7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
      
    		                 
      cash flows from operating activities
    		                 
      net income
    		47,056,000        51,751,000 89,974,000 71,618,000 66,371,000 46,334,000 1,211,337,909,265,967,400 23,568,015 32,059,668 17,595,963 
      adjustments to reconcile net income to net cash from operating activities
    		                 
      depreciation and amortization
    		3,686,000 3,801,000 3,269,000 3,279,000 2,149,000 2,602,000 2,197,000 2,677,000 2,635,000 3,246,000 3,776,000 2,086,000 2,144,000 13,205,892,207,129,424    
      amortization of lease right-of-use assets
    		2,835,000 3,829,000 4,018,000 1,718,000 1,697,000 1,737,000 1,836,000           
      stock-based compensation
    		5,266,000 5,307,000 9,453,000 5,128,000 5,135,000 5,063,000 3,462,000           
      deferred income tax expense
    		                 
      contingent consideration revaluation
    		1,786,000 -12,706,000 1,100,000 146,000 5,948,000 4,638,000 3,207,000           
      payments of contingent consideration
    		0   -5,613,000 0 -26,418,000 -2,841,000 -12,089,000 -529,000 13,274,000        
      other
    		750,000 577,000 274,000               
      changes in operating assets and liabilities, net of effects of acquisitions
    		                 
      accounts receivable
    		-9,190,000 -8,328,000 2,665,000 -3,925,000 3,420,000 -4,791,000 2,662,000 2,131,000 9,926,000 -7,403,000 -7,650,000       
      inventories
    		-153,839,000 -109,816,000 -60,063,000 346,221,000 -161,244,000 -160,764,000 -172,232,000 17,602,000 -56,675,000 134,645,000 -156,813,000 -123,961,000 -165,394,000  -36,057,479 -80,619,592 -36,695,361 
      lot deposits
    		-20,116,000 -13,274,000 -53,153,000 -90,409,000 -66,726,000 -33,093,000 -19,258,000 14,420,000 14,935,000 14,049,000 -2,880,000 -13,073,000 -33,948,000  -48,888,043 -16,026,411 -24,975,040 
      other assets
    		-13,005,000 -12,469,000 -18,133,000 -17,509,000 -1,865,000 -19,575,000 13,346,000 13,172,000 -7,103,000 4,259,000 21,087,000 -17,967,000 -14,091,000  1,540,708 -1,512,373 -31,575,067 
      mortgage loans held for sale
    		37,962,000 37,181,000 113,951,000 -125,782,000              
      accounts payable and accrued liabilities
    		-46,895,000                 
      customer deposits
    		3,729,000 -18,823,000 -22,608,000 -4,598,000 1,156,000 -40,247,000 -12,088,000 -2,622,000 20,205,000 -25,138,000 -20,153,000 -15,120,000 28,380,000  16,505,515 15,870,150 13,071,461 
      net cash from operating activities
    		-130,981,000 -68,488,000 -44,711,000    -247,531,000  -35,589,000 248,712,000 -53,797,000 -100,040,000 -122,498,000 651,099,691,253,573,400 -1,857,270 -73,805,369 -47,481,723 
      capex
    		-4,748,000 -10,306,000 -3,164,000    -2,074,000  -1,380,000 -1,224,000 -2,398,000 -973,000 -950,000 0 -417,809 -567,903 -709,764 
      free cash flows
    		-135,729,000 -78,794,000 -47,875,000    -249,605,000  -36,969,000 247,488,000 -56,195,000 -101,013,000 -123,448,000 651,099,691,253,573,400 -2,275,079 -74,373,272 -48,191,487 
      cash flows from investing activities
    		                 
      purchase of property and equipment
    		-4,748,000 -10,306,000 -3,164,000 -3,901,000 -17,552,000 -1,818,000 -2,074,000 -1,623,000 -1,380,000 -1,224,000 -2,398,000 -973,000 -950,000  -417,809 -567,903 -709,764 
      proceeds from disposals of property and equipment
    		19,000                 
      investments in unconsolidated entities
    		0 -750,000 -1,187,000 -5,766,000 -789,000             
      return of investments from unconsolidated entities
    		535,000 790,000 296,000 311,000              
      payments for acquisitions, net of cash acquired
    		   -3,720,000              
      purchase of investment securities
    		-3,473,000                 
      proceeds from sales and maturities of investment securities
    		4,359,000                 
      net cash from investing activities
    		-4,664,000 -81,664,000 -115,591,000 -24,135,000 -7,827,000 -3,699,000 -186,011,000 -1,591,000 -1,360,000 -1,499,000 -2,551,000 -544,000 -930,000   -569,398 -22,915,714 
      cash flows from financing activities
    		                 
      proceeds from senior unsecured notes
    		                 
      proceeds from revolving credit facility and other borrowings
    		422,526,000                 
      repayments on revolving credit facility and other borrowings
    		-495,490,000                 
      proceeds from mortgage warehouse facilities
    		-36,685,000 -44,246,000 195,862,000 727,752,000              
      repayments on mortgage warehouse facilities
    		620,000 7,076,000 -304,022,000 -608,302,000              
      payments of debt issuance costs
    		-10,204,000 -268,000 -452,000 1,000 -362,000   0 -125,000         
      payments of preferred stock dividends
    		-3,375,000 -3,375,000 -3,375,000 -3,375,000 -6,750,000 0 -3,375,000 -3,375,000 -3,375,000 -3,450,000        
      payments for common stock withheld for taxes
    		0 -1,037,000 -6,846,000 0 0 -2,008,000 -10,456,000           
      repurchases of common stock
    		-9,673,000 -16,057,000 -6,963,000 -1,157,000 -4,824,000             
      distributions to noncontrolling interests
    		-300,000 -123,000 -3,839,000 -440,000 -400,000   -2,985,000 -1,024,000         
      net cash from financing activities
    		167,419,000 60,454,000 168,578,000       -13,815,000 88,687,000 68,962,000 3,121,000 316,045,386 217,184,286 35,729,924 76,922,404 
      net decrease in cash, cash equivalents and restricted cash
    		31,774,000   106,977,000 -63,783,000 28,811,000 -280,636,000 28,140,000 -97,679,000         
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 339,825,000 0 0 0 548,456,000 0 395,130,000 0 0 0 281,322,000  0   
      cash, cash equivalents and restricted cash at end of period
    		31,774,000 -89,698,000 348,101,000 106,977,000 -63,783,000 28,811,000 267,820,000 28,140,000 297,451,000 233,398,000 32,339,000 -31,622,000 161,015,000  214,299,093   
      deferred income tax benefit
    		 8,586,000 -1,715,000               
      payments for acquisitions
    		 -71,548,000 -111,556,000               
      net and comprehensive income
    		  55,010,000 130,492,000 71,644,000 82,763,000 55,683,000           
      adjustments to reconcile net and comprehensive income to net cash from operating activities
    		                 
      changes in operating assets and liabilities, net of effects of acquisition
    		                 
      accounts payable and accrued expenses
    		  -74,797,000 92,981,000 -3,171,000 69,477,000 -117,658,000 -24,666,000 -80,049,000 37,925,000 47,984,000 -9,591,000 -10,570,000  44,415,926 -38,494,955 8,412,371 
      lease liabilities
    		  -3,982,000 -1,665,000 -1,661,000 -1,726,000 -1,814,000           
      proceeds from disposal of property and equipment
    		  20,000 -56,000 21,000 21,000 46,000 32,000 20,000 25,000 85,000 27,000 15,000  -19,401 130,240 330,216 
      proceeds from construction lines of credit
    		  510,213,000 195,210,000 205,556,000 180,620,000 280,000,000 2,665,000,000 2,745,000,000 3,015,577,000 7,777,500,000 180,000,000 50,000,000  535,000,000 25,000,050 976,317,315 
      repayments on construction lines of credit
    		  -212,000,000 -485,032,000 -105,224,000 -32,000 -100,096,000           
      net increase/(decrease) in cash, cash equivalents and restricted cash
    		  8,276,000               
      adjustments to reconcile net and comprehensive income to net cash (used in)/provided by operating activities
    		                 
      net cash (used in)/provided by operating activities
    		   306,455,000 -204,975,000             
      deposits on pending acquisitions
    		                 
      redemption of series b preferred units
    		                 
      net cash provided by/(used in) financing activities
    		   -175,343,000 149,019,000 143,107,000 152,906,000           
      gain on sale of property and equipment
    		    -48,000 -26,000 -46,000 -1,000 -19,000 7,000   -9,000    -65,517 
      deferred tax expense
    		           -245,000 16,878,000     
      return on investments, net of income from unconsolidated entities
    		    234,000 -1,305,000 -2,325,000 -453,000 513,000         
      adjustments to reconcile net income to net cash (used in)/provided by operating activities
    		                 
      deferred tax expense/
    		                 
      payments for business combination
    		     -340,000 -183,983,000           
      reconciliation of cash, cash equivalents and restricted cash
    		                 
      cash and cash equivalents
    		     35,369,000 239,428,000 25,941,000 266,569,000  39,595,000 -16,043,000 100,140,000 22,722,702,043,657,780,000,000,000,000 79,384,900 -36,148,911 42,303,231 
      restricted cash
    		     -6,558,000 28,392,000 2,199,000 30,882,000  -7,256,000 -15,579,000 60,875,000  134,914,193 -2,495,932 49,432,884 
      total cash, cash equivalents and restricted cash
    		     28,811,000 267,820,000           
      adjustments to reconcile net income to net cash provided by/(used in) operating activities
    		                 
      deferred tax benefit
    		      -1,662,000   1,573,000        
      distributions
    		      -8,962,000        -20,561,121 0 -23,276,323 
      adjustments to reconcile net and comprehensive income to net cash provided by/(used in) operating activities
    		                 
      extinguishment of unamortized debt issuance costs
    		         1,000 0       
      income from paycheck protection program
    		                 
      changes in operating assets and liabilities
    		                 
      net cash provided by/(used in) operating activities
    		                 
      business combinations, net of cash acquired
    		         0     -77,388 0 -22,616,862 
      proceeds from common stock issuance
    		                 
      proceeds from issuance of convertible preferred stock
    		                 
      payments of equity issuance costs
    		               0 -12,571,671 
      conversion of llc units
    		              0 0 -123,657,596 
      contributions
    		                 
      redemptions of preferred units
    		                 
      net cash (used in)/provided by financing activities
    		       -73,644,000 -60,730,000         
      net increase in cash, cash equivalents and restricted cash
    		         233,398,000 32,339,000 -31,622,000 -120,307,000  214,299,093 -38,644,843 6,524,967 
      amortization of debt issuance costs
    		       1,132,000 1,132,000 1,136,000 848,000 1,136,000 724,000  -162,351 518,388 910,747 
      amortization of right-of-use operating lease assets
    		       1,827,000 1,790,000 1,685,000        
      deferred tax (benefit) expense
    		       -1,953,000 -83,000         
      revaluation of contingent consideration
    		       18,266,000 5,316,000         
      operating lease liabilities
    		       -1,754,000 -1,764,000 -1,673,000 -9,856,000 -1,440,000 7,239,000  -83,030 -616,239 -729,676 
      principal payments on construction lines of credit
    		       -2,705,320,000 -2,795,256,000 -3,027,621,000 -7,677,500,000 -75,000,000 -40,000,000  -460,000,000 20,000,000 -946,702,546 
      supplemental disclosures of noncash activities:
    		                 
      noncash financing activities
    		                 
      accrued distributions
    		       220,000 214,000    -3,102,000     
      leased assets obtained in exchange for new operating lease liabilities
    		       251,000 906,000  625,000 69,000 8,170,000     
      total noncash activities
    		       471,000 1,120,000         
      stock compensation expense
    		        2,430,000 1,977,000 1,575,000 1,880,000 1,364,000  1,472,039 1,451,831 1,108,238 
      total cash, cash equivalents and restricted cash shown on the condensed consolidated statements of cash flows
    		        297,451,000         
      income from unconsolidated entities, net of return on investments
    		                 
      remeasurement of contingent consideration
    		         -822,000 2,641,000 5,042,000 4,192,000  602,090 3,976,980 1,182,745 
      payment of debt issuance costs
    		         -49,000 -421,000 -4,944,000 -125,000     
      redemptions
    		              0 0 -25,530,506 
      contribution from conversion of converted llc units
    		              1 0 123,657,596 
      contributions from non-controlling interests
    		                 
      distributions to non-controlling interests
    		         -4,179,000 -526,000 -13,202,000 -5,188,000   -4,308,757 -11,717,948 
      payments on financing leases
    		              -24,575 -38,789 -39,075 
      income from equity method investments, net of distributions received
    		          2,706,000 -110,000 1,482,000  623,310   
      investments in equity method investments
    		              -600,000   
      returns of investment from equity method investments
    		          42,000       
      proceeds from notes payable
    		          0 258,000 320,000  416,000 1,261,681 1,158,642 
      principal payments on notes payable
    		          -128,000 -415,000 -1,886,000  -551,500 -1,093,500 -23,284,519 
      payment of equity issuance costs
    		                 
      proceeds from stock issuance
    		               0 142,569,035 
      non-cash financing activities
    		                 
      financed land payments to seller
    		              0 0 8,916,211 
      equity issuance costs incurred
    		              0 0 905,965 
      non-cash investing activities
    		                 
      investment capital reallocation
    		              -30 0 -3,468,731 
      total non-cash financing and investing activities
    		          625,000 3,171,000 5,068,000  675,957 0 6,353,445 
      total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows
    		          32,339,000 -31,622,000 161,015,000     
      (gain) loss on sale of property and equipment
    		                 
      amortization of right-of-use operating lease
    		           1,542,000 947,000  799,361   
      operating lease rou assets
    		           -68,000 -8,170,000     
      payments on contingent consideration
    		              0   
      returns on investment from equity method investments
    		            5,000     
      segment
    		                 
      jacksonville
    		                 
      colorado
    		                 
      orlando
    		                 
      dc metro
    		                 
      the carolinas
    		                 
      texas
    		                 
      grand total
    		                 
      austin, savannah, village park homes, active adult and custom homes. austin refers to legacy dfh operations exclusive of mhi. see note 13. segment reporting to our consolidated financial statements for further explanation of our reportable segments.
    		                 
      construction in process and finished homes
    		                 
      finished lots and land under development
    		                 
      total
    		                 
      represents our owned homes that are completed or under construction, including sold, spec and model homes.
    		                 
      represents finished lots purchased just-in-time for production and capitalized costs related to land under development held by third party land bank partners, including lot option fees, property taxes and due diligence. land and lots from consolidated joint ventures are excluded.
    		                 
      net new orders
    		                 
      cancellation rate
    		                 
      ending backlog - homes
    		                 
      ending backlog - value
    		                 
      item 1a.
    		                 
      •
    		                 
      item 1b.
    		                 
      item 2.
    		                 
      item 3.
    		                 
      item 4.
    		                 
      item 5.
    		                 
      item 6.
    		                 
      item 7.
    		                 
      revenues
    		                 
      cost of sales
    		                 
      selling, general and administrative expense
    		                 
      income from equity in earnings of unconsolidated entities
    		                 
      gain on sale of assets
    		                 
      loss on extinguishment of debt
    		                 
      other income
    		                 
      paycheck protection program forgiveness
    		                 
      interest expense
    		                 
      income before taxes
    		                 
      income tax expense
    		               4,478,317 4,816,482 
      net and comprehensive income attributable to non-controlling interests
    		                 
      net and comprehensive income attributable to dream finders homes, inc.
    		                 
      earnings per share
    		                 
      basic
    		                 
      diluted
    		                 
      weighted-average number of shares
    		                 
      consolidated balance sheets data
    		                 
      total assets
    		                 
      long-term debt
    		                 
      finance lease liabilities
    		                 
      preferred mezzanine equity
    		                 
      common mezzanine equity
    		                 
      common members' equity
    		                 
      common stock - class a
    		                 
      common stock - class b
    		                 
      additional paid-in capital
    		                 
      retained earnings
    		                 
      non-controlling interests
    		                 
      other financial and operating data
    		                 
      active communities at end of period
    		                 
      home closings
    		                 
      average sales price of homes closed
    		                 
      backlog (at period end) - homes
    		                 
      backlog (at period end, in thousands) - value
    		                 
      gross margin
    		                 
      gross margin %
    		                 
      net profit margin %
    		                 
      adjusted gross margin
    		                 
      adjusted gross margin %
    		                 
      ebitda
    		                 
      ebitda margin %
    		                 
      adjusted ebitda (in thousands)6
    		                 
      adjusted ebitda margin %
    		                 
      a community becomes active once the model is completed or the community has its fifth sale. a community becomes inactive when it has fewer than five units remaining to sell.
    		                 
      average sales price of homes closed is calculated based on home sales revenue, excluding the impact of deposit forfeitures and percentage of completion revenues, over homes closed.
    		                 
      calculated as a percentage of home sales revenue.
    		                 
      calculated as a percentage of revenues.
    		                 
      average sales price of closed homes
    		                 
      adjusted ebitda
    		                 
      adjusted ebitda margin
    		                 
      other revenue
    		                 
      home sales revenue
    		                 
      interest expense in cost of sales
    		                 
      amortization in cost of sales
    		                 
      commission expense
    		                 
      interest income
    		                 
      interest expensed in cost of sales
    		                 
      stock-based compensation expense
    		                 
      item 7a.
    		                 
      item 1.
    		                 
      loss on sale of property and equipment
    		              -90,313   
      amortization of right-of-use financing lease
    		              23,695   
      forgiveness of paycheck protection program
    		                 
      return of investments from equity method investments
    		              86,675 468,265 80,696 
      net cash provided used in investing activities
    		                 
      proceeds from issuance of common stock
    		                 
      payment of debt issue costs
    		              -3,621,222   
      total cash, cash equivalents and restriced cash shown on the consolidated statements of cash flows
    		              214,299,093 -38,644,843 91,736,115 
      depreciation
    		               954,242 973,006 
      payments of operating leases
    		                 
      income fom paycheck protection program
    		                 
      deferred tax asset
    		               -2,741,459 -571,277 
      amortization of rou operating lease
    		                759,904 
      amortization of rou financing lease
    		                31,691 
      income from equity method investments, net distributions received
    		                -1,732,393 
      contributions to non-controlling interests
    		                 
      cash, cash equivalents and restricted cash at beginning of year
    		                85,211,148 
      cash, cash equivalents and restricted cash at end of year
    		                91,736,115 
      leased assets obtained in exchange for new financing lease liabilities
    		                 
      preferred issuance
    		                 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.