NYSE$DFH

Dream Finders Homes Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Dream Finders Homes reported record homebuilding revenues and increased net income for Q4 2024.

Dream Finders Homes announced strong Q4 2024 results, with record homebuilding revenues of $1.5 billion, a 35% increase year-over-year, and a 27% increase in net income to $129 million. The company's performance was driven by a 40% increase in home closings and strategic acquisitions, positioning them for continued growth in 2025.

  • Homebuilding revenues increased by 35% to $1.5 billion.
  • Home closings increased by 40% to 3,008 homes.
  • Net new orders increased by 46% to 1,611.
  • Net income attributable to DFH increased by 27% to $129 million, or $1.35 per basic share.

Headline financials

Total Revenue

$1.56B

Previous: $1.14B+37.2%
EPS (adj)

$1.29

Previous: $1.00+29.0%
Net New Orders

1.6K

Previous: 1.1K+45.7%
Home Closings

3.0K

No prior period
Average Sales Price

$507K

Previous: $521K-2.6%
Cancellation Rate

18.8%

Previous: 22.9%-17.9%
Homebuilding Gross Margin

17.7%

No prior period
Adjusted Homebuilding Gross Margin

26.9%

No prior period
Return on Participating Equity

29.7%

No prior period
Capital Expenditures

-$3.9M

Previous: $875K-545.8%
Net Income

$129M

Previous: $105M+23.2%
Operating Income

$169M

Previous: $135M+24.5%
Gross Profit

$283M

Previous: $236M+19.9%

Revenue & EPS history

Dream Finders Homes · Revenue · Quarterly

$1.56B

Q4 2024+37.2%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Dream Finders Homes · $943M total across 1 segment · Q2 2023

  • Homebuilding
    $943M+19.2%

Forward guidance

Dream Finders Homes anticipates approximately 9,250 home closings for the full year 2025, including the impact of the Liberty Communities acquisition.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.5%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.2%

Avg return

30 days after

43%

9 / 21 earnings

Positive

+25.2%

Q2 2023

Best reaction

-12.4%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.2%+0.4%+9.2%
Q4 2025-2.0%-11.8%-29.7%
Q3 2025-8.5%-11.8%-8.5%
Q1 2025-3.6%+0.6%-1.1%
Q4 2024+17.9%+13.9%+12.7%
Q3 2024-1.3%+4.0%+6.8%
Q2 2024-10.5%-13.2%+6.0%
Q1 2024-12.4%-13.7%-20.3%
Q4 2023+11.6%+9.3%+26.6%
Q3 2023+11.7%+13.3%+26.1%
Q2 2023+25.2%+25.6%+23.2%
Q1 2023+2.3%+5.6%+21.4%
Q4 2022-0.3%-0.8%+6.1%
Q3 2022+3.5%-0.6%-7.4%
Q2 2022-2.5%-3.5%-5.4%
Q1 2022-6.4%+1.6%-10.1%
Q4 2021+5.1%-6.3%-21.3%
Q3 2021+2.5%+9.7%+16.2%
Q2 2021-8.7%-13.8%-16.6%
Q1 2021-8.8%-7.7%-15.7%
Q4 2020-7.2%-17.7%-14.1%
Q3 2020
Q2 2020
Q1 2020
Q4 2019

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