NYSE$DFH

Dream Finders Homes Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Dream Finders Homes reported Q4 2025, revenue of $1.20B, net income of $59M, diluted EPS of $1.25.

For Q4 2025, Dream Finders Homes reported revenue of $1.20B, net income of $59M, diluted EPS was $1.25. The earnings release highlights segment trends, liquidity, and management commentary on the period.

  • Revenue $1.20B.
  • Net income $59M.
  • Diluted EPS $1.25.

Headline financials

Total Revenue

$1.2B

Previous: $1.56B-23.1%
EPS (adj)

$1.25

Previous: $1.29-3.1%
Net New Orders

1.8K

Previous: 1.6K+9.0%
Home Closings

2.5K

Previous: 3.0K-15.7%
Average Sales Price

$460K

Previous: $507K-9.3%
Cancellation Rate

15.9%

Previous: 18.8%-15.4%
Homebuilding Gross Margin

16.7%

Previous: 17.7%-5.6%
Adjusted Homebuilding Gross Margin

25.7%

Previous: 26.9%-4.5%
Ending Backlog Homes

1.8K

No prior period
Ending Backlog Value

$821M

No prior period
Active Communities

313

No prior period
Return on Participating Equity

15.3%

Previous: 29.7%-48.5%
Net Income

$59M

Previous: $129M-54.4%
Operating Income

$78.1M

Previous: $169M-53.7%
Gross Profit

$193M

Previous: $283M-31.7%

Revenue & EPS history

Dream Finders Homes · Revenue · Quarterly

$1.2B

Q4 2025-23.1%vs Q4 2024
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

Management discusses operating priorities, capital allocation, and sector-specific risks in the quarterly filing.

Tailwinds

  • Headline results and segment commentary anchor the quarter narrative.
  • Balance sheet and liquidity support ongoing operations or returns.
  • Strategic initiatives cited in the release.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.
  • Execution risk on guidance or restructuring plans.

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 2025

Historical avgQ4 2025

+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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