Dream Finders Homes Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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, 2024 · Filed May 2, 2024
DFH$11.87-7.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands, except share and per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Homebuilding | $825,221 | $767,476 |
| Other | 2,579 | 1,944 |
| Total revenues | 827,800 | 769,420 |
| Homebuilding cost of sales | 678,640 | 637,344 |
| Selling, general and administrative expense | 81,793 | 60,761 |
| Income from unconsolidated entities | (4,903) | (2,958) |
| Contingent consideration revaluation | 3,207 | 5,316 |
| Other income, net | (1,761) | (430) |
| Income before taxes | 70,824 | 69,387 |
| Income tax expense | (15,141) | (17,636) |
| Net and comprehensive income | 55,683 | 51,751 |
| Net and comprehensive income attributable to noncontrolling interests | (1,189) | (2,662) |
| Net and comprehensive income attributable to Dream Finders Homes, Inc. | $54,494 | $49,089 |
| Earnings per share | ||
| Basic | $0.55 | $0.49 |
| Diluted | $0.55 | $0.45 |
| Weighted-average number of shares | ||
| Basic | 93,325,838 | 92,940,291 |
| Diluted | 99,935,524 | 108,822,306 |
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
Three months ended March 31, 2024 and 2023
(In thousands, except share amounts) (Unaudited)
| Dream Finders Homes, Inc. Stockholders’ Equity | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock - Class A · Common Stock - Class B · AdditionalPaid-in Capital · RetainedEarnings · TotalNoncontrollingInterests · Total Equity · Redeemable PreferredStock · Redeemable Noncontrolling Interest | ||||||||||||||||||||
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||||||
| Balance as of December 31, 2023 | 32,882,124 | $329 | 60,226,153 | $602 | $275,241 | $648,412 | $13,066 | $937,650 | 150,000 | $148,500 | $— | |||||||||
| Stock-based compensation | — | — | — | — | 3,462 | — | — | 3,462 | — | — | — | |||||||||
| Vesting of stock-based compensation | 823,716 | 8 | — | — | (8) | — | — | — | — | — | — | |||||||||
| Withholding of common stock for taxes | (285,891) | (3) | — | — | (10,453) | — | — | (10,456) | — | — | — | |||||||||
| Class B common stock exchanged for Class A common stock | 1,000,000 | 10 | (1,000,000) | (10) | — | — | — | — | — | — | — | |||||||||
| Distributions | — | — | — | — | — | (8,962) | (8,962) | — | — | — | ||||||||||
| Preferred stock dividends declared | — | — | — | — | — | (3,375) | — | (3,375) | — | — | — | |||||||||
| Noncontrolling interest issued in business combination | — | — | — | — | — | — | — | — | — | — | 28,533 | |||||||||
| Net and comprehensive income | — | — | — | — | — | 54,494 | 1,189 | 55,683 | — | — | — | |||||||||
| Balance as of March 31, 2024 | 34,419,949 | $344 | 59,226,153 | $592 | $268,242 | $699,531 | $5,293 | $974,002 | 150,000 | $148,500 | $28,533 | |||||||||
| Dream Finders Homes, Inc. Stockholders’ Equity | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock - Class A · Common Stock - Class B · AdditionalPaid-in Capital · RetainedEarnings · TotalNoncontrollingInterests · Total Equity · Redeemable PreferredStock | ||||||||||||||||||
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||||
| Balance as of December 31, 2022 | 32,533,883 | $325 | 60,226,153 | $602 | $264,757 | $365,994 | $12,970 | $644,648 | 157,143 | $156,045 | ||||||||
| Stock-based compensation | 241,643 | 2 | — | — | 2,428 | — | — | 2,430 | — | — | ||||||||
| Distributions | — | — | — | — | — | — | (1,024) | (1,024) | — | — | ||||||||
| Preferred stock dividends declared | — | — | — | — | — | (3,375) | — | (3,375) | — | — | ||||||||
| Net and comprehensive income | — | — | — | — | — | 48,875 | 2,662 | 51,537 | — | 214 | ||||||||
| Balance as of March 31, 2023 | 32,775,526 | $327 | 60,226,153 | $602 | $267,185 | $411,494 | $14,608 | $694,216 | 157,143 | $156,259 | ||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.