Dream Finders Homes Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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, 2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $274,384 | $494,145 |
| Restricted cash | 65,441 | 54,311 |
| Accounts receivable | 34,126 | 30,874 |
| Inventories | 1,715,357 | 1,440,249 |
| Lot deposits | 458,303 | 247,207 |
| Other assets | 122,391 | 80,759 |
| Investments in unconsolidated entities | 11,454 | 15,364 |
| Mortgage loans held for sale | 303,393 | — |
| Property and equipment, net | 26,317 | 7,043 |
| Right-of-use assets | 17,172 | 20,280 |
| Goodwill | 300,313 | 172,207 |
| Total assets | $3,328,651 | $2,562,439 |
| Liabilities | ||
| Accounts payable | $147,143 | $134,115 |
| Accrued expenses | 263,317 | 207,389 |
| Customer deposits | 125,601 | 172,574 |
| Construction lines of credit | 701,386 | 530,384 |
| Senior unsecured notes, net | 295,049 | 293,918 |
| Mortgage warehouse facilities | 289,617 | — |
| Lease liabilities | 18,148 | 21,114 |
| Contingent consideration | 68,030 | 116,795 |
| Total liabilities | 1,908,291 | 1,476,289 |
| Commitments and contingencies (Note 7) | ||
| Mezzanine Equity | ||
| Redeemable preferred stock | 148,500 | 148,500 |
| Redeemable noncontrolling interest | 21,451 | — |
| Equity | ||
| Class A common stock, $0.01 per share; 289,000,000 authorized, 36,002,077 and 32,882,124 issued as of December 31, 2024 and 2023, respectively | 360 | 329 |
| Class B common stock, $0.01 per share; 61,000,000 authorized, 57,726,153 and 60,226,153 issued as of December 31, 2024 and 2023, respectively | 577 | 602 |
| Additional paid-in capital | 281,559 | 275,241 |
| Retained earnings | 970,253 | 648,412 |
| Treasury stock, at cost, 291,229 shares and no shares of Class A common stock as of December 31, 2024 and 2023, respectively | (7,827) | — |
| Total Dream Finders Homes, Inc. stockholders’ equity | 1,244,922 | 924,584 |
| Noncontrolling interests | 5,487 | 13,066 |
| Total equity | 1,250,409 | 937,650 |
| Total liabilities, mezzanine equity and equity | $3,328,651 | $2,562,439 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.