Dream Finders Homes, Inc.
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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.
Jun 30, 2025 · Filed Jul 31, 2025
DFH$11.87-7.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Homebuilding | $1,099,580 | $1,052,236 | $2,069,688 | $1,877,457 |
| Financial services | 50,925 | 3,511 | 70,688 | 6,090 |
| Total revenues | 1,150,505 | 1,055,747 | 2,140,376 | 1,883,547 |
| Homebuilding cost of sales | 917,871 | 852,837 | 1,701,407 | 1,531,477 |
| Financial services expense | 40,058 | 2,072 | 52,924 | 3,756 |
| Selling, general and administrative expense | 134,699 | 96,854 | 251,393 | 176,963 |
| Income from unconsolidated entities | (17) | (5,299) | (197) | (10,202) |
| Contingent consideration revaluation | (12,706) | 4,638 | (11,606) | 7,845 |
| Other (income) expense, net | (3,464) | (1,363) | 1,226 | (3,124) |
| Income before taxes | 74,064 | 106,008 | 145,229 | 176,832 |
| Income tax expense | (17,525) | (23,245) | (33,680) | (38,386) |
| Net income | 56,539 | 82,763 | 111,549 | 138,446 |
| Net loss (income) attributable to noncontrolling interests | 41 | (1,820) | (66) | (3,009) |
| Net income attributable to Dream Finders Homes, Inc. | $56,580 | $80,943 | $111,483 | $135,437 |
| Earnings per share | ||||
| Basic | $0.57 | $0.83 | $1.12 | $1.38 |
| Diluted | $0.56 | $0.81 | $1.10 | $1.35 |
| Weighted-average number of shares | ||||
| Basic | 93,444,326 | 93,722,953 | 93,495,455 | 93,524,396 |
| Diluted | 101,913,888 | 100,125,681 | 101,635,185 | 100,030,603 |
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
Three months ended June 30, 2025
| Dream Finders Homes, Inc. Stockholders' Equity | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock - Class A · Common Stock - Class B · Accumulated Other Comprehensive Income · 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 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 | ||||||||
| Stock-based compensation | — | — | — | — | — | 5,307 | — | — | — | 5,307 | — | — | — | ||||||||
| Vesting of stock-based compensation | 127,627 | 2 | — | — | — | (2) | — | — | — | — | — | — | — | ||||||||
| Withholding of common stock for taxes | (46,311) | — | — | — | — | (1,037) | — | — | — | (1,037) | — | — | — | ||||||||
| Repurchases of common stock | (705,404) | — | — | — | — | — | — | (16,057) | — | (16,057) | — | — | — | ||||||||
| Distributions | — | — | — | — | — | — | — | — | (123) | (123) | — | — | — | ||||||||
| Preferred stock dividends declared | — | — | — | — | — | — | (3,375) | — | — | (3,375) | — | — | — | ||||||||
| Noncontrolling interest issued in business combination | — | — | — | — | — | — | — | — | — | — | — | — | 520 | ||||||||
| Net income | — | — | — | — | — | — | 56,580 | — | (41) | 56,539 | — | — | — | ||||||||
| Other comprehensive income, net of tax | — | — | — | — | 583 | — | — | — | — | 583 | — | — | — | ||||||||
| Balance as of June 30, 2025 | 35,386,280 | $367 | 57,726,153 | $577 | $583 | $288,429 | $1,074,986 | $(30,847) | $1,591 | $1,335,686 | 150,000 | $148,500 | $29,539 | ||||||||
Six months ended June 30, 2025
| Dream Finders Homes, Inc. Stockholders' Equity | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock - Class A · Common Stock - Class B · Accumulated Other Comprehensive Income · AdditionalPaid-in Capital · RetainedEarnings · Treasury Stock · NoncontrollingInterests · Total Equity · Redeemable PreferredStock · Redeemable Noncontrolling Interest | |||||||||||||||||||||||||
| 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 | — | — | — | — | — | 14,760 | — | — | — | 14,760 | — | — | — | ||||||||||||
| Vesting of stock-based compensation | 982,856 | 10 | — | — | — | (10) | — | — | — | — | — | — | — | ||||||||||||
| Withholding of common stock for taxes | (317,456) | (3) | — | — | — | (7,880) | — | — | — | (7,883) | — | — | — | ||||||||||||
| Repurchases of common stock | (989,968) | — | — | — | — | — | — | (23,020) | — | (23,020) | — | — | — | ||||||||||||
| Distributions | — | — | — | — | — | — | — | — | (3,962) | (3,962) | — | — | — | ||||||||||||
| Preferred stock dividends declared | — | — | — | — | — | — | (6,750) | — | — | (6,750) | — | — | — | ||||||||||||
| Noncontrolling interest issued in business combination | — | — | — | — | — | — | — | — | — | — | — | — | 8,088 | ||||||||||||
| Net income | — | — | — | — | — | — | 111,483 | — | 66 | 111,549 | — | — | — | ||||||||||||
| Other comprehensive income, net of tax | — | — | — | — | 583 | — | — | — | — | 583 | — | — | — | ||||||||||||
| Balance as of June 30, 2025 | 35,386,280 | $367 | 57,726,153 | $577 | $583 | $288,429 | $1,074,986 | $(30,847) | $1,591 | $1,335,686 | 150,000 | $148,500 | $29,539 | ||||||||||||
Three months ended June 30, 2024
| Dream Finders Homes, Inc. Stockholders' Equity | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock - Class A · Common Stock - Class B · AdditionalPaid-in Capital · RetainedEarnings · Treasury Stock · NoncontrollingInterests · Total Equity · Redeemable Preferred Stock · Redeemable Noncontrolling Interest | |||||||||||||
| Shares Outstanding · Amount · Shares Outstanding · Amount · Shares · Amount | |||||||||||||
| 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 | |
| Stock-based compensation | — | — | — | — | 5,063 | — | — | — | 5,063 | — | — | — | |
| Vesting of stock-based compensation | 128,953 | 1 | — | — | (1) | — | — | — | — | — | — | — | |
| Withholding of common stock for taxes | (46,825) | — | — | — | (2,008) | — | — | — | (2,008) | — | — | — | |
| Repurchases of common stock | (71,833) | — | — | — | — | — | (1,846) | — | (1,846) | — | |||
| Distributions | — | — | — | — | — | — | — | (3,018) | (3,018) | — | — | — | |
| Preferred stock dividends declared | — | — | — | — | — | (3,375) | — | — | (3,375) | — | — | — | |
| Noncontrolling interest issued in business combination | — | — | — | — | — | — | — | — | — | — | — | (7,082) | |
| Net income | — | — | — | — | — | 80,943 | — | 1,820 | 82,763 | — | — | — | |
| Balance as of June 30, 2024 | 34,430,244 | $345 | 59,226,153 | $592 | $271,296 | $777,099 | $(1,846) | $4,095 | $1,051,581 | 150,000 | $148,500 | $21,451 | |
Six months ended June 30, 2024
| Dream Finders Homes, Inc. Stockholders' Equity | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock - Class A · Common Stock - Class B · AdditionalPaid-in Capital · RetainedEarnings · Treasury Stock · NoncontrollingInterests · Total Equity · Redeemable Preferred Stock · Redeemable Noncontrolling Interest | ||||||||||||||||||||||
| Shares Outstanding · Amount · Shares Outstanding · 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 | — | — | — | — | 8,525 | — | — | — | 8,525 | — | — | — | ||||||||||
| Vesting of stock-based compensation | 952,669 | 9 | — | — | (9) | — | — | — | — | — | — | — | ||||||||||
| Withholding of common stock for taxes | (332,716) | (3) | — | — | (12,461) | — | — | — | (12,464) | — | — | — | ||||||||||
| Class B common stock exchanged for class A common stock | 1,000,000 | 10 | (1,000,000) | (10) | — | — | — | — | — | — | — | — | ||||||||||
| Repurchases of common stock | (71,833) | — | — | — | — | — | (1,846) | — | (1,846) | — | — | — | ||||||||||
| Distributions | — | — | — | — | — | — | — | (11,980) | (11,980) | — | — | — | ||||||||||
| Preferred stock dividends declared | — | — | — | — | — | (6,750) | — | — | (6,750) | — | — | — | ||||||||||
| Noncontrolling interest issued in business combination | — | — | — | — | — | — | — | — | — | — | — | 21,451 | ||||||||||
| Net income | — | — | — | — | — | 135,437 | — | 3,009 | 138,446 | — | — | — | ||||||||||
| Balance as of June 30, 2024 | 34,430,244 | $345 | 59,226,153 | $592 | $271,296 | $777,099 | $(1,846) | $4,095 | $1,051,581 | 150,000 | $148,500 | $21,451 | ||||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.