Dream Finders Homes, Inc.
- Open
- 13.91
- Day high
- 13.96
- Day low
- 13.52
- Prev close
- 14.05
- Volume
- 54K
- Mkt cap
- $1.3B
- P/E (TTM)
- 8.8
- EPS (TTM)
- $1.58
- P/B
- 0.8
- P/S
- 0.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$5.6M over the last 3 months (5 open-market buys, 9 sales)
- 🏛Institutions accumulating (13F)
Dream Finders Homes, Inc. (DFH) is a Consumer Cyclical company listed on NYSE. The stock is down 48% over the past year. Over the trailing 3 months, insiders filed 5 open-market buys and 9 sales (SEC Form 4).
Dream Finders Homes, Inc. (DFH) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DFH earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $0.29 | $0.27 | -8.5% | $1.1B | -2.6% |
| Apr 30, 2026 | $0.20 | $0.11 | -45.5% | $888M | +8.4% |
| Feb 23, 2026 | $0.31 | $0.58 | +87.3% | $1.2B | +44.3% |
| Oct 30, 2025 | $0.47 | $0.47 | +0.0% | $970M | -16.3% |
| Jul 31, 2025 | $0.65 | $0.56 | -13.8% | $1.2B | -0.2% |
| Oct 31, 2024 | $0.84 | $0.70 | -16.9% | $1.0B | -27.5% |
| Aug 1, 2024 | $0.77 | $0.81 | +5.2% | $1.1B | -2.3% |
| May 2, 2024 | $0.66 | $0.55 | -16.3% | $828M | -6.2% |
| Feb 29, 2024 | $0.71 | $1.00 | +40.8% | $1.1B | +26.6% |
| Nov 2, 2023 | $0.60 | $0.75 | +25.0% | $896M | -0.9% |
| Aug 3, 2023 | $0.34 | $0.65 | +91.2% | $945M | +41.8% |
| May 4, 2023 | $0.22 | $0.45 | +104.5% | $769M | +48.5% |
DFH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 27, 2026 | Sturm Lendirector | Buy | 1,000 | $14.72 |
| Aug 24, 2026 | Sturm Lendirector | Buy | 250 | $14.81 |
| Aug 13, 2026 | BECKWITT RICHARDdirector | Buy | 70,000 | $13.95 |
| Aug 13, 2026 | BECKWITT RICHARDdirector | Buy | 12,000 | $14.80 |
| Aug 13, 2026 | BECKWITT RICHARDdirector | Buy | 8,000 | $13.83 |
| Jun 26, 2026 | Lovett William Radford II10 percent owner | Sell | 2,450 | $16.00 |
| Jun 26, 2026 | Lovett William Radford II10 percent owner | Sell | 54,140 | $16.70 |
| Jun 24, 2026 | Lovett William Radford II10 percent owner | Sell | 21,962 | $15.00 |
| Jun 22, 2026 | Lovett William Radford II10 percent owner | Sell | 85,057 | $15.52 |
| Jun 22, 2026 | Lovett William Radford II10 percent owner | Sell | 45,544 | $15.21 |
| Jun 17, 2026 | Lovett William Radford II10 percent owner | Sell | 50,266 | $14.99 |
| Jun 17, 2026 | Lovett William Radford II10 percent owner | Sell | 53,325 | $15.16 |
| Jun 15, 2026 | Lovett William Radford II10 percent owner | Sell | 76,428 | $15.17 |
| Jun 15, 2026 | Lovett William Radford II10 percent owner | Sell | 60,828 | $14.56 |
| May 21, 2026 | Lovett William Radford II10 percent owner | Sell | 117,854 | $12.65 |
Source: DFH SEC Form 4 filings, latest Aug 27, 2026. For informational purposes only — not investment advice.
See the full DFH insider & 13F page →Dream Finders Homes, Inc. company profile
Overview
Dream Finders Homes, Inc. (NYSE:DFH) is a residential homebuilder founded in 2008 and headquartered in Jacksonville, Florida. The company went public in January 2021 and has grown to become a significant player in the homebuilding industry across multiple high-growth markets in the United States. Dream Finders specializes in designing, constructing, and selling single-family homes primarily targeting entry-level buyers and first-time or second-time move-up purchasers. The company operates in major metropolitan areas including Charlotte, Raleigh, Jacksonville, Orlando, Denver, Washington D.C., Austin, Dallas, and Houston.
Business
Dream Finders Homes operates in the residential construction industry, specifically focusing on single-family homebuilding. The company's core business involves the complete process of residential development, from land acquisition and development to home construction and sales. The company's primary offerings include entry-level homes designed for first-time homebuyers and move-up homes for families looking to upgrade from their current residences. These homes are typically single-family detached houses that cater to the growing demand for affordable homeownership in expanding metropolitan markets across the United States. Beyond homebuilding, Dream Finders operates complementary business segments that support the home purchasing process. The company functions as a licensed home mortgage broker, providing financing solutions by underwriting, originating, and selling mortgages through partnerships with lenders like Prime Lending. Additionally, the company offers insurance agency services, including closing, escrow, and title insurance services, creating a comprehensive ecosystem for homebuyers. The homebuilding segment represents the vast majority of the company's revenue, with the mortgage and insurance services providing additional income streams that enhance the overall customer experience and capture more value from each home sale transaction.
Revenue model
Dream Finders Homes generates revenue primarily through direct home sales to individual consumers. The company purchases land, develops it for residential use, constructs single-family homes, and sells these completed properties through its sales representatives and independent real estate brokers. The typical customer is an individual or family purchasing a home for personal residence. The company's business model follows the traditional homebuilding approach where revenue is recognized upon closing of home sales. With annual revenues of approximately $4.5 billion in 2024, the company demonstrates significant scale in its target markets. The mortgage brokerage and insurance services provide additional revenue streams, though these represent a smaller portion of total revenues. Several factors influence the company's profitability margins. Positive margin drivers include rising home prices in target markets, efficient construction processes, economies of scale in material purchasing, and the ability to capture financing and insurance commissions. Negative margin pressures come from increasing land costs, rising construction material prices, labor shortages driving up wage costs, higher interest rates reducing buyer affordability, and increased competition from other builders. The cyclical nature of the housing market means that economic downturns, changes in mortgage rates, and shifts in consumer confidence can significantly impact both sales volumes and pricing power.
Competitive moat
Dream Finders Homes operates in a moderately competitive industry with limited sustainable competitive advantages. The company's primary moat comes from its strategic land positions in high-growth metropolitan markets, which provide some protection against new entrants who would need to secure similar developable land at competitive prices. The company has developed operational efficiencies through its integrated approach, combining homebuilding with mortgage and insurance services, which allows for better customer experience and additional revenue capture per transaction. Its established relationships with suppliers, subcontractors, and local regulatory bodies in its target markets provide some operational advantages. However, the homebuilding industry generally lacks strong moats. The barriers to entry are relatively low for well-capitalized competitors, and the company faces significant competition from both national homebuilders like D.R. Horton, Lennar, and PulteGroup, as well as regional and local builders. The company's competitive position is primarily dependent on execution, market timing, and land acquisition strategy rather than proprietary technology or unique products. Potential disruption could come from alternative construction methods, prefabricated housing technologies, or new entrants with innovative approaches to affordable housing development.
Risks & safety
Dream Finders Homes shows a moderate margin of safety with some areas of concern regarding cash flow patterns. • Liquidity position: Strong with $274 million in cash and short-term investments as of Q4 2024, providing adequate working capital buffer • Debt levels: Debt-to-equity ratio of 0.94, which is manageable but represents significant leverage typical for homebuilders • Cash flow volatility: Concerning pattern with negative free cash flow of -$282 million in 2024, indicating working capital intensity and timing mismatches between cash outflows for construction and cash inflows from sales • Valuation metrics: Attractive with P/E ratio of 6.5x and EV/EBITDA of 7.1x, suggesting the stock trades at a discount to historical averages • Current ratio: Healthy at 1.57x, indicating ability to meet short-term obligations • Profitability: Strong ROE of 24% demonstrates efficient capital utilization when profitable • Cyclical risk: High exposure to housing market cycles and interest rate sensitivity poses ongoing risk to financial stability
Recent development
Based on the available financial data, Dream Finders Homes has demonstrated significant growth and operational expansion over recent years. The company has scaled its operations substantially, growing from $3.3 billion in revenue in 2022 to $4.5 billion in 2024, representing a compound annual growth rate of approximately 16%. The company has maintained strong profitability metrics with net income growing from $274 million in 2022 to $341 million in 2024. However, the business has experienced typical homebuilder cash flow patterns, with significant working capital requirements leading to negative free cash flow in 2024 despite strong profitability. This reflects the capital-intensive nature of the business where cash is invested in land acquisition and construction before homes are sold and cash is collected. The company appears to have maintained its focus on its core markets while potentially expanding its operational capacity. The consistent profitability and revenue growth suggest successful execution of its strategy to serve the entry-level and move-up home segments in high-growth metropolitan areas. The integration of mortgage and insurance services continues to provide additional revenue streams and enhanced customer service capabilities.
DFH company profile · for informational purposes only — not investment advice.
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