -3.2%
FY26 Q2 -3.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 744 1,134 1,924 3,342 3,749 4,450 4,323 4,134
Gross profit 103 171 314 620 737 — — —
Net income 39 79 121 262 296 335 217 147
Diluted EPS $0.00 $0.00 $1.27 $2.45 $2.79 $3.34 $2.14 $1.52
Growth (year on year)
Revenue — +52.3% +69.7% +73.7% +12.2% +18.7% −2.9% −12.2%
Net income — +101.8% +53.2% +116.5% +12.8% +13.3% −35.2% −52.9%
Diluted EPS — — — +92.9% +13.9% +19.7% −35.9% −50.6%
Margins
Gross margin 13.8% 15.1% 16.3% 18.6% 19.7% — — —
Net margin 5.3% 7.0% 6.3% 7.8% 7.9% 7.5% 5.0% 3.5%
Free-cash-flow margin 3.7% 8.3% 3.2% −1.0% 9.9% −6.3% −2.9% −3.9%
Cash flow
Cash from operations 30 97 65 −28 374 −257 −101 −138
Capital spending 3 3 3 6 5 25 26 23
Free cash flow 28 94 62 −33 369 −282 −126 −162
Stock-based pay 1 1 5 7 14 19 25 21
Free cash flow after stock pay 27 93 57 −40 355 −301 −151 −183
Balance sheet
Cash 51 44 227 365 494 274 235 203
Total debt 0 30 3 1 0 1,286 1,606 1,817
Net debt (negative = net cash) −51 −14 −224 −363 −494 1,012 1,371 1,614
Diluted shares — — 95m 107m 106m 100m 101m 96m
Returned to shareholders
Buybacks — — — 0 0 8 42 52
Total returned — — — 0 0 8 42 52

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 4 checks passed · June 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $203m of cash against $1.8bn of debt.
  • Debt below 40% of shareholders' equity Debt is 127% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1% to 127% over five years.
  • A year's operating cash flow covers at least 20% of debt −$138m of operating cash flow against $1.8bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Dream Finders Homes, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$52M
Returned to shareholders
-32%
of free cash flow
Buybacks, last 3 fiscal years
$49.5M
Diluted share count
−4.6%
year over year
Total shareholder yield
5.2%
dividends 0.0% + buybacks 5.2% of market value
Sales & admin spending
11.4%
of revenue

Competitors: side by side with peers

Closest by revenue in homebuilding
Last 12 months unless stated DFH MHO CCS KBH IBP SKY Median
Revenue, last 12 months $4.1bn $4.2bn $3.8bn $5.2bn $3.0bn $2.7bn $3.8bn
Revenue growth, last 12 months −12.2% −6.0% −8.2% −20.8% 0.3% 4.5% −7.1%
Revenue growth, 3-year average 4.7% −0.6% 1.3% −8.1% 2.4% 4.4% −0.6%
Revenue growth, latest quarter −7.6% −4.9% −11.8% −20.0% 2.3% 1.3% −6.2%
Gross margin 19.8% 20.7% 17.7% 19.1% 33.6% 26.0% 21.1%
Operating margin — 8.2% 7.2% 7.6% 12.4% 8.7% 9.1%
Operating margin, 3-year average — 12.4% 7.9% 6.1% 12.8% 8.9% 12.0%
Net margin 3.5% 6.6% 2.9% 4.4% 8.5% 7.2% 7.2%
Cash from operations / revenue −3.3% 3.6% −1.5% 1.4% 12.1% 11.3% 7.8%
Free-cash-flow margin −3.9% 3.3% −2.3% 0.6% 9.8% 10.0% 7.7%
Free-cash-flow margin, 3-year average −2.1% 3.9% −0.8% 3.3% 9.8% 8.4% 5.8%
Stock pay / revenue 0.5% 0.4% 0.4% 0.6% 0.7% 0.8% 0.5%
Change in share count −4.6% −4.8% −6.4% −11.8% −2.9% −3.3% −4.8%

Median of all 17 companies we cover in homebuilding. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 homebuilding companies
Measure Company Peer median Rank
Revenue growth Growth -12.2% -7.1% 15 of 17
Change in growth rate Growth -3.7pp -0.6pp 16 of 17
Net margin Profitability 3.5% 7.2% 14 of 17
Free-cash-flow margin Cash generation -3.9% 7.7% 16 of 17
Stock pay as % of revenue Cash generation 0.5% 0.5% 11 of 17
Long-term debt as % of assets Balance sheet 45.9% 17.1% 8 of 8
Change in share count Balance sheet -4.6% -4.8% 10 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Home Building $4.1B 95.9% ▼ 5.7%
Financial Service $178M 4.1% ▲ 241.5%

From Dream Finders Homes, Inc.'s 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$535M
Institutions reporting
202
Shares held vs prior quarter
▲ 1.9%
Positions opened / closed
40 / 29

Top buyers and sellers, Q2 2026: 117 institutions bought and 82 sold ; the biggest buyer was Point72 Asset Management, L.P (+397K shares) and the biggest seller Kayne Anderson Rudnick Investment Management LLC (−1.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $83.1M 4.8M 15.5% ▲ 3.0%
Kayne Anderson Rudnick Investment Management LLC $53M 3.1M 9.9% ▼ 28.0%
Jupiter Topco LLC $33.2M 1.9M 6.2% —
Cooke & Bieler LP $32.3M 1.9M 6.0% ▼ 32.7%
State Street Corp $29.5M 1.7M 5.5% ▲ 1.2%
Dimensional Fund Advisors LP $26.7M 1.5M 5.0% ▲ 6.7%
Vanguard Portfolio Management LLC $25.3M 1.5M 4.7% ▼ 0.3%
Vanguard Capital Management LLC $20.8M 1.2M 3.9% ▼ 3.0%
Elgethun Capital Management $14.1M 819K 2.6% ▲ 62.1%
Geode Capital Management, LLC $12.6M 729K 2.4% ▲ 1.5%
Morgan Stanley $11.1M 643K 2.1% ▲ 85.3%
Invesco Ltd. $9.4M 546K 1.8% ▲ 9.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Dream Finders Homes, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1.4M 8 trades by 2 insiders, last 12 months Insider sales History → $10.2M 13 trades by 1 insider · 0% under pre-set plans
Net ▼ $8.8M net selling
Insider Date Trade Shares Price Value
Beckwitt Richard Director September 10, 2026 Buy 10,000 $12.07 $120,700
Sturm Len Director September 3, 2026 Buy 1,500 $13.47 $20,205
Sturm Len Director August 26, 2026 Buy 1,000 $14.72 $14,720
Sturm Len Director August 24, 2026 Buy 250 $14.75 $3,688
Sturm Len Director August 21, 2026 Buy 250 $14.81 $3,702
Beckwitt Richard Director August 13, 2026 Buy 12,000 $14.80 $177,600
Beckwitt Richard Director August 12, 2026 Buy 8,000 $13.83 $110,640
Beckwitt Richard Director August 11, 2026 Buy 70,000 $13.95 $976,500
Lovett William Radford Ii 10% owner June 24, 2026 Sell 54,140 $16.70 $904,138
Lovett William Radford Ii 10% owner June 24, 2026 Sell 2,450 $16.00 $39,200
Lovett William Radford Ii 10% owner June 22, 2026 Sell 21,962 $15.00 $329,430
Lovett William Radford Ii 10% owner June 18, 2026 Sell 85,057 $15.52 $1.3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • April 30, 2026
  • February 23, 2026
  • October 30, 2025
  • July 31, 2025

Recent SEC filings

Data status

When each part of this page on Dream Finders Homes, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Dream Finders Homes, Inc. in brief

What does Dream Finders Homes, Inc. do?
Dream Finders Homes, Inc. is a US-listed company in the homebuilding industry. Its financial year ends in December.
What is Dream Finders Homes, Inc.'s stock ticker?
Dream Finders Homes, Inc. trades under the ticker DFH on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Dream Finders Homes, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Dream Finders Homes, Inc. reported revenue of $4.1B, 12.2% lower than a year earlier, according to its SEC filings.
What is Dream Finders Homes, Inc.'s free cash flow?
Dream Finders Homes, Inc.'s free-cash-flow margin is -3.9% of revenue over the trailing twelve months, ranking 16 of the 17 homebuilding companies we cover.
Who are Dream Finders Homes, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Kayne Anderson Rudnick Investment Management LLC and Jupiter Topco LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Dream Finders Homes, Inc. buying back stock, and does it pay a dividend?
Dream Finders Homes, Inc. spent $52M on share repurchases over the trailing twelve months, and its diluted share count fell 4.6% over the year.
What is Dream Finders Homes, Inc.'s market cap?
On November 2, 2026, Dream Finders Homes, Inc.'s market capitalisation was about $1.1B, with a price-to-earnings ratio of 7.2 and net debt of $1.6B. Market figures come from third-party market data and may be delayed.
How much debt does Dream Finders Homes, Inc. have?
Dream Finders Homes, Inc.'s debt-to-equity ratio is 126.9%, from its latest balance sheet (0.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Dream Finders Homes, Inc.'s competitors?
In our Homebuilding peer group, the companies closest to Dream Finders Homes, Inc. are M/i Homes, Inc., Century Communities, Inc., KB Home, Installed Building Products, Inc. and Champion Homes, Inc. The side-by-side comparison below sets their revenue, margins and growth against Dream Finders Homes, Inc.'s.
Are insiders buying or selling Dream Finders Homes, Inc. stock?
Over the last 12 months, Dream Finders Homes, Inc.'s directors and officers reported 8 open-market purchases and 13 sales on Form 4. The insider trading page charts every trade.
When is Dream Finders Homes, Inc.'s next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Dream Finders Homes, Inc. announces its own schedule.