Dream Finders Homes, Inc., through its subsidiary, Dream Finders Homes LLC, engages in the homebuilding business in the United States. It operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. The company designs, builds, constructs, and sells single-family homes, such as entry-level, first and second time move-up, and active adult and custom homes. It markets its homes under various brands, including Dream Finders Homes, DF Luxury, Reverie Active Adult Lifestyle by Dream Finders Homes, Craft Homes and Coventry Homes. The company also provides insurance agency services, including closing, escrow, and title insurance, as well as mortgage banking solutions. It sells its homes through its sales representatives and independent real estate brokers. The company was founded in 2008 and is headquartered in Jacksonville, Florida.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.3B | $299M | $217M | $-126M | 15.2% | -2.9% | -35.2% |
| 2024 | $4.4B | $450M | $335M | $-282M | 26.9% | 18.7% | 13.3% |
| 2023 | $3.7B | $446M | $296M | $369M | 32.0% | 12.2% | 12.8% |
| 2022 | $3.3B | $366M | $262M | $-33M | 41.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,342.34 | 3,748.59 | 4,449.85 | 4,322.85 |
| Operating Revenue | - | 3,334.56 | 3,748.59 | 4,449.85 | 4,322.85 |
| Cost Of Revenue | - | 2,727.11 | 3,017.82 | 3,621.92 | 3,568.08 |
| Gross Profit | - | 615.22 | 730.77 | 827.93 | 754.77 |
| Operating Expense | - | 266.06 | 302.79 | 395.10 | 485.21 |
| Selling General And Administration | - | 266.06 | 302.79 | 395.10 | 485.21 |
| Total Expenses | - | 2,993.18 | 3,320.61 | 4,017.02 | 4,053.29 |
| Operating Income | - | 349.16 | 427.98 | 432.83 | 269.55 |
| EBITDA | - | 366.25 | 445.87 | 450.05 | 298.71 |
| Normalized EBITDA | - | 377.30 | 492.46 | 463.99 | 288.89 |
| EBIT | - | 349.16 | 427.98 | 432.83 | 269.55 |
| Interest Expense | 0.67 | 0.03 | - | - | - |
| Net Interest Income | -0.67 | -0.03 | - | - | - |
| Other Non Operating Income Expenses | - | 1.93 | 4.96 | 8.39 | 4.31 |
| Other Income Expense | - | 7 | -23.55 | 5.02 | 14.55 |
| Interest Expense Non Operating | 0.67 | 0.03 | - | - | - |
| Net Non Operating Interest Income Expense | -0.67 | -0.03 | - | - | - |
| Pretax Income | - | 356.16 | 404.42 | 437.85 | 284.10 |
| Tax Provision | - | 81.86 | 96.48 | 97.27 | 66.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.54 | -11.14 | -3.09 | 2.31 |
| Net Income Continuous Operations | - | 274.30 | 307.94 | 340.58 | 217.40 |
| Net Income From Continuing And Discontinued Operation | - | 262.31 | 295.90 | 335.34 | 217.20 |
| Net Income From Continuing Operation Net Minority Interest | - | 262.31 | 295.90 | 335.34 | 217.20 |
| Net Income | - | 262.31 | 295.90 | 335.34 | 217.20 |
| Net Income Common Stockholders | - | 247.80 | 282.42 | 321.84 | 203.70 |
| Net Income Including Noncontrolling Interests | - | 274.30 | 307.94 | 340.58 | 217.40 |
| Normalized Income | - | 270.82 | 331.35 | 346.19 | 209.68 |
| Diluted NI Availto Com Stockholders | - | 247.80 | 282.42 | 321.84 | 203.70 |
| Basic Average Shares | - | 92.75 | 93.07 | 93.51 | 93.11 |
| Diluted Average Shares | - | 106.69 | 106.03 | 100.30 | 101.30 |
| Reconciled Depreciation | - | 17.09 | 17.90 | 17.22 | 29.16 |
| Reconciled Cost Of Revenue | - | 2,727.11 | 3,017.82 | 3,621.92 | 3,568.08 |
| Total Unusual Items | - | -11.05 | -46.59 | -13.94 | 9.82 |
| Total Unusual Items Excluding Goodwill | - | -11.05 | -46.59 | -13.94 | 9.82 |
| Preferred Stock Dividends | - | 14.51 | 13.48 | 13.50 | 13.50 |
| Minority Interests | - | -11.98 | -12.04 | -5.24 | -0.21 |
| Special Income Charges | - | -11.05 | -46.59 | -13.94 | 9.82 |
| Other Special Charges | -6.51 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | 11.05 | 46.59 | 13.94 | -9.82 |
| Gain On Sale Of Ppe | 0.09 | - | - | - | - |
| Earnings From Equity Interest | - | 16.12 | 18.08 | 10.57 | 0.42 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Dream Finders Homes, Inc.this co. | DFH | $1.3B | 6.05↓ discount | 0.92 | 15.2% | 8.99 |
| Revolve Group, Inc. | RVLV | $1.4B | 22.41 | 2.70 | 12.0% | 13.93 |
| Olaplex Holdings, Inc. | OLPX | $1.4B | -148.20 | 1.56 | -1.1% | 15.77 |
| Winmark Corporation | WINA | $1.4B | 32.66 | - | -77.6% | 24.92 |
| Hyliion Holdings Corp. | HYLN | $1.4B |
| - |
| - |
| - |
| - |
| - |
| - |
| -23.76 |
| 7.08 |
| -29.8% |
| -22.68 |
| G-III Apparel Group, Ltd. | GIII | $1.4B | 20.07 | 0.77 | 3.8% | 8.77 |
| Wolverine World Wide, Inc. | WWW | $1.3B | 13.63 | 3.20 | 23.5% | 10.33 |
| The Wendy's Company | WEN | $1.3B | 7.79 | 10.95 | 140.6% | 9.78 |
| XPEL, Inc. | XPEL | $1.3B | 24.75 | 4.52 | 18.3% | 16.02 |
| Peer Median | - | 16.85 | 3.20 | 7.9% | 12.13 | |
Historically, Jan has averaged the highest return (+8.2%); Oct the lowest (-11.3%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.5%Positive MonthJan 2026: +7.54% | -1.7%Neutral MonthFeb 2026: -1.74% | -23.0%Negative MonthMar 2026: -22.97% | +4.9%Positive MonthApr 2026: +4.89% | +5.9%Positive MonthMay 2026: +5.89% | +11.6%Positive MonthJun 2026: +11.64% | -25.9%Negative MonthJul 2026: -25.90% | +16.6%*Positive MonthAug 2026: +16.58% | — | — | — | — |
| 2025 | -0.9%Neutral MonthJan 2025: -0.86% | +3.6%Positive MonthFeb 2025: +3.64% | -5.6%Negative MonthMar 2025: -5.65% | +0.4%Neutral MonthApr 2025: +0.44% | -7.9%Negative MonthMay 2025: -7.94% | +20.5%Positive MonthJun 2025: +20.47% | +0.8%Neutral MonthJul 2025: +0.76% | +9.8%Positive MonthAug 2025: +9.76% | -6.7%Negative MonthSep 2025: -6.73% | -23.6%Negative MonthOct 2025: -23.61% | -0.2%Neutral MonthNov 2025: -0.15% | -13.5%Negative MonthDec 2025: -13.51% |
| 2024 | -7.5%Negative MonthJan 2024: -7.49% | +19.0%Positive MonthFeb 2024: +19.04% | +11.8%Positive MonthMar 2024: +11.76% | -18.8%Negative MonthApr 2024: -18.82% | -20.0%Negative MonthMay 2024: -19.97% | -9.1%Negative MonthJun 2024: -9.12% | +22.2%Positive MonthJul 2024: +22.19% | +6.0%Positive MonthAug 2024: +6.02% | +8.3%Positive MonthSep 2024: +8.25% | -17.6%Negative MonthOct 2024: -17.56% | +11.5%Positive MonthNov 2024: +11.46% | -30.1%Negative MonthDec 2024: -30.06% |
| 2023 | +46.0%Positive MonthJan 2023: +45.96% | -4.8%Negative MonthFeb 2023: -4.83% | +10.1%Positive MonthMar 2023: +10.14% | +15.1%Positive MonthApr 2023: +15.09% | +21.6%Positive MonthMay 2023: +21.57% | +32.6%Positive MonthJun 2023: +32.63% | +3.7%Positive MonthJul 2023: +3.70% | +13.0%Positive MonthAug 2023: +13.02% | -22.9%Negative MonthSep 2023: -22.87% | -11.4%Negative MonthOct 2023: -11.43% | +23.6%Positive MonthNov 2023: +23.62% | +46.0%Positive MonthDec 2023: +45.97% |
| 2022 | -4.2%Negative MonthJan 2022: -4.16% | +7.9%Positive MonthFeb 2022: +7.94% | -15.1%Negative MonthMar 2022: -15.11% | +1.5%Neutral MonthApr 2022: +1.46% | +1.9%Neutral MonthMay 2022: +1.90% | -39.8%Negative MonthJun 2022: -39.75% | +22.2%Positive MonthJul 2022: +22.18% | -5.0%Negative MonthAug 2022: -5.00% | -14.2%Negative MonthSep 2022: -14.17% | +4.7%Positive MonthOct 2022: +4.72% | -11.4%Negative MonthNov 2022: -11.35% | -12.0%Negative MonthDec 2022: -11.99% |
| 2021 | — | — | — | — | +25.7%Positive MonthMay 2021: +25.67% | -23.1%Negative MonthJun 2021: -23.10% | -5.2%Negative MonthJul 2021: -5.24% | -10.2%Negative MonthAug 2021: -10.15% | -16.7%Negative MonthSep 2021: -16.68% | -8.4%Negative MonthOct 2021: -8.42% | +5.7%Positive MonthNov 2021: +5.67% | +16.0%Positive MonthDec 2021: +15.98% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.