Dream Finders Homes, Inc.
For the period ended Mar 31, 2026. Filed May 1, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 1, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share and share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues: | ||
| Homebuilding | $836,659 | $970,108 |
| Financial services | 51,180 | 19,763 |
| Total revenues | 887,839 | 989,871 |
| Homebuilding cost of sales | 715,643 | 783,536 |
| Financial services expense | 42,711 | 12,866 |
| Selling, general and administrative expense | 110,903 | 116,694 |
| Income from unconsolidated entities | (335) | (180) |
| Contingent consideration revaluation | — | 1,100 |
| Other expense, net | 111 | 4,690 |
| Income before taxes | 18,806 | 71,165 |
| Income tax expense | (5,246) | (16,155) |
| Net income | 13,560 | 55,010 |
| Net income attributable to noncontrolling interests | (304) | (107) |
| Net income attributable to Dream Finders Homes, Inc. | $13,256 | $54,903 |
| Earnings per share | ||
| Basic | $0.11 | $0.55 |
| Diluted | $0.11 | $0.54 |
| Weighted-average number of shares | ||
| Basic | 92,020,167 | 93,550,316 |
| Diluted | 92,429,194 | 101,360,214 |
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
Three months ended March 31, 2026
(In thousands, except share amounts)
| Dream Finders Homes, Inc. Stockholders’ Equity | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class ACommon Stock · Class BCommon Stock · Accumulated Other Comprehensive Income (Loss) · AdditionalPaid-in Capital · RetainedEarnings · Treasury Stock · NoncontrollingInterests · Total Equity · Redeemable PreferredStock · Redeemable Noncontrolling Interests | |||||||||||||||||||||
| Shares Outstanding · Amount · Shares Outstanding · Amount · Shares · Amount | |||||||||||||||||||||
| Balance as of December 31, 2025 | 34,543,383 | $367 | 57,726,153 | $577 | $613 | $298,594 | $1,173,950 | $(49,526) | $1,497 | $1,426,072 | 150,000 | $148,500 | $29,539 | ||||||||
| Stock-based compensation | — | — | — | — | — | 5,231 | — | — | — | 5,231 | — | — | — | ||||||||
| Vesting of stock-based compensation | 1,038,517 | 10 | — | — | — | (10) | — | — | — | — | — | — | — | ||||||||
| Withholding of common stock for taxes | (315,456) | (3) | — | — | — | (5,136) | — | — | — | (5,139) | — | — | — | ||||||||
| Repurchases of common stock | (1,063,560) | — | — | — | — | — | — | (18,482) | — | (18,482) | — | — | — | ||||||||
| Preferred stock dividends declared | — | — | — | — | — | — | (3,375) | — | — | (3,375) | — | — | — | ||||||||
| Other comprehensive loss, net of tax | — | — | — | — | (1,065) | — | — | — | — | (1,065) | — | — | — | ||||||||
| Net income | — | — | — | — | — | — | 13,256 | — | 304 | 13,560 | — | — | — | ||||||||
| Balance as of March 31, 2026 | 34,202,884 | $374 | 57,726,153 | $577 | $(452) | $298,679 | $1,183,831 | $(68,008) | $1,801 | $1,416,802 | 150,000 | $148,500 | $29,539 | ||||||||
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Continued)
Three months ended March 31, 2025
(In thousands, except share amounts)
| Dream Finders Homes, Inc. Stockholders’ Equity | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class ACommon Stock · Class BCommon Stock · AdditionalPaid-in Capital · RetainedEarnings · Treasury Stock · NoncontrollingInterests · Total Equity · Redeemable Preferred Stock · Redeemable Noncontrolling Interests | ||||||||||||||||||||||
| Shares Outstanding · Amount · Shares Outstanding · Amount · Shares · Amount | ||||||||||||||||||||||
| Balance as of December 31, 2024 | 35,710,848 | $360 | 57,726,153 | $577 | $281,559 | $970,253 | $(7,827) | $5,487 | $1,250,409 | 150,000 | $148,500 | $21,451 | ||||||||||
| Stock-based compensation | — | — | — | — | 9,453 | — | — | — | 9,453 | — | — | — | ||||||||||
| Vesting of stock-based compensation | 855,229 | 8 | — | — | (8) | — | — | — | — | — | — | — | ||||||||||
| Withholding of common stock for taxes | (271,145) | (3) | — | — | (6,843) | — | — | — | (6,846) | — | — | — | ||||||||||
| Repurchases of common stock | (284,564) | — | — | — | — | — | (6,963) | — | (6,963) | — | — | — | ||||||||||
| Distributions | — | — | — | — | — | — | — | (3,839) | (3,839) | — | — | — | ||||||||||
| Preferred stock dividends declared | — | — | — | — | — | (3,375) | — | — | (3,375) | — | — | — | ||||||||||
| Noncontrolling interest issued in business combination | — | — | — | — | — | — | — | — | — | — | — | 7,568 | ||||||||||
| Net income | — | — | — | — | — | 54,903 | — | 107 | 55,010 | — | — | — | ||||||||||
| Balance as of March 31, 2025 | 36,010,368 | $365 | 57,726,153 | $577 | $284,161 | $1,021,781 | $(14,790) | $1,755 | $1,293,849 | 150,000 | $148,500 | $29,019 | ||||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.