Dream Finders Homes Inc (Texas)
dreamfindershomes.comWhat Do They Do?
Designs, builds and sells single-family homes to homebuyers and investors who rent them out, and provides homebuying financial services to homebuyers.
10-K for FY2025, filed Feb 24, 2026
How Do They Make Money?
Homebuyers and third-party investors pay for completed homes at closing; the company also earns revenue through mortgage, title and homeowners insurance services.
10-K for FY2025, filed Feb 24, 2026We design, build and sell homes primarily in high-growth markets using our asset-light lot acquisition strategy. Our primary focus is on…View ↗
To fully serve our homebuyers and capture ancillary business opportunities, we have financial services operations that offer mortgage…View ↗
Homebuilding Revenue RecognitionView ↗
-
10-K for FY2025, filed Feb 24, 2026
FY2025 revenue by product or service ↗
$4.3B
-
10-K for FY2025, filed Feb 24, 2026
$4.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Homebuilding
Sold outright
10-K for FY2025, filed Feb 24, 2026 |
96%
FY2022: 100%
|
Homebuilding, FY2025
$4.1B Sources
|
Sold outright |
|
Financial services
|
4.1%
FY2022: 0.2%
|
Financial services, FY2025
$177.5M Sources
|
Who Are Their Customers?
Homebuyers purchase through Dream Finders' sales representatives or independent real estate brokers; third-party investors also buy homes to rent out. Homebuyers can also use the company's mortgage, title and homeowners insurance services.
10-K for FY2025, filed Feb 24, 2026We design, build and sell homes primarily in high-growth markets using our asset-light lot acquisition strategy. Our primary focus is on…View ↗
To fully serve our homebuyers and capture ancillary business opportunities, we have financial services operations that offer mortgage…View ↗
We sell our homes through our own sales representatives and through independent real estate brokers. We continuously work to maintain good…View ↗
To fully serve our homebuyers and capture ancillary business opportunities, we have financial services operations that offer mortgage…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$126.4M.
10-K for FY2025, filed Feb 24, 2026
$217.2MView ↗
10-K for FY2025, filed Feb 24, 2026
−$126.4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 30, 2026
$27.7MView ↗
- ▼ −51%
- vs $56.6M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
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Aug 7, 2026
Signed an agreement to acquire Beazer Homes
The merger remains subject to Beazer shareholder approval, antitrust review and other closing conditions.
Sources
8-K, filed Aug 7, 2026
On August 6, 2026, Dream Finders Homes, Inc., a Texas corporation (the “Company”), entered into an Agreement and Plan of Merger (the…View ↗
Growing. Revenue grew 2.2x in 4 years, from $1.9B in FY2021 to $4.3B in FY2025, about 22% a year.
Expanded financial services
The earlier report described mortgage banking through a joint venture and title insurance; the latest describes a wholly owned mortgage operation, homeowners insurance and title underwriting services.
10-K for FY2022, filed Mar 2, 2023 10-K for FY2025, filed Feb 24, 2026We design, build and sell homes in high-growth markets, including Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington D.C.…View ↗
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