Dream Finders Homes, Inc. balance sheet
At the end of fiscal 2025, Dream Finders Homes, Inc. had total assets of $3.73bn, total liabilities of $2.12bn and shareholders' equity of $1.42bn. It held $235m in cash against $1.61bn of debt: net debt of $1.37bn.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 51 | 44 | 227 | 365 | 494 | 274 | 235 | 203 |
| Inventory | — | 484 | 1,067 | — | — | — | — | — |
| Goodwill | — | 29 | 172 | 172 | 172 | 300 | 377 | 377 |
| Total assets | — | 734 | 1,894 | 2,371 | 2,562 | 3,329 | 3,727 | 3,960 |
| Deferred revenue (current) | — | — | 4 | 2 | 1 | 1 | 1 | — |
| Long-term debt | — | 30 | 3 | — | — | 1,286 | 1,606 | 1,817 |
| Total debt | 0 | 30 | 3 | 1 | 0 | 1,286 | 1,606 | 1,817 |
| Total liabilities | — | 522 | 1,338 | 1,570 | 1,476 | 1,908 | 2,123 | 2,348 |
| Shareholders' equity | — | — | 401 | 645 | 925 | 1,245 | 1,425 | 1,432 |
| Non-controlling interests and other (assets − liabilities − equity) | — | — | 155 | 156 | 162 | 175 | 180 | 180 |
| Net debt (negative = net cash) | −51 | −14 | −224 | −363 | −494 | 1,012 | 1,371 | 1,614 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 300 | 300 | 346 | 378 | 375 | 377 | 377 | 377 |
| Total assets | 3,325 | 3,329 | 3,488 | 3,650 | 3,835 | 3,727 | 3,973 | 3,960 |
| Deferred revenue (current) | — | 1 | — | — | — | 1 | — | — |
| Long-term debt | — | 1,286 | — | — | 1,766 | 1,606 | 1,889 | 1,817 |
| Total debt | — | 1,286 | — | — | 1,766 | 1,606 | 1,889 | 1,817 |
| Total liabilities | 2,035 | 1,908 | 2,017 | 2,136 | 2,283 | 2,123 | 2,378 | 2,348 |
| Shareholders' equity | 1,115 | 1,245 | 1,292 | 1,334 | 1,373 | 1,425 | 1,415 | 1,432 |
| Non-controlling interests and other (assets − liabilities − equity) | 175 | 175 | 179 | 180 | 179 | 180 | 180 | 180 |
Compare with peers
- M/i Homes, Inc. balance sheet
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- Installed Building Products, Inc. balance sheet
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Head to head: DFH vs MHOCCS vs DFHDFH vs KBH
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