Dream Finders Homes
Builds single-family homes in U.S. markets with attached mortgage and title services.
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Profile
Designs, builds, and sells single-family homes in U.S. growth markets, with mortgage, title, and insurance-adjacent services attached to the buyer journey. Its homebuilding segments span the Southeast, Mid-Atlantic, and Midwest, supported by an asset-light lot strategy and acquisition-led market entry.
Builds and sells single-family homes for entry-level, move-up, active adult, and built-for-rent buyers, marketed through Dream Finders Homes, DF Luxury, Reverie, Craft Homes, and Coventry Homes. Mortgage banking, title agency, title underwriting, and homeowners-insurance-related offerings sit beside the home sale.
Operations are concentrated in U.S. markets across the Southeast, Mid-Atlantic, and Midwest, with a footprint that includes Florida, Texas, the Carolinas, Georgia, Colorado, Arizona, Tennessee, and the Washington, D.C. area. Expansion has combined organic market entries with regional acquisitions.
The operating model centers on asset-light lot acquisition, local market selection, and attached buyer services. Homebuilding results depend on lot access, financing availability, construction inputs, skilled labor, and buyer demand.
Company facts
Key statistics
Year to date −13.9% · Average volume (30d) 630.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Nov 12, 2025 | Zelman & Assoc | Upgrade | Neutral | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.30 | $0.27 | −8.5% | $1.09B | $1.06B | −2.6% | −13.49% |
| Apr 30, 2026Q1 FY26 | $0.20 | $0.11 | −45.5% | $819.3M | $887.8M | +8.4% | +4.52% |
| Feb 23, 2026Q4 FY25 | $0.62 | $0.58 | −6.5% | $1.16B | $1.21B | +4.7% | −4.14% |
| Oct 30, 2025Q3 FY25 | $0.47 | $0.47 | 0.0% | $1.16B | $969.8M | −16.3% | −0.90% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $989.9M | $1.15B | $969.8M | $1.21B | $887.8M | $1.06B | |
| Gross profit | $193.5M | $192.6M | $213.9M | $154.9M | $129.5M | $81.4M | |
| Operating income | $76.8M | $57.9M | $59.3M | $75.6M | $19.4M | −$47.9M | |
| Net income | $54.9M | $56.6M | $47.0M | $58.7M | $13.3M | $27.7M | |
| Diluted EPS | $0.51 | $0.52 | $0.47 | $0.64 | $0.11 | $0.26 | |
| Gross margin | 19.5% | 16.7% | 22.1% | 12.8% | 14.6% | 7.7% | |
| Operating margin | 7.8% | 5.0% | 6.1% | 6.2% | 2.2% | -4.5% |
Fiscal years (4-quarter sums)FY21 $1.92B · FY22 $3.34B · FY23 $3.75B · FY24 $4.45B · FY25 $4.32B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $203.5M · Total debt $592.3M · Total assets $3.96B · Shareholders' equity $1.58B
Dividends
No dividends on record.
Ownership
Shares outstanding 92.19M · Float 75.59M · 82.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Zalupski Patrick O. | 59.81M | 65.30% | 13G | May 8, 2026 |
| BlackRock, Inc. | 4.81M | 5.22% | 13F | Aug 7, 2026 |
| W. Radford Lovett II | 4.72M | 13.80% | 13G | Nov 13, 2024 |
| Lovett William Radford II · 10 percent owner | 3.21M | 3.49% | Form 4 | Jun 26, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 3.07M | 3.33% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Len Sturm | director | +1,000 | $14.72 |
| Aug 24, 2026 | Len Sturm | director | +250 | $14.75 |
| Aug 21, 2026 | Len Sturm | director | +250 | $14.81 |
| Aug 13, 2026 | Richard Beckwitt | director | +12,000 | $14.80 |
| Aug 12, 2026 | Richard Beckwitt | director | +8,000 | $13.83 |
Peers
- D.R. Horton
Scale rival across single-family homes and buyer financing
- Lennar
National builder with overlapping homes, active adult, and services
- PulteGroup
National peer across single-family, active adult, mortgage and title
- Meritage Homes
Entry-level and move-up rival with mortgage, title, and insurance
- NVR
East Coast and Midwest builder with mortgage and title overlap
- KB Home
First-time and move-up builder with active adult and services overlap
- Beazer Homes
Public single-family peer and live contested acquisition target
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dream Finders Homes | $14.76 | 0.00% | $1.36B | 10.0 | 14.8 | 0.3 | −7.6% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| Lennar | $86.50 | +0.19% | $21.44B | 13.5 | 15.2 | 0.7 | −5.0% |
| PulteGroup | $128.55 | +0.02% | $24.81B | 13.2 | 12.0 | 1.5 | −9.6% |
| Meritage Homes | $71.02 | −0.14% | $4.74B | 14.9 | 12.9 | 0.9 | −14.3% |
| NVR | $6,396.27 | −0.21% | $17.27B | 16.6 | 16.6 | 1.8 | −10.6% |
| KB Home | $54.96 | +0.18% | $3.36B | 13.3 | 13.6 | 0.6 | −27.3% |
| Beazer Homes | $33.22 | 0.00% | $908.0M | — | 43.3 | 0.4 | −5.3% |
| Median | 13.8 | 13.6 | 0.9 | −9.6% |