Dream Finders Homes, Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 24, 2026
DFH$12.86+3.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except per share and share amounts)
| December 31, 2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $234,766 | $274,384 |
| Restricted cash | 49,624 | 65,441 |
| Accounts receivable | 39,120 | 34,126 |
| Inventories | 2,025,662 | 1,715,357 |
| Lot deposits | 545,253 | 458,303 |
| Mortgage loans held for sale | 205,089 | 303,393 |
| Other assets | 223,999 | 165,880 |
| Investments in unconsolidated entities | 26,610 | 11,454 |
| Goodwill | 377,361 | 300,313 |
| Total assets | $3,727,484 | $3,328,651 |
| Liabilities | ||
| Accounts payable | $126,130 | $147,143 |
| Accrued liabilities | 321,457 | 281,465 |
| Customer deposits | 69,593 | 125,601 |
| Revolving credit facility and other borrowings | 822,296 | 701,386 |
| Senior unsecured notes, net | 591,060 | 295,049 |
| Mortgage warehouse facilities | 192,837 | 289,617 |
| Contingent consideration | — | 68,030 |
| Total liabilities | 2,123,373 | 1,908,291 |
| Commitments and contingencies (Note 7) | ||
| Mezzanine Equity | ||
| Redeemable preferred stock | 148,500 | 148,500 |
| Redeemable noncontrolling interests | 29,539 | 21,451 |
| Equity | ||
| Class A common stock, $0.01 per share; 289,000,000 authorized, 36,667,477 and 36,002,077 issued as of December 31, 2025 and 2024, respectively | 367 | 360 |
| Class B common stock, $0.01 per share; 61,000,000 authorized, 57,726,153 issued as of December 31, 2025 and 2024 | 577 | 577 |
| Accumulated other comprehensive income | 613 | — |
| Additional paid-in capital | 298,594 | 281,559 |
| Retained earnings | 1,173,950 | 970,253 |
| Treasury stock, at cost, 2,124,094 and 291,229 shares of Class A common stock as of December 31, 2025 and 2024 respectively | (49,526) | (7,827) |
| Total Dream Finders Homes, Inc. stockholders’ equity | 1,424,575 | 1,244,922 |
| Noncontrolling interests | 1,497 | 5,487 |
| Total equity | 1,426,072 | 1,250,409 |
| Total liabilities, mezzanine equity and equity | $3,727,484 | $3,328,651 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.